After waiting for the NZD/USD price to break down and correct with a Fibonacci level of 50% before riding the trend back up. Now, following the current price Chart, the correction is a little above the 50% fib level, which technically marks an average corrective wave. A buy stop order is already in a position to catch the price up to the next resistance level at...
After waiting for the AUD/USD price to break down and correct with a Fibonacci level of 50% before riding the trend back up. Now, following the current price Chart, the correction is at the 50% fib level, a buy stop order is already in a position to catch the price up to the next resistance level at 0.7540. Trading Setup - A Buy Stop order at 0.7340 Take profit...
The GBP/USD bearish result as forecasted! bagged 215 points! The GBPUSd still looks bearish but a corrective wave is anticipated towards the 1.3275 support that will eventually turn to support. So I will be selling with a sell-stop order after the 1.3275 correction falls back down to 1.3250. If that happens then the next target will be 1.30000
GBP/USD has been ranging below the 38.2% fib extension, forming double-tops and correcting back to 1.2225-20 zone. This indecisiveness could be prolonged till the end of this week, or the sellers finally take over the market and drive it further down. Either way, the overall technical outlook is bearish and could stay that way, till it hit the 1.3175 Dec-2021...
USD/CAD has been on a very tight bearish trend since she broke below the 1.2675-60 support zone, and with Tuesday's bearish rejection, which successfully push the price back to retesting the diagonal resistance area at 1.2675, which stood as the Quasi-support zone for the buyers, before its defeat, the sellers could ultimately turn it to decisive support in other...
A possible bearish rally could be the next technical phase of NZD/CHF once the support at 0.8310 is finally broken. There is a ''Little to No'' doubt about it, and the momentum could be a rapid one towards the downside of the market. So, Watch-out and be patient for the breakout below the current overly consolidated support zone around 0.8320-10 price level.
EUR/NZD has come a long way towards the upside of the market, but it still got a few more laps to go before hitting a possible correction at the Daily resistance level of 0.7120-50. An early buy could generate a few more points (80p) at least. Nevertheless, best to wait for the next 2H candles for a proper confirmation level. Just speculating, nothing is...
USD/CAD got rejected at the 1.2800 psychological level, which also happens to fall below the 200-day SMA on Jan 6, these technical levels kickstart the pair bearish phase. The price fell by almost 200point before hitting another Quasimodo support zone at 1.2630, which creates a ripple in the price and gives a chance for the buyers to push the up to 1.2700 that...
Hey Traders, seem like the last idea I shared here was Euro running into a new bullish momentum, but as things are now, the EUR/USD is currently moving in a consolidating manner, which encourages swing traders to wait for any confirmation on either bearish or bullish trend. So, watch out!
On the 4hr chart, the NZD/USD seems to have resumed its downtrend, the confirmation has been triggered when the price moved below the 0.8640 support level (psychology zone), due to the rapid dip that occurred based on the market sentiments ahead of today’s data releases. The previous correction was at the 23.6% fib reversal level, which looks good for the bears,...
Hey Trader, a bullish trend seems to be forming up on the 4Hr chart of GBP/CHF! But the bullish trend would be validated if the trend continues above the 61.8% fib level. So, watch out for the next 4Hr candle.
The EUR/USD has been on a the ascending triangle pattern since late November, though the symmetric triangle appears to be quite a flat one (i.e with a volume less than 200point), but a taking critical look at the price, it reveals the viability of the buyers effort. The bulls have been giving the bears a tight spot to thrive in slumping the Euro price, since the...
The Swiss pair has shown a great declining phase signal after spending the best part of December ranging with a volume of over 103point for 18days on a roll. The USD/CHF price now falls below the technical tools used on the chart which are the 21,50, and 200-day SMA . If the price successfully break below the 0.9165 Quasimodo zone the next bearish mark would be...
On a short-term 2H chart The price trends above the 200-day SMA and the price move all above the fibb reversal level. Moreover, on the 4H chart the pair currently uses the 50-day SMA as support level at 0.8725, which might instigate a strong bullish trend push from the buyers, and it reveals their active participation in the market, despite the holiday. So,...
The pound has been on a steady bearish run since the 28th of October, forming the traditional bearish footwork (Lower highs and Lower lows), with the Lower high corrective momentum not moving above the 50% Fibonacci nominal reversal level. But, the last bearish corrective movement which occurs on the 12th, went ahead to be a draggy one, it lasted for a week...
Aussie has been on a smoothly steady downtrend since 25th of October, and this has been followed with couple of Higher Highs and Higher Lows, but this past Friday impulsive movement towards the top-table in the market could be a possible starts of the ABC corrective wave, for Aussie. Following the momentum and the price level, the price has moved very close to...
A Bullish flag on Yen could only means one thing on this safe-haven pair. i am looking to buy on the breakout above the upper trendline preferably at 114.50. WatchOut!
The Euro has been on a bearish Range, which gives an idea of how investors has been skeptical in their decision on euro. But the last week Thursday Spike from the 1.1590 overly tested support level, which was then furthered by a very slumpy correction of over 170point on Friday that later got pushed back at 1.1535, reveals that the sellers are very active in the...