Ezeprinceley

Ezeprinceley

Why Does the Forex Market Function? Introduction: The largest and most liquid financial market in the world is the foreign exchange (FX) market. It is open twenty-four hours a day, seven days a week, and makes it possible to exchange money between other nations. The FX market, which conducts daily transactions worth trillions of dollars, is an essential part of...

Ezeprinceley

On the monthly time frame we see that market has in a couple of weeks ago retested the level around 1.22584 and failed to break it. Price has now currently approached a monthly support level and we are all keen to know what would happen at this point. The possibilities are: 1. Price breaks below this current support level and continues further bearish. 2. Price...

Ezeprinceley

As the chart clearly states, we see that that the market has been making upwards movements since about the middle of July. The trend structure I drew is a fall ng wedge and as we know falling wedges most often than not eventually break out to continue the original trend of the market(in this case its bullish). Lastly I drew out a structure which the market has...

Ezeprinceley Updated 

CHFJPY has formed a triple bottom, because of the support around level 114.823 and 114.890 as we all can see in the chart and we expect a move to the upside as we can already see the bullish candle forming which serves as an indication.

Ezeprinceley

GBPUSD has reached a resistance at 1.26475 in the D1 chart, we therefore are expecting that is returns and trends downwards, or it might also breakout of the resistance and trend upwards, whichever the case we are waiting for a sign but the bearish movement is clearer at the moment.

Ezeprinceley

First of all i urge you to support our work by liking this idea and smashing the follow button. Now EUR/NZD has been ranging for quite some time after making a long downward movement which has made me skeptical about what the next move will be. But now we see indication of another downward movement right here in the chart, and it will be a good time to sell.

Ezeprinceley

There seems to be pretty much strong resistance at 1040 as BTCUSD have not been able to break out of that point. And it is clear indication that this pair will sell for a while. Do follow me for more updates, have a beautiful day today.

Ezeprinceley

looking at the weekly chat gold has moved downwards and then upwards again forming a double top, and in the daily chart it is currently moving in a steady up trend. But it might most likely start trending downwards because the top line might be a resistance point, it is a good sign but for now we await more confirmation, there will be an update from me on this...

Ezeprinceley

The GBPUSD pair has broken of a resistance which has been holding for some days now and is showing signs of moving in the up trend real quick. Although there might be a retest back to the support line but it will continue on a steady buy

Ezeprinceley

There is every tendency that EURUSD is going to buy but before that happens there is most likely going to be a drop down which i think is happening right about now and might fetch scalpers some amount, on the other hand looking at the daily chart due to a strong support line at the bottom there might be a steady buy which might go on for as long as a day.