Rajomatic

Rajomatic

Widely traded pair, USDCAD, is currently retesting Trendline Structure which will ultimately decide the direction in which the market will take. There could be a huge Bullish move or maybe a Breakout of the current Support Zone. Let's wait and see what happens. Patience is key.

Rajomatic

Even though I support the view that a bullish move is about to happen, we still cannot underestimate the power that the Big Banks have in price manipulation. Still, so far the trendline seen on GBPUSD seems to be holding rather nicely for now and it might very well continue to do so. Of course, we will see the market direct after it reopens and settles down on Monday.

Rajomatic

For long tern traders here's an opportunity for you on a popular pair. There has been a retest of trendline structure and a continuation to the downside has begun to take effect. The Big Banks have a role of taking out the small players, so keep your lot sizes at a reasonable amount just to give your trade room to breathe.

Rajomatic Updated 

XAUUSD has had a massive bullish run over the past few months amidst the COVID-19 pandemic. It has broken the Resistance Zone, now turned Support, and is looking to Retest old Resistance and then push even higher towards the up-side.

Rajomatic

Although the breakout direction is currently undecided but once either trendline is broken, there is an opportunity to catch massive amounts of pips on this huge move. Next week would be the deciding factor for the breakout direction but worth the wait. Be patient.

Rajomatic

Popular chart pattern found on AUDUSD. On 4Hr chart, it shows a formation of a double top candle pattern signaling a possible short opportunity once market reopens.