We have some room upward and technically this pair is trying to rebound from higher period SMA 200 RED (dynamic support). Fundamental wise we knew till this day that king didn't wanted to back off! I had earlier created a bullish bias idea on this major pair but I messed up with fast entry as overall I knew from the beginning this was mean to happen ( I mean the...
GBPUSD is traded below downtrendline Price broke corrective uptrendline Below Moving Average 100 Price is based below HVN @ 1.3118 Rejected from resistance level @ 1.3080 and 61.8% fibonacci level It's expected for coming strong bearish movement to support level @ 1.2906
USDCHF retested broken major downtrendline Price is rejected from Moving Average 100 Price is supported on uptrend on RSI Key level @ 0.9825 It's expected for coming bullish wave to target HVN near level 0.9825
After the FED decision on first rate cut in over 10 years, cutting its interest rate by 25 bp and formalized the end of QT (Quantitative Tightening), ending the fundamental expected for the market to break the weak resistance level. Forming a strong bullish candle on the weakly chart and still having some clear room for more bullish momentum, where in confluence...
Hello my dear Aussie-Dollar traders & Forex friends, hope you're doing well mates! ;) First of all, let's have a look at the last analysis before I take the drawings away: => We can see that the Double Bottom saw follow-through, but obviously we're still grinding at the 70 Cent psychological, with the crucial resistance of the previous Descending Triangle...
Potential Long Position in the USDCAD market. Details and analysis in the attached note.
USDJPY still downtrend on big frame. It ranging on smaller frame, but in my opinion, it likely to go uptrend when the price breakup (more information, you can check the arrows). Recommendation: place the order when it break the wall. don't too much speculations with place order before it break.
Inside bar broken to the downside after we tested a .618 retrace of bearish swing from end of June. Expecting the price to retest the breakout of the downward channel and corresponding horizontal resistance, now support. Its a bit risky considering the Canada GDP data are due tmrw morning. But I like the set up. Dan
The bat pattern is now completed. Looking for price to retrace to FIBO 0.236, bounce for head and shoulder pattern completion. Then taking out support at 1.1907. And continuation of trend towards parity.