Hello traders,
On a daily basis, EURJPY still struggles with the five-month-old descending trend line, at 130.85, the pair broke the descending trend in order to extend its recovery towards 131.40 and 132.00 resistances. If the pair recovered above the 132 means, the 132.75, the 133.10 and the 133.50 are likely to appear on the chart. Moreover, the 134.10 and the...
Hello traders,
The GBPAUD may find it hard to extend the latest recovery unless breaking the 1.7955-65 horizontal-region on a daily closing basis.
As a result, there's a chance for pair's pullback to the 1.7900 the 1.7850 can be expected. In case the quote continues declining past-1.7800, the 1.7700-1.7690 and an upward slanting trend-line, at 1.7535.
If at all...
Hello traders,
The EURUSD pair breaking the two-month-old descending trend and opens the door for the zig-zag run, as per now the market printing the signals @ 1.16775 on downward with a chance for a recovery. The pair familiarity may change the game. However, if the pair continues to develop in the downward, the 1.16318 would be the next halt for the price...
Hello traders,
Unless breaking the seven-week long ascending trend-line, at 0.7597 now, chances of the CADCHF's pullback to 0.7650 and then to the 0.7665 can't be denied; though, recent high of 0.7675, ascending TL of 0.7685 and the 0.7700 could check the pair's strength afterwards. Assuming the pair's rise above 0.7700, the 0.7735 and the 0.7765 can become...
Hello traders,
SELL PLAN FOR EURUSD@CORRECTION: The pair is open for real quick short.
In a 4hr time scale, the chart printing signals at the price range of 1.16791.
At 1.15404, the market got a deviation from previous trend behaviour and pulled the price range in continues lower and high structure (shown in the graph).
ADD-ON: This kind of structure formation...
Hello traders,
With some fundamental impacts, the pair AUDNZD offering a short open in 4 Hr time frame.
On last Asia Pacific session, New Zealand displayed solid numbers and strengthened across the board.
By the New Zealand core measure inflammation, the pair AUDNZD facing the deflection from the moment report got released.
These facts seem promising for a...
