Today's focus: GBPJPY
Pattern – Breakout
Support – 188.25? 186.14
Resistance – 189.88
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY on the daily chart.
After what looked like a new breakout, sellers have started to test buyer confidence after news hit JPY traders yesterday. The question remains: will we see buyers...
Today's focus: USDX
Pattern – Minor Support.
Support – 102.06
Resistance – 102.52
Hi, and thanks for checking out today's update. Today, we are looking at USDX on the daily chart.
Today's video asks if USDX will continue to hold short-term support at 106.06 and make a new move at testing resistance, or is this just descending triangle price action, which in...
The CMP(current market price) is at weekly resistance zone.
Below scenarios can happen:
1. Bear :: If a daily candle closes below 82.5920, advisable not to enter the market as the triangle is about to converge leading to triangle breakout & also the Risk: Reward ratio would be small.
2. Bull :: If a weekly closes above 83.2850, this is a ascending triangle...
OANDA:USDCAD
This is ranging with an avarage price of 1,27238.
The yellow box shows the movement of the price in the range.
If the OANDA:USDCAD is to make a break out
to either the BUY or SELL it must get out of that range to break below 1,25588 or above 1,28787
USD/JPY has hit four-month highs amid optimism on trade and Brexit. Mid-October's daily chart is painting a bullish picture.
China has reported the slowest growth level since the 1990s – an annual increase of only 6% in Gross Domestic Product in the third quarter. The world's second-largest economy continues experiencing a slowdown .
Ultimately the bigger...
