Sure trade on gold is up as trade talk negotiation meeting is disrupted by new flames and technical perspective is looking at the breakthrough towards 1530 and 1545 respectively. Set Tps around 1522
USDCHF is bouncing off of monthly support levels and breaking a 4hr trendline with the retest.
The GBPUSD has cleared out the 1.2335 zone and is now retesting the zone and primed for continuation higher. With US payrolls out tonight the action could heat up.
We've created a higher high on the 1hr timeframe and bounced off of support on the 4hr.
Looking at EURJPY price broke out of the Ascending channel impulsively and made a Bear flag confirming the momentum to the downside looking for reentry on this pair as a scalein opportunity to take the trade to the downside
CADJPY has pulled back to test trendline resistance as it continues its path in this downward trend channel. On the shorter term time frame, RSI divergence displays a switch in momentum. The pair continues to post lower highs and lower lows, we are expecting a continued move to the downside. Bollinger bands and 82.00 handle offer further resistance.
Gold has broken lower below 2 month support area and opens up the potential of another move lower towards 1400 handle. We are awaiting a retracement to new resistance at 1483 before looking for short entries.
Looking at Great British Pound Dollar currency presenting Short trade opportunity as seen from the analysis
USDCHF is now trading at trendline and horizontal resistance after the midterm uptrend. The pair appears bullish around this area so we will wait to see a rejection of this level before looking for short entries.
The pair has been trading within a 1M Channel Down (RSI = 35.152, MACD = -0.017, Highs/Lows = -0.0297) since January 2017. Currently it is closer to the Lower Low zone and since through-out this downtrend it has always made contact with the 1W MA50, we are expecting a rise towards at least 0.9000. ** If you like our free content follow our profile...
NZDCAD has sold off to trendline support and indicators show an oversold market. We are looking for potential short term counter-trend positions on price action confirmation.
hey traders, nzdusd is standing on a 6 years low on a weekly. recent false breakout of a previous structure low on a daily leaves us clues that bearish pressure is exhausted. currently, the market is started to contract within a symmetrical triangle formation - a clear indication of high indecision. though according to a common rule, we trade such...
Yes there is buy opportunity in EURCHF. EURCHF is in down trend and over bought situation. You can see it in stochastic indicator as well. This is gives us a one confirmation to go for buy option. And there is a strong support in 1.08369 and we can see that there is an inverted candle where end of the chart and that also in over sold area, and its on a real good...
USDCAD: Short Trade With Confirmation very peculiar trading setup on USDCAD . on 4H the market has recently touched a falling resistance of a descending triangle and we see a row of multiple rejections. on 1H we see a double top formation and for confirmation, we only need to wait for a bearish violation of minor support beneath it to short the pair. T1 -...
AUDCAD has tested horizontal and trend line support around 0.89500 and displayed bullish price action on the shorter term suggesting the trend will hold. The market remains oversold in the longer term. We expect a break of 0.89800 before an extension higher.
So what next for Bitcoin. The chart has been stuck in a descending triangle pattern from June of this year, posting lower highs and equal lows. It appeared to be only a matter of time before a break to the downside. After a significant break during yesterdays session, sellers could begin to pick up. Looking at the chart a pullback to support followed by further...
EURCHF has weakened and is now testing key support. As we look on the 1hr time frame RSI shows divergence and there is a clear stochastic cross in oversold conditions. We are now expecting buyers to take over.