Hello Traders, welcome to the Daily Forex technical analysis. Today is October 24th, 2019 and we will be taking a look at the British Pound against the New Zealand Dollar. Looking at the 1 hour time frame we are looking for price action to hold above the trend line acting as support the 2.016 region. If we can continue with a bullish follow through and stay above...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 23rd, 2019 and we will be taking a look at the New Zealand Dollar against the Japanese Yen. Looking at the 1 hour time price action is nearing it's previous area of resistance at the 69.6 region, if we continue to move upwards moving back above the trend line and our stop loss this...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 22nd , 2019 and we will be taking a look at the Australian Dollar against the Japanese Yen. Looking at the 1 hour time price action is nearing it's previous area of support at the 74.3 region. If we can touch this support area and hold it and not break below our stop loss we will be...
As discussed in my last EURUSD weekly forecast, the reversal has taken place as the price broke above a 3-month falling channel. In the midst of the breakout, a new rising channel has formed and the price has started to retrace from the top since the market opened this week. The price has certainly reached the demand zone but is most likely to give it another...
USDJPY is on a rise since last week and continued so in the beginning of the trading week too. Safe-haven assets seemed to have lost its demand for now as Brexit discussion is showing positive signs. While this is most likely to be temporary, day trading clearly favours a weaker yen (and gold) and we can keep things simple. USDJPY is climbing within a rising...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 14th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time we are now looking for price action to find support with this minor pullback at the 1.626 region after breaking above resistance and flipping bullish. If price action can hold...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 10th, 2019 and we will be taking a look at the Euro against the New Zealand Dollar. Looking at the 1 hour time frame, we are looking for price action to pullback into it's previous area of resistance at the 1.74 area. If price action can pull back into this resistance region and reject...
Great short the daily resistance play on ORA, just need to be more patient while i'm trading!
USDJPY has undergone retracement since the first bearish wave which broke below a rising trendline. The price has just completed an ABCD pattern as it found resistance within a supply zone (based on the breakout area). This is a great combination of a reversal, and clear trend formed and a perfect retracement pattern to execute a trade.
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 9th, 2019 and we will be taking a look at the Euro against the U.S Dollar. Looking at the 1 hour time frame, price action has broken a key level of support breaking down through it at the 1.09 region and now action as resistance. If price action continues with it's bearish sentiment and...
It seems that the price finally starting to find some resistance after a long drop on a daily 71 fib level. This zone is also a place where the price meets its general trend. If price manages to hold this level a huge move up may happen, however if it does't we can expect drop till 78 fib. I recommend wait for a daily closure or a solid price action before...
Hello Traders, welcome to the Daily Forex technical analysis . Today is October 7th, 2019 and we will be taking a look at the Canadian Dollar against the Japanese Yen . Looking at the 1 hour time frame we can see price action has attempted to reach its previous area of resistance at the 80.7 region, but failed to make bullish continuation at this zone. We will be...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 4th, 2019 and we will be taking a look at the New Zealand Dollar against the Canadian Dollar. Looking at the 1 hour time frame we are looking for price action to possibly pullback into the .8427 area and retest this area of resistance. If we do get a pull back and price action doesn't...
If you are reading this forecast, bookmark it and revisit on the 3rd week of October. If you have missed 2 great trends which were shown in my previous 2 forecasts on Gold and US30(check out related ideas below), here's the next one you don't wanna miss! The chart is pretty much self-explained already. EURUSD has hit a new low last Tuesday during the European...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 1st, 2019 and we will be taking a look at the British Pound against the New Zealand Dollar. Looking at the 1 hour time frame, price action is currently retracing and we are looking at the 1.967 area to hold as support. If we do hold at the 1.967 previous support zone we will be looking...
Bitcoin to rally to around 9,300, it's oversold in the near term looking for next leg down to lead to near 6,000
As explained in the headline. Long gold, SL below current low, targeting 1510, 1547 and 1560.
Hello Traders, welcome to the Daily Forex technical analysis. Today is September 30th, 2019 and we will be taking a look at the Euro against the Canadian Dollar. Looking at the 1 hour time we are now looking for price action to pullback into it's previous area of resistance at the 1.446 area. A Short entry near the 1.44691 area, with a Stop Loss near the 1.45142...