Note: NZD/USD follows our analysis last week. Congratulations to those who short this trade as per our analysis. Overall, we remain bearish on this pair because of the potential "Extended Head & Shoulder" setup appeared. Now, we have 2 trading plans for this pair: 1. Wait some little pullback to the support line at 0.698x level and bearish signal to short with...
Note: USD/CHF remain bullish! Now, we need to wait for a bullish signal to long this pair. It will go to new high in 8-years time!
Note: GBP/AUD follows our prediction last week. We remain bullish on this pair. There are 3 trading plans for this pair: 1. Zoom into H4 chart, there is an immediate resistance line at 1.715x level, wait for price correction or pullback to 20-EMA and bullish signal to long 2. Wait the price pullback to support zone and bullish signal to long 3. If the...
Note: EUR/GBP follows our prediction previously. Now, we remain NEUTRAL on this pair. There are 2 potential trading plans: 1. If the price break the support zone strongly, we can wait for pullback and bearish signal to short with right risk 2. We saw 1 bullish signal previously, we need to wait for another 1-2 bullish signals to entry long
Note: EUR/JPY follows our prediction previously. Overall, we remain bullish on this pair. We have 2 trading plan for this pair: 1. We wait for pullback to the support zone and another strong bullish signal to long with right risk amount 2. We zoom into H4 or H1 charts to look for pullback on 20-EMA and long with little risk amount Caution on the BOJ Policy...
Crude Oil is trying its 2nd attempt to break the resistance zone. There are 3 possibilities here: 1. If it break the resistance zone, wait for PB to the resistance zone and a bullish signal to long. 2. Eventually, it might form consolidation near the resistance zone. If breakout, can directly long 3. If there are 2-3 "2 BARS REVERSAL" to trigger the BEARISH...
A good swing setup shows on USD/SGD Pair. 1. Overall trend is still bullish on USD 2. The price touched on 20-EMA and bounce back strongly from that,a good signal to long. 3. The price also bounce back from the support level at 1.416x EP: 1.42417 SL: 1.41438 TP1: 1.43289 TP2: 1.44242
A potential good swing setup. After recent bullish trend, there is 1 pull back bar and followed by a bullish pin bar. Good to entry with R/R of 1:2 EP: 1.01557 SL: 1.00646 TP: 1.03050
We see the price of crude oil spike last week due to OPEC decided to cut 1.2m crude oil daily production. If the trend continues, we do see the strength of CAD. Caution on the BOC Rate Statement on Wednesday which might influence the movement of this trade significantly. Technically, if the price able to break the support zone, we will call a short for it!
Our previous analysis on shorting EUR/GBP was correct. Now, we need to pay attention to this support zone. If the price manage to break the support zone with strong strength, wait for pullback and short for it :)
Overall Downward Trend. After the price pull back 2 days, here we see a strong bearish bar as a good signal to short now. EP: 0.73950 SL: 0.75049 TP: 71850
S&P 500 is reaching its previous all-time high! Monitor this index closely. If it manages to break the Resistance Zone, we are bullish for it. If there are few bearish signals appeared around resistance zone, we are bearish for it. If shorting S&P 500, it will be a high risk to reward trade :)
Strong bounce can be seen around the 0.74500 area. Buyers have already made their move upwards, however, to consider this as a viable trade I would have to be sure that buyers are in control of price, and therefore for todays candle to close above yesterday's highs. In addition, be aware of the consumer price index report that may have a big impact on this trade.
Strong rebound seen here on the daily chart. Before I look to enter this trade, I would have to be sure that sellers are in fact in control of price. Therefore I will keep an eye on the lower time frames to gauge confirmation, and look to enter on the daily time frame.
A little bit late to the party as price has already pushed up passed my desired entry. However for me to still consider this a trade to take, price would have to retrace back down slightly to a more favoured entry to benefit my risk to reward ratio. In addition, if I were to enter toady it would likely be on one of the lower time frames, but if I were to enter on...
FX:AUDUSD is showing overbought on the Stoch and the Bollinger Bands, and has touched the daily and weekly supply levels twice. Good reward:risk ratios. 2:1 for TP1 and 4:1 trade for TP2. Happy Trading
The price in the AUDUSD is inside a triangle pattern, and whatever be the direction that the price is going to go, the oportunity to trade this pair is huge because the position where the price is. For the risky traders, to buy this pair it's recommended to wait until the price get close to the A-C line, just below the 144 EMA. But, you have to be cautious in...
USDCHF giving us signals that it wants to leave downward channel and maybe starting a new one upwards.