EURNZD is currently at a very interesting level from a technical perspective.
Why?
We are currently sitting on a key support level on the monthly timeframe ,so naturally we will be looking for rejections.
However, what caught my eye on this particular pair is the fact that EUR is currently strengthening across the board so it would make sense to look for buying...
The market does look very interesting at the moment. The level in which prices are currently trading at require us to have more patience than ever before and an even stricter risk management procedure. Before looking into the technical analysis we must first take into account fundamental data around the US dollar! If the dollar continues to weaken we will see...
Evening traders
A buy signal has just presented on my charts for CADJPY long working on the 30M time frame.
In this pair I am working to the TP2 target with the stop loss set as it as appeared on this chart.
This is just shy of a 1:2 risk reward ratio.
At the bottom of this screen is the back tested results on this pair year to date. Staggering returns of...
Afternoon traders
Following a sell trade that didn't work out the strategy I am using has now presented a long trade on EURUSD which so far is playing out
Back tested results found at bottom of screen for this pair based on setting stop loss and following trend on the H1 timeframe.
For further information on the strategy I use please feel free to DM me.
USDJPY - Intraday - We look to Buy
Trend line support is located at 103.87.
The RSI is trending higher.
We look to buy dips.
Our bias remains bullish and further upside is expected to target resistance at 104.60.
Our profit targets will be 104.58 and 104.82
Resistance: 104.00 / 104.20 / 104.60
Support: 103.70 / 103.40 / 103.20
Hi friends,
EURNZD has been fairly stubborn and gone against technicals on the weekly and daily. We are now at the monthly up trend line, which I am expecting a strong support here to hold.
Most likely this month will close right on the up trend line and we will not see a movement north until December.
I still expect price to head back towards 1.7600 - 1.7700s...
GBP USD at resistance area and the top of the upwards channel. Look to enter sells at this area.
Entry @ current price area of 1.3327 or wait for trend line break to enter backside.
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
GOLD - 1 DAY - is on an upward trend! makes range in this area and should reject from Fibonacci 618 and rise again, first in the 1890 area and then 1930
I've just identified a short trade setup on the 1 hour timeframe of the EUR/USD currency pair as a result of the formation of a regular RSI bearish divergence. I'm looking to take a short trade on this currency pair once price breaks the price rejection candlestick which just finished forming on the pair's 1 hour timeframe.
