In the coming weeks ahead we could see a head and shoulders form as the US economy gains strength. More vaccinations and easing of restrictions is signaling a strong finish to the year for USD. For AUDUSD, the price has been floating around .77 as previously covered, and now looks to be testing the shoulder line. If we confirm a breakout then this may change.
This pair has been trending up and on the higher time frame, there is still clean range to the upside for this pair to move and fill. With the evidence of a bullish pennant, i believe this pair to be pushing up further more to fill the range marked by the green lines. I also believe that according to the COT data, this week, the short move involving the CHF has...
This pair has been trending up and quite possibly could still be trending up, however, the market is currently at resistance evidenced by the trendline its touching right now. I expect the market to bounce off the trendline and move to the support area evidenced by the blue rectangle before continuing to the upside. What are your thoughts on this pair?
Expecting the bulls to come in from this consolidation outside the descending channel.
CADCHF reaches its weekly trend resistance. a selling opportunity with a good risk-reward ratio.
EURCHF testing its broken trend line and upper trend line resistance. a good position to sell
GBPCHF weekly resistance at 1.30000 a good opportunity for short.
Cadjpy D1 Sell @ 85.690 SL @ 86.340 Tp @ 83.492 Use Proper Risk Management
Key chart levels are important technical levels at which a financial instrument could face increased buying or selling pressure. Traders look out for key chart levels to place their buy and sell orders around those lines, which accelerates price-moves and increases volatility when the price reaches those levels. When looking to sell a currency pair, traders can...
Long this pair now. Hold with patience H4 chart long oppurtunity
Well, this pair has been trending to the upside, in fact it seems to have reversed direction into an uptrend but before that happens, a retest of the now broken 200SMA on the daily chart, has to happen before we can confirm an uptrend. Looking to take advantage of the existing opportunity as soon as the market breaks 0.92805 areas and closed below on the 1hr. The...