hey guys This is the hottest pair in market as its average true range is around 150-200 pips a day.One of our member wanted us to analyze this pair & here we are. The pair is having a bearish divergence probably looking for a downside if some continuation is seen we would definitely sell this pair unless we see some upward momentum or visa versa.if the pair retest...
Hey guys, AUD/USD is marginally higher on Friday, still headed toward the third weekly decline in a row. The pair bottomed at 0.7367 before the release of the NFP report and then bounced to the upside. The recovery was capped below 0.7420.The pair is trading at 0.7410/15, 75 pips below the level it closed a week ago. The Aussie is about to post the lowest weekly...
Dear Traders, According to the current scenario, Seller have taken control over audusd pair after uptrend line broken and possibilty to lead the price towards 0.7228. If price reaches that level(0.7228) then Bullish bat will activate and take long entry to the price of 0.7450 from current price. There will be some retracement happen during this downfall. long...
Hey guys, A massive move southwards started on Friday evening as the dollar started to weaken with no clear direction.The pair has now completed its double correction & is headed towards the next support area where a break below would indicated further downside.If you guys missed the entry from the top the pair will give you another chance to enter so try entering...
hey guys, ~ I'm Anticipating A Wave southwards Due To The Price Action Of Last Week . ~ The Pair Made A Strong Impulse Followed By The Correction & These Strong bearish Impulse Can Be Traced on the Chart Indicating A Strong bearish Momentum. ~ The Price Broke The Trend Line or the rising wedge And The Middle Band Of The Bollinger. ~ As Of The Now The Pair can...
Hey Guys, The Cable likely to extend its bullish momentum on GDP figures.It has been rising from Mid March & soon you guys will see an exhaustion on this pair make sure we are ready to grab valuable pips.The pair major continued scaling higher and refreshed multi-month highs. Spot prices held above the 1.2900 handle as traders now look forward to the first...
hey guys just a general idea on the oil price, this week we found out that the oil prices are falling which is bad for the Canadian dollar. Canada ranks 1st in the production of oil. So this might weak the Canadian dollar for a Micro trend which is now heading north. Hopefully i think you guys caught the big move last week on the USD/CAD as it was shown on my...
Dear Traders and followers, There is an expectation that usdjpy price will react as per my idea. Most important price is 107.80, it should not break if happen so then structure will change. There is an expectation that Dxy price will approach double top or may break that level. Note: Everything works with Best money management. Note: Please leave comments for any...
Dear Traders and followers As we are observing that price of usdjpy is reaching in resistance area (b/w 112.20-112.80). so there is a possibilty of retracement to the price of 110.55, 110.05. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team
Hey Guys, The pair is currently trading higher with a gap towards the south that may be the major risk factor in the coming weeks.The question is will it fill the gap or it will just continue to rise ?.After a continuation pattern the pair posted some modest gains and is headed towards north.Moreover the French election would be a boast to the Euro or it can be...
Hey Guys, The kiwi reverses its gains, Having posted a session high near 0.6890 region, the NZD/USD pair ran through some fresh offers and drifted into negative territory for the fifth consecutive session.The pair extended its bearish slide through the course of current trading week and is now headed back to nearly 10-month lows touched in the previous session,...
Hey Guys, GBP/JPY continues sharp breakout flow on Thursday to hit its highest level since early-February, extending the sharp breakout move that has been in place for more than a week. This breakout was initiated last week on April 18th, after UK Prime Minister Theresa May called for a snap election to be held in June.This political move was undertaken so that...
Hey Guys ~AUD/USD is among the list which i'm gonna target this week. ~As you guys can see on the chart that pair is inside the correction structure with almost heading on the direction of 1'o'clock. ~We don't see any Impulse wave that breaks the previous high. ~We are definitely looking for a break southwards,with price hovering around the resistance area ...
Weekly Outlook 24-04-2017 - 28-04-2017 ~ Market opened with an expected gap witnessing France election & the Euro dominated the world.Now the point is will the Euro continue its run of will it fall. One cannot predict it from the current scenario As we need more conformation. ~ So talking about ideology on Eur/Usd is, this pair is going to fill the gap if...
hey guys ~any continuation to the down side will indicate a move towards south. ~ if you see a impulse instead of correction once it reached our target than wait for continuation on the move towards the north. ~ buy the dips or sell the bounce. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer:...
hey guys As you all are aware of the political risk that surrounds us every time let it be Brexit or maybe an upcoming Frexit we don't forget to find trade setups & we don't stop trading so lets grab the opportunity & start the week with positive vibes. Coming to the technicals we have a possible move towards the south in the DXY which we still think is active &...
Dear Traders and followers, I am anticipating that eurusd price will go to the price of 1.0866 after a retracement to the price 1.0680 and a possibile entry from 1.0866 that's a D" point of bearish bat and take tp on 1.0743. Ahead wait for price action. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade...
Dear Traders, There is lot of indecision in the market because of geopolitical issues and french election. As we are seeing price of dxy getting down very sharply but eurusd price is not rising in comparison. Currently,price is in bearish flag with abcde wave. E point will be most crucial point because if it breaks then it leads the price towards 1.0810, 1.0875,...