Price reached strong resistance zone after a nice upward move.
Also RSI reached overbought zone and we can see RD- in 4h TF.
We expect to see some correction from here(shown in chart).
Thanks for Reading
Good Morning traders! Today we bring you our analysis in USD/CAD. We want to show you what we are looking for in this pair.
🔸As we can see, the price is in a bullish channel and started a pullback after bouncing off the upper trend line.
🔸Now, it is in a consolidation process with no clear direction.
🔸What we are waiting for is a possible retest of the lower...
We should see BTC make a decisive move one way or the other by the end of the week. If the epic rally continues and BTC Dominance climbs higher, Alts will bleed.
Conversely, if BTC consolidates and BTC dominance falls, this setup will be invalidated or take much longer to play out.
TRX is in a downtrend. Chart is pretty self explanatory. TRX has lost the major...
Currently sat around our 152 whole number price, resistance is around 20 pips higher at 152.200, a lower timeframe structure break and retest would be ideal, seen some big extensions amongst most ***YEN pairs...
Even USDJPY is pulling back upside towards resistance, bearing in mind we were dovish off the back of the PC yesterday evening.
Good morning traders! Today we bring you a short-term analysis on USD/CHF, as it is breaking a key support zone.
🔸As we can see, the price made a clean break of the bullish channel.
🔸Since then, the bearish movement has not slowed down, and recently penetrated the bearish support zone.
🔸At this moment we see that it is making a pullback to the area. We must be...
Good morning traders! We spotted a very interesting area in GBP/JPY and wanted to share it with you with this analysis.
🔸As we can see, the price is in a bullish channel.
🔸At this time, it is facing the confluence zone between the Resistance Zone and the upper trend line of the bullish channel.
🔸The price is still bullish, but it is a potential reversal zone,...
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Broken support with ease last week, seen a nice retest of the underside (now resistance). Looking for a confirmed second test or resistance. Based on order details supplied, another selloff down to the breakout low would still offer 1:3R.
A break in excess would send NZDCAD sinking, as long as we can maintain this CAD strength in line with it's...
Good morning traders, today we bring you our mid/long term analysis in EUR/GBP.
🔸To begin with, we will base this analysis on the horizontal Support and Resistance zones.
🔸During the last few months, the price broke all the support zones that were in the path of the downtrend.
🔸Recently, the support that was at 0.86800 was broken.
🔸A few days ago, the price...
Good morning traders, today we bring you our long-term analysis on the USD/JPY pair, as we consider that it is at a decisive point.
🔸The price is against a Resistance Zone where every time it is faced it has found some kind of reaction.
🔸At this moment, it is slightly above, so we could consider that it is entering the buying zone.
🔸If this move is confirmed,...
GBP/AUD has broken out of a range in between 1.79130 - 1.79400, that is also a strong well respected area of resistance formed on the 4H timeframe and a more minor area of support formed on the 30 minute chart. The zones show very strong signs of bearish momentum stepping into the market.
Upon the breakout of support identified on the 30 minute chart, GA started...
Here is another nice clean, simple set up on GBP/AUD today. As you can see GBP/AUD has been trending to the upside for some time now creating consistent LH and HH along with a trend line where the market has created a low and then a new high 3 times now recently, despite the fact that the UK is in full national lockdown. Typically this means a BEARISH GBP, ...
I believe that price will retest the support zone at some point this year. At least five times since 2018 price has challenged at least 50% - 100% retracement. Price is currently in a resistance zone so I will look at a smaller time frame for entry when market opens.