4H Chart Explanation:
- Price made a pullback to the Ascending Channel.
- Price broke the Ascending Trendline.
- Now, it has potential to move down towards the Support Zone.
Check out our Weekly and Daily Analysis!
Yesterday the daily range was 32 pips whilst the 20-day ADR was 52 pips. Price missed the daily range hence I expect a decent price expansion of above today's 20-day ADR of 48 pips or at least hitting the exact range projection.
I am bullish bias for CADCHF hence I am looking at the liquidity pool at 0.74800-0.74880 and/or 0.74700-0.74600. If price enters into...
Price still trading inside last week's range / Friday's range. So far, it has been an "inside day" week as the price didn't even close above Friday's high or low.
I have identified several price zones that (based on my personal believe where recent turning points and/or zones that have equal highs or lows have clusters of retail orders) I believe institutional...
Risk : 0.8%
**This is not, and are not intended to be, an offer or solicitation to enter into any forex transaction, or any type of trading or investment advice, recommendation or strategy
AUDCHF was in a downtrend with lower highs and lower lows and we have reached a major support zone on the daily chart.
We are now seeing a possible exhaustion of the downtrend since we are not making lower lows and lower highs. Wicks and engulfing candles also indicating where the buyers are stepping in.
I would like to see a break and close above 0.6675 zone....
EURCHF is basing at an important support zone. Has had a prolonged downtrend and is now not making new lower highs and lower low.
Watching for a break above the 1.0915 zone here. Be wary of the wicks at 1.0950 as well.
In connection with the expectation of the devaluation of the dollar on all (except of ruble) fronts, I’m starting to slowly work out options that are corrective with this hypothesis for all currencies.
Frank, in principle, is marked down without any problems. If you thought to short this pair, now is the time. The stop is indicated by a red level and the take is...
0.79500/0.78700 zone - Major resistance respected since the impulsive move in January 2015 and since May 2018, the price has been going below this resistance.
This indicates that demand is dropping.
There will be publications in lower time frames soon as the reaction of price is been monitored.