USCAD is moving in a descending channel, We expect the decline to continue after the dynamic resistance is retested. USDCAD is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I...
XAUUSD - 24h expiry The trend of higher lows is located at 2304. Trend line support is located at 2303. The primary trend remains bullish. We are trading at overbought extremes. Preferred trade is to buy on dips. We look to Buy at 2306.5 (stop at 2292.5) Our profit targets will be 2341.5 and 2347.5 Resistance: 2325.0 / 2341.7 / 2354.5 Support: 2316.8 /...
EURGBP - 24h expiry The primary trend remains bearish. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8455. We look to Sell at 0.8455 (stop at 0.8473) Our profit targets will be 0.8410 and 0.8400 Resistance: 0.8455...
EURNZD - Intraday Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Offers ample risk/reward to sell at the market. There is no clear indication that the downward move is coming to an end. 20 4hour EMA is at 1.7483. We look to Sell at 1.7482...
USDJPY is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the...
USDCAD - 24h expiry The current move higher is expected to continue. Risk/Reward would be poor to call a buy from current levels. Short term RSI is moving higher. A move through 1.3750 will confirm the bullish momentum. The measured move target is 1.3780. We look to Buy at 1.3725 (stop at 1.3700) Our profit targets will be 1.3790 and 1.3810 Resistance:...
AUDJPY - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Pivot support is at 103.00. Risk/Reward would be poor to call a buy from current levels. A move through 103.75 will confirm the...
ASX200 - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 7800 will confirm the bullish momentum. The measured move...
USDCHF - Intraday We look for losses to be extended today. There is no clear indication that the downward move is coming to an end. Short term momentum is bearish. 0.8884 has been pivotal. A break of the recent low at 0.8883 should result in a further move lower. We look to Sell a break of 0.8879 (stop at 0.8907) Our profit targets will be 0.8809 and...
EURNZD - 24h expiry Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 1.7597. We look for a temporary move higher. The sequence for trading is lower lows and highs. We look to Sell at 1.7598 (stop at 1.7648) Our profit...
EURJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. Indecisive price action has resulted in sideways congestion on the intraday chart. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further...
GOLD moving higher as it tests the strong resistance level.. is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the...
EURNZD - 24h expiry Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 50 4hour EMA is at 1.7683. We look for a temporary move higher. The sequence for trading is lower lows and highs. We look to Sell at 1.7683 (stop at 1.7733) Our profit...
On montly we had an upmove without FVGs. The previous month showed some rejection, but stayed inside: This gives us potential for a rotation into the middle. The weekly chart is still confined in the big downwards candle and took the previous week low. The current day close is clearly below the previously mentioned weekly low. This move was carried by clear...
CN50USD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 12400. Momentum is flat, highlighting the lack of clear direction. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 12500 will confirm the bullish momentum. The measured...
GER40 - 24h expiry The primary trend remains bullish. Price action continues to trade around significant highs. Prices have reacted from 18381. Previous support located at 18550. Preferred trade is to buy on dips. Our outlook is bullish. We look to Buy at 18520 (stop at 18420) Our profit targets will be 18770 and 18850 Resistance: 18670 / 18750 /...
Observing the ongoing build-up on the Daily-timeframe graph, it could be inferred that the price has been developing for potentially upcoming bullish moves. Having spiked below the local key level and grabbed liquidity, we might imply that a bullish wave is ready to commence. Thus, having set buy positions with the stop-out order below the recent liquidity wick,...
Judging by the Daily-timeframe build-up, we might imply that the price has nicely tapped into the liquidity region laying above the right shoulder of the recently formulated Head&Shoulders pattern, and now we are observing bearish moves in the destination of two zones - the pattern neckline and the 0.888 key level. Upon reaching the pattern neckline (0.9 region),...