Overall, USD/CAD is trending upwards. The recent downtrend was reversed by a strong upward move.
At the moment, USD/CAD is testing the resistance level of 1.33300. Its next support level is at 1.31800.
Overall, NZD/USD has been trending downwards for a long time. Recently, NZD/USD’s downtrend seems to be coming to a halt.
Currently, NZD/USD is bouncing-off the support level of 0.64000. Its next resistance level is at 0.65700.
Overall, EUR/USD is trending downwards. Recently, EUR/USD’s downtrend has slowed down.
Yesterday, EUR/USD tested and rejected the key level of 1.11. At the moment, it is heading towards the support level of 1.10400 and the next resistance level is at 1.12750.
BTC on the daily range
Each time Bitcoin has retested the RK1 (RyuKumo Level 1) support shown on chart on the daily it has respect and bounced off
Longer term daily chart has still maintained bullish since $3600 area
This doesn't mean to enter now as the +TR - Bullish Trend Reversal shown at $3600, but above the 0.294 fib and RK1 support then the bullish trend...
Overall, GBP/USD’s downtrend is coming to a halt. Recently, it has been ranging within a 200pips range, not giving a clear sign of direction.
GBP/USD is currently testing the key level of 1.21. It is moving towards the support level of 1.20000 and the resistance level of 1.22000.
Back with another tactical trade plan
Today we take a closer look at USDJPY that has just broke out from an uptrend momentum.
The overall trend is still bearish even though previous upside impulses had some impact but didn't change the overall sentiment.
Here my entry point is based on the retracement on the break out point.
If there is further...
Overall, USD/JPY is trending downwards. Recently, USD/JPY is trending upwards.
Currently, USD/JPY is heading towards the key level of 106. The next support level is at 105.000 and the next resistance level is at 107.000.
Overall, AUD/USD is moving on a downtrend. Recently, AUD/USD has been ranging below the key level of 0.68.
The RBA released their Monetary Policy meeting minutes for the August meeting this morning. In the minutes, the RBA mentioned that it is “reasonable to expect that an extended period of low interest rates would be required in Australia to make sustained...
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Hello again we can see a double bottom foramtion on eurnzd pair and we expect to see a bullish move after retesting on the neck line we take 100 pips of profit as usual and an sl on the bottom of double bottom shadows nice and simple and if you are going for the trade please use small lots on this
for more information please cvontact us on trading view or join...
this particular signal was sent to our channel on forth of jun.
simple but effective we had a bearish trend line so we drew a channel and waited for the price to touch the top line then we wait for another confirmation which is candle stick pattern and after an engulf candle stick we entered the trade. the stop loss would be at the top of the shadow of top line...
In the technical analysis of EURUSD, you can see that this pair is following the Bearish Trend and we have Support levels marked on it. those Support levels are pretty strong and very less likely to break but a break of that would take this pair to new lows, the first target would be around 1.08
Overall, USD/CAD is trending upwards. Recently, USD/CAD has started trending downwards ever since it rejected the resistance level of 1.33300 and eventually breaking the key level of 1.33 downwards.
Currently, USD/CAD is moving towards the support level of 1.31800 and the next resistance level is at 1.33300.
Overall, EUR/USD is trending downwards. The recent downtrend of EUR/USD was largely caused by the comment made by ECB’s Olli Rehn.
EUR/USD is currently testing to break the key level of 1.11 upwards. It’s next support level is at 1.10400 and the next resistance level is at 1.12750.
Overall, GBP/USD is on a downtrend. Recently however, GBP/USD has been trending upwards due to the positive British retail sales data.
GBP/USD is currently moving towards the key level of 1.21. Its next support level is at 1.20000 and the next resistance level is at 1.22000.
#Gold is showing bullishness on multiple timeframes.
- The monthly chart is forming a 9 setup with a Recycle Flag which indicates the momentum is very strong and the underlying bull trend will intensify.
- The Weekly chart is confirming the nascent bullish trend: A bullish Sequential Sell countdown has started and currently on a bar 2/13.
- The daily chart is...