Hi Traders! The market started to rally on 10th October really fast. It started at around 1.22100 and rallyed until the resistance at 1.30000: That is around 800 pips in one week! Because of that speed, the volatility increased and then the sellers came in at 1.30000. They were pushing the price lower and now the market tries to go up again. Our expectation is...
Nice little rising wedge forming with resistance around 1.28477, also candles are weakening at the top of the wedge. Would wait to see if it breaks the resistance although I think it will.
MMM continues to show weakness in the attempt to bottom. Currently, the trend is at risk of continuing to move downward. The stock has failed to break through weak resistance in recent runs upward.
Tomorrow Open and Close will be Cruical as Bearish pennant Broken and lower channel is likely to break. Watch and trade carefully as key support levels are evident.
As you can see with my indicator i can see the support and resistance, Bounced perfectly from LTF support and touching LTF resistance, now in consolidation. Will break? I think a pullback before the next leg up to 11k. Place your stop loss, if you're waiting your entry just put some orders from H4 MA20 and MA10.
AUDCAD pair is weakening for the last couple of weeks and a recent pullback from previous low at 0.8889 is now ready to fall again. This time probably re-testing 0.8889. Partial profit is set at 0.89379 while a stop loss is at 0.90577. Risk/Reward for this short trade is 1:1.3 PLAN YOUR TRADES AND TRADE YOUR PLANS
Due to Turkish holiday TRY will be traded weakly until Thursday. At these times, values can be more volatile. We can clearly see the bullish pennant formation on USD/TRY. Tomorrow we have to carefully watch the value. If it will break the pennants resistance, value may go up to 5,62-5,65 channel. We can see that there will be a steep movement from the narrowed...
fundamental weak NZD with a strong CHF. longer term trade, use proper risk management I do 300-500 pips per week. Check my bio.
Hello all - DuncanForex here with another trade idea With USD starting to realise weakness across the board EURUSD has flow higher Whilst GBPUSD has continued sideways due to GBP weakness EURUSD is doing well and continuation entries have supported this driving higher today. XAUUSD is a winner if you are in it (I'm not due to an overnight retracement...
Hello all - DuncanForex here with another trade idea Following todays price action, I think the market has printed a Bullish Gartley pattern on the 1 hour chart. If the highs get broken , then my Buy stops will activate. I am looking for more USD weakness , however looking at correlating pairs USDCAD is very bullish and therefore could lead to more USD...
in up coming week , we might have nice Short setup in Dollar Yen pair.
Continued Euro weakness and uncertainly may strengthen the Yen. Technical trendline break is a possibility if the pair close below for the week. Considering cloud analysis, its still very much bearish but it is at a level of support which may stall the move down. Will have to wait for price action to indicate otherwise to proceed with long sell of the pair. If...
Hello all - DuncanForex with another trade idea. With Gold finally taking it's second leg higher this afternoon - (please see related trade below) - I am in turn expecting JPY to gain strength. if the inside day is printed tonight on USDJPY, I can see JPY gaining strength overnight and USDJPY falling lower rapidly (may even gap after 22:00 BST with lack of...
Hello all - DuncanForex here with another trade idea Following a strong NFP number on Friday, USD headed lower, however at present I am still bearish the dollar overall. If USD weakens tonight through the FED news, then I will keep this view. If USD makes new lows on XXX USD Pairs and highs on USD XXX pairs, then I will change my short term fundamental view and...
Hello all Following the pullback over the end of last wee into this week On the daily time frame, we now have a double bottom, forming. Along with divergence on the RSI Yesterday's daily candle was broken on the high and after a retrace to previous resistance (now support) - AUD has gained strength again back to near highs of the day (so far) I entered at...
The resistance at 1.26681 becomes weaker and weaker. Maybe the market is making a new trendline? (blue lined) It gets support of the 200 MA too! Still we wait and we are neutral. Will it brake 1.22681? Leave a comment! Best wishes!