Hello Traders, #ForexFargo checking back in! Today our analysis is on #AUDUSD. The overall trend is Bearish, although we've had some Bullish momentum today. Last week's price plummeted from our previous structure level of 0.71000 shooting down toward our 0.70000 region... which we haven't seen since Mid December. Since that big move, we've seen a change in...
There is a upwards channel, and it can't seem to break the support, as the 4 wicks have touched the support. A tight stop loss can be placed under the wicks.
Hello Traders, #ForexFargo checking back in! Today our analysis is on AUDUSD. The overall trend is now Bullish. This post is a continuation of the post linked below. Price since then, has broken through our Daily Support Level of 0.71000. We are now approaching our Weekly Resistance Level of 0.71500. I expect price to break past the resistance level today...
Good Afternoon Traders, ForexFargo checking back in! Today our analysis is on the DXY index. The overall trend for this pair is seems to be Bullish, however with that being said, seems that the Dollar could run into some exhaustion this upcoming week. Right now, we can see price playing ping-pong between Monthly & Weekly- Support & Resistance Levels. Price...
Good Afternoon Traders, Forex Fargo checking back in! Today our analysis is on USDCAD. The overall trend for this pair seems to be in a slow Bullish incline. With that being said, there seems to be a potential for a VERY good Long Swing Position if entered correctly. My prediction is that from a 4H and Daily TF, you are able to see what looks like an...
The first time I've actually looked at Oil but let's see how this goes, as the structure corresponds with fib levels it would be interesting to enter a short indicated by the first green line, a long wick candlestick previously reached this region before a reversal, if Oil can break below I think there is potential to hit the following green lines. Market...
Good Afternoon Traders, about an hour before market open. ForexFargo checking back in. Today's analysis is on USDJPY. The overall trend for this pair is Bearish. Price seems to still consolidating between Weekly Support and Resistance Levels for the Past 3 weeks, so a big move is to be anticipated coming shortly. In the meantime, this leaves us intraday...
Good Morning Traders, ForexFargo checking back in Today our analysis is on AUDUSD. The overall trend is Bearish for sure. However I see a potential set up for start of next week if price continues Bearish toward of Support Level. Price on this pair has been consolidating for the past 5 weeks, ranging mainly between support and resistance. Weekly Resistance...
Good Afternoon Traders, ForexFargo checking back in. Today, our analysis is a continue of our previous post regarding AUDCAD falling down. As price approaches our Support Level of 0.94500, I see an opportunity to buy this pair as it has been in Heavy Consolidation between support and resistance weekly levels. My resistance level is set for 0.95750. I am...
Hey Traders, so I banked a few pips early today from the initial push that got us into the 110 region with this pair. I am now thinking that we will have another push before market close to get us back toward that 110.150 region right before Asia Session. I have my weekly Support Level at 108.500. I have weekly Resistance Level at 110.150. My thoughts are...
Hey Traders, sorry have been away for a few days. Today, our analysis is on AUDCAD. This setup will take a few days, so be patient as I am posting this before the start of the trading week. AUDCAD has been in HEAVY CONSOLIDATION since the beginning of January 1st. 2018. I have marked off my Weekly Resistance Level at 0.95750. I have marked off my Weekly...
Hey Traders, #ForexFargo checking back in! Today our analysis is on AUDUSD. This pairs overall trend is Bullish. However there is an opportunity for us to short when price reaches our level of 0.72800. I have set new Weekly Resistance and Support levels as we are now in a new month. I have also marked off on the chart that I believe this price action...
Good Morning Traders! Today our analysis is on USDJPY. The overall trend for this pair is Bearish, however I see a potential for us to collect a few pips. Based on my analysis, prices on Friday had soared to 109.996. With a Friday low of 109.260. My analysis is that right now price is just retesting the 109.350-109.550 region before creating a big move back...
Good Evening Traders... Marcel checking back in. Today our analysis is a continuation of last week's analysis on USDJPY with the overall trend being Bullish. Today my analysis is that we will retested to this 109.550 region through the Asia and London session and during the start of NY session the price will shoot looking to set a new previous daily high as the...
This is my analysis for UJ we have to wait for the H4 candle to close above the support line, then we'll see the H2, H1 and 30M time frame for a entry to the upside. Just wait, be as patience as you can.
Trade the falling wedge breakout Failure to close below a key level and the 61.8 Fib Wicks don't lie