Here we have AUDUSD , back in trader's favor after the recent comments from President Donald Trump and Trade Adviser Peter Navarro.
now that we have the pair trading within the range , we continue to trade it until it breaks, and currently am expecting a move to the downside.
USD CHF IS WITHIN DESCENDING TRIANGLE
MARKET IS BOUNCING FROM SUPPORT AND UNABLE TO MAKE HIGHER HIGHS.
PRICE EXPECTED TO FALL SOON.
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UR USD Weekly analysis, there is two confirmation to sell,
1- Rejecting the 200 EMA
2- Price is at 61.8% FIB Retracement level
If price moves upward then good chance to stay short. Price will retest the vertical support and that area will serve further direction .
Note: - Trading Forex on margin a high level of risk and may not be suitable for all...
DEAR PRICE ACTION IS STRONG FOR UPTREND
THREE CONFIRMATIONS :
1- CANDLE FORMATION
2- BREAK OF TREND LINE
3- fabo leveling calling uptrend
RSI LEVEL ( YET TO BE DOWN A BIT FOR GOOD ENTRY I BELIEVE)
wait for a good opportunity to go long/.
All the best
PRICE IS MOVING UPWARD A STRONG REJECTION CANDLE FROM SUPPORT AREA . TRADE BASED ON PRICE ACTION ON MONDAY CLOSING .
POSSIBLE MOVE OF PAIR IS UPWARD.
THIS IS NOT FINANCIAL ADVISE TO TRADE AND DONOT RISK YOUR MONEY WHICH YOU CANNOT AFFORD.
GBP NZD is at support level and within channel 4 hours timeframe
it is based on a key daily historical levels.
I believe that the price will start growing from the underlined zone!
Target will be achieved in next week upto 2.030
Do comments your ideas please