GBPUSD has two possible scenarios. The first is to return of price above 1.2740 support, then today’s breakdown of support could be treated as a false breakout. The second scenario is the test of nearest support at 1.2570. Currently this support is further reinforced by the upper limitation of the triangle from which pair broke out in mid-April. Today’s session is...
USD/CAD has fallen sharply, but looking at the wider technical pattern, it can be seen that they did not cause any major damage to the upward trend. Currently supply has not even corrected the last part of the trend, which is growth in this year’s bullish channel. Price oscillates in the key area of the lower edge of the channel. On one hand, the prolonged...
AUD/USD – price since the beginning of June is growing in a very dynamic bullish trend. This is clearly visible on H4 chart. We can see here also a correction to earlier highs and setting a sizeable bullish pin bar. On the technical side, this is a clear sign of a continuation of the upward trend. So consider long position..
AUDNZD is in a interesting place on the chart. Third time in a row trend line drawn from last year’s lows was tested. In turn, looking on H4 chart, we have a large bullish candle followed by upward movement and yesterday a higher high was set at 1.0515. Currently, quotations are struggling with a dynamic support – 20-period SMA . If price manages to maintain...
USD/CAD has fallen sharply, but looking at the wider technical pattern, it can be seen that they did not cause any major damage to the upward trend. Currently supply has not even corrected the last part of the trend, which is growth in this year’s bullish channel. Price oscillates in the key area of the lower edge of the channel. On one hand, the prolonged...
AUDNZD is in a interesting place on the chart. Third time in a row trend line drawn from last year’s lows was tested. In turn, looking on H4 chart, we have a large bullish candle followed by upward movement and yesterday a higher high was set at 1.0515. Currently, quotations are struggling with a dynamic support – 20-period SMA. If price manages to maintain...
AUD/USD – price since the beginning of June is growing in a very dynamic bullish trend. This is clearly visible on H4 chart. We can see here also a correction to earlier highs and setting a sizeable bullish pin bar. On the technical side, this is a clear sign of a continuation of the upward trend. So consider CALL option.
As a result of yesterday’s declines USDJPY has overcome important support at 110.30. If declines are continued we would expect to close previous bullish gap and perhaps even re-test 108.25 area. It is worth noting that yesterday’s support was still not tested from the bottom (as a resistance) and now coincides with the 38.2% Fibonacci correction from previous...
Gold just broke out of an 11-month long trendline. Right now Gold is testing the important $1,300 level. If the current level is not broken, then Gold would create a double top pattern which would push it lower, back down towards the recently broken trend line. Momentum right now is bullish on the yellow metal, but as I stated above, it could find resistance at...
AUD/USD – since the beginning of June demand is in power, leading to extremely dynamic growth. Currently a bullish pin bar is created after few hours of flat correction . Price setting new high confirms a strong upward trend. So it’s time to consider long position.
AUD/USD – since the beginning of June demand is in power, leading to extremely dynamic growth. Currently a bullish pin bar is created after few hours of flat correction. Price setting new high confirms a strong upward trend. So it’s time to consider long position.
Gold just broke out of an 11-month long trendline. Right now Gold is testing the important $1,300 level. If the current level is not broken, then Gold would create a double top pattern which would push Gold lower, back down towards the recently broken trend line. Momentum right now is bullish on the yellow metal, but as I stated above, it could find resistance at...
As a result of yesterday’s declines USDJPY has overcome important support at 110.30. If declines are continued we would expect to close previous bullish gap and perhaps even re-test 108.25 area. It is worth noting that yesterday’s support was still not tested from the bottom (as a resistance) and now coincides with the 38.2% Fibonacci correction from previous...
On H4 chart of GBP/JPY we have a very clear situation. Price falls in a descending channel , and subsequent corrections end in the region of the previous low. This makes the chart very technical. Currently such a clear state can be spoiled by parliamentary election in United Kingdom, which may distort such legible quotes. As for the price action itself – we are...
As a result of overnight falls USDJPY broke important support at 110.30. If declines will continue we expect closing of the bullish gap from April 24th and perhaps even re-test of 108.25 area. It is worth noting that recently broken support was still not tested from the bottom (as a resistance). Such re-test would be a good opportunity to join declines. In short...
GBP/USD – on H4 chart we see slow growth after reflection from a clear support. Currently the upward movement sets new highs, what may suggest continuation of growth to earlier highs. In this context, consider long position.
GBP/USD – on H4 chart we see slow growth after reflection from a clear support. Currently the upward movement sets new highs, what may suggest continuation of growth to earlier highs. In this context, consider long position.
As a result of overnight falls USDJPY broke important support at 110.30. If declines will continue we expect closing of the bullish gap from April 24th and perhaps even re-test of 108.25 area. It is worth noting that recently broken support was still not tested from the bottom (as a resistance). Such re-test would be a good opportunity to join declines. In short...