About meBeen trading FOREX markets for 6 years now. Started with binary options and after realizing its just gambling i started learning forex and metals trading back in 2014. Ever since then i have picked a handful of experience. I often execute swing trades
Analysts at Westpac are recommending to sell NZD/USD pair at 0.6705 levels for the target price of 0.6500, while maintaining trailing a stop loss of 0.6800.
We expect RBNZ to cut OCR by 25bp to 1.25% on 7 August, and signal potential for more. We expect a follow-up cut in November to 1.0%, with a risk this is delivered in September, and...
Please have a look at the link below for the full analysis behind this SWING TRADE setup.
INSTANT ENTRY AT AROUND: 1.10100 level
STOP LOSS: 1.14200
TAKE PROFIT: 1.0600
TYPE: SHORT TRADE
Shall there be any updates to the details i will notify in...
Oh make no mistake, technically most of the EUR related are starting to show a strong bearish pattern. EURUSD could tumble to 1.09000 level in the coming months even on the back of a weaker USD!.
The above link is shows the analysis behind the EURNZD which has a potential to drop. However since many central banks are...
My interest in cryptocurrencies is second to none, however i thought of executing my technical analysis that i perform on Actively Traded FX pairs to BITCOIN. First of all i am a SWING trader, meaning i analyse my charts from monthly TF down upto daily or 4 hourly. My strategy relies on finding concrete support and resistance levels from the monthly charts to...
Have a look at the main weekly TF chart of EURNZD pair. From here its clearly visible that the price is confined in an ascending channel which has been held on numerous occasions. However at the moment the price seems to be too aggressive to the downside and has potentially violated the channel pending today's weekly candle close!
The four horizontal red lines...
Have a look at the main weekly TF chart which shows the price of EURUSD confined in a long term held and respected wedge! The blue horizontal lines are the nearby support and resistance levels taken from the monthly TF. Several months ago this pair formed a bearish H & S pattern on the weekly chart which was broken as the price started to accelerate downwards...
This is a monthly TF analysis of the yellow metal. The main chart shows numerous horizontal lines, these are concrete support and resistance levels taken from monthly charts. This year many people predicted the yellow metal to break out of its long term held range and it happened! After 1370 level was broken, the next hurdle was present at 1430 which held against...
The 3 horizontal lines visible in the main weekly chart of WTI are concrete support and resistance levels taken from monthly TF. Currently the price is at 60.00 and there is a descending trendline preventing the price from climbing further. From a technical perspective, once this trendline breaks, the price on the monthly charts must close above 63.00 concrete...
For the last several months we have seen the USD rise against all major currencies and while this was happening we were technically starting to get warning signs of BEARISH DIVERGENCE in the RSI! Fundamentally the US Economy remained strong back then with little worries regarding the trade war and geopolitical issues.
The markets thought that the economy wont be...
INSTANT ENTRY AT AROUND: 107.350 LEVEL
POSITION TYPE: SHORT
STOP LOSS: 109.500
TAKE PROFIT: 105.00
SHALL THERE BE ANY UPDATES I WILL PROVIDE THEM IN THE THREAD BELOW. BENEATH YOU CAN FIND THE ANALYSIS BEHIND THIS TRADE SETUP
As seen from the main chart, the weekly TF shows the price respected by a long term held triangle (black lines). The blue line...
INSTANT ENTRY AT AROUND: 1.31800 LEVEL
POSITION TYPE: SHORT
STOP LOSS: 1.34200
TAKE PROFIT: 1.29500
SHALL THERE BE ANY UPDATES I WILL UPDATE THEM IN THE THREAD. BELOW YOU CAN FIND THE EXPLANATION BEHIND THIS TRADE SETUP
The main chart shows the price confined in a upward slopping channel on the weekly TF which has been respected on multiple occasions....
ENTRY AT AROUND: 1.12600 LEVEL
STOP LOSS: 1.12000
TAKE PROFIT: 1.14000
On technical perspective the triangle has broken out and the price has retraced for us to go LONG here. The triangle breakout confirms that EURUSD is starting to consolidate and aim towards the weekly 50 EMA. With all the rate cut news going on and the US economy slowing, it should...
Now that The RBA has cut its interest and the economy not doing so well we could see this pair slump to 67 cents!
Bare in mind that the 0.7000 level is a very crucial resistance at the moment and any upward momentum is unlikely to happen as the trade war persists putting pressure on the AUD.
0.67000 level is another crucial support that has been drawn from the...
Have a look at the link below for full trade analysis behind this trade set up
INSTANT ENTRY: AT AROUND 1287.00 LEVEL
TAKE PROFIT: 1310.00
STOP LOSS: 1264.00
The trendline was broken and now the price will likely aim at...
Have a look at the attached link below for the full analysis behind this trade setup:
INSTANT ENTRY: AT AROUND 1.13200 LEVEL
STOP LOSS: 1.14700
TAKE PROFIT: 1.11700
shall there be any updates i will update them here below.
Have a look at the main chart where the monthly TF shows the price confined in a long term triangle pattern which has been respected on numerous occasions, especially the upside trendline of the triangle. The EMA 50 has been respected too in this case and shall the monthly candle close below the 0.67000 level, we have a very good chance that this price will likely...
Have a look at the main weekly TF chart of this pair. Its a very tricky pair to trade if you look closely at it but if you look at the monthly TF, you will notice the price is rangebound for quite some years now. The red horizonatal lines represent the concrete support and resistance levels taken from the monthly charts.
From the main chart, it can be seen that...
The main chart shows the monthly TF of NZDCAD pair from which it is visible that the pair is confined in a triangle. The red horizontal lines represents the concrete support and resistance levels drawn from the monthly charts. Should the triangle break (the monthly candle closing outside the triangle) we could potentially see the price target those red horizontal...