FX618Analysis

FX618Analysis Updated 

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 POSITION: BUY/LONG RR: 1:1 The trendline was broken and now the price will likely aim at 1310.00 level where an established high is present. should the price breach that level we could opt to take this...

FX618Analysis Updated 

Have a look at the main chart, where the pennant on the weekly pattern has been broken!. At the moment both technical and fundamental factors are with this trade setup and the price will likely target the next support that lies at 0.64000 level. The above link leads to the trade setup details on this pair. Please read the related ideas section too on the...

FX618Analysis Updated 

Have a look at the above link for the analysis behind this trade setup. Entry level: at around 77.400 STOP LOSS: 80.300 TAKE PROFIT: 74.500 RR: 1:1 With Trump threatening fresh tariffs on Chinese goods imports, the aussie made a gap down there by breaking the trendline and looks to set to continue its downward channel move! shall there be any updates, i will...

FX618Analysis

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...

FX618Analysis

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...

FX618Analysis

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...

FX618Analysis

The main chart shows the daily timeframe perspective of the black gold (WTI) in which it can be seen that the price has been confined in a channel respected on multiple occasions! The red horizontal lines represent the nearby support and resistance levels drawn from the monthly charts. Technically should the channel break (the daily candle closing convincingly...

FX618Analysis

The main chart shows the monthly TF picture of the AUDCAD pair. Here as seen the price is confined inside a triangle which has been respected on numerous occasions. Additionally the red lines represent the nearby support and resistance levels drawn from the monthly charts. For A SHORT scenario to take place, the price must breach the triangle and the monthly...

FX618Analysis

The chart shows the weekly TF where the price is confined in a well respected triangle! The nearby red horizontal lines are the concrete support and resistance levels taken from the Monthly charts. Currently should the price break the triangle to the downside, we can expect the price to fall towards 79.000 level, On the flip side should the price break to the...

FX618Analysis

Have a look at the main chart of the weekly TF! Here we can see that the price has been confined in a downward channel. The nearby green horizontal lines represent the concrete support and resistance levels drawn from the Monthly charts. Shall the current ascending trendline inside the channel break, we could see the selling pressure build up towards the crucial...

FX618Analysis

Looking at the chart, the monthly TF gives an overall technical perspective to where this pair might be headed. the three green lines are concrete support and resistance levels traced from the monthly charts. Shall the current or future candle (Monthly candle) close below the 73.000 level (green line support) we can confirm that the triangle has been breached and...

FX618Analysis

Finally the H&S PATTERN has been completed on the daily charts and price has HIT the ascending trendline support that had been in the region of 1270.00! Therefore now the question remains, WHERE WILL THE YELLOW METAL HEAD NEXT? Be noted that the price has already HIT the ascending trendline where a lot of BUYERS AND SELLERS will fight to take control of the...

FX618Analysis

The black lines on the weekly chart represents the concrete support and resistance levels drawn from the Monthly charts. Currently the price is at 97.00 mark and should this weekly candle or the next close convincingly above the 97.00 mark we are likely to see DXY push to the next resistance level that is located at around 100.00 level. Although there is a...

FX618Analysis

Have a look at the main charts, where the blue horizontal lines represent concrete support and resistance levels drawn from the monthly charts and they represent where the price might head next after the breakout occurs. At the moment the price has been supported by an ascending trendline respected more than 5 times and a descending channel. Shall a breakout...

FX618Analysis

With the H&S Pattern completed sometime ago, this pair Hit the support that lied in the region of 1.11500, from there onwards it started a rally that went back and tested the neckline of the H&S pattern. With the eurozone economy slowing down, we can expect the price to drop again towards the lower end of the range. To do this, the weekly candle must breach the...

FX618Analysis Updated 

With the trade deal certain to be reached soon between the world's two largest economy, AUSSIE stands to benefit as CHINA usually purchase many raw materials from Australia and therefore we could see AUSSIE appreciate against many pairs. However in this case against the USD the gains might not be that high as compared to other safehaven FX pairs such as CHF and...

FX618Analysis

The CROSS (EURJPY) is currently confined in a descending channel on weekly timeframe that has been respected on numerous occasions and there also happens to be an ascending trendline that seems to be holding this pair. Have a look at the main chart of weekly timeframe to observe these two scenarios! Now thats the technical picture which is suggesting the price...

FX618Analysis

The main chart shows the price is confined inside a triangle and a breakout to either side might occur. The red lines are concrete support and resistance levels drawn from the Monthly charts. Should the breakout occur, we can expect the price to test either side of the red lines. Fundamentally the AUD would appreciate against the EUR due to trade deal almost...