FX618Analysis

FX618Analysis

The 1.03000 level holds the key for this pair to reverse or continue trending northwards. As the price will likely approach the crucial 1.03000 level which has been respected on many on occasions, it is favorable for many traders to take advantage of this situation and possibly reap huge profits target with minimum stop loss. However keep in mind the certain...

FX618Analysis Updated 

TRADE TYPE: SELL WHEN THE MARKET OPENS AT AROUND 124.800 LEVEL STOP LOSS: 126.750 TAKE PROFIT: 123.000 RR: 1:1 TECHNICAL ANALYSIS With the trendline and channel on daily charts broken convincingly, the cross is aiming to test the next crucial support that lies in the 123.000 level! Price has already given the confirmation and the short trade can be executed...

FX618Analysis Updated 

The above presents the analysis for this trade setup. INSTANT SELL PRICE AT AROUND 067600 LEVEL STOP LOSS: 0.70000 TAKE PROFIT: 0.64300 RR: 1.35 SHALL THERE BE ANY UPDATES I SHALL PROVIDE THEM IN THIS THREAD. CHEERS AND GOOD LUCK

FX618Analysis Updated 

The above represents the analysis behind this trade setup. keep in mind our target set here is the weekly 50 EMA. Below are the entry details TRADE TYPE: INSTANT SELL POSITION AT AROUND 1294.00 LEVEL STOP LOSS: 1321.00 TAKE PROFIT: 1267.00 RR: 1:1 SHALL THERE BE ANY UPDATES I WOULD BE PROVIDING THEM IN THE THREAD. CHEERS

FX618Analysis Updated 

REFER TO THE ANALYSIS IN THE RELATED LINKS TRADE TYPE: INSTANT EXECUTION AT AROUND 126.840 LEVEL TRADE TYPE: BUY (LONG POSITION) STOP LOSS: 125.685 TAKE PROFIT: 128.000 RR: 1:1 SHALL THERE BE ANY UPDATES I WILL PROVIDE THEM HERE. CHEERS

FX618Analysis

The chart represents the Monthly support and resistance levels of the NZDUSD. A good technical analysis always starts by breaking down a bigger picture to the smaller ones. once you understand the where the price is at on longer timeframes, you will be more confident in your own analysis once you dwell into the smaller timeframes. i have been doing this for a...

FX618Analysis

1.65000 level represents the concrete support level drawn from the Monthly charts, which has been clearly rejected and the price now aims at breaking the channel that it is confined in and close above the daily 50 EMA! A convincing close above daily 50 EMA needs to take place, thereby giving further confluence that the price is headed towards the 1.69000...

FX618Analysis Updated 

TRADE TYPE: INSTANT EXECUTION AT AROUND 125850 LEVEL TRADE TYPE: BUY (LONG POSITION) STOP LOSS: 123.875 TAKE PROFIT: 128.000 PRICE HAS ALREADY CLOSED ABOVE THE DYNAMIC RESISTANCE OF DAILY 50 EMA GIVING ME ENOUGH CONFIRMATION TO GO LONG ON THIS TRADE. Furthermore The EUR is likely to appreciate soon against the USD because of incoming USD weakness. The price is...

FX618Analysis Updated 

TRADE TYPE: PENDING SHORT ORDER SELL LIMIT PRICE: 110.518 STOP LOSS: 110.964 TAKE PROFIT: 110.072 REFER TO THE RELATED LINK FOR THE TECHNICAL AND FUNDAMENTAL IDEA BEHIND THIS TRADE SETUP. I SHALL KEEP UPDATING IN THE THREAD BELOW. CHEERS

FX618Analysis

As seen, GOLD is trapped in a range bound trading and is currently en route to the crucial resistance level of 1370. However the real question lies whether the GOLD momentum can continue towards this crucial resistance amid a possible and likely RISK ON appetite in the financial markets? Today FED chairman Powell speaks which could cause intense volatility in FX...

FX618Analysis

With the potential Trade deal getting even closer among the worlds two largest economy and trump delaying the tariffs, The Australian Dollar may appreciate but NOT too much. In the analysis below i explained why the AUD is in for some benefit but DO NOT expect it rally should the trade deal be made! Same goes Fundamental analysis goes for the EURAUD however in...

FX618Analysis

With Tariffs delayed which were suppose to come into effect on 1st march and renewed optimism that a trade deal could be reached soon between the world two largest economy, Aussie could be in for a benefit! China usually imports many of its raw material from Australia and if a trade deal can be reached soon (which is a likely scenario) aussie dollar could make a...

FX618Analysis

With the crucial 97.00 area rejected and acting as a concrete resistance, DXY is showing signs of exhaustion both technically and fundamentally! Looking at the fundamental picture, the FED has already signaled that its pausing its rate hike, moreover the trade war among the two largest economies in the world is just putting to much pressure on the greenback. FED...

FX618Analysis

Oil is the main driver behind the CAD pairs and with the OIL market slowly recovering aided by the sanctions on Venezuela's OIL exports by the US and the cooperation among the OPEC AND NON-OPEC Producers. Many see the OIL market recovering in the near term and to further strengthen the technical picture, there is an already completed head and shoulders pattern on...

FX618Analysis Updated 

Price has approached a crucial resistance level. triple top formation also happens to be present there. On the 4hr charts, it can be seen that the trendline has been violated and breached the 4hr 50 EMA too. The price might slightly retrace towards the daily 50 ema where out take profit levels lies too. have a look at the details below INSTANT ENTRY AT AROUND...

FX618Analysis

Looking at the main chart it can be seen that the price is confined in a channel which is in a current uptrend! However a small pause is likely to occur before the long term price finds the right direction to trend again. Looking at the above 4hr charts, there is a rough head and shoulders pattern that is present and a break of the neckline which also happens to...

FX618Analysis

We are already shorting the USDCAD that is driven mostly by the prices of OIL. the chart just confirms that US OIL is set make significant gains soon as the head and shoulders patterns is nearly set for completion. Should the pattern complete we can expect the USDCAD to fall as well to around 1.3000 level. Its a great opportunity to trade OIL at the moment...

FX618Analysis Updated 

ENTRY LEVEL: 1.33000 LEVEL STOP LOSS : 1.35300 TAKE PROFIT: 1.30900 RR: 1:1 You may enter at around that entry level as long as your risk to reward is close to 1 Please see the related link or below link for the analysis behind this trade set up. i shall provide any updates to trade below in this current thread. cheers