FX618Analysis

FX618Analysis Updated 

Have a look at the attached link for full analysis of this trade setup BUYLIMIT ORDER: 1.15000 LEVEL STOP LOSS: 1.14000 LEVEL TAKE PROFIT: 1.16000 LEVEL RR: 1:1 SHALL THERE BE ANY UPDATES YOU WILL FIND THEM BELOW IN THE COMMENT SECTION

FX618Analysis

Currently trading southwards the EURCAD is trading between two crucial levels represented by the red horizontal lines in the main chart. At the Moment nothing can be said as to where the price could be headed next although trend continuation southwards is a more likely scenario. Price may either reach the crucial support of 1.5000 level and from there on it might...

FX618Analysis

EURCHF has been in a decline for the past several weeks. The trend may just continue or it may change its course as the price approaches crucial support level of 1.11000. Currently looking at the weekly charts (the main chart) the price is trending down just shy of the crucial 1.11000 level. Ina few weeks the price is expected to reach that crucial support and...

FX618Analysis

The main chart represents the EURNZD weekly chart where it shows that the price has been stuck in a range. The red horizontal support and resistance are the crucial nearby levels that needs to be broken for the pair to start a new or continue the old trend cycle. Depends on what level is broken first then and only then it is advisable to trade this pair LONG OR...

FX618Analysis

The head and shoulders pattern on 4 Hour chart is completed although not that clearly. But it certainly shows that the price is likely to head Northwards. The neckline has been broken rather unconvincingly and together with the neckline lies the 4 hour 50 EMA which can often strongly act as potential dynamic support and resistance. For our trading odds to...

FX618Analysis

Oh the crucial 1370 level that is preventing the yellow metal from going any further up. already tested more than 8 times in the monthly this barrier remains a concrete resistance for the yellow metal rally. Now looking at this, GOLD is most likely set to accelerate towards that crucial resistance again, but will it break it this time and rally northwards? it...

FX618Analysis

EURAUD at the moment is providing us with both a swing and day trading opportunity which is still developing and might be complete soon. After hitting the strong crucial resistance of 1.63500 level not once but twice in a span of months the pair seemed to be headed towards the next support level that lies in the region of 1.55000. Have a look at the main chart...

FX618Analysis

Kiwi was not performing against the USD that good last year and this year might be the same case scenario too. Have look at the above Monthly charts picture for NZDUSD. There are numerous long term trendlines one of which was broken a few months ago signalling the kiwi headed south towards another long term trendline located at around 0.61000 level!. The main...

FX618Analysis

The above picture is the monthly charts of the AUDUSD pair showing the near by concrete support and resistance levels. The flash crash that happened few days ago has affected many FX pairs and as the evidence suggests the aussie has clearly rejected both 0.6700 and 0.7000 level in the process. As the support levels were rejected on the long term timeframe the...

FX618Analysis Updated 

Oil is the Main driver of the CAD pair at the moment and has been for the long time. OIL after slipping from the highs the previous is now on the track of recovery. This recovery can be observed in the technical picture as well as the fundamental picture itself. OPEC and NON OPEC countries have largely agreed to cut the OIL production. To support this argument...

FX618Analysis

There is no other FX currency that is harder to trade at the moment and has been for the past months as the GBP!. To put this into perspective, the GBP is so erratic that it has become technically unpredictable to trade. These days due to ongoing brexit talks this pair and other GBP related pairs have been affected drastically. In my personal opinion any trading...

FX618Analysis

As the trade talks begin today among the two largest economies in the world, this pair is looking at the outcome carefully. Any decision either good or bad can make this pair trade sharply. The Franc and JPY Often act as safe haven FX pairs when traders apply the risk aversion effect. GOLD also acts as a safe haven commodity too, but since switzerland's FRANC is...

FX618Analysis

Had the FED kept on raising the rates, this pair would have shot higher and higher, however the outlook for 2019 does not look good for the USD as the FED come under increasing pressure from the US president. Currently according to the projections of dot plot the FED plane to raise the rates 2 times this year, however this may not even happen due to many factors....

FX618Analysis

For a long while, EURUSD has been confined in descending wedge and currently hovering at the descending trendline of the wedge. By looking at the current weekly charts, the price shows thats its confined in a wedge. last year the price action formed head and shoulders pattern, adding to this the neckline was also broken to confirm the pattern completion. On A long...

FX618Analysis

This is a long term type 2 harmonic signal. our 38.2 Fib was hit and now the price is back to the pattern completion area. from here on we can likely expect the price to target the 61.8 fib retracement of the main swing. for the entry and exit criteria of the trade please refer to the main chart. you can take this trade short once the market opens.

FX618Analysis

See the main chart for analysis, entry, sl and tp level. if there are any updates i will update below

FX618Analysis

See the main chart for entry and the required tp and sl. any updates will be available when needed. please take into consideration the spreads of your broker and integrate them in the entry and tp sl details appropriately. cheers

FX618Analysis Updated 

Pattern is complete. i am awaiting certain technical conformation before taking this trade LONG. stay tuned for the updates on entry, tp and sl