FXtrades-gp

FXtrades-gp

TECHNICAL ANALYSIS: -Since the beginning of November, the price has been following an ascending channel, getting a small trend correction on the 24th of the same month, carrying on the same trend. -Strong volatility and momentum let the price pushes until it reached a resistance zone at about 1.21695, failing several attemps to break it (upbars with small body...

FXtrades-gp

TECHNICAL ANALYSIS: -Since the 2002 the price has been following a really strong trendline, bouncing on it and keeping the price over this level for 13 years. -In July 2015 the price broke the trendline during a clear downtrend, bouncing on the support level at about 0.70000 and failing any attemp to break the resistance zone at about 0.76402. -In January 2018,...

FXtrades-gp

TECHNICAL ANALYSIS: -For a long year, the market followed a clear side trend , bouncing between two really strong levels, a Resistance zone at about 0.74000 and a Support zone at about 0.68310, breaking it during a Downtrend in June 2018. -The price then started following a new side channel, using the support zone as the new Resistance zone until the beginning of...

FXtrades-gp

TECHNICAL ANALYSIS: -The price was moving in uptrend, strong volumes, high volatility and momentum confirmed this big movement, once it reached the resistance zone at 113.290, the level rejected it twice, make the market falling down. -The price then bounced two times on the support level at 113.802, creating a clear DOUBLE BOTTOM Pattern. During the second...

FXtrades-gp

TECHNICAL ANALYSIS: -Since the end of November, the price was clearly following an Uptrend, strong Volatility and Volumes pushed it up until it reached a resistance zone at 1.21685. -The market then started creating a DESCENDING TRIANGLE, bouncing twice on the support zone, base of the triangle, until the price was Oversold and it opened the day later with a...

FXtrades-gp

TECHNICAL ANALYSIS: -The price is actually following a clear ASCENDING CHANNEL, a few days ago a strong VOLATILITY makes the market still move up. -Once the market reached the resistance of the channel at 0.7576, it started moving in a side trend, keeping this quite movement for about one week. -The resistance rejected one more time the price and it started...

FXtrades-gp

TECHNICAL ANALYSIS: -During the previous days, once the market reached an important Resistance area at 0.7377, the price was rejected and not able to reach it again, it started going Bearish (several Candles with a short body and long shadow were potentially a sign of a weak market); -The price then bounced on the support level at 0.7021, during the second bounce...

FXtrades-gp

TECHNICAL ANALYSIS: -The support at 1.61624, a strong weekly level, rejected the price several time, moving the market a in side trend until the end of November; - The price then started a quick and strong uptrend, getting weak once it reached the resistance area. It rejected the market, moving it in a DESCENDING Channel, until it collapsed and broke our previous...

FXtrades-gp

TECHNICAL ANALYSIS: -Since the end of November, the market was pushing up in a really strong up trend, it lost his strenght only one week ago, when it bounced back on the resistance line at 1.21804; -It started then falling down following a nice Descending Channel, completed on the 10th of December, bouncing back on the support at 1.20702; -The price is...

FXtrades-gp

TECHNICAL ANALYSIS: -Since the 25th of November the market was following a strong Downtrend, keeping the price under the Exponential Moving Average 50 untill the 3rd of December; -The price then, reached a strong Support Area at 0.89000, moving the market in a side trend with a really Low Volatility; -Since the 9th of December, a fast decrease of volumes made...

FXtrades-gp

TECHNICAL ANALYSIS: -The price started following a long SIDE CHANNEL, constantly bouncing on the resistance and support. -At the beginning of December, a strong MOMENTUM pushed the price up in a Bullish Movement, reaching the point at 1.35000, historical level of support, it was several time a reversal point. -The price CLOSED the Third bounce with a clear...

FXtrades-gp

TECHNICAL ANALYSIS -SInce July, the market was moving in a clear Ascending Channel, reaching first the Resistance at 124.884, breaking it. After that the price started bouncing on the Resistance at 126.552, a strong weekly resistence, a reversal point several times in the past. The price created then a clear TRIPLE TOP, completed during the end of September. -In...

FXtrades-gp

TECHNICAL ANALYSIS -The price tested more times the resistance at 1.19436, a very strong weekly area that reverse the market several times -The price then, at the end of September, started a brearish movement, bouncing twice on the support at 1.16172, reaching again the weekly resistance at the beginning of November. -Since that moment, the market started an...

FXtrades-gp

TECHNICAL ANALYSIS -Since the end of July, the price started bouncing several times on a strong weekly support at 0.71273, until the end of September; -The price then, started collapsing again, breaking the support, making a clear Double Bottom Pattern, confirmed with strong volumes and completed on the 5th of November; -Few days of consolidation and then the...