ForexTrade

ForexTrade Updated 

Price is not going down I as would like, but market remains negative and another sell opportunity should be around trend line. Above that trend line market will change its direction, at least for some time.

ForexTrade Updated 

EurUsd in the long term is positive, but at the moment 4 hour chart has a small bearish Flag. Break down from this flag and price should test previous resistance, currently support level at ~1.0950. At the same level long term rising trend line appears. At the moment I am still short at this market, but one more position below flag I am ready to take, with the...

ForexTrade Updated 

NzdUsd inside a consolidation (daily chart) and inside that consolidation small Flag is visible. Price should continue current positive climb up and next level is triangle's upper line. I do believe it can go much higher, but entry will be based on shorter term, so target should be based on shorter term as well. If price will close above that Flag, I am in. Risk...

ForexTrade

UsdCad is for sale, at this moment I am looking to sell around current trend line, if I will get a signal. If market will go above that trend line, it means that current consolidation is not over yet. Overall at this moment my analysis shows 1.2900 target in long term.

ForexTrade

NzdCad remains negative, my next selling level is around 0.9270, if I get a sell signal. Target is 0.8832.

ForexTrade

1 hour chart has triangle below negative trend line. Price now is trying to push above that line and if it will succeed, trend line most likely will get broken and some retracement will take place. At least to 77.00. CadJpy has already broke trend line, as UsdCad today started new journey to the south. Audjpy has similar picture as NzdJpy.

ForexTrade

Clear break of the Triangle on Weekly chart. Price has a really good chance to continue to the downside without interruption, but most likely it will bounce up to test 116.00 level (according to my opinion, that could be not true). At this moment I have an intention to start trading this retracement, if smaller time frame (1 hour) will give such an opportunity....

ForexTrade

AudNzd remains inside triangle and today's bounce up from the lower triangle's line should bring price up to test upper line. Break above upper line will put Bulls in control.

ForexTrade

At the moment USDCAD still holds its bullish momentum. There are few price levels where I would like to go short, because long term trend is down. First level for short positions is around 1.4033, next 1.4120 and, of course, on the break of the current short term positive trend line.

ForexTrade

Very risky trade. Price has been rejected from the upper channel's line and possible for price to go down and test lower channel's line. I expect price will go below that lower line and next target is 0.8941. Entry was done on smaller time frame, risk/reward very good, but it will require some patience. If price will drop today, I will be looking to add more short...

ForexTrade

On daily chart triangle is forming and break of the triangle will give a direction for this market. Personally I am on the short side. Break down from the triangles line should push price down to test a major support level at 1.0000. Break up from the triangles would start new positive trend.

ForexTrade

US Dollar index after yesterday looks weak, but in the long term is not done yet. This drop can be just a part of the retracement of the previous leg up 93.80-100.47. Index above 99.82, and it can continue to go much further. At the moment Bears are in control.

ForexTrade

UsdJpy on weekly chart has a nice descending triangle. Any chart pattern is not valid until it is in the middle of developing. Current situation can mean a continuation of the long term bullish trend, or reversal. Until price stays inside this triangle it is hard to say what is going to happen next. Upper triangle's line is now playing an important part....