28th of June: Just 2 days ago we sent out this analysis expecting a drop down to 1,1850. Everyone who managed to get in can now collect profits or at least move their stop loss above the most recent high. If you currently don't have any active trades, I would say it's better to wait. Today and tomorrow will give us a clear picture of where the pair will be...
24th of June: "In case price breaks below 1,3920, we could expect a further move down to 1,3800." Yesterday we saw GBPUSD reaching the 1,3812 before the pullback. There's still a downside push and we expect to see price testing the 1,3800 level. We should close part of our position as soon as market reach this level and then possibly look for another entry...
22nd of June: "Last week we've had a clear downside move on AUDUSD. Right now it looks like this move will continue and we're looking for a possible entry. " Price reached the resistance zone and it bounced off. That looks like an appropriate moment to get into a short position. However, this move is still kind of weak and so we could see another pullback...
Exactly 10 days ago we saw that price action on EURUSD slowed down and we expected an upside move. However, this upside move doesn't have enough strength to continue. During last week we saw this pair testing the 1,2000 level multiple times, but every time that was followed by a downside push. Right now, EURUSD is holding inside of the 1,1918-1,1970 zone and...
1st of June 11th of June 16th of June Those are the days on which Gold formed highs inside of the current downtrend. There's a few more days left of the second quarter. And that's when we could usually expect reversals! Right now Gold is trading inside of the zone of 1763-1794. While it's inside of this zone we would rather not trade. We're going to be...
On 21st of June the pair formed a bottom but then started climbing to the upside. You can notice that price action is weak and every next upside push is weaker than the previous one. That puts price action inside a wedge. This is a very strong pattern which shows that a certain move is coming to end and it gives us selling opportunities. We will have...
Is it time to buy the EURUSD pair? To give you an answer to this question, let's see how we got here. This is our analysis from 18th of June and 22nd of June Price found support in the zone of 1,1850 and it then broke outside of previous high. But in order to have a reversal, we need to see even higher values than current price level. This upside push still...
Yesterday EURUSD failed to break above previous high, showing us that price currently doesn't have enough strength to continue higher. Now we have to see in which direction it will break out. In case of a break above previous highs we would expect price testing the resistance up at 1,2000. But if we see market below previous lows then we would expect price...
Last week we've had a clear downside move on AUDUSD. Right now it looks like this move will continue and we're looking for a possible entry. This could happen later on today. We could consider a candlestick pattern formation inside of the zone as a good confirmation and this will give us our entry signal. We're expecting another downside push and price...
While we are waiting on the major pairs, here we could have a very nice opportunity. EURCHF is moving fairly slow and it doesn't make any big moves. However, right now it looks like a decent entry opportunity. We are currently on a Daily chart and we can clearly see the triangle from last year which has been completed. This gives us a serious support in the...
In the last few days we saw a sharp drop on EURUSD. We can see a strong USD pretty much everywhere after the news from FED. Price has now reached significant support levels and it's important what will happen next. On EURUSD we're expecting a test of next support level in the 1,1850 zone, where we could see price slowing down and possibly going back up to...
GBPUSD reached 1,40. At the same time EURUSD is at 1,20 After the FED interest rate decision yesterday, we saw a stronger USD and a sharp drop on both these pairs, which took price to their support levels. Right now those moves could continue to the next possible levels, but we expect it to end and therefore price will reverse and go back to the upside. We...
Today is the most important day of the month for the future movement on EURUSD. The interest rate decision and the comments during the press conference will couse big moves. It's clear to everyone that there won't be changes in the interest rates but comments about any possible future changes will affect price immediately. Our expectations: a downside push in...
Do you remember the analysis from last week on GBPJPY? Now we have a breakout! There is a higher low and now a higher high. We expect that the upside move should continue and we should see price at 156,07!
One of the most defined trends this years is the one on USDCAD. Right now we see price breaking out of previous highs. That means there's an opportunity for a test of the next resistance. The main one is 1,2255 but before market gets there, we have to see it above 1,2190 first. The upcoming news this week will affect price quickly. Any entries before that has...
Another opportunity on GBPJPY. While we are waiting for GBPUSD to breakout of the range that it is currently in, here we have a clear situation. We are in an uptrend on the higher timeframes and there could be a continuation. There was an impulse upside move yesterday and a breakout above previous highs would be a good entry point. We are expecting at least...
Right now we don't have any trading opportunities on the major pairs. That's when we look at the cross pairs instead. Here we have a nice downtrend which successfully breaks below previous lows. Now on another breakout and retest we expect to see another downside move. The first support level here is 1,2600 followed by 1,2570. Choose the lower target, but...
Today Bank of Canada will publish their interest rate decision. We don't expect any changes, but there will be moves in the market! Last time in April, the interest rate remained unchanged, however there was a 150 pips move in the first hour! That's why we should expect moves today. USDCAD is currently trading sideways, which is very likely to end today....