We saw positive news for the USD yesterday which gained strength. Then EURUSD broke below its previous low on the hourly chart. Other important news are due today - NFP. We expect to see some moves once the numbers come out, but it's more likely to see another push down to 1,2065. DO NOT use a big lot size during news. *This drop in price on EURUSD is not...
We are looking at the hourly chart on the GBPUSD currency pair. Price has been moving in a range of about 100 pips for 3 weeks now. Yesterday we saw another push of the support zone and an upside impulse. This tells us that price most possibly will reach the resistance of the range. If market reaches the resistance we want to see if there will be a breakout,...
The uptrend on Gold has been going on for exactly 2 months now, without showing any signs of weakness. However, now we see deeper corrections and less of an upside moves. That's why we will be looking if there will be a close below previous low. Values lower than 1890 will mean, that we could see an additional downside push and market possibly reaching 1873...
Like we've said before, we have an uptrend on all timeframes here on this pair. Today we will have more buying opportunities. We suggest that we see a breakout of current resistance at the 134,00 zone. This will send price up to 134,28 and 134,72. Use the higher target level, but make sure to look out for price reaction around the 134,28 level. Entries...
We have a confirmed and strong downside move on USDCAD. Market tried breaking above on multiple times, but it then pulls back very quickly. The way price closed just now indicates for a breakout, which most likely will be in the main direction. If we get a close below previous low or a breakout of the triangle, we could expect to see market down at 1,1955! At...
On GBPUSD price is currently in an uptrend on all timeframes. Right now, the pair is at significant resistance on the Daily chart, where we expect a breakout. There were comments yesterday on BOE possibly increasing the interest rate, which led to this upside impulse. And this move could now continue to 1,4258 and 1,43 You could enter now with a lower risk...
The downside move on USDJPY which was on the H1 timeframe has now ended. Yesterday we saw a breakout. Price is now testing previous highs, which we expect to act as a support and to send price up. We expect that price should reach 109,55, after this breakout. Watch out for the close of this candle - if there is a bullish candle, then you can make an entry....
One of the most established uptrend on the higher timeframes is currently this one on AUDUSD. It looks like now we have a breakout of the consolidation on the H4, which gives us the opportunity to look for an upside move to previous resistance at 0,7873. If the impulse continues there is a big chance that we can see another breakout and even higher...
EURJPY is currently in an uptrend, and that's what we see on every timeframe above the H1. That's why we will wait for an end of the consolidation period and therefore expect another upside move. It looks like this will happen soon. A close above the 133,05 level will be the first sign. Once it happens we can get involved in the next move which should continue...
After an upside impulse in the beginning of the year, the USDJPY began a sideways move. We are now looking for a breakout opportunities, that will create another momentum. In this case we are on the H1 chart and price is forming lower highs and equal level lows. We expect to see a breakout of the trendline and previous high. This could send price to the 109,70...
Gold continues climbing and it looks like, now it's gaining strength for it's next upside move. The lower highs and higher lows suggest that we will see a breakout today and possibly an impulse in the direction of the breakout. As we are currently in an uptrend, there is a higher probability that we will see price breaking out in the same direction. That means...
In the beginning of the month GBPCHF managed to breakout of it's downtrend. Now we see lower highs and higher lows, which closes price action inside of a triangle pattern. We are now waiting for a breakout and an upside move. A confirmed breakout would be price closing above previous high, and then we can see price reaching 1,2900! Any entries before that are...
If we are looking for a currency pair where we have the same trend on all timeframes, it will be USDCAD. Right now, we have a trend continuation opportunity on H1. If market continues, then we expect price reaching 1.2022 (previous low) and 1.1959 levels. It is important to note that we are currently at the lowest levels since 2015 and on weekly support. This...
The uptrend on EURUSD continues and again reaching the resistance up at 1,2170. It looks like this time market will have enough strength to break above and continue to 1,2250. We would have a good entry opportunities once price breaks above and comes back for a retest. That will give us better risk to reward ratio as well as greater success probability.
At the beginning of last week we saw a decline in AUDUSD. It seems to be over, as we have a break above the trendline and previous peaks. The downward trend of H1 ended with an inverted head and shoulders. We now expect an upward movement to start, with the first resistance being 0.7811. The ultimate goal is to reach 0.7887
GBPUSD is currently in an uptrend reaching the 1,4167 a few days ago. This is a serious resistance for price and that's why we saw a correction. Now it looks like there will be another try for a breakout. As of right now we could look for entries with the idea for a retest of resistance, and then we will follow price action to see if it will actually...
This is the hourly chart on USDCAD. Here we can see that price broke outside of this H1 trend and if it goes above 1,2137 we will have a reversal. This will confirm an upside direction and market reaching 1,2240. At the same time we have a reversal candle on a Daily chart which also confirms this direction. On a Monthly chart you can see that price is...
There is a very nice downtrend on the hourly chart from the end of April. We can see price slowing down, weaker lower lows and even a breakout of resistance. We already have a break above previous high, which gives us a signal for an upside move. Usually the EURCHF pair isn't known for making big moves, but if we are looking for percentage gain, then it...