This week started with a impulse movement. Yesterday things calmed down and managed to form many models of technical analysis that allow us to trade. Triangles are currently forming in many places. But still a small part of them have broken through and started executing, so they need to be monitored. But the triangle at AUDJPY already has a break and has...
Yesterday we saw a drop of over $ 100 in gold. The reason for this was the news about the vaccine and the subsequent comments about lower QE from the Fed. This movement seems to have the strength to continue. The first goal it will have for today is $1857. If manages to overcome this level, it goes to $1835 and $1822. To support us, like and comment!
After breaking the downtrend, GBPJPY went sideways. This morning we see a break. This is a strong signal for the pair to rise, as the initial goal will be 137.15, followed by 137.45. The possibility is already evolving, so it is very likely that we will not see a correction. At the opening of the European session, the official announcement of Biden as president...
Yesterday we saw a strong impulse. To a large extent, it is result by the election results, which do not yet have an official winner. In the moment at the M30 chart the price forms a triangle, which should continue the previous movement. The next resistance is at 1.1879. It is recommended to wait for closing outside the triangle to make an entry! To support...
While it becomes clear who will be the next US president EURGBP broke the downward movement and seems very firm to reverse the direction. This break allows for a rise to resistance levels: 0.9143 0.9175 0.9199 This option is spoiled if the price goes back down in the channel.
The next American president is currently being elected. In the coming days we will find out who he will be, but the movements have already begun. Expect big fluctuations! During this time we see a very good trend of H4 of EURJPY, which should continue its downward movement. The first support is the previous bottom at 121.76, In case of a break we expect the...
Today, the positions we are looking for must be with a stop and control our risk as soon as possible. Today's possibility is related to the downlink channel in which the GBPCAD of H1 is located. We have lower peaks and lower bottoms. We expect a correction and decline to 1.7022. It is good to make the entry after confirmation before the line of...
We are in the most important week of the year. Through it, we have chosen to consider the possibility of reversing the H1 trend of EURAUD. The price has already broken the downward channel and is currently making the second bottom higher. To talk about reversal, however, we must see a break of the previous peak 1.6679. If this happens, we expect the price to...
Pre-election uncertainty and risk aversion lead to GBP sales and JPY purchases. This can be seen very well in GBPJPY. Ahead of the upcoming elections next week, we expect this pressure to continue. Technically, we have a breakthrough of important support - 135.75. It also turns out to be a neckline and we no longer expect the price to return above it. The...
EURUSD down trend Yesterday we expected a decline and we saw it If you are involved, keep your positions active! If you haven't, it's not too late to do so! Yesterday's decline confirmed the direction and we expect it to continue to break 1.1703 and go to 1.1625 First resistance that face the price is 1.1765, where the new decline may begin. And the next...
COVID cases are on the rise across Europe. Germany and France are expected to implement new measures and closure for 2 weeks in order to limit the spread. This contributes to EUR sales. Technically we have a break of triangle in a downward direction and this shows us what to expect. At the moment the first resistance is 1.1798 and from there we can expect...
There is exactly one week left until the US elections. At the same time, cases of coronavirus are on the rise around the world. Uncertainty about these factors implies seeking safe haven. And one such asset is JPY. Technically, it also looks good, as after the Head-and-shoulders formation the final goal has not been reached. The current break of the upward...
Trend trading is one of the best and safest strategies you can use. Of course, it is important to know how to draw the trend correctly and when to enter a deal! With EURAUD on the M30 we have a break of the downtrend. The price then forms a higher bottom, testing the already broken trendline. If we now see an increase and transition above 1.6661, it will mean...
A good opportunity with 2 options. Sell now or sell in case of break. What are the advantages and disadvantages? If you sell now: - The stop will be small - just above today's candle. - The profit will be higher - 140 pips. - It is more risky - there is no confirmation of the movement. If you sell after a breakout: - The stop will be bigger - above the...
Hi, most of you probably know what a trend is. Here's another opportunity to see how it works. Last week (October 14) EURAUD started its upward movement. After two impulse increases, EURAUD is currently in correction and we expect the next increase. If this trend continues upwards, it must reach at least the previous peak of 1.6802. In case of break, we expect...
USDJPY forms the figure Head and Shoulders. Currently, the price draws the right shoulder. In order to have a confirmed entry, we need to see a break of 105.10. Don't confuse a test with a break! Break means closing below this level! In most cases, we see a test of the level we expected to be broken. This is the best moment of entry. Then we can expect the...
In early September, we saw a boost in EURGBP. Then a long correction began. All the time we see how the correction is exhausted by making the lower bottoms. We have already seen a higher bottom and a break in the resistance. Now the previous peak is about to be break and we are heading to 0.9280 and higher! A critical level for the analysis is that the price...
We expect a 100 pips drop! After more than 2 months of EURCHF moving in the range of 1.0725-1.0845, on Friday we saw a breakthrough. Once the price breaks a range, we expect it to continue in the direction of the break. We currently see a test of 1.0725, and in case of repulsion we can make an entry. This gives us additional confirmation and we can join from...