The price is in the range between 107.07 (support) and 107.62 (resistance). One of the options for range trading is to buy from support and sell from resistance. The other is to wait for a breakthrough! In this case, we expect the price to continue in the direction in which it broke and we can look for trades in this direction. Resistance...
After the successful trade on May 25, today we have new potential at CADJPY. The price forms a double bottom with a potential of 80.41 If you are not familiar with this formation: A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of...
From our last EURUSD analysis on June 8, we expected the price to continue rising after making a correction. Yesterday shows us that this correction is probably over and we are already expecting the rise to higher values! The levels we expect to be reached: - 1.1425 (10 June 2020) - 1.1487 (8 March 2020) - 1.1553 (10 January 2019) CFTC positioning data showed...
With the news about the interest rate last week on Wednesday from the Fed, we saw a fixation of many bottoms and peaks. USDCAD is another place where we expect the reversal of the current movement. The price broke the Trendline and even make a correction to the support zone. From here we expect a rise to: 1.3742 and 1.3881 What do you expect, do you have active trades?
We expect the price to continue the upward movement! 1. Higher bottoms 2. Higher peaks 3. Repulsion from the support area 4. Weak GBP 5. Stable EUR Resistance levels we expect the price to reach: 0.9028 0.9051 0.9079 What do you expect, do you have active trades?
On June 10, we did an analysis of AUDUSD before the Fed, expecting the price to go down. We already see this movement and expect its progress. On H4 we have fixing of a new peak again with bearish engulfing and breaking of the previous bottom. Yesterday the price reached 0.6796. As we now expect a test of the broken levels at 0.6905 and the continuation of the...
Yesterday we saw the Fed Interest Rate Decision and we expect interesting moves from here on out. The first pair we expect movement in is GBPUSD. Here we have reached the trend line that started December 2019 with the news about Brexit. Yesterday gives good reasons for entry and the opportunity to expect the price to bounce! Contact us for specific parameters!
The Bearish Engulfing pattern consists of two candles. First one is a small upward candle followed by large bearish candle. The bearish candle must absorbs completely the previous one formed during the uptrend. The bearish candle is not required to cover the shadows of bullish candle. Requirements for validity: 1. Market in uptrend; 2. Small bullish candle; 3....
AUDUSD reached its highest levels since the beginning of the year, recovering the entire decline! Yesterday we saw a Bear Engulfing, which signals the current exhaustion of the rise. It's caused by the accumulation of profits and the possibility of adjustment. Today at 18:00 (GMT) we expect Fed Interest Rate Decision. The news will be a catalyst for movement. As...
Last week we saw an extremely strong rise of 800 pips. Now we expect a correction to the levels that were broken - 135.80. There is also 38.2 of the entire rise from May 17. When repulsed by these levels, buy orders can be search for. The minimum goal will be at least a test of the previous peak - 139.17 In case of breakdown, the next resistance is 140.90 If...
The uptrend in EURUSD is uphold. At the beginning of the new week we're expecting a correction, after which we will see higher values again. The possibilities for correction are: - small correction up to 1.1240 - large correction to the range of 1.1065-1.1150 In case of repulsion from the zone, look for buy orders and new peaks to the resistance...
GBPUSD is again moving to 1.2650. But will it be able to get through it this time? For now, this looks like the more likely scenario! USD weakened everywhere, we have a good H4 momentum. It is important to note that today at 12:30 GMT we expect news about NFP, which will clear up this situation. In case of a breakout we expect the price to reach 1.2750 and...
After the EURCHF analysis, it was the turn of the USDCHF. In the last 3 months the price was in consolidation. As we had lower peaks and higher bottoms - a triangle formation. We now have a breakthrough and we expect the price to continue in the direction of this breakthrough. Yesterday we also saw a correction of the last decline, so we can expect the movement...
NASDAQ recovered to 98% of its highest values! We have the virus event, the stay-at-home orders, and now the riots and protests. Recently, the National Guard has been called out to support local law enforcement and to protect people and properties. From our perspective, the situation is very far away from stable economic activity/growth supporting current stock...
USDJPY is at a strong level of resistance - 107.85. The price returns many times from this level. With each subsequent try, this level is more likely to be broken. And a breakthrough means we will see higher values. Resistance levels 108.42 109.00 If you find this useful - give us a like! If you have the same or different vision for the future movement - comment!
EURCHF has been on a downward trend in H4, since the beginning of the year. This trend was broken last week very strongly. We are already seeing higher peaks and higher bottoms. This gives us reason to believe that the price may rise. Resistance levels: 1.0735 1,0775 1,0835 If you find this useful - give us a like! If you have the same or different vision for...
Hello, after a series of successful EURUSD trades , today we will look at a very good EURCAD opportunity. EUR is generally performing steadily for all pairs and we expect a further increase. A good opportunity is an increase in EURCAD. On the daily chart we see the momentum from the beginning of this year and the long-term correction that reaches 50%...
The XAGUSD analysis on 11 May was extremely accurate. New resistance levels: 17,86 18,13 18,53 Triangle The triangle pattern is known as a bilateral pattern, which means that after a break-out the trend could either continue or reverse. There are basically 3 types of triangles and they all point to price being in consolidation: symmetrical (price is contained...