Lets explore the AUDCAD today, for the past few years we have seen the downtrend that began in 2017 and is still continuing. Taking a look at the weekly timeframe, we can see the channel that price has formed and consistently bouncing back into the channel.
Price eventually broke above the trendline and rallied towards one of the strong resistance lines at...
This is a simple idea on the EURUSD pair, for some of you that have been reading our posts would have noticed we focus on trends alot. Its pretty seldom that you find us trading in consolidations.
Today we took a look at the open price of the pair after the Bulls and Bears displayed a bit of confusion at the previous day candle. We are indeed still in an uptrend...
Please note, this a continuation of an idea that we published previously, please see attached Idea.
The long position triggered and it is currently on 91.6 Pips for those that closed half the position and let trade run as it is very evident that Bulls are still in control.
The guys that closed at TP: Should be happy with a neat 130 Pips.
Now we are at...
Yesterday we took a look at the potential short setup, due to the troubles the bulls faced at the resistance zone. We placed an order which was rejected by the bulls who did not allow the Bears to take control. This in turn gave us an indication of the determination of the bulls after they broke the resistance and continued on the Weekly timeframe uptrend.
Last week I posted about a long setup on the shorter timeframe which resulted in a trail stop being hit with 40Pips gain, this week we have taken a longer term view and came down to a potential reversal bias on the pair. Please note we aim to look for potential setups in the shorter period, we share the psychology behind the decision making process in our trades....
The daily timeframe is showing a battle that the Bulls are interestingly in charge of. The reversal proved a strong price rejection at the support zone at 105.987.
The Bulls continued on a neat uptrend, with higher highs and higher lows. The Bears came to the party at the area of interest forming a good resistance zone at the 107.939 price level worthy of being...
Bulls seem to be maintaining power and keeping the uptrend momentum going on the daily timeframe. This is my view of this pair and where it may go, I will be using the daily frame to analyse the long term view and the 4 hour timeframe to find potential entry points or change in behavior which may affect the overall Bias. Follow me and keep upto date...
Neat uptrend on the NZDUSD pair daily timeframe .
Support on 0.382 fibonacci retracement holding
Double top bearish signal rejected at
fibo retracement 0.382 holding strong.
The ADX indicator is showing poor strength,
we will keep monitoring and adapting to the market.
Looking back on the daily chart
there is a Clear indication of a bullish strength
Short trade @1.8707
- Position based on the 3EMA Crossover strategy.
- 10EMA Crosses 25EMA from the top first signal for a short.
- 10EMA crosses 50EMA from the top 2nd signal.
- Candle closses below the 50EMA trade confirmed.
- ADX indicator increasing, confirmation of trend getting stronger
Stop loss @ high of candle prior confirmation candle...
US oil recently hit its lowest price since 2002, mainly due to the drastic decline in demand
as more countries went into lockdown. What made it worse was the feud between
Russia & Saudi which drove price even lower than they both expected.
Global demand was estimated to have dropped by nearly 30mill barrels per day, whilst some
experts estimated a higher drop...
The huge demand in USD currency caused by the virus, has given it a lot of strength against majority of the currencies. We all know how the USD is the currency of choice in global trade. As more and more countries scramble to mitigate the spread , they pump alot of money into supplies.
Another factor that contributes is how majority of traders opt to for the USD...