About meTeam of traders studying at university, specialising in trend based technical analysis of Forex charts using key levels of support and resistance.
Analysis and predictions also posted on our Instagram page - Globopips
Downwards channel formed on the daily/4H charts. Already 100 pips up on this pair and riding the down leg of this move.
Blue horizontal lines represent support/resistance levels and will also act as my intermediate targets for the trade.
Final targets of 131 and then a secondary extension down to 128 is possible
Early signs of a downwards tredline forming - lines up with a retracment to the 0.38 Fibonacci line.
Confluences building on this pair for a shor to the downside everyday.
Just entered into this trade moments ago.
Quick update on EURUSD.
1 hour chart showing us a inner trendine that needs to be broken. Price is currently stalling on the 1.12 level of support.
I'm already in short on this pair and we should see a fall to 1.1 in the near future. For previous analysis and a more Long-Term view follow the links below.
Price recently broke it's upwards daily channel and dropped to a key support level at 1.52 (approx) -
I expect price to retest the outside of the channel at around 1.55 which lines up with previous areas of supports.
If price cannot break 1.55 we will be short until 1.52 as price will begin to consolidate within this price range.
Short -T1 1.52
(Long -T2 1.58)...
price has currently just spiked and broken the 0.7 handle. This is a fundamental level for this pair, just because we have flicked below it now means nothing if today's/the weekly candle closes upwards of it.
Trendline lines up nicely with the 200 EMS (4h) giving us some good confirmation that this trade is accurate.
Price hit our 0.7 target at the back end of...
USDJPY medium term analysis -
price has currently broken two trend lines as seen. Successful breakout - retest- and continuation of the inner trend line.
We will price fall again to 119 as Target 1 and 116 as a secondary target over the next week or so.
Daily triangle formation on the daily time frame. Blue trendlines represent areas of immediate 4h resistance/support., the redline represents Weekly resistance.
Short term bias is sliding to 1.14 then a break of it's immediate trendline down to 1.1 where we will see how it interacts with the overall triangle boundary. A break of the downwards will see a fall to...
4 Hr chart. rejection by the downwards trendline, with a nice turnaround back to the short side. Will be watching this pair when the market opens very closely. Short targets of 1.215 and then 1.205
Monthly chart, price has been in an upwards channel for weeks and weeks making for pretty simple trading entries.
However as we can see here on the Monthly price has now touched this massive past resistance level and we expect a significant bounce back from this resistance level
Analysis on this pair done a few weeks back, can be seen on the Globopips instagram account. EUR/AUD to go lonng term short, at least the next few weeks, Target of 1.31 lines up perfectly with historical levels of support