There’s a big zone of resistance that hold resistance in April, June, and September and also failed to venture above 170 in October.
Going down to the daily shows that the resistance zone being in play over the past month, helping to moderate a range with resistance holding around the 169.09 level. And just above that is the 170.00 psychological level.
This...
EURJPY In the long-term picture, the outlook will stay bullish for the upcoming session.
Confluence for buying side momentum in EURJPY:
1) On the daily chart the price has reached the demand zone where buyers are more interested to buy calls at discount prices.
2) The Daily candle is indecisive towards the selling pressure, so to gain further selling pressure,...
GBPUSD is about to head into this weekend on a 2-month high.
GBPUSD is now testing the Mid-September high around 1.173, after building upon a series of higher lows and higher highs.
We can see some good momentum in this pair in the upcoming week & can target LEVEL 1.1900 & 1.2100.
Unless we make any corrections there is a high chance that the price will...
Trading idea posts based on PRICE ACTION.
Trading suggestion :
📍 BUY AUDNZD = Strong equities and bonds allowed buyers to keep the reins despite mixed Aussie statistics.
📍USD/CAD recovered after hitting the 1.3400 level and intraday bias is turned neutral first & currently trading above 1.3500.
On the upside, If break of 1.3600 the bias will be turned back to the upside for 1.3700 resistance first, and then a retest of 1.3976 high.
On the downside, If break of 1.3500 & sustains for at least two 4H candles it will resume the...
GBP/JPY break of 166.00 will bring a deeper pull back to 162.00-160.00 support and below. It's creating a Head & Shoulder Pattern. Any convincing close below that level will drag the pair to the next level. GBPJPY hits an intraday low of 168.42 and is currently trading around 166.47.
Every Upside can be an excellent opportunity to Sell on the Rise.
Significant...
Gold builds on the previous day's post-US CPI breakout momentum and gains some follow-through traction on Friday.
The upward trajectory lifts the XAUUSD to its highest levels around the $1,766 region during the first half of the European session.
In the coming week, Technically We can see Gold being some sideways in the area 1775-1785 & which could lead to our...
