HumbleTraders

HumbleTraders

This pattern seems to be playing out nicely in this market. USDCAD formed yet another bullish correction pattern. Play would be to add to longs or anter more above 1.14. Look at oil declining at the same time.

HumbleTraders

EURGBP declined towards lower border of the range. We expect this market to rebound from these levels but it is likely to continue lower after the correction. Multi -year support is at 0.7745 area.This market can reach this level without any correction. Save bet is to short on rally towards 0.7960 with tight stops. The position can be stopped and reversed as the...

HumbleTraders

This market has been in down trend for months. IT seems that GBPUSD had never had such a sell off in history (well apart from one or two). If the downtrend is assumed, cable might produce another leg down from the current setup.

HumbleTraders

There is no much to think about if you are long term Forex investor. Russian currency have never been so cheap before and will not stay here for long. After Ukraine crisis is over and the pace of sanctions had calm, we can expect speculation and investment to come back to Moscow to carry on as usual. This is the most powerful country on this globe. Its currency is...

HumbleTraders

After forming double bottom, EURUSD rebounded from lows. It is now testing descending major trendline. Short trades are recommended around 1.2502 with the stop above 1.2610. The position can be stopped and reversed beyond 1.26010

HumbleTraders

EurGbp is forming another flag. This is another low risk opportunity to enter the market. Once the upper border is broken to the upside, look for long positions. Look for GBPUSD to break the support ( indicated on the chart) .The break below 0.07909 will indicate more decline and chance for short trades.

HumbleTraders

Aussie's sell off seems to be running out of steam or at least taking a break. On daily chart we see a flag/triangle pattern forming. If the downtrend assumed, flag will break to the downside. It can be an excellent low risk opportunity to trade. Firm close below 0.8550 will suggest more decline. Long positions above 0.8800

HumbleTraders

It looks like USDCAD hit another support this week. It is 3rd higher low in this market with tendency towards sell. The scenario I see playing out, look for a rebound from the current level to 1.1320 for another resistance. Enter short positions at these levels with the stop at 1.1470. Sell stop below 1.1175 -the recent lows.

HumbleTraders

EURUSD might have completed mid term correction. The market likely to decline from now onwards if the downtrend still intact.

HumbleTraders

If EURUSD breaks 1.2520, short positions can be established with target at 1.2510. Position suitable for daily binary option traders

HumbleTraders

EURUSD some more upside possible but limited EURUSD rebounded in the recent session and pierced through 1.2550. We expect this correction to continue towards 1.2590. From that level this market might resume long term decline or consolidate before mid term correction. We suggest short positions around 1.2590 with tight stops. The position can be stopped and...

HumbleTraders

Upper border of the descending channel tested in today's session. Expect downtrend to continue. Any break of resistance would suggest more upside in short term

HumbleTraders

Upper border of the descending channel tested in today's session. Expect downtrend to continue. Any break of resistance would suggest more upside in short term