USD/JPY price action shows that bulls are getting weak. The last five daily candles indicate sellers are gaining control over this pair. In my opinion, a drop back to 104 level can happen this week itself. I would be looking to sell the rallies in USD/JPY
Dear traders, in my previous Gold analysis, I mentioned about buying at 1850 level and to target 1910. (idea attached below) As you can see, today we reached very close to that target. So, congrats to the ones who followed and hit a big profit. Currently, it looks like Gold will slowly continue to go up and reach the 1920 level. In fact it might go all the way...
Dear friends, in my previous GBP/USD analysis, I told you about buying at 1.2740 and targeting the 1.29 level as TP. ( idea attached below). As you can see, that was a perfect 180+ pips trade. Currently, GBP/USD is facing a lot of resistance 1.29 level. That being said, I don't want to sell at the current market price because it has already dropped quite a...
SPX bounced from the 100-day EMA level. Looks like the correction is coming to an end. If price stays above 3250, the next possible targets could be 3350, 3420 and finally 3600
GBP/JPY is slowly recovering after dropping to 133 level. This recovery may continue further next week and price may cross 136 level. The rectangular area that I have highlighted in my chart could work as buying level. Possible TP can be 136.50 and even 140 in the next 3-4 weeks.
USD/CHF hit the 100-day EMA at 0.93 level and pulled back a little bit. However, this pullback may continue even lower. If price stays below 0.93, it is quite likely that we will see 0.9250 and even 0.9180 levels in the next few days.
GBP/USD is creating a support level just below the 1.27 area. It is quite likely that if the support remains intact, GBP/USD can go up to the 1.2940 area. So, I am looking to buy the dips in GBP/USD
Hello friends, the support level of 1848 on the hourly chart in Gold is intact so far. As long as the support level holds, Gold can rally upto 1910 level. Watch for the downtrend line resistance to break. That will be a confirmation of the long entry. This is a low risk buy set-up in Gold.
Gold has pulled back to the 100 day EMA level. At this point, we can consider counter-trend buy entries in Gold with very small lot sizes. The area between 1820-1850 looks attractive for longs especially if we see some quick dips. Still waiting for a good entry in the level that I have drawn in my chart. Possible TP can be placed at 1900 and 1950. SLs can be put...
EUR/USD's drop continues. However, 1.1740 was a support level. So, there is a possibility that price will retest that broken level again. I am looking at a pullback to the level near 1.1750 before selling EUR/USD further. If price reaches 1.1750-1.1780 level, I think it would be a very attractive selling price will TP at 1.15 and SL above 1.1820.
Dear friends, in my previous USD/CAD idea, I mentioned about buying it. At that time price was at 1.3189 As you can see, whoever bought at that time easily made 220+ pips profit. Currently, USD/CAD has faced a rejection at the 100-day EMA and a bearish candlestick has formed. So, it is quite likely that in the coming day, we will see a pullback towards 1.3250 level.
Dear friends, in my previous NZD/USD idea I told you to sell at the channel top at 0.6771( idea attached below) As you can see, that idea generated 240+ pips profit. Currently, the downtrend has temporarily stopped at the 100-day EMA. This level also coincides with the channel support. So, it is quite likely that we will see a pullback towards 0.6610 and even...
Dear friends, in my previous AUD/USD analyses, I mentioned about selling near 0.73(idea attached below) As you can see, AUD/USD kept dropping and reached very close to 0.70, which was my sell TP. Currently, the downtrend has stopped at the 100-day EMA level. So, it is quite likely that there will be a pullback towards 0.7100 and even 0.7190
Dear friends, we had a good run selling EUR/USD from the 1.20 levels. Above you can see the latest sell trade which netted 150+ pips profit. Although, I would like to put some more sells in EUR/USD, current market price is not attractive for selling. In fact, it is quite likely that EUR/USD will pullback close to the 1.18 level. So, if any counter trend trader...
Gold has pulled back to the 100 day EMA level. At this point, we can consider counter-trend buy entries in Gold with very small lot sizes. The area between 1820-1850 looks attractive for longs especially if we see some quick dips. Still waiting for a good entry in the level that I have drawn in my chart. Possible TP can be placed at 1900 and 1950. SLs can be...
Yesterday, we got a bullish daily candle on GBP/JPY. However, we need more confirmation before putting any buy trades. I am still waiting for price to touch the previous low near 132 level. In case, that doesn't happen I will be looking at some solid bullish price action in the 4H chart before putting buy trades.
Dear friends, in my previous GBP/USD idea, I told you about selling near 1.30 and TP at 1.2770. (Idea attached below) Currently, GBPUSD appears to be forming a base in the 1.27 region. So, it is quite likely that we will have a pullback. This is a counter-trend idea to buy near 1.27 with SL below 1.2640 and TP at 1.2940.
Dear traders, in my last couple of AUD/USD ideas, I told you that AUD/USD may make a big correction very soon. As you can see, AUD/USD broke the lower TL of the support structure. So, I expect a further drop on AUD/USD with the possibility of a drop to 0.70 and even more. I would be looking to sell the rallies in AUD/USD.