M-royce

M-royce Updated 

12600 – 12800 is the key area to watch and spotted a double top on the Weekly timeframe. A bearish Pin can be seen rejecting the neckline of this double top formation. My position: Entry - 12510 SL - 12820 TP - 12045 ** This is not a Buy/Sell recommendation ** Please do your own due diligence

M-royce

The EurUsd has been in a downtrend since April 2018 and 1.1620 is the key support, which also means we are trading against the trend. A series of lower highs can be spotted on the EurUsd Daily timeframe and it closed the trading week right at the trendline resistance. If price break above the trendline resistance, we may expect the Euro moving higher against...

M-royce

The Pound fell against the Swiss Franc from April – June 2018 but has been moving sideways since then, maybe due to the 1.3060 key support. Traders can look to buy when there is a sign of bullish strength in this counter. Stay tuned!

M-royce

The NzdUsd is clearly in the downtrend as the price has been trading below the trend-line resistance highlighted in blue. Can the Kiwi Dollar break above the trendline and provide us an opportunity to go Long ?? Stay tuned.

M-royce Updated 

1.9380 is the key resistance from the weekly chart. A double top can be spotted on the Daily timeframe and the neckline of this double top was broken two days ago. A strong breakout of the neckline + Pull back + 4hr Pin bar My sell position : Entry: 1.9283 SL: 1.9454 TP: 1.9026 ** This is not a Buy/Sell recommendation ** ** Please do your own duediligence **

M-royce Updated 

The UsdCad is in an uptrend as it is making higher high and higher low. 1.2850 – 1.3000 key resistance area was broken in mid of June and price has been trading above the key resistance since then, which has turned into support now. I will be looking for a Long, ideally when the price touches the support level. Stay tuned! ** This is not a Buy/Sell...

M-royce Updated 

1.3050 - 1.3100 is they key support on Daily chart. The Pound got rejected twice from this support level. Last Friday was the third time it got pushed higher and formed a bullish Pin bar My Position Entry : 1.3220 SL : 1.3080 TP : 1.3430 ** This is not a Buy/Sell recommendation ** ** Please do your own due diligence **

M-royce Updated 

$1237 – $1247 is the key area of support on the weekly chart and we are likely to see the Gold price got pushed up from this support level, maybe due to profit taking from the recent Short Sellers. Zooming into the 4hr timeframe, the down-trendline has been broken and the Gold price has entered into the Buy Zone. Not only that, the lower lows and lower highs...

M-royce

A double-top can be spotted on the Daily timeframe of EurAud. The Euro plunged against the Aussie when the neckline of this double-top was broken in the mid of May. Price is retracing higher in recent weeks and it is trading at the key resistance now. I will be looking to sell the EurAud when it shows sign of weakness. Stay tuned! ** This is not a Buy/Sell...

M-royce

The EurNzd is clearly in a sideways movement, bouncing between 1.6520 and 1.7420. Given the recent bullish strength in the market, it is not wise to Short the EurNzd now even though there is a rejection from the resistance area. I will be watching this currency pair closely and will try to Sell once the Big Player starts to come in and push the price...

M-royce Updated 

1.1610 - 1.1450 is the key area of support. A bullish Pin bar can be spotted on the weekly chart. Will decide whether to Long the market when it opens tomorrow. Stay tuned.

M-royce Updated 

81.80 - 80.80 is the key area of support. Two pin bars was formed side-by-side, or another forex term "tweezer bottom" can be spotted on the Weekly chart. Will decide whether to Long the market when it opens tomorrow. Stay tuned. ** This is not a But/Sell recommendation ** ** Please do your own due diligence **

M-royce Updated 

1.7878 is the key resistance which can be seen on Daily chart The 4hr bar closed below the key resistance area which highlighted in yellow and I am Selling GBPAUD to anticipate the right shoulder to form to complete the Head & Shoulder pattern. My Sell Position : Entry : 1.7825 SL : 1.7960 TP : 1.7622 ** This is not a Buy/Sell recommendation ** ** Please do...

M-royce Updated 

The Brent Crude Oil has been in an uptrend since mid of 2017. The trend-line in blue acting as strong support, pushing price higher whenever It retraces to that support area. My Position : Entry : 75.00 SL : 72.60 TP : 78.60 ** This is not a Buy/Sell recommendation ** ** Please do your own due diligence **

M-royce Updated 

75.60 is the key support level. The key support got broken two days ago but straight away got rejected and the good part is, it closed the trading day higher than the previous trading day, forming a false break-out. I entered my trade based on the Pin bar rejecting from the 38.2% Fibonacci level. My position : Entry : 75.92 SL : 74.77 TP : 77.65 ** This is...

M-royce Updated 

The EurUsd has been bearish since the mid of April and it is now facing a strong rejection from 1.1570 - 1.1660 key support area. My position : Entry : 1.1660 Stop : 1.1490 TP : 1.915 ** This is not a Buy/Sell recommendation ** ** Please do your own due diligence **

M-royce Updated 

The Aussie has been bearish against the Dollar since 19th April (or Dollar has been strengthen). 0.7505 is the key level of support. I am "betting" that Head & Shoulder pattern is likely to form **IF the coming 4hr candle closes with a long tailed bullish Pin. Will update my Entry, SL and TP in an hour **IF it is a bullish Pin. ** Please do your own due...

M-royce Updated 

23751 - 23267 is the key support area. A long tailed bullish pin can be spotted on Daily chart rejecting from the key support area. Main concern is that my Stop Loss size is very large (662 pips), will definitely trail my Stop Loss when price goes in my favour. My position: Entry : 23962 SL :23300 TP : 24955 ** This is not a Buy/Sell recommendation ** **...