MEX_Exchange

MEX_Exchange

CADJPY has dropped from our selling area perfectly. We remain bearish expecting further downside pressure. Sell below 82.77. Stop loss at 83.48. Take profit at 81.29. Reason for the trading strategy (technically): Price has reversed perfectly from our selling area and is dropping nicely towards our profit target. We remain bearish below major resistance at...

MEX_Exchange

AUDUSD has touched our buying entry and bounced up perfectly. We remain bullish on this trade. Buy above 0.7639. Stop loss at 0.7577. Take profit at 0.7779. Reason for the trading strategy (technically): Price has touched our strong buying level support at 0.7639 (78.6% Fibonacci retracement, 100% Fibonacci extension, 61.8% Fibonacci extension, bullish...

MEX_Exchange

Bitcoin is seeing a strong change in momentum to bullish after breaking our major resistances. Buy above 7774. Stop loss at 7536. Take profit at 8265. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrency is that the biggest bank in Denmark, Danske Bank, has released a report criticising cryptocurrencies over perceived risks...

MEX_Exchange

EURAUD is bouncing nicely off major support presenting us with a good buying opportunity. Buy above 1.6058. Stop loss at 1.6020. Take profit at 1.6185. Reason for the trading strategy (technically): Price is testing major support at 1.6058 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, ascending support) and a strong bounce could occur...

MEX_Exchange

CADJPY is right on major resistance presenting us with a good selling opportunity. Sell below 82.77. Stop loss at 83.48. Take profit at 81.29. Reason for the trading strategy (technically): Price is testing major resistance at 82.77 (Fibonacci retracement, horizontal overlap resistance, fiboancci extension, bearish harmonic formation) and a strong reaction...

MEX_Exchange

AUDNZD is at a good selling opportunity. Sell below 1.0635. Stop loss at 1.0656. Take profit at 1.0562. Reason for the trading strategy (technically): Price is now testing major resistance at 1.0635 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at...

MEX_Exchange Updated 

NZDUSD is seeing a bearish acceleration after breaking key ascending support. Sell below 0.7282. Stop loss at 0.7305. Take profit at 0.7230. Reason for the trading strategy (technically): Price has reversed nicely and has made a bearish exit from our ascending support-turned-resistance line. We look to sell below major resistance at 0.7282 (Fibonacci...

MEX_Exchange

Bitcoin is dropping beautifully as expected and we expect further bearish momentum. Sell below 8027. Stop loss at 8295. Take profit at 7329. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrency is that the European Securities and Markets Authority (ESMA) has toughened its stance on cryptocurrency derivative contracts,...

MEX_Exchange

AUDUSD is fast approaching a really key support level where we expect a really strong bounce from. Buy above 0.7639. Stop loss at 0.7577. Take profit at 0.7779. Reason for the trading strategy (technically): Price is fast approaching major support at 0.7639 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and we expect a strong bounce...

MEX_Exchange

AUDNZD is now testing a major support level which is a good buying opportunity. Buy above 1.0551. Stop loss at 1.0474. Take profit at 1.0823. Reason for the trading strategy (technically): Price is now testing major support at 1.0551 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish harmonic formation) and a strong bounce could...

MEX_Exchange

Bitcoin dropped right to our profit target before bouncing perfectly. We remain bearish for a further drop. Sell below 8324. Stop loss at 8705. Take profit at 7329. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrency is that twitter has decided to ban ads starting today. Twitter is by and large one of the largest platforms...

MEX_Exchange

GBPCHF is testing strong resistance presenting us with a good selling opportunity. Sell below 1.3466. Stop loss at 1.3527. Take profit at 1.3335. Reason for the trading strategy (technically): Price is testing major resistance at 1.3466 (Fibonacci retracement, horizontal swing high resistance, bearish harmonic formation) and a strong reaction could occur from...

MEX_Exchange

CADJPY is seeing some major resistance above price presenting us with a good opportunity to sell from. Sell below 82.77. Stop loss at 83.48. Take profit at 81.29. Reason for the trading strategy (technically): Price is approaching major resistance at 82.77 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance, bearish harmonic formation)...

MEX_Exchange

AUDJPY has broken key resistance levels triggering a bullish exit from here. Good opportunity to start buying. Buy above 81.46. Stop loss at 80.94. Take profit at 82.49. Reason for the trading strategy (technically): Price has broken out of key descending and horizontal resistance triggering a rally above 81.46 support (Fibonacci retracement, horizontal...

MEX_Exchange Updated 

Bitcoin continues to drop as expected, we remain bearish for a further drop. Sell below 8755. Stop loss at 9089. Take profit at 7920. Reason for the trading strategy (fundamentally): The big news surrounding Bitcoin is The Office of Foreign Asset Control (OFAC) announcing that it was considering including digital currency addresses associated with its list of...

MEX_Exchange

EURUSD is seeing some really strong resistance push prices down, presenting us with a good shorting opportunity. Sell below 1.2373. Stop loss at 1.2341. Take profit at 1.2295. Reason for the trading strategy (technically): Price is testing major resistance at 1.2373 (Fibonacci retracement, Fibonacci extension, descending resistance, swing high resistance) and...

MEX_Exchange

AUDUSD is approaching major support which presents us with a good buying opportunity to play the bounce. Buy above 0.7639. Stop loss at 0.7577. Take profit at 0.7779. Reason for the trading strategy (technically): Price is approaching major support at 0.7639 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a nice bounce could occur...

MEX_Exchange

NZDUSD is seeing some strong resistance levels above it, presenting us with a good selling opportunity. Sell below 0.7277. Stop loss at 0.7305. Take profit at 0.7203. Reason for the trading strategy (technically): Price is approaching major resistance at 0.7277 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and a strong reaction...