MyFxPicks

MyFxPicks

Howdy traders. EURCAD is still bearish. What was happening was an extended retracement and not a trend reversal. The expectation is to have the pair driving lower yet again for new lower low.

MyFxPicks

Howdy Traders, Gold is heavily bearish, but, technically, one leg up a bit past the recent high is needed at the moment for sellers to collect the required momentum to drive price even further downwards. So gold is presently bullish but bearish long-term. Trade well and take care.

MyFxPicks

Howdy fellow traders. Although the bearish sentiment still hold (at least for the long term) we are at moment in the last bull run before a plunge we had never before witnessed in history. Trade well and take care.

MyFxPicks Updated 

CADJPY is at a strong buy zone where buy orders are accumulated. We could see the pair rallying to even forming a new all-time high since 2014.

MyFxPicks

Hello fellow risk-takers. A potential opportunity on GBPUSD as the pair is fast-losing momentum to decisively rally up. A short-term selling opportunity may ensue as the result. Trade well and take care.

MyFxPicks

At least in the short-term XAUUSD is bullish . Remember your risk management principles; no setup in the entire history of trading was worth betting a farm on, nor does the future know such a setup. Trade well and take care.

MyFxPicks

At least in the short-term AUDUSD is bullish. Remember your risk management principles; no setup in the entire history of trading was worth betting a farm on, nor does the future know such a setup. Trade well and take care.

MyFxPicks

Hello fellow risk-takers, EURCAD is still heavily bearish on larger timeframes, in particular, monthly. The subject of interest is at which point in price will the pair begin to resume its free fall? The above setup works such estimation. Trade well and take care!

MyFxPicks Updated 

The current sell-off should not be construed as trend reversal but an extended retracement. This was bound to happen to correct some of the strong bullish gains. The pair has encountered a strong area of demand which could be expected to send the pair yet again to the moon. Effectively, the retracement is over and buyers may enter the market once again. Trade...

MyFxPicks

The bullish trendline is expected to fail sooner rather than later. EURCHF is still pretty much bearish. Trade well and take care.

MyFxPicks Updated 

AUDCAD has been consolidating in what seems like a reversal price action. The pair is extremely bullish and price is breaking out of its consolidation. A decisive rally may ensue in the coming weeks. Trade well and take care.

MyFxPicks Updated 

Recovery of many indices means a recovery of many forex pairs which were falling in correlation with the same. NZDCHF is one such such example. The pair was falling in a retracement—an extended retracement—as opposed to a trend change when viewed in context of a larger timeframe such as daily. Such retracement is over and we may see the pair decisively rallying...