Platinum-Wealth-Creators

Platinum-Wealth-Creators

NZD/USD has been real lying ever since breaking a descending trend line. However it has found resistance at historical resistance plus a weekly 50% fibonacci zone represented with the yellow line. This led price to fall and break a daily ascending trend line it has been following for some time, we also witnessed a pin point retracement of this broken trend line....

Platinum-Wealth-Creators

We have had our eyes on AUD/USD like a hawk over the past few weeks, waiting for the perfect short opportunity as it approached a weekly descending trend line and monthly key support. However AUD/USD turned bearish sooner then we thought helped by the bank of Australia cutting interest rates. The pair went on the break and close below this ascending trend line on...

Platinum-Wealth-Creators

Recently USD/CAD has seen much downfall after peaking. breaking numerous historical resistance turned support zones. Price also led to a break and close below a strong weekly ascending trend line successfully putting in place a retracement of this trend line. We have now witnessed on the daily, USD/CAD breaking and closing below 1.27957 support leading us to...

Platinum-Wealth-Creators

After waiting for this setup last week we have finally entered a short position on this pair. We previously witnessed a break of key historical support however price did not retest straight away and we are no seeing that retest. Price has now bounced of the previous support now turned resistance which also shows a bounce of the 50% fibonacci level. Our target lies...

Platinum-Wealth-Creators

We shorted GBP/USD last yesterday, so although this upload is late, and price has already began to fall, we still think you can catch a good risk:reward trade on this pair. Weve covered both the weekly and daily analysis on this pair, yesterday price broke and closed below historical support of 1.41512. Both blue zones are weekly support levels with the top one...

Platinum-Wealth-Creators

Looking at NZD/USD's weekly chart we can see it approached and bounced of a long term descending trend line initially bringing our attention to this pair. Heading onto the daily chart we can see the pair formed a double top (highlighted by the yellow line) this was put in place after price was following a ascending trend line. NZD/USD went on to break and close...

Platinum-Wealth-Creators

EUR/JPY daily chart analysis. Looking at a clear downside target for this pair, as we can see EUR/JPY used to sit in between a wedge formation however broke below this wedge, and further continued to break and close the previous support zone, however it then put in place a more recent support zone which was broken however price then rallied up, heading towards the...

Platinum-Wealth-Creators

After we saw GBP/NZD peak we have seen price continue to fall and follow a descending trend line as seen in the chart. price found support at the top blue zone (2.3468-2.33357) during the late stages of its bullish trend this level turned resistance after it was broken. price continued to fall and found further support at the lower blue zone (2.2581-2.2410) price...

Platinum-Wealth-Creators

AUD/UD has finally broken and closed above a weekly descending trend line which it has been following for some time now, price started to rise aft4er hitting some light support and followed a bullish trend line leading to the break. we can also see a clear break, close and retest of the descending trend line. our next upside target aligns with some historical...

Platinum-Wealth-Creators

as we can see by the chart earlier on this year EUR/USD was very bearish, following a bearish trend line as seen on the chart as the blue trend line. we eventually broke this level after finding some strength following a bullish trend line also seen on the chart as the blue trend line. however after breaking the bearish trend line we found heavy resistance at the...

Platinum-Wealth-Creators

on the weekly chart for GBP/JPY we can see a clear bullish trend line represented on the daily chart as the blue trend line showing 4 consecutive bounces of this trend, after the 4th bounce of this weekly trend we can see price rising and closing above a daily bearish trend line as well as setting in play a new daily bullish trend line. however once again price...