ProCFDTrader

ProCFDTrader Updated 

Dear traders, we saw some whipsaw moves in GBP/USD yesterday during the ADP data. With NFP data coming out in a few hours, expect a similar move today as well. During the NFP data release, if GBP/USD climbs to either of the supply levels indicated in my chart, I would consider selling GBP/USD with long-term TP at 1.2470.

ProCFDTrader

Dear traders, a couple of days ago, when GJ was at 183.80, I recommended you to sell it. If you followed my idea, you are already in 140 Pips profit. At present, if you look at the daily chart in GBP/JPY, yoh can see that price has broken out of a key structure. This indicates the possibility of a big decline in GBP/JPY. As long as price stays below the 184...

ProCFDTrader Updated 

Dear traders, if you look at the 4hour chart in Gold closely, you can see that the dynamic resistance (100 EMA) in the 4Hour chart has stopped the rallies in Gold in many occasions in the last few weeks. Currently, Gold is at the 4-hour resistance level once again. So far. the Gold bulls have not been able to break the resistance level . So, if Gold doesn't...

ProCFDTrader Updated 

Dear traders, GBP/JPY's bullish momentum is fading and we are seeing increasing bearish pressure on GBP/JPY. 184 level has not been breached, and we have multiple rejection candlesticks in this level. So, if the bears step at this level, expect a rapid and big decline in GBP/JPY. There is a potential for a 1200 Pip fall to 171 leve l. So, look for...

ProCFDTrader Updated 

Dear traders, in my previous EUR/USD idea, I advised you to Sell EURUSD@1.0960. As you can see, that trade gave us more than 120 Pips profit. Looking at the current price action, it seems EUR/USD will fall to the 1.0830 level once again. I do not recommend putting any new trades in EUR/USD at the moment. However, short-term trades can consider selling EUR/USD at...

ProCFDTrader

Dear traders, if you look the daily chart in GBP/USD, the last few candlesticks indicate that the bullish momentum is fading. Wicks at the top of the last three candles indicate mounting bearish pressure. Based on this, we can consider sell entries in GBP/USD@1.2730-1.2750 with SL above 1.2780 and TP at 1.2460 .

ProCFDTrader Updated 

Dear traders, in my yesterday's EURUSD analysis, I recommended selling EURUSD@1.0930 That trade is currently running in profit. If we look at the daily chart, we can see the formation of a long-legged Doji candlestick in the daily chart, which indicates indecision. However, as long as price stays below the 1.0930 level, the bias is tilted to the bearish side....

ProCFDTrader Updated 

Dear traders, in the daily chart of GBP/USD, we can see that the bullish momentum has faded in the last 6-7 days. After hitting the 1.2830 level, price is slowly retreating. Yesterday's daily candle is a long-legged doji which indicates indecision in the market . However, looking at the price action it seems 1.2720 is now a solid resistance in the hourly chart...

ProCFDTrader Updated 

Dear traders, GBP/JPY's bullish momentum is fading. If you look at the 4Hour chart, the last few 4H candlesticks have not been able to breach the resistance level. If this price action continues, we can expect a fall in GBPJPY to 180.84 level. Traders can consider selling GBP/JPY@183.60-183.80 with stop loss above resistance and TP at 180.80 .

ProCFDTrader Updated 

Dear traders, GBP/USD pulled back to 1.2720 at the end of last week. However, the current price action indicates that the rally is fizzling out. So, if the current price action persists, expect another fall to 1.2590 or lower. Short-term traders can take advantage of this to sell the rallies in GBP/USD

ProCFDTrader Updated 

Dear traders, Gold is currently at a critical level. The price of Gold is hovering around the 100-hour moving average. As the hourly EMA is considered an indicator of the short-term trend , we can consider the 1915 level as a key level for Gold. If the bears break this level, and price falls below the highlighted area in my chart, expect further decline in...

ProCFDTrader Updated 

Dear traders, GBP/JPY is on a strong uptrend for many weeks now. However, the uptrend seems to have lost momentum in the last few days. The current scenario can be compared to that of a melt-up. However, if the bears step in now, expect a quick fall in GBP/JPY. Watch out for a bearish price action to sell and expect price to fall to at least 172. Price is very...

ProCFDTrader Updated 

Dear traders, in my previous AUD/USD idea, I mentioned selling at 0.6720. That idea resulted in 120 Pips profit. Currently, AUD/USD is in a pullback phase after touching 0.66. Note that the area around 0.6692 is a dynamic resistance zone. So, if price struggles at this level, traders can consider selling at 0.6692-0.6702 with SL above the resistance and TP at 0.6475.

ProCFDTrader Updated 

Dear traders, in the 4hour chart of EUR/USD, we are seeing the formation of multiple bearish candlesticks. Looking at the price action, it seems like EUR/USD will drop to 1.0870 again. So, short-term traders can consider a sell trade in EURUSD@1.0960-1.0975 with SL above the resistance and TP at 1.0873

ProCFDTrader Updated 

Dear traders, in my previous idea I recommended about selling Gold at the 1955 level. As you have already seen, price dropped to 1910, a gain of more than 450 pips. Currently, there is the possibility of a potential double bottom formation in Gold if the minor support level at 1910 holds. Gold could rebound to 1940 level. So, if Gold doesn't fall below the...

ProCFDTrader Updated 

Dear traders, GBP/USD is currently in a consolidation phase. Price is moving in a 60-pip range between 1.2696 to 1.2758. Short-term traders can take advantage of this and consider scalping this range. However, long-term traders need to wait for a breakout. Keep in mind that the price is still above the 100 EMA on the 4-hour chart. So, the bias is still tilted...

ProCFDTrader Updated 

Dear traders, GBP/JPY is on a relentless uptrend for many days now. The current scenario can be compared to that of a melt-up. However, if the bears step in now, expect a quick fall in GBP/JPY. Watch out for a bearish price action to sell and expect price to fall to at least 170. Price is very over-extended from the EMA so, I do not recommend any long entries...

ProCFDTrader

Dear traders, AUD/USD has pulled back a bit after dropping to 0.6665 level. However, it seems like the current pullback is about to end. Price is struggling to cross the 100-hour moving average which is acting as a dynamic resistance in AUD/USD . So, my recommendation is to sell the rallies in AUD/USD. The short-term target would be 0.6670. If the minor...