RuairidhFX

RuairidhFX Updated 

Hello Traders Bit of a simple play today in the form of a basic "M" shape playing out on GBPJPY. As you can see there is some support recently at this level, the price will hopefully rise again to 135.300 before bottoming to create the letter "M". I'll be waiting until price shows signs of reversal in red ellipsis around 135.300 mark on 1H and 4H timeframe...

RuairidhFX

Hello trading friends As you can see by todays analysis EurCad has made it's third test of daily support in this area. Hoping by end of play tonight it closes above we can expect to see a long take place at least until the top of the wedge, however given the strength of support at this level I am ready to react to it going above this level. Stay Safe...

RuairidhFX Updated 

Hello Traders, Welcome to my analysis of CADJPY. Here I've highlighted in the chart a rising wedge in the middle of a downtrend shown with higher lows and lower highs. I'm waiting for this pair to continue to the last bullish rally and then show signs of reversal around the 77.000 area. After signs of reversal and confirmation is shown I will be looking to...

RuairidhFX Updated 

Hello Trader friends. In AUDUSD this week we can see an area of support/resistance around the 0.648 area. I believe this pair will enter retracement this week, before making a push to the upside to rejoin the trendline. Hopefully this becomes more clear midweek as we can begin to see a "W" formation beginning and if it continues this pair could retrace to at...

RuairidhFX Updated 

Hello Traders. This week on AUDJPY, time is on your side with this pair. If 70.000 holds, there is going to be a push in the bearish direction with this pair. (Moves within red ellipsis) Once it breaks its smaller timeframe trendlines the pair could crash down to either 67.000 or 64.000. After this, depending on where new resistance areas may be, I could then...

RuairidhFX Updated 

Hello Trading friends Here we can see AUDCAD reaching what I would describe as a strong area of support/resistance with the trend line respecting it over a long period of time. I can see price taking this trend line into consideration again as it reaches the 0.915 area where it has been respected thoroughly in the past. Over the course of the week I would...

RuairidhFX

Hi Traders What we're seeing in GBPNZD is the break of an older trendline, one that's held for a good few months. However, as it's wedging, it's time for out with the old and in with the new. SO, what do we say?? GBPNZD is now bearish, I am looking for a downward push to 1.95, then a possibility of a retrace to 2.06 before another large drop. However, that's a...

RuairidhFX

Hello Traders, Something nice and simple in GBPAUD today! As you can see by the chart, a simple sell is in swing. Price expected to break level at 1.933-1.930, suspect will drop before retracing and dropping down to support at 1.87714. Will be setting TP for 1.89 if all goes to plan. Keep it simple and easy. Please share your views, like and comment and even...

RuairidhFX

Hi Traders Here is my outlook on EURUSD As you can see price has hit and retraced 1.07677, before I enter a buy I'm looking for price to retrace again. I will then be looking at 3 possible longs, to 1.099, 1.115 and 1.13. If price breaks 1.067 it will short to 1.066 before moving onto a bullish signal again and then further analysis if it breaks past...

RuairidhFX

Hello Traders Here's my analysis of EURGBP. I hope to see price retrace back to the area of 0.87 before making a push upwards toward 0.886. If price does retrace back into the red ellipsis I will be waiting for signs of reversal on a 4H and 1H chart before taking a buy. If price breaks support at 0.87 I wouldn't be surprised to see it drop to 0.84 area, however...

RuairidhFX

Hello traders. As we can see by my chart there is an uptrend broken by a falling wedge meaning there is going to be another push to the upside. Further analysis shows that when price was lower previously (Area 1) both bears and bulls didn't have much movement, and market went sideways until bulls took over and drove the price up. I have also marked (Area 2) a...

RuairidhFX

As you can clearly see, EURAUD broke out of a rising wedge and shot in an upward direction of around about 1.82000. Breaking its current support and showing me good strength in the currency. I do believe if it breaks out of the yellow rectangle, which showed to be a good area of consolidation last time it got so high, it will drop to the resistance of the wedge...

RuairidhFX

I see GBPUSD hitting the 1.26000 1.27000 mark before dropping down to around 1.18000. A high impact news week and a lot of heavy decisions. I can see the pair beginning to rise until further GB news regarding CoViD19. Please note: This is a personal view, not influenced by any other chart creators, follow this at your own risk as the next few weeks seem very...