SynergyCapital

SynergyCapital

Dear traders, GBP/USD has been unable to break the dynamic resistance on the 4-hour chart. Hence, the bears now have the upper hand. Minor support at 1.2160 exists, which if broken could open the doors to 1.19 As long a price is unable to break the dynamic resistance in the 4H chart, I would prefer to sell the rallies in GBPUSD. I have already sold at 1.2280...

SynergyCapital

Dear traders, USD/CHF is consolidating in the support level for quite some time. Although, the price has drifted lower, USD/CHF has not broken the support level. Please note that even on the daily chart, 0.9550 is a crucial level as the 100 Day EMA lies there. So, a reversal to the upside is quite likely at this stage. For traders looking to buy, a buy entry...

SynergyCapital

Dear traders, as I predicted in my previous ideas, GBP/USD rose more than 450 pips from the 1.1950 level. Currently, however, price has dropped quite a bit. Currently, GBP/USD is in an untradeable zone . So, I recommend traders to wait for price to hit a demand or supply zone before trading. If bearish price action is formed at the 4H resistance near 1.24 then...

SynergyCapital

Dear traders, USD/JPY is struggling to break the resistance level. As you can see, bearish candlesticks have formed at the 4H chart. I am expecting a decline in price of USD/JPY towards 132.50. I have already sold at 134.90 and currently holding the sell with targets as indicated in the chart.

SynergyCapital

Dear traders, selling EUR/USD at 1.0760 has been very profitable for us. We also managed to buy EUR/USD at 1.0365 and bagged 240 pips from the bottom. In this idea, we will take a look at the weekly chart to have a better grasp of the long-term trend of EUR/USD. Currently, EUR/USD is sitting in a very crucial area. It's a level from where trend reversal...

SynergyCapital

Dear traders, selling Gold at 1870 was quite profitable for us. However, sometimes, looking at the weekly chart helps us gain useful insight into the long-term trend of an asset. Since 2019, Gold has consistently traded above the 100-week EMA. I n addition to this ,the 100-week EMA has proved to be dynamic support to Gold on multiple occasions as shown in the...

SynergyCapital

Dear traders, if you have been following my updates you already know that we have been selling GBP/JPY since the price hit 168.40 and we have secured 800 pips profit when price dropped to 160. Since then, GBP/JPY has retraced quite strongly after hitting the 100-day EMA at 160. Currently, GBP/JPY is in a tricky area and it is a little difficult to anticipate the...

SynergyCapital

Dear traders, bolstered by the increased demand for US Dollars, USD/CAD has been in a strong rally for the past two weeks. However, a bearish candlestick has appeared in the 4Hour chart, and that too in the supply zone which makes it quite significant. If the bulls fail at this level, then we can see a strong decline in price towards 1.2750. So, I will be...

SynergyCapital

Dear traders, Gold has bounced up from the support level as expected. However, the 100 day EMA is proving to be a strong resistance for Gold. It would be interesting to watch how Gold behaves around the 1875 level. If Gold bulls can convincingly break this level, then it would open the doors to 1900 and beyond. In the short-term, I expected Gold to reach the...

SynergyCapital

Dear traders, EUR/USD has bounced off from the 1.0380 level as I mentioned in my previous idea. So, whoever bought at that level certainly made 230+ Pips profit. I am attaching the previous idea below for reference. Currently, EUR/USD is facing some resistance in the 4H timeframe and price has gone through some pullback. However, in my opinion, EUR/USD will...

SynergyCapital

Dear traders, in my previous GBP/USD idea that I published, I told you to buy GBP/USD between 1.1930-1.1980. If you followed that idea, you have earned +350 pips. Previous idea is pasted below for your reference As per my prediction, price has bounced off strongly from the support zone but currently price is facing some resistance in the 4H chart. So, I would...

SynergyCapital

Dear traders, if you have been following USD/CHF , then you have certainly anticipated the fall in this pair. The interest rate hike by SNB just gave the much-needed impetus to this rapid fall. In fact, other pairs like AUD/CHF and CAD/CHF also fell rapidly as price was at a resistance level. I personally milked USD/CHF, CAD/CHF and AUD/CHF over the last few...

SynergyCapital

Dear trader, we have made a very good profit with our previous Sell signal on EURUSD@1.0760. I hope you made money too as I shared the signal in my previous EUR/USD Idea. At present, EUR/USD is in a historical support level as you can see in the chart. In fact, the price has already bounced up more than 80 pips in an impulsive move. However, as you know the...

SynergyCapital

Dear traders, we hit the jackpot on the previous Gold Trade as I published a signal to sell Gold at 1870 with 1825 as TP. I am pasting the previous chart and signal below so you can understand the analysis. Currently, Gold has bounced up a bit from 1810 level. However, to be on the safe side, I will not be buying yet. In fact, I will wait for another...

SynergyCapital

Dear traders, a week ago I predicted that GBP/USD will drop below 1.22 and that's why I published a signal to sell it at 1.2570. I am pasting the previous chart below so you can take a look and understand the analysis. So, if you followed the signal, you have already made a huge profit of 500 pips. Currently, you can see that GBP/USD is at a historical support...

SynergyCapital

Hello traders, with the carnage that's going on in the Global Financial markets, it's really not a surprise that US Dollar is gaining strength across the board. Adding fuel to the fire are the talks of an upcoming recession and stock market crash. With that in mind, let us take a look at what is happening in USD/JPY. As you can see, the price has rallied very...

SynergyCapital

CHFJPY is currently in a downtrend. However, the current pullback on the hourly chart gives us a nice entry to go short again. A rejection candlestick has also formed on the 100 hour EMA. I have already sold at 135.75 and currently holding the sell with 134.20 as TP

SynergyCapital Updated 

Dear traders, in the 4hour chart of GBP/JPY, you can see that a few bearish candlesticks have formed in the resistance level. This could be a potential double top from where price can decline. GBP/JPY is also over extended from it moving averages in all the major time frames which means that a correction could be well on the way. If price is unable to break...