TheFxAce

TheFxAce Updated 

This pair is at a crucial point. What happens here will set its course for the next few months or even longer. Last week, it went above 150, but then there was a big drop. It seems the Bank of Japan (BOJ) stepped in, just like they did last year. When they did that last year, the price dropped over 2,000 pips in the following months. Will the same thing happen...

TheFxAce

This pair is getting really close to its lowest point from last year at 0.94, and I'm beginning to lean towards buying. Here's my thinking. I believe we might see it drop below 0.94, but that could just be a quick move to trigger stop-loss orders, with lots of them set just below that point. If it does drop below 0.94, it might happen quickly, with a sharp fall...

TheFxAce Updated 

This pair is fast approaching a key, higher weekly resistance level at 1.73, which was the origin of a more than 3,000 pip drop in 2022. The price has retraced all that move, and in August, we saw a significant 1,000 pip drop on the first test of this resistance, with the price slowly making its way back up to this level. We can see a weekly trend line being...

TheFxAce

Looks like the stars might be lining up for a big drop in this pair. Here's what I see: three big signs (or "confluences") are showing up, suggesting either a quick drop or a longer downturn that could last months. The first confluence is that we're in a Monthly SUPPLY/SELL zone. This is where prices dropped over 2,000 pips back in 2015, making it a prime focus...

TheFxAce

Looking to SELL this pair on a final push up towards 1.51 here's why. This level is very strong Weekly & Monthly resistance level and is the top of a sideways range that has been in play since 2021 each it has come to the top of this range there has been a strong reaction see the daily chart image below. Price managed to push above 1.50 on Monday before...

TheFxAce

This pair is on the cusp of a pivotal higher time frame zone that could trigger hefty selling. Recall last week's spike? Prices surged, barely grazing the 1.39 mark before tumbling nearly 300 pips by week's end. This week, however, prices have retraced almost entirely, hinting that buyers might be gearing up for a shot at the 1.40 level. That 1.40 mark is...

TheFxAce

BTC is looking great for buying the pullback towards the 32k mark here's how I see it. We have broke out of a key resistance level around 32k with a weekly close above this level with price running into some resistance at 35k which is actually a Monthly swing low from last year hence the stall in price. The next likely path is a pullback towards the buy zone...

TheFxAce Updated 

This pair has grabbed my attention once again, following my last trade idea back in August where I thought the price had peaked (and I still think it might have). We saw the price drop initially, just touching 160, which was around the first target I mentioned in my previous idea (you can check my related post for details). Since then, the price has been going...

TheFxAce

As we're on the brink of breaking below the 0.63 support, which has held steady for the past couple of weeks, and considering the lackluster strength in the recent upward bounce, it appears that a downward breakout is in the cards. Taking a peek at the weekly charts, we spot a couple of intriguing levels just below, which are likely to catch the eye of potential...

TheFxAce

I find this pair interesting, and there is a bias for both a long and a short trade, which I'll explain in this post. Let's start with the short trade idea. Last Friday, there was a significant move as the price broke below the 1.105 support level, which had held since August last year. The price dropped to the next support at 1.09 and has since bounced back...

TheFxAce Updated 

Since the close of last month, this pair has seen a sharp decline, plummeting almost 1,000 pips. Notably, for 16 consecutive days, it's registered a new low. Given its extremely oversold conditions, and it has now entered a Daily BUY/DEMAND zone, beginning around 1.64. As a result, I anticipate a short-term upward correction, potentially reaching the Weekly...

TheFxAce Updated 

The 2020 flash crash low of 0.53 is nearing, so I'm beginning to accumulate a long-term position. The reasons for this trade include the imminent approach of the flash crash low. You'll notice that the price is gradually declining towards this level. Every time a new low is established, buyers enter the market and push prices back up, a clear sign that an upward...

TheFxAce

If you read my trade setup on this pair from July, I had predicted a decline below 0.86 followed by a rebound surpassing 0.88, settling within the monthly range. The lowest point reached was 0.855, followed by a consistent bullish trend for 12 consecutive weeks. As a result, the price appears overbought as it enters a Weekly SUPPLY/SELL zone and approaches a...

TheFxAce Updated 

This is a follow-up to the idea I presented last month regarding this pair being severely overbought on longer timeframes. The existing price action strongly suggests that a downward cycle is imminent. Here's my rationale. In the past three weeks, each weekly candlestick has initially surged to new highs before experiencing a significant selloff in the second...

TheFxAce

After finally breaking out of the long term resistance @ 1.91 area in July the market made a strong rally stopping shy of the 2.0 price level which as we have seen was a strong resistance level. Is the sell off from this level just some profit taking and are buyers getting ready to position themselves back in the market around 1.91 for another push higher towards...

TheFxAce

What lies ahead for GBPUSD? Personally, my focus is on identifying opportunities to buy during price dips below 1.25 towards the BUY/DEMAND area starting at 1.242. Here's why. Back in June, I outlined a potential path for this pair following the breakout of the 1.24 weekly resistance level. I anticipated a minor retracement to that level and then a leg up ...

TheFxAce Updated 

Continuing from my previous idea shared last month (refer to the related post below), the market has played out exactly as anticipated. The sell-off occurred as expected, taking place at the Monthly 0.618% Fibonacci level. The Monthly candle closed back below the crucial 1.10 resistance level, ultimately confirming that the breakout was indeed a fake one on the...

TheFxAce

We're approaching a pivotal zone on the charts. The price is trending downward, nearing the 0.95 mark. This level marks the beginning of a Weekly BUY/DEMAND zone established in September of last year when prices plummeted to an all-time low of 0.94. The Daily chart, linked below, shows the price steadily descending towards this key level. he most likely path...