Tradeforthepeople

Tradeforthepeople

As you know from my previous analysis were all waiting for the price to retest its key resistance yesterday and we were able to see the price action push back up to its key resistance level and retest but it seems like the bulls have run out of gas to break through that level and had formed a double top . RSI also indicating an over-brought territory We also have...

Tradeforthepeople

hey guys hope everyones having a good day whereever you are. AUD/USD was able to have a good push to the upside but we have reached a very strong resistance point and from the fibonacci 0.381 area we were able to identify that zone acting as a strong support/resistance area. I will be taking a short in the short term to see if the overall trend is ready to flip...

Tradeforthepeople

Rising wedge pattern forming. The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows Also the price is struggling to break the 200EMA We will see a pull back before it decides to push its price higher.

Tradeforthepeople

We are still in the descending zone for AUD/NZD. It had a good push to the upside but it has hit its strong resistance point. I would like to see the price pull back to the 200EMA/previous short term resistance before making another push to the upside. RSI shows negative divergence and strong over brought levels

Tradeforthepeople

Hey guys hope everyones having a good day/good night whereever you are. As we all now we have been waiting for signs of a trend reversal for the Euro/gbp pair and recently it was able to find support and break through its short term resistance level. The price has made a good upside movement but has now hit its historical resistance/support level as shown in the...