EURUSD bulls seems exhausted. With price being rejected THRICE at 1.1263, it seems EURUSD will reverse LOWER soon.
Even if price manages to go up, there are plenty of resistance at 1.1290 and 1.1305.
However, at this moment, EURUSD is likely to drop towards 1.1200
GBPCHF has bounced off it's TREND LINE support. If it manages to stay above the 100D EMA, then we can expect more upside towards 1.32 and 1.34. So, traders can look for BUY entries depending on BULLISH Price action
EURGBP is approaching horizontal resistance at 0.8675-0.8700. Besides, the 100D EMA at 0.8678 can also prove to be a strong hurdle.
So, traders can look for SELL at 0.8670-0.8710 with SL above 0.8740.
TPs can be set at 0.8500.
EURAUD is struggling at the RESISTANCE ZONE, indicated by the pink rectangle in the Chart.
So, traders can look for SELL at 1.6100-1.6127 with SL above 1.6150.
TPs can be set at 1.6000 and 1.5910 respectively
On last Sunday, I mentioned that Gold is likely to reach towards 1288 area where it will face STRONG RESISTANCE. As you can see, Gold reached 1288 area and REVERSED.
1288 area coincides with the TREND LINE RESISTANCE and also the RECENT HIGH
For this week, it's important to watch the PRICE ACTION at 1288-1292 area which I feel will be a VERY STRONG HURDLE for...
EURUSD is consistently trading in a very narrow range which highlights the fact that there could be a REVERSAL very soon.
That being said, it's quite evident that the cross is trading in a BEARISH CHANNEL(Blue channel in my chart).
Hence, it would be a good idea to SELL the rallies when price reaches the TOP of the channel.
There are plenty of resistances, at...
USDCAD's rally is failing at the 1.3500-1.3520 area once again. So, traders can definitely look to SELL at 1.3490-1.3510 with SL above 1.3560.
TPs can be set at 1.3415, 1.3380 and 1.3335 as shown in the chart.
EURNZD reversed from it's RESISTANCE and we can notice the formation of a candle with BIG WICK.
So, it would be good to look for SELL at 1.7070-1.7150 with SL above 1.7200
TPs can be set at 1.6900 and 1.6750 respectively.
Like every other X/JPY pairs, GBPJPY too has seen a heavy sell-off this week. President Trump's threat of higher tariffs over the weekend has rattled the markets. And, that has led to high demand in SAFE HAVEN Yen.
Besides, Brexit uncertainties and the UK's political landscape has also contributed to Pound's fall. The combined factors have led to a big decline in...
AUDUSD is consolidating at the bottom for quite some time now. Every attempt to break upwards has so far resulted in a failure.
However, if you look at the chart, we are approaching a MAJOR SUPPORT on the weekly chart.
This presents a HUGE BUY opportunity for long-term traders. Even short-term traders too can look towards buying AUDUSD at every dip.
At the outset, I would like to clarify that I am BULLISH ON GBPUSD LONG-TERM and I published my idea last week where I advised buying the dips at 1.2880-1.2910.
However, for short-term trading set-ups, I am looking for potential SELL opportunities.
As you can see, there is significant resistance in the 1.3110-1.3140 area and the price has been rejected multiple...
Dear Traders, my previous idea on EURUSD worked well and anyone who followed is already on 120+ pips profit.
For signals, charts and analysis, check my signature(link)at the bottom of this idea.
Right now, I want to draw your attention to a Potential SELL Trade that might take place soon.
As you can see, EU is ranging inside the BEARISH CHANNEL.
Hence, I would...
GBPCAD is approaching Trend Line Resistance which has stopped the price multiple times.
So, traders can look to sell GBPCAD at 1.7467-1.7480 area with SL above 1.7520.
TPs can be set at 1.7400 and 1.7350 area. This is a low-risk set-up.
For real-time FREE SIGNALS, check my signature(link)at the bottom of this page.
As you can see from the chart, we are now at the lower end of the wedge.
There is chance for a BUY ast 124.54 with SL below 124.30
TP can be set at 125.10 and 125.35.
For INSTANT FREE SIGNALS, check my signature(link) at the bottom of this idea.
In the daily chart, USDCHF is showing bearish candlestick formation for the last 4 days. Candles are having small bodies and long wicks with each candle unable to break the previous high.
Hence, it might be a good idea to go short at 1.0195-1.0220 with SL above 1.0250.
TPs can be set at 1.0130 and 1.0080 respectively.
For FREE SIGNALS, Charts, and analysis; check...