The chart of the GBPJPY pair is very similar to that of the NZDJPY. Thus, we can see that prices seem to start a rebound on the trend line. So I try to take a bullish position with a stop loss placed at 150.60. A short term target at 152.50 is by no means impossible.
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The chart is not very meaningful but it seems that the price of the pair NZDJPY wants to start rising again. The risk / return ratio is very favorable and it would be a shame not to give it a try. I will therefore take an upward position on the pair with a stop loss positioned at 76.95.
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The price of the audchf pair has just tested a long term trend line which could be used as support to initiate a bullish rebound in the short to medium term.
In this context, I think the risk / reward ratio is very favorable given the recent drop that occurred on Friday. So I take an upside position on the pair with a stop loss at 0.6555.
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The AUDUSD pair has just tested the last low of August 20, 2021. The price doesn't seem to want to break down this zone. Given the ongoing downward pressure that has lasted since October 29, a bullish breath cannot be ruled out.
It is for this reason that I am considering a return to 0.72 or even 0.7250 in the coming days. My stop loss will be positioned at...
Recently, I learned about Ultra, a blockchain project whose goal is to revolutionize the world of video games.
The idea behind this project is to offer a new way of consuming dematerialized games by using the power of blockchain and NFTs. Today, online platforms do not allow full ownership of a game purchased online. For example, you cannot resell your game to...
Reports of the emergence of a new variant of COVID-19 in South Africa questioning the effectiveness of vaccines appear to have caused a possible trend reversal in GBPUSD. Indeed, the pound had devalued sharply against the US dollar in recent weeks.
From a technical point of view the candlestick has stopped at a support line which could mean that a run up could...
After rising steadily for several weeks, the Canadian dollar seems to have come to a standstill.
Why? Last Friday we saw the CAD drop sharply against all other currencies. Concretely this would mean that the AUDCAD pair could start to rise again. The candlestick shows that prices have stopped at a weekly support.
It is for this reason that I see a great...
The pair should continue its short term downtrend movement. The price is in fact blocked by the oblique resistance H4.
In this configuration the best option is to place a short order with a stop loss above 0.6789 and a take profit around 0.6640.
As I said previously on my GBPJPY analysis. The price is currently following a downtrend line. So in this configuration the timing to attempt a short order here is really interesting. So I decided to place an order at 80.80 with a stop loss at 81.40 and a target at 79.50.
Regarding to the chart I can easily see some correlations between EURJPY and CHFJPY. (See my other analysis on EURJPY).
The trend lines are pretty similar here. I have no other choice to take a short order at 119.75 with a stop loss at 120.30. Firt TP is placed at 119 then second TP at 118.50.
The price has reacted positively on the test of the uptrend line daily around 1.9370. In this context, I think that it could be an interesting opportunity to place an order around 1.9500 with 2 targets at 1.9650 then 1.9775.
A stop loss could be placed below 1.9365.
The pair ETHUSD has tested positively a horizontal support around 2740 earlier today. The D1 candlestick shows a long lower shadow which could announce a resumption of the rise.
I placed an order at 3030 with a stop loss below 2730 and targets around 3600 then 3980.
The probability to see the pair GBPCAD triggers a rebound this week is pretty high. The configuration would be invalidated if the price slided below 1.7050. If it's not the case we could see the pair reach 1.7250-1.7350 in the next days.
The pair has initiated a rebound on the uptrend line daily. This means that there is an opportunity to see the price continues to rise at least until 0.8820 then 0.8860 in the next days. If the price goes below 0.8730, the strategy will be invalidated.
The pair EURUSD after going down from 1.19 to 1.1560 will potentially triggers a rebound from 1.1560 to 1.17 at least. The pair need more room to potentially starting a new drop. So I placed an order from 1.1590 to 1.1700 with a stop loss at 1.1555.
After increasing by 200 pips from 1.0280 to 1.0490, the pair AUDNZD could drop until 1.0400. The price has reached a downtrend line which seems to be a key resistance area. There is an opportunity to grab some pips here from 1.0470 to 1.0400 with a stop loss at 1.0500.
The pair is under horizontal resstance. The last red candlestick D1 shows that the price may drop more at least at 0.9300. A stop loss can be placed at 0.9350 for 50 pips profit against 40 potwntial loss.
The pair could go back to 12650 according to the chart. The price has stop its falling right on the trend line. In this context,
I placed an order a 12540 with a stop loss at 1.2500 and a target at 1.2650.