Hello fellow risk takers
Sellers were decisively rejected last week upon their re-test of the previous low indicating a built-up of buyer's momentum. We may see the pair beginning and extended rally beginning this new week.
Trade well and take care!
Hello, fellow risk takers.
USDZAR, with a strong positive correlation with USDCAD, has broken and deeply re-tested the ascending trendline of support. We can expect the pair to plunge further in the forthcoming weeks.
Trade well and take care.
Hello, fellow risk-takers
USDCAD is overall bullish in the long-term but lacks momentum to form new higher highs. The pair is likely to fall to previous lows in order to collect momentum where there's a lot of buyer's liquidity.
The chart demonstrates the idea very well.
Trade well and take care.
Hello fellow risk-takers
CHFJPY seems to have fetched sellers' liquidity at its recent high. A bearish pressure may be expected to heavily build up from here onwards. The first conservative target 121.904 promises more than 200 pips from the current price 124.501 and the second profit target can fetch over 400 pips to 120.086. A stoploss above the recent high...
Hello fellow risk-takers,
AUDNZD is set to resume its uptrend following a deepening retracement. The pair is basing out building a bullish momentum indicating the retracement may be over.
The pair can be expected to fetch at least 200 pips. A medium-term holding stamina may be necessary.
Trade well and take care.
____
*This information is presented for...
