- The pair is being traded at 1.4838 at the time of this report. - EUR has soared recently against other majors -CAD has been under pressure recently in light of recent data and Oil price decline last week . - Yet 1.485 is a strong resistance level and hard to see the pair breaking through this level. Bearish structure may start forming, prices may break bellow...
EURGBP – Swing trading setup - Bullish technical structure may be valid during the near future ( mainly as a result of weak pound) - We may see the pair breaking through the wedge Finally - The level 0.888 has been a firm support level during the last recent days
Short term trading setup - Short Level 0.71815 has been a strong resistance line since July Your target - 0.703
- The pair value smashed after ECB comments on QE (draghi speech last friday) stopped at 1.427 S.L - Short term trading setup : long Please feel free to comment,
Long - position trading setup do not set up your stops too close
This is a position trading setup : Main Talking points: - first bullish cycle at early stages. -the pair at wave 2 (strong dollar in light of rate hikes by the fed - see futures on fed odds to hike rates up to the end of this year and ECB decision) - we may say the pair pushed down further in the short term. It is not recommended to set your stops tight in...
Short, This may be the last movement within the triangle. The pair is moving for a long time around the pivot level 74.5
This is a midterm trading setup: Main talking points: 1- GBPAUD is trading around 1.690 at the time of this report. 2- Manufacturing PMI under the spot line at 08:30 GMT 3- the level ish in 1 may be a signal of trend exhaustion 4- we may see the pair starting a reversal move toward a resistance level as it appears on the chart 5- this is a midterm trading...
Main talking Points - US dollar has gained value in recent days against its major currency counterparts. - 1 may be a technical correction in light of the above point - USD/JPY may struggle to break through the trend line established since early September making the downward slope trend line a strong resistance level, we may see the pair under sell pressure...