alextradesx

alextradesx

AUDNZD Analysis - The pair is currently in the 4th day of its losing streak. We are waiting for the price to clear the 1.05800 territory in order for us to have a clear bias. Pair is currently trading at the demand zone, but due to the RBNZ Interest decision, we won't anticipate a rejection. Should the price action break this level, we could take a short...

alextradesx

AUDUSD Analysis - The pair is currently trading near the daily resistance. This is where we are looking to trade it. Our bias for the pair is bearish, however, we are prepared for both scenarios (see last screenshot) (1D) We've seen a rally of circa 60 pips yesterday, but the move's been corrected on the Asian Trading Session. We would like to see a clear...

alextradesx

We've seen two consecutive fails on this pair, plus a daily evening star pattern formation. The trade was taken based on the daily structure. RR is good to go at this point, we are looking to sell until the next psychological support point.

alextradesx

AUSUSD Analysis - Pair broke our designated trendline and the resistance zone marked up on the chart. Ideally we would like to see a retest ( which is on the way ) in order to trade this pair.

alextradesx

Price broke the hourly resistance and might test the higher timeframe resistance at 0.64422. Wait for a confirmation on the current support in order to enter long.

alextradesx

NZDJPY - The first pair we are going to look into today is NZDJPY. We have seen a strong rejection off the 65.300 zone which is a strong resistance. However, we would like to see the chart printing a powerful bearish move before entering our trade. Update - The 4hr candle didn't close bearish so we are now looking for a double top structure at 66.000 resistance zone.

alextradesx

Looking to hit the support once again in order to take longs on this pair as opposed to NZDJPY. However, the risk:reward at the moment is not there, so looking for a drop to 116.800-116.700 in order for this trade to be feasible.

alextradesx

Nice confluence of zones, we are now trading at a support zone as well at the upward higher-timeframe trend line. We are waiting for a break/retest of the trendline or rejection of the zone in order to look for trading opportunities

alextradesx

NZDUSD - approaching a big resistance zone, 0.618 Fib Retrace, look for confirmation on lower timeframe for short positions.

alextradesx

AUDCAD - The pair was down-trending in our channel, for both the western and eastern sessions. It looks good for a short but will looking for further confirmations on a higher timeframe.

alextradesx

EURUSD - One of the most stable pairs there is, right now trading at the demand zone @1.083x. We can still look for shorts within the channel, downwards. There is still room until the support is hit @1.066xx Disclaimer: Please be aware of the fact that this trade will be taken under the most favorable circumstances and can be altered without prior notice. Only...

alextradesx

USDCHF - waiting for a confirmation of the bullish pressure in order to grab some short entries. Trend line broken on higher timeframe, price is not slightly above 0.618 Fib retracement. Disclaimer: Please be aware of the fact that this trade will be taken under the most favorable circumstances and can be altered without prior notice. Only take this trade if it...

alextradesx

Waiting to see some kind of bullish bias break of the resistance in order to trade this pair, but looks promising.

alextradesx

NZDUSD has traded quite nicely for the last week, showing us that its price is printing within our downward channel.

alextradesx

AUDUSD has broke the upward channel, looking to short this pair until is reaching 0.58-0.59.

alextradesx

AUDNZD Trade Forecast While this pair has recovered some of its pull, consolidating to reach parity, it has now began to decline in an downward trend. Our analysis shows that 1.01-1.02 is a strong resistance point, and we are looking to short this pair at the pullback. Entry : 1.021x - 1.020x Stop Loss : 1.024x Target : 1.01x Disclaimer: Please be aware of...

alextradesx

CADJPY has been ranging since 6th of March, failing to provide us with higher/lower chart points. On the larger scale, this is normal due to multiple governments regulations being approved on both sides in order to tackle the COVID-19. However, our technical analysis is showing us that the market could potentially be ranging even more, until it reaches an...

alextradesx

USDJPY Price forecast The USDJPY pair has maintain a bullish stance since the beginning of the month surpassing high after high after declining from the same level it is now trading last month. The short-time analysis is showing that for the moment bulls are taking a break from the rally and the bears might intervene due to the struggle to extend gains on the...