After 120 pips bullish run on Friday, EURUSD opened the week under a downside pressure. The pair tested 1.16880 of MA200 on H4 chart. And bearish pressure started. EURUSD need some fundamental catalysts to break above 1.16800 resistance. We do not see any important fundamental catalyst to trigger the bullish reversal on EURUSD pair. Bearish Consolidation seems...
H1 Chart timeframe As described in the chart. Wait for the breakout of EMA 50. Visit our web for more.
EURUSD moved above 1.16000 – triggered by the EU migration deal – If EU summit failed to reach consensus, the EU’s unity would have likely shattered. More importantly, the failure to reach a deal would have brought down German Chancellor Angela Merkel’s coalition government. The pair is trading at 1.16600 as of writing, which opened at 1.15600 in Asia. The...
As shown in the chart Targets 111.100 and 11.1.390 Good Luck
Our latest GBPUSD Trade Idea was a LONG trade based on Bullish Harmonic Pattern and we have reached our first target at 1.33000. Triggered by the last week’s BoE Rate decision, Cable hit 1.33150 and pulled back almost 120 pips. Price tested Fibonacci 50 % of the latest XA move. Currently, it is trading at 1.32240 Fibonacci 38.2% If the price breaks below...
Bearish Flag in the H1 Chart confirms the attached Bearish Harmonic Trade Good Luck
As described in the chart. Note: Entry alert will be sent to Premium Members. DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
EURCAD Short Support Breakout and Bearish Triangle Levels shown in the chart
Total supply of 1 million barrels from Saudi Arabia and Russia in the upcoming period could cover only the half of the 2.43 million barrels/day supply cut of Iran (if all states conform to the US) . In the current situation of Iran’s daily oil exports of 620 thousand barrels China, 560 thousand barrels of the EU, 470 thousand barrels of India, 400 thousand...
Description: As seen in the H4 Chart Timeframe, AUDNZD completed a Bullish Inverted Head and Shoulders pattern as a reversal of the minor downtrend. Our targets are 1.08300 and 1.08900. If the trade works as predicted we will look for a short opportunity at D leg based on bearish harmonic butterfly pattern. So our AUDNZD Trade Idea: TRADE: LONG ENRY:...
XAUUSD GOLD Gold prices slipped on Wednesday, sat near a more than six-month low as the dollar steadied amid seemingly easing trade tension. U.S. President Donald Trump suggested during a meeting with lawmakers that his administration may switch to foreign investment reviews under the Committee on Foreign Investment in the United States instead of imposing...
Dragon is likely to test 145.850. If it breaks out the TL , the next target will be 147.200 as shown in the chart
OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a “measurable” supply boost but giving no specific numbers. Details : chartreaderpro.com We might see the prices declining coming week.
Gold Forecast – Fundamentals : Gold is trying to find support after hitting a six-month low earlier last week, most of the market players were waiting for the reawakening of the metals’ safe-haven appeal amid a complacent market in the face of trade war fears. However, we did not see a remarkable upside price movements. There are some significant reasons for...
Fundamentals: On the Sterling side, we will have a quite London session with no major macroeconomic data release. Brexit negotiations continue to grind to a stuttering halt, with key drafts from the June EU summit showing little to no resolutions to the current Irish border issue, and the EU’s Bernier is warning people that they need to be prepared for all...
GBPAUD forming a potential symmetrical triangle pattern. If the price breaks below 1.78000, 1.77700 will be tested. This is our area of interest of short opportunity. Break and close below 1.77700 may carry the price target zone 1.76800 – 1.76500. Entry alert will be sent to premium members with the Stop Loss and Take Profit Levels. DISCLAIMER: This is a...
As we have mentioned in our forecast, CRUDE OIL made the pullback. Rejected MM 2/8 and EMA 50 . Levels as described in the chart
Break and close above the neckline as shown in the chart. Entry alert with SL and TP will be sent to P Members. DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money