This pair broke out of the channel it was long in. with USD news around the corner, a dump in USD will give us the opportunity to get our USDZAR long orders filled. I'm placing mine at 14.44 and 14.34 respectively. hopefully, USD will go down.
USDCHF broke out of the channel. it's now looking to retest the lower bottom of the channel which was once support. it'll now act as resistance. short orders can be placed in 1.0040 - 1.0045 range. stop loss is at the top of the channel. I'm in!
USDCAD is in clear uptrend, but we've a short opportunity on a small time frame (30 minutes). as the chart shows, it has broken to the downside of the bull flag. bulls have failed to continue to momentum and break the flag to the upside.
Previous resistance 1.3417x will now act as support and that's where we can close part or full short to book profit....
This pair has lost more than 200 pips starting 17th April, it has found support near 0.698xx it's currently trading near 0.701xx range and I'm seeing it go further up. A retrace is due here. Some high impact news is due tomorrow which will likely help traders push the price up.
EURO started moving in a nice upward channel starting 2nd April. 1st sign of exhaustion can be seen on 12th April, followed by the one on 17th. Finally, we've seen a big dump on 18th which broke upward channel to the downside with a massive 75-80 pips movement.
The pair is currently trading near 1.1245 range and the nearest level of support can be seen at...
AUDUSD is going down from past 6 days. It made a high of 0.7205x and has been going down since then. After losing around 100 pips, it's currently trading near 0.7102x range and presenting us with a long opportunity right here. It's trading in a upward channel and currently trading near the bottom of this channel. If the bottom of said channels holds, we'll have a...
XAUUSD is hovering over support. This pair is in uptrend and we've the time to buy the dip (unless it proves to be reversal later). SL should be 1299 TP is 1340 Huge risk to reward ratio right here. I'm game.
USDJPY is bouncing nicely off of previous resistance which is now turned support. Stop loss should be 110.800 Take profit 111.120 If this idea works out, we'll be looking at 32 pips profit. I'm in at 110.838 and 110.847 Game is on! feel free to comment, share your opinion :)
