Possible long opportunity on AUD/CHF as price touches at support in the ascending channel. Look for strong bullish rejection at the 0.6830 level before entering as well as signals from the MACD and RVI. The price will likely hit the 0.6910 level which is where I would take profits.
Possuble short opportunity for EUR/JPY as price retests an area of previous support. Following confirmation of rejection at this level and signals from the MACD and RVI, I will enter a short intraday position on this pair. Price could retrace down to the 125.30 level.
Possible long opportunity on GBPUSD. Price is an ascending channel and has recently touched at an area of previous resistance (1.3370). There is a possibility we could see a rejaction at this level where the bullish momentum could contiune up to the 1.3800 level. GPBUSD is a rather volatile pair to risk management is important here.
A possible short opportunity for GBP/EUR. Price has been in an ascending channel as has recently entered an area of resistance at the 1.1260 level. Following confirmation of rejection at this level as well as signals from the RVI snd MACD, I believe price could return to support at the 1.1128 level. Risk management will be important with this pair so remember...
A downtrend here with significant touches at the resistance level. A recent rejection at resistance at the 1.7690 levels calls for a short position as price heads down to support (1.7450)
Possibility for a bullish move for AUDCHF following a touch on the support line of the ascending channel. We have seen price touch this support line and a bullish rejection of this trendline has quickly followed. Following a rejection at support, I belive price could reach the 0.67330 resistance level Before entering a long trade I will look for clear...
Price has returned to the support level of the ascending channel. Previously, the price has rejected at this support line and turned bullish towards resistance. currently, the price is touching on the 200 day EMA. If price holds at the 200 EMA and the bulls come into play, I believe we could see some bullish momentum for GBP/EUR towards the 1.270 level (an area...
There is an oppotunity for bullish momentum for GBPAUD. Price is at a support zone (1.80271), where price has held at this zone on 3 previous occasions. I believe that we could see history repeat itself self and should the support zone hold, we could see bullish movement up towards the 1.8300 regions. Before entering a long trade, I will seek strong bullish...
EURJPY has touched its support zone (123.15) once again. Previously, the price has reached support and rejected, turning bullish and reaching its resistance zone again. After reentering its support zone, I believe the price could reject this region and turn bullish heading back to resistance. Before taking this long trade, I will look for clear confirmation of...
CHFJPY has returned to a level of support at 113.97. In this area, we have seen previous strong bullish momentum to the upside. Following confirmation of rejection at this support level, I will enter a long trade; being cautious if the price reaches the 200 day EMA on the 4H as often the price can struggle to break the 200 day EMA.
Price is at an area of resistance at 0.69656. Price has been bouncing off the support rend line. Due to the recent rejection of the support trend line, I believe the price could break through the resistance level (0.69656) and reach 0.70388. Before taking a long position, I will ait for clear confirmation of a breakthrough of the resistance level. However, the...
Price has reached a level of resistance. I believe if we see rejection at this level, the price could turn bearish and reach support at 1.7569. Before taking this short I will look for clear rejection at the resistance level. There is some EURO news being released tomorrow at 10:00 am GMT and US news at 13:00pm GMT so this trade, if taken, will be managed...
A nice trade from today taken on EUR/NZD. Recently price has retested the downtrend line on two occasions, rejecting both times. I took my short at the 1.7193 level after confirmation of rejection at the trend line. I am still in this trade, I plan to come out before the European close. However, if you are a swing trader, I believe the price could reach support...
Price has entered an area of resistance. Before I take this short I will look for clear rejection at this level confirmed by closed 4H bearish candles. Price could reverse down to the 0.72217 level which is an are of previous resistance.
Price has entered a previous support level at around 115.40. The price did break above the 200 EMA however, after reaching the previous support level, this pair has struggled to produce bullish momentum and is consolidating. I will be looking to see if the price will turn bearish here, given that there has been a lack of bullish momentum and price has been...
Caught a nice long trade on EURNZD today. Price returned to an area of the price action (blue rectangle in between support and resistance) at 1.76473. Around this level, we have seen bullish momentum occur and so this is a level to keep an eye on. Once I received confirmation of rejection at this level (Close bullish 4H candlesticks) I entered a long trade...
Price has been ranging between support and resistance levels since the end of July. Recently, price broke through resistance on the 22nd of September. As price has now reverted back down to a level of previous resistance, we could see price reject at this level and at the 200 day EMA to create bullish momentum and move upwards. If there is confirmation of...
CADJPY is showing a bearish flag. The long downward trendline is the 'flag pole' leading up to the flag. In the flag pattern, the price makes higher lows and lower highs to make a 'flag-like' pattern. Eventually, price will break out of this pattern. The trend before the pattern was created was bearish with a dominant downtrend. It is likely that the price...