linofx1

linofx1 P

↪️EURCHF was Trading in a downtrend along a descending parallel channel perttan. The price broke out of the channel and closed above it which made me bullish biased. Meanwhile the price is already retesting the broken support, now resistance from where I'm expecting a bullish continuation toward the target above...Trade safe 👍✅

linofx1 P

↪️ XAUUSD is approaching an important daily horizontal support level. The price may also pull back from the falling support trend line towards the target above. But, If the price breaks and closes below the down boundary, a bearish movement will be expected to 1914...Trade safe 👍✅

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↪️ USDCAD slumbs after the release of outstanding jobs report in the United States (US). From a technical perspective, the pair faced solid horizontal support with buyers piling in, driving the price up. Therefore, the pair could be pressured, with support at 1.3418, before testing 1.3400. Break below will expose May’s low of 1.3315...Trade safe 👍✅

linofx1 P

↪️ GBPUSD reached a key monthly structure support last week, while trading in a descending parallel channel perttan. I ​spotted an inverted head and shoulders pattern on 4H time frame and confirmed bullish breakout of a falling parallel channel. I believe that the pair will bounce soon towards the target above...Trade safe 👍

linofx1 P

↪️EURGBP is trading in a downtrend along a descending trend line. The bears take a breather at the yearly low as markets reassess the latest dynamics on early Friday. The recovery moves, however, appear elusive unless crossing a five-week-old descending resistance line. Meanwhile I'm expecting a Bullish corrective movement toward the target above...Trade safe 👍✅

linofx1 P

↪️AUDCAD is trading in a downtrend along a falling channel perttan. The price approached a daily strong horizontal resistance level and the channel resistance from where I will be expecting a rebound towards the target bellow... Trade safe 👍✅

linofx1 P

↪️ EURAUD was Trading in a local uptrend, but the pair reached a strong resistance level. Technically, ​the reaction of the price to that structure on 4H time frames, the price formed a double top formation with a confirmed neckline breakout. So, after the retest of the broken neckline the price will drop more toward the target below...👍✅

linofx1 P

↪️USDCHF is trading in an uptrend in a ascending channel perttan. Even though price action remains neutral, in the short term, a pullback is likely. But traders should know that the Relative Strength Index (RSI) indicator is bullish, so upside risks remain. An additional signal confirming the rise will be a rebound from the lower border of the bullish channel......

linofx1 P

↪️ USDCAD was Trading in an uptrend, but the pair approached a strong daily structure resistance. The market formed a rising wedge pattern and a double top pattern. Both the neckline of a double top and a support line of the wedge were broken. Note that the pair holds lower ground at the weekly bottom as it extends the previous day’s fall amid a slightly upbeat...

linofx1 P

↪️XAUUSD is trading in a downtrend in a descending wedge pattern. the price managed to break and close above a resistance line of the descending wedge pattern. In the near term, and according to the 4-hour chart, the bullish potential remains limited...Trade safe 👍✅

linofx1 P

↪️ NZDJPY is trading in a downtrend but the pair approached a strong horizontal support level from where I'm expecting a bullish correctional movement. But, if the price break and close below the Horizontal support level will bring more bearish pressure...Trade safe 👍✅

linofx1 P

↪️ EURCAD is trading in a universal bearish trend. Setting new lower low, the market started a correctional movement in a bearish flag pattern. The price finally broke its support, I'm waiting for the price to closed below that. Meanwhile, after the retest of the broken support, now resistance I will be expecting the price to drop more toward the target...

linofx1 P

↪️ AUDJPY was trading in an uptrend for three weeks now, in an ascending triangle pattern. But the price broke out from the triangle last trading week which made me bearish biased. The price is now retesting the triangle ascending support line, now resistance around 92.00, might directs the price toward the target bellow... Trade safe 👍✅

linofx1 P

XAUUSD is trading in a downtrend along a falling wedge pattern which made me bearish bias. The pair turned declined to the 1940 in the American session on Friday. From a technical perspective, any subsequent move up is likely to confront stiff resistance around 1952_60 strong horizontal support breakpoint. A sustained strength beyond might trigger a short-covering...

linofx1 P

↪️GBPUSD is trading in a downtrend within the descending regression channel perttan. The price has reversed its direction and erased a large portion of its daily gains on Friday after the data from the US showed that the annual core PCE inflation edged higher to 4.7% in April. On the downside, 1.2330 (mid-point of the descending channel) aligns as first support....

linofx1 P

↪️EUR/USD was last seen trading near the upper-limit of the descending regression channel near 1.0750. The pair came under renewed bearish pressure in the American session and dropped to its lowest level since late March near 1.0700. On the downside, interim support seems to have formed around 1.0720 ahead of 1.0700 mid-point of the descending channel and 1.0670...

linofx1 P

↪️USDCAD approached a strong horizontal resistance level which made me bearish biased, The pair retreats from the previous monthly high. Meanwhile, I'm expecting a rebound from the resistance zone towards the target bellow... Trade safe 👍✅

linofx1 P

↪️GBPCAD is trading in a downtrend below the resistance cluster of rising trend line and a strong horizontal resistance level. I will be monitoring the pair for selling opportunity around the resistance cluster... Trade safe👍✅