GBPUSD pair sustained unexpected downside due to brexit decision, the pair continuously trading between rising channel respecting other moving averages and support and resistance lines. The pair is expected to touch 1.30155 level as channel resistance before again going towards channel support. MACD and RSI indicators on daily chart are also showing bullish entry...
USD CAD pair has resumed downtrend after it failed to trade above the rising channel, the pair is expected to touch channel support at 1.34994, indicators RSI has turned nevative from overbought territory and MACD crossover is about to happen, a short entry with target 1.34994 is seen in couple of days.
GBPUSD as enters in 2019, likely to break 1.28140 level to move further more up to 1.31806 the next resistance 200 SMA, currently pair facing stiff resistance at 50 SMA/EMA, regardless other indicators MACD/RSI still indicating bullish sign. A fresh long entry is seen once it closes above the 1.28145.
EUR/USD has been trading inside the rising channel, the momentum might continue till 1.15253 with SL 1.13690 (50SMA) which the pair respected. MACD and RSI also showing bullish momentum.
EURAUD has been trading in down trend and it gradually forming a falling wedge pattern which signs a bullish signal after the breakout, the pair is approaching the wedge resistance 1.43838, it seems it may further trade down and will trade towards the wedge support after touching the resistance, traders may enter short at 1.43800-38, with 10 pip stop loss above...
AUDUSD, the pair has broken uptrend and after falling three consecutive days it shown some strength and gradually traded higher high and today it has been forming a bearish flag pattern, traders may enter long up to the target of channel resistance 0.75000, with stop loss 10pip below the channel support. alternatively if breakout occurs downside then bearish flag...
NZDUSD paid has broken the uptrend journey and breakout occurred at 0.71052 and set the downtrend, it has today retested the resistance and reversed making false breakout. traders may enter short in this pair with a target of 0.69600 in near term, and set stop loss 10pip above the resistance.
USDJPY the pair shown great strength since Trums's win, and traded higher high every day, now it seems bears are coming in and taking control. pair has already touched long term resistance and broken uptrend channel and today it retested the channel resistance again which is a good opportunity to enter short. Short USDJPLY at current price.
GBPUSD after a long down trend has been gradually moving in upward direction, it has been trading in bullish channel respecting support and resistance, trader may enter long at 1.21167 with target of 1.28625 in near term.
USDCHF pair saw huge ups and downs before the US presidential elections and after trump's win the pair rallied and has touched the trendline resistance and about to reverse towards its trend channel support 1.0000. traders may enter short on retest of the resistance or above 1.01227 again then short with a target of 1.000 in near term.
GBPUSD pair has been under pressure since brexit, it recovered after touching all time low 1.19048 and traded few weeks in up ward direction but it closed on weekend breaking the up trend channel support. The pair is now again heading towards the previous support 1.21229. traders may enter short this pair on retest of the new resistance 1.23838 with a target of...