Hello, Given the repeated failure of CHFJPY to conquer five-week long resistance lines, the pair is likely to decline to 109.45 and 108.95 supports for now; however, 108.20 could limit the quota's downside to 108.95, if not 108.45 & 107.60 could regain market attention. If the trading to the south continues at all prices below 107.60, the recent low around 106.35...
GBP NZD - Daily Chart - After seeing a good downtrend, looks like the pair is trying to reverse. Inverted H&S is still in process. Pattern will be confirmed only on breakout. But seeing at the Chart Structure, looks like it will. Patience is the key here. Now as pattern is identified, we will have to wait for breakout before initiating the long trade. Further,...
Good consolidation seen on 4 Hourly Chart of Gold. Biased seem to be Bullish. Will have to wait till breakout before initiating another long trade. If we do see breakout, the price might head till 1315 levels. Right now Patience is the key.
Currently Silver is within consolidation on Hourly Chart. It has taken support multiple times in the range of 15.450 to 15.550 which is very akin to 0.382 Fibo Retracement from the previous swing low. Till the time its holding onto that support, the chances of breakout above resistance zone increases and we might get a good long entry.
#3 Entered at the low of the doji formed under the green slanting resistance. Holding currently What an opportunity. :) Confluence 1: Broke the head and shoulder. confluence 2: Out of the triangle. Stay humble work hard stay blessed
USD INR looks to go down till 69.115.
Crude oil can be buying opportunity above $48 with tgt of $50 . Major support comes at 46.5
Euro-US Dollar contracts are presently at a make or break level, forming a scallop in a downtrend, Whether they will continue the downtrend or, reverse and breakout the linear resistance to complete the Rounding Bottom with an implied target of 1.18 from the present 1.14 (It is presently forming a flag with some conslidation near the resistance) It has been...
USDJPY look weak and downside target opens with price target of 110.7-110.3 as trending below moving averages. Every price rise near moving averages sold as act as an resistance.
After macroeconomic data releases from the U.S. and Canada lifted the USD/CAD pair to a fresh 19-month high at 1.3563. Pair trending in strong uptrend and falling crude oil have major contribution in Canadian economic data ABOVE 1.3600 TGT 1.3645-1.3675
USDJPY pair looks weak and can test 110.70 -110.50. Trending below short term moving averages also keep upside limited and act as resistance.
Hello traders, A slow recuperation from the 1.6700 empowered GBPCAD to streak almost six-week high, the match needs to overcome the 1.7225-30 opposition juncture, five-month-old plunging pattern line, so as to go for the 1.7310 and the 1.7420 numbers toward the north. Should costs effectively exchange past 1.7420, the 1.7560, the 1.7650 and the 1.7730 are likely...
FOREXCOM:GBPUSD In 4 hours map pair showing sideways market and narrowing its the chart that shows breakout towards up or down. and lots of important news coming on the way so we will observe the next move and trade Today GBP have lots of news so trade wise. Check More details traderand.co
LOOKS LIKE WE ARE SEEING SOMEKIND OF RELIEF RALLY IN THIS PAIR AFTER TREMENDOUS SELLING PRESSURE FOR LAST FEW WEEKS. THE PAIR IS LOOKING TO TEST AREA MARKED IN GREENS IN COMMING WEEKS. IDEAL TRADE STRATEGY WILL BE SHARED IN MY FREE CHANNEL, LINK FOR THE SAME CAN BE FOUND ON MY TRADING VIEW PEOFILE. ALL THE BEST.
Price can reverse from here (5.15). Currently the price is sitting on a trend line. If we break 5.15 and remain below it for 6-12 hours, we may see further significantly lower levels.
having a strong resistance at 0.95835(yellow line) + overbought condition ---> confirm a trend change go short ...
BUY at 1.13872 Stoploss at 1.13535 Target of 1.5900