EURUSD - 1HHey folks,
Hope you had a great weekend. Lets look forward for this week.
Here we have EURUSD at a key supply level. Traders can look for shorting opportunity from hereon.
Have a great day. Cheers.
Forextrading
GBPJPY 4HR Projection LONGHey Traders, Welcome back!Hope you all are doing well. As we can see GBPJPY is in a upward trend, the price shall make a move back to current support level for a retest and then we can enter the market in buy side for a good Risk Reward Ration of 1:4 .
GOLD XAUUSD 4HR ProjectionHello Traders, As we have seen gold had a Strong bullish move and reached Second All Time High. Price has cleared the current channel and had a retest.Now what am believing is the price shall move further upward till 1830.00 in the next week .
GBPUSD Daily Trading IdeaThe pair have nice rejection by printing PB signal at expected key level. Expecting some down move.
EURUSDHello traders, here is the analysis from our team :
our teams but line 1.12979 to start.
We: watch for break/pullback above line, rebreak of high of pullback candle.
Let us know in the comment section below if you have any questions.😉
EURAUD 4HR Projection SHORTHello Traders, The price has currently come to the retest zone 1.62660 ,Hence from here we can take a short position which is a good R:R 1:3. FX:EURAUD
EURJPY 4HR PROJECTIONWe can also see EURJPY in a bullish move .This is a good opportunity to buy at current price and have good R:R of 1:2.5 and may be even more after the price retest at above Support level.
USDJPY 4HR Analysis "SHORT" Hello Traders,My current analysis on this trade is really a good risk reward ratio 1:3 .As per last week analysis the price is currently sitting at a key support level and did not push further down.There a lot of buyers in the market currently which gives us a good opportunity to enter buy side at 107.41.Hopefully we close this trade on positive side.Please feel free to comment ask questions.
USD/JPNHello traders, here is the analysis from our team :
We like this area to be taken out then re bought.
Let us know in the comment section below if you have any questions.😉
GBPJPY - BULLS ONAfter completion of the Head and Shoulder pattern, the counter GBPJPY is experiencing a double bottom. A Double bottom is a strong chart pattern for a bullish trend. Today the counter broke out the peak price (136.00) of the double bottom and started moving upwards therefore long is more preferable for this counter.
EURGBP PREFERS LONGThe counter EURGBP looks to be forming a head and shoulder pattern between ranges of 0.9000 and 0.8878. We see the neck support of 0.8878 holding strong the third time today. We look to buy at ranges of 0.8878 and 0.8900, maintaining stops below the neck line of 0.8878 and testing to reach 0.8980 to 0.9000. We recommend this move only for a short term or for just an intra-day trade.
As the head and shoulder pattern looks to be clear, we expect the neck line of 0.8880 as a strong support. Once this support breaks, we expect the counter to have an aggressive fall. In case of the neck break, go for shorts maintaining stops above 0.8890 to 0.9000 levels. The markets can try to hit lower levels of 0.8690 to 0.8670.
GBPUSD - PREFER LONGS.The counter GBPUSD was travelling in the resistance trend line from 30th April which has been tested at the price twice at the prices 1.2467 and 1.2297. On 19th May the bearish trend came to an end by breaking in the resistance trend line at the price 1.2258.
Now the current trend is bullish and the counter is travelling in the ascending channel. We prefer going buys in GBPUSD maintaining stops below the channel’s support line. The break of R1 @ 1.2479 might push the counter further up to R2 @ 1.26435.
As the market moves in a channel pattern, expect choppy trades rather than aggressive moves.
On the fundamental side, we look out for the Consumer confidence coming up this Friday to have an impact in the counter.
HAPPY TRADING
USDSGD multi frame analysis. Possible upmove.Hello Trader, Here is the full analysis of USDSGD :
1) On the 4hr chart we can see it as formed Cypher pattern and possible reversal expected.
2) Price is in a strong support zone and can test this zone for up move and if it respects this zone one can expect up move in the stock .
3) If it breaks the support then wait for the next retracement downside to take short position.
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