GBPINR has consolidated a bit after the fall. A pullback was seen and the support perfectly became the new resistance. Now a fresh short position below the trend line for the targets as mentioned along with stoploss.
FOREXCOM:XAUUSD TVC:DXY I am definitely selling before a buying pressure
Inverse Head and Shoulders Patte FOREXCOM:EURUSD rn
I will go LONG on AUDUSD because: The price is forming a Chanel or Rectangle Pattern . The price is also under Support/Resistance zone. It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) . Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 0.76966 Target -...
GBPUSD, is looking bullish this week according to price action , weaken dollar can be a factor for its bullish expectation
According to Price action analysis, EURUSD looks like a supporting a sideway movement this week,
Australian Dollar against USD, looking weak , it might finish the week by reaching the the price of 0.71800 area..
I would short GBPUSD because : 1) It has touched its resistance area and may fall again 2) Entry : 1.3133 Stoploss : 1.31309 Target : 1.31872
analysis mentioned on the chart.