GBPUSD BUY OR SELL?With a closing wedge formation we expect the price to break trend and make a strong move either up towards the 1.43 arena or short to the next support zone of 1.40. With major fundamental influence coming from gold levels and some heavy data due for US, we remain patient to watch the price action. Our bias is short as this area does attract a lot of bears and there are various technical formations pointing toward a potential drop. We will be watching the pair closely over the coming days and will inform you of our next trade.
Buy-trade
LONG on GBPUSDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price broke from its RESISTANCE and did a RETEST.
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ANALYSIS ON GBPNZDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price is now close to its TRENDLINE SUPPORT it can bounce back from here
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BUY GBPAUDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has reverse from its SUPPORT and also broke its TRENDLINE RESISTANCE . One can go long
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BUY on EURJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price is inside its Ascending Channel and also broke and did a Retest.
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BREAKOUT ON EURAUDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price broke from its DESCENDING CHANNEL and also did a RETEST.
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ANALYSIS ON USDJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price is at SUPPORT and RESISTANCE. One should wait for breakout.
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Analysis on AUDUSDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has hit its Trendline Support and has all the possibility of going up from here.
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The Loonie remains anchored around 1.2800 with one eye...The Loonie remains anchored around 1.2800 with one eye on crude prices and the other on the upcoming Canadian labour report which could push up price. And as for the dollar it could purely be a case of consolidation ahead of the monthly BLS update, but also a function of external factors and perhaps some technical impulses given the fact that the DXY failed to sustain upward momentum towards the next bullish chart target in the form of the 100 DMA (91.839 as of today) having eclipsed Thursday’s peak by a fraction at one stage (91.600 vs 91.581), and is now back below 91.500 nearer a 91.329 low. However, the US Treasury yield backdrop and curve profile is also a tad less supportive, oil remains on the boil and precious metals are trying to find a footing after their fall from grace, with Gold back on the USD 1800/oz handle, albeit just and Silver straddling Usd 26.50/oz.
USDCHF Home Run?Price hasn't hit this low since '14. I'm taking my chances on this one. On the weekly I think I see a BAT pattern as well. Price is way oversold at this point. I'm going to ride the RSI to the top of the weekly using a small lot size. This is a long term hold for me. I'm getting comfortable. See you next year.
USD-JPY local long from support. Buy!
Hello, Traders!
USD-JPY reached local support
And I expect the pair to go Up from it
To retest the nearest resistance level
It might go higher, to the falling resistance line,
But the safe target is the one on the chart
Local long.
Buy!
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EURJPY: Bullish Continuation
Following our previous analysion on EURJPY we have now even more bullish clues.
The price has formed a nice double bottom with higher low and just broken above a bullish flag pattern.
Now the area between the neckline and broken resistance of a flag serves as a local demand zone.
From that bullish continuation will be expected.
Goals:
123.92
124.4
USD-CHF was falling, Now will go UP. Buy!
Hello, Traders!
USD-CHF was falling from very strong resistance
Just as I predicted!
Now, however,the pair is on the support confluence
Of the horizontal level and falling support
Once the confluence was reached the pair reacted positively
And we are seeing a consolidation
I expect the bulls to push higher
And lead Swiss Franc to retest the resistance
Buy!
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