Strong Bullish candles and weaker bearish moves. Candles are begging traders: BUY! But the super bullish channel might be broken this time. Remember these kind of channel won't last long! Take a look at GBPUSD Pound is going to be weaker against USD Same for USDJPY: If I want to favor one to another I'll choose GBP so our suggested entries in lower time...
Hi Traders! The Non-Farm Payrolls announcement led to weakness in the US dollar due to a weaker than expected number. The figure came in at 187k, which fell short of analysts' forecasted 205k, and markets have reacted strongly to the data announcement. We have a multi-chart analysis here on the 3H timeframe showing the current price action in the markets. Levels...
Hi Traders! All three products in our previous multi-chart analysis (LINK TO ORIGINAL IDEA BELOW) have now broken the support levels as we anticipated. GBPUSD GBPUSD's ascending price channel is now broken. We are below the support level of the channel, and we are now waiting for a close outside the channel. The 8-week uptrend shown on the 1D chart could now...
Hi Traders! Ahead of tomorrow's Federal Reserve's interest rate announcement and FOMC minutes meeting announcement, we have a price action multi-chart analysis of GBPUSD, AUDUSD, and EURUSD on the 1D chart. All three products in this analysis are currently on a retracement wave and could have key support breaks depending on tomorrow's outcome. GBPUSD GBPUSD is...