GBPNZD was falling thousands of pips after Brexit in 2016 and it found its bottom in later 2016. Since then an uptrend prevails on this market. This year GBPNZD broke psychological resistance 2.000 first time since Brexit and then it went quickly below 2.000 again. One thing is clear. There is an uptrend. This currency pair fell 1130 pips in less than a month and...
For the last few months, USDCHF was growing very steadily and by the end of the October it tried to break strong resistance 1.0067 but failed to do so. After the false-break of resistance, USDCHF created a candle pattern Engulfing, after which it should be falling in the next few weeks. When engulfing was created, divergence was confirmed and now the market should...
From April to August, there was a smooth uptrend on EURGBP, but the trend suddenly turned at the end of August and since then the market is in a downtrend. At the moment EURGBP is giving a sell signal to join that trend. Europound reached the resistance 0.8918 and Fibonacci 50%. What to expect now? Well, the uptrend in the last days was very strong, but it should...
There´s a downtrend lasting on AUDJPY for one year already, but a buy signal was created on Friday, October 26. AUDJPY was in a consolidation for a few days and then it made a significant false break below that consolidation, touched support 78.65 and daily pin bar was formed. A divergence is also forming, but it´s still not confirmed. Soon you can expect the...
GBPAUD is in the uptrend from the end of August and we see an opportunity to join this trend. The market is giving us a signal for another continuation of the uptrend. After 500 pips correction, it reached the level, where we already placed our long positions and we expect a move at least to 1.8405. Stoploss is at 1.805. Generally, almost all currency pairs...
There is a strong downtrend on XAUUSD more than a half year, but the selloff ended and for the last few months it only consolidated. We could see strong bullish candle breaking resistance at 1210, but now Gold reached a point, where a bearish reaction is very possible. XAUUSD reached strong resistance at 1240, where there is also Fibonacci 50 and the bearish...
NZDCAD is in a long downtrend lasting more than a half year. A few weeks ago traders saw a chance to go in buy position as the market almost reached monthly support, but it went up before reaching it. Now NZDCAD reached a strong level, where we expect a pullback downwards. The best entry in short position will be right after the market open or on a retest of the...
After one month of consolidation, we can finally see a breakout from the 300 pips zone. GBPJPY is giving a clear trading signal by breaking the trendline and support. After this, it will very probably go lower and the closest profit target is around a level 145.6. If the market goes back to 147, it would be a proper entry point for a short position. Stop-loss...
USDJPY is in the uptrend for more than a half year, and now it's showing a trading signal on the continuation of that trend. The market made a fair correction from 114.347 resistance and now it got to a strong support, where we can expect a bullish reaction. Strong support and trendline are what stopped the correction on USDJPY. Divergence is what's supporting...
USDCNH has been in the uptrend for a long time. This uptrend lasts already more than a half year. The strange thing about this uptrend is the fact, that there has not really been some significant correction. Only a few days of move downwards and then it would rise again. In August 2018, the market stopped close below resistance and psychological level 7.0000....
CHFJPY is falling since it made a pin bar on 21.9., so the decline on this currency pair already lasts 3 weeks. Now it has got in the zone where the pullback is possible. There is a support zone with Fibonacci levels 50 and 61.8, which are the most reactive. The market is also creating a divergence after which we expect at least a little movement upwards. We plan...
This currency pair is in a downtrend for a few years, but now we see an opportunity to profit on the rise. We expect AUDSGD to go up at least 100 pips, but maybe more. If you look at monthly/weekly timeframe, there is a strong support which withstood the pressure and now the market is going back up. AUDSGD is currently creating a formation double bottom (with...
There is a strong downtrend on AUDCAD lasting more than half a year, but this could change very soon! This currency pair is on the important zone, where we will probably see a pullback upwards. AUDCAD is currently at low of the trend channel which supports the idea that this currency pair will go up. Important is to wait for a buy signal and that would be strong...
NZDCHF is in a downtrend for almost half a year and it is giving us an opportunity to join that trend. The market has finally reached the resistance 0.6515 where it could turn downwards again. Moreover, divergence confirms the upcoming short on this currency pair and we also see a signal from our non-public set-ups.
In the last few months, USDCHF has been showing a beautiful bear market, but it broke at the end of September and we can see the strong reversal where USDCHF went up around 240 pips in just 5 days. Around the marked area, we expect a correction (not a reversal) because of the area of resistances. If USDCHF gets to the marked area, the expected correction is around...
From the beginning of September, there is a beautiful uptrend on USDJPY. Will it continue? The market is currently at level 113 and a few pips below important resistance. So, the important question is if there is going to be a breakout or not. There's FOMC soon and if they raise the interest rate from 2% to 2.25%, we will probably see a strong breakout to the...
On 11th September GBPNZD tried to break psychological round number 2.0000 but failed to do so. Within the next 2 weeks, we saw a downturn of almost 500 pips which clearly showed that the market is not going through that resistance. Now it made a pullback and we see it as an opportunity to get in. GBPNZD stopped at Fibonacci 50 and with a proper stop-loss, you may...
At the beginning of February 2018, Bitcoin reached the bottom $6,000 after reaching $20,000 at the end of December 2017. Since then Bitcoin was not able to get below the support level $6000 even though there were many attempts to break this level. Many people started to get impatient because it already looks like Bitcoin will never go below $6000, but what if it...