The past few weeks, Dollar has been trapped in a rising undecided price action, which indicates one of the two things. Dollar has been building pressure to burst to the upside or to the downside. If we witness a break to the upside will see a rally to achieve 98.00, if we break to the downside we'll see a rally to achieve 92.00. Good luck!
Due to the strength of USD, ZAR seem to take another blow. As Illustrated in the chart, USDZAR made a nice rally to the upside then later retraced to the 50% fibonacci zone. Now we expect the market to push to the upside targeting a safe R14.20.
Simple higher high and higher low (Up-trend) Concept. Market is currently retracing( 61.8 test) and we expect an impulse to the upside.
We're shorting EURJPY due to a simple method of impulse wave, retracement(fib = 61.8%) then expect another impulse wave we want to short. We're targeting the level 124.000.
We're shorting GBPJPY due to a few resistances. This market is currently testing the 61.8, it is also bouncing back to the downside because of a psychological level which is 148.000 and testing that trend-line which it made a false breakout to stop out all those long trades people had. Enjoy the profits.
Aussie Dollar about to fall. I won't even go into details about this trade. We're combining that long term trend-line, fibonacci, psychological level and that upper trend-line to add to our confluence.
going long due to the strength that USD has.
FX:CADJPY has been bullish for the past weeks. we had a pull back, now its ready to continue with the trend.
CADJPY has been bullish for the past few weeks. We had a pullback, now it is ready to continue with the trend. OANDA:CADJPY
Clear Double bottom. Some might see head and shoulders on this pair, either way we are going long.
Going long on USDJPY due to strong dollar and the analysis on the graph
GbpUsd is on a critical area. Wait for the market to break before taking a trade.
Bearish pattern for XAUUSD. If the market breaks the trendline, then it will be open for a short position.
The market is making HH and HL. We have tested 50% of the FIB Retracement and we are bullish