Price rejected from a very strong level of support. We have seen a huge rally from that level and closed way above, anticipating price to test the 1.62400 levels in the coming weeks. A clear close above above the 1.61800 level will definitely confirm this view.
AUDCAD price currently resting at Weekly demand zone. Ideal to take long positions from 0.93000. This pair will be in our telescope in the coming weeks, when that price comes in our range, its going down (Long Trade Execution) Kindly take note of the RBA IRD, Tuesday morning. It’s critical for entry into long position, else it will invalidate the analysis. New...
Most of the JPY crosses have put in bearish reversal patterns over weekend which indicates a potential selling opportunity for the Yen crosses. The most powerful was the CHFJPY which has rejected the weekly resistance with a healthy bearish pin.... Stops above at 118.10 with profit targets at 116 and 115 make for a great risk reward.
Expecting a huge move to the upside on GBPCHF. When to buy? Take note of price on lower time frames. A break above the first channel then we would expect bullish momentum to test the 1.27200 level. Also take note of price action around the 1.24700 for bullish patterns. Longs from there would be ideal Good luck
GBPNZD Bearish breakout on 4H confirmed. Hunt for bearish pattens or confirmation on lower timeframes.
USDCHF is breaking down to a four-month low. Long positions being closed rapidly. There is a huge potential bearish move to the 0.96000 level. Prior to that we could see price correction to the 0.98000 level. Short from 0.98000 will be ideal.
Strong breakout on D1. Target 32.70
AUDCHF, will be monitoring the opening price. Close above 0.72800 then bulls could continue till 0.73200. Otherwise a close below 0.72800, we could see a range before it drops back to test the previous major swing low.