The Euro is continuing it's uptrend against the US Dollar and it's approaching a very important and strong level zone will it go through it? or will it bounce back and form a new downtrend? we will find out. Until then we shall take advantage of a very safe long position with a take profit around 1.25000. Stay tuned for more Ideas on Forex and Crypto's from an Insider.
The Dollar started rising against the Franc and it just started a new trend, because it's brand new and it's still creating it's support and resistence lines we have a great opportunity to trade those level zones. As we can see from our chart, the Dollar just hit a very important level, tested many times in the past which makes it a strong one, and price action...
The aussie is getting closer and closer to the weekly level zone that has been tested a few times already since 2015, after it passes our local level it would be a perfect long entry with a take profit around 0.81000. Stay tuned for more Ideas on Forex and Crypto's from an Insider.
We can see Natural Gas got a bit distracted there from the Main Trend and Tested our Level twice already, forming a double top pattern which shows a reversal, so It should start dropping in price and my prediction is that, it is going to get back in the trend and continue falling till it meets the support line. Feel free to comment any comments/Suggestions.
For my day traders we can clearly see EURGBP again got out of our trend and Tested our Main Level twice already, my prediction is, that it's going to do it again but not necessarily, and then it will get back in it's main trend and continue to fall with a couple retracements until it reaches the Support line. This is pure technical analysis. Feel free to comment...