DrecoFx_

DrecoFx_

The chart explains itself, I expect some reversal from the resistance. Looking forward to a bearish turn. Follow for more. Like and comment your ideas.

DrecoFx_

Simple analysis needs no explanation. Trade on your own discretion. Follow for more.

DrecoFx_

Carefully watching this pair which broke from a rising wedge and is about to retest the former support line turning resistance. There is a convergence of two technical resistances at price 1.4757. This means that at this resistance confluence point, selling volume is likely strong and is a good price level to exit/sell your position. My entry is : 1.4757 Take...

DrecoFx_

The chart is self-explanatory, GBPJPY was riding in a rising wedge before consolidating. This pair is currently testing the former support turned resistance. What do you think? Follow, Like and comment for more insights.

DrecoFx_

Carefully reviewing this pair, and noticing a divergence between the charts and oscillator( Stochastic). This pair is in a bullish Box and is currently retesting the support region. This could break or could be a successful retest, if this happens we could either be going short or long. However looking at the structure of the chart, I am very much optimistic and...

DrecoFx_

Riding in a rising wedge, this pair is showing great sign for a fall. Slightly forming a "Box-Like Pattern" we should expect a break from the bottom, most probably. Looking at the weekly chart, It is currently in testing and displaying a shooting star candlestick formation . I am very bearish on this pair and would love to know your speculations. Like, Follow...

DrecoFx_

GBP is looking quite bullish, we can see a bearish continuation pattern on this pair. Currently retesting the former support turned resistance and it is showing some bearish sentiments, I am quite bearish on this pair. What do you think? DO like and follow for more

DrecoFx_

EurCad is currently testing the support region, this pair is currently trapped in a box-like consolidation and has shown some bullish rejections. Breaking down the chart, we could carefully see a falling wedge pattern which indicates a bullish reversal and also adds to my assumption. July 1st, we all saw a bullish movement on some EUR pairs despite the turmoil...

DrecoFx_

Studying the Eur/Usd, despite the turmoil happening in europe this instrument is showing signs of recovery. Falling wedge pattern which is a sign of a bullish reversal, this pair is currently testing and showing sign of reversal as a Doji candlestick appears on the monthly timeframe. The Stochastic is currently oversold and is signaling a Bullish takeover,...

DrecoFx_

After attempt to cross the highest top ever created since 2002-2003, it is already giving signs of rejection. The Stochastic is hella oversold, a bearish candle stick is developing hinting a reversal lurking around. What is your opinion? Do write it below. Thanks

DrecoFx_

This pair just broke out from a rising wedge pattern and is currently consolidating in a bearish box, it is expected to break from this bearish consolidation and even collapse further. What do you think? Do well to Like, comment and follow for more.

DrecoFx_

EURAUD has approached a very strong monthly resistance, it is expected to react to this confluence of resistance and a bearish movement is viable. The chart is much more clearer on the 4hrs timeframe where the evening star formation is forming. What do you think?

DrecoFx_

EURJPY; the EUR was one of the top gainers in the forex market after the surge of the USD. This pair has been my top watch since December, it has great potential because it has been respecting both the resistance and support of the channel. My point of entry will be 133.00, this is an excellent place of placing an order, stop loss should be tight at least...

DrecoFx_

Is anyone seeing this also? GBPNZD is heading towards the previous monthly resistance. I'm very optimistic this instrument won't break this defense. Stochastic is really overbought which is signaling a bearish takeover soon, The market isn't set in stone so we should lookout for anything. What do you think? please do well to write it below.

DrecoFx_

The chart is very clear and self-explanatory, this instrument already got rejected from the resistance and is tryna do a retest which would probably be rejected once more. What do you think? Will this break or get rejected?

DrecoFx_

The chart is self-explanatory, this instrument broke out from a falling wedge and is currently consolidating in a bullish box. Watch out for a break of resistance, then long to the calculated TP. What do you think?

DrecoFx_

The Rand seems to be getting some serious pressure, locked in this channel and it's inability to break the support line. USD seems to be gaining a bit of strength and I anticipate a strong reversal to the upside in the coming week. What do you think?

DrecoFx_

This instrument is currently in a bearish formation, It broke out from a rising wedge and it is making it way to retest the former support turned resistance. I hope to see a proper rejection from the resistance to the predicted target. What do you think?