Hind_Hamid

Hind_Hamid

BOC has raised the interest rate to 1.25%, previous 1%, with that being said, the most certain is that we're going to see a bullish movement by the Candian dollar now which will drive the pair USDCAD lower maybe to the 1.2100 region where there is a major support area. of course, it will not happen overnight, this target is set for the mid-long term purpose.

Hind_Hamid

The Euro continues to rise higher up to 1.2270 area, as we already bought at 1.1950 we kept our buy position open till today, i prefer to adjust the SL order up to 1.2240 for now and keep the buy position open. so far we have saved 290 pips as a profit.

Hind_Hamid

i personally bought the EURUSD at price 1.1950 after the close above the hammer on the 4H chart, targetting the previous higher around 1.2077, as you can see the market is trading now at 1.2120 range, with being said, i prefer to hold my buy position, with a little adjustment to the SL order to 1.2080 ( 130 pips gained since the open of the position.)

Hind_Hamid

previously, I have sold the EURUUSD at 1.2044 before NFP results last Friday, targeting 1.1960 AND 1.1890, the market went down after breaking the mini support area at 1.2035 and went below 1.1960. By moving the SL order to the first target, the market failed to reach the second target and hit my SL order with a profit of 80+ pips. The pair is still bullish, as...

Hind_Hamid

DXY went from bottom head and shoulders followed by top head and shoulders so it's kinda we're in a big sideways range between 95 and 91 levels. currently, i can't find any signal yet to jump the market, just waiting for a proper level to make an action.

Hind_Hamid

there is nothing to add to the NZDUSD pair, the market is still bullish and we hit our target at 0.7121 and it's almost 20 pips away from the second one at 0.7140. however, the market has shown a bit of resistance around 0.7130 area and that consider to be a weak point, yet, it's not confirmed to short the market now. I prefer to adjust the Stop Loss order up to...

Hind_Hamid

The pair had a long run since we entered at 0.68379, and hit both targets at 0.7000 and 0.7050. as we remain bullish, I'd suggest moving the stop loss level to 0.7000 and keep the market run to 0.7121 and then 0.7140 as a second target.

Hind_Hamid

as the market failed to break above 1.2820 that was mentioned in the previous post that is holding a good amount of a resistance, along with the shooting star around this area, the decline was expected at that point. and we took short entry after the close below the lowest low of that shooting star, targetting 1.2670 handles which is our previous minor...

Hind_Hamid

The Aussi eventually dropped lower and hit our target at 0.7575 as we took short position around the resistance area 0.7700. now after breaking the mini neckline of the head and shoulder as its shown on the chart, the pair is still bearish as long as we're below 0.7630. selling rallies would be the best strategy to trade this market for now. nevertheless, pay...

Hind_Hamid

The pair has surged and hits our first target at 1.2770, now at that point it's very important to break above 11th of November high at 1.2820 to move forward to 1.2870 and then 1.2920. we may face a bit of consolidation around 1.2820 as it holds a good amount of resistance.

Hind_Hamid

The kiwi has dropped all the way to the first target at 0.6850, now trying to form an inverted hammer at a support area. if the market couldn't break below yesterdays low at 0.6844 and holds there, that might catch buyers intention on the short term, however, i'm still bearish the market as long as it's trading 0.6930. a break below the 27th of October low at...

Hind_Hamid

Canadian dollar falls against the US dollar during the past couple weeks, reaching short targets at 1.2770 and 1.2660. in the meantime, it's located at an important support level that may cause a pause in the current decline movement. a break below 1.2600 may open up the floor for more downward movement toward 1.2470 handles. other than that. a break above 1.2720...

Hind_Hamid

EURJPY technical outlook

Hind_Hamid

selling opportunity might found with an exhaustion candle around 0.7732 and 0.7700 range.

Hind_Hamid

The pound grinned lower toward 1.3030 as expected and also previously referred as a strong support area . on the other hand, you can clearly see how the market is still trapped between 1.3315 ( resistance area ) and 1.3030 ( the support area ).so for now, it's kinda hard to only focus on one direction to follow. with that being said, traders are most likely take...

Hind_Hamid

GBPUSD long-term outlook.

Hind_Hamid

The pair is still trading below the neckline of the massive head and shoulders pattern at 1.1690, and as long as we're underneath that range, the market is considered to be bearish and might drive the pair lower toward 1.1480 handles where it shows the rebound of the Euro -0.18% on 20th of July earlier this year.

Hind_Hamid

As a price action trader, I only hunt few candles on the chart to jump in the market, and this candle is one of them. i personally call it that because it typically shows the hesitation between buyers and sellers during the session that it's formed, so in this article will show you the way how to trade it perfectly. before we get into this you must know that not...