From the first week of January, GBP has been on the BEARISH outlook with GBPUSD, GBPAUD, GBPNZD, till first week of April, which many can say first quarter of the year was BEARISH using Fibonacci retracement, it ought to retrace to 0.38 of the Fib, but due to a strong resistance zone, it dropped again, one can say the short upward movement was to test the recent...
I've been watching this pair for quite some time now, the monthly trend line has been broken to the down side, currently the price of the market is bouncing off from some previous monthly lows. Right now, I expect the price to either go and retest the previous monthly broken trend line to either respect it and continue falling down or break it and continue going...
From the monthly technical stand point I expect to see this pair to rally all the way up since it respected the monthly trend line.
Looks like this pair is trading in a long daily range, watch out for price action at this zone, if there is a breakout then we wait for a retest of the zone before entering a LONG position but as it is right now I am expecting the price to respect the daily resistant zone and drop the daily support zone. My pending orders are set, you can add this pair to your...
This is actually my first time to trade this pair, from my daily technical view, I think this pair is trading in a bearish channel, and right now the price is currently on the resistance trend 📈 line zone, which I expect the price to drop the the support trend 📉 line. Trade with caution, risk management is important.
It's been awhile, but this my technical view of this most traded pair. After the break of the daily support trend 📉 line, it is currently testing the previous daily support trend line now daily resistant trend line. I expect to see the price go down 🔻 the more. But if reverse be the case then we ride the short term LONG.
Few demand and supply zones that I identified, please check it out and I will gladly welcome your constructive critic
As said earlier on, I'm not an expert in Gold trading but I anticipate a drop in the price of gold from a technical analysis standpoint. Gold has approached it's weekly bearish trend line. An observation of how the price behaves at this point is crucial. Also risk management and position sizing should be applied as well. Happy trading.
For some days I have been observing the market price movement of this currency pair, after 14th and 15th April daily close below the temporarily daily uptrend line, I am currently seeing a price movement moving up to test the already broken trend line. If this trend line is tested and it holds, just know that the price would fall down to monthly trend line that I...
I may not be a pro or an expert in the GOLD(XAUUSD) market but I think History is about to repeat itself, The last time GOLD went to ATH (at around September 2011) It gradually recovered it's lost ground until it retraced back to about 0.618 of the Fib retracement tool, that was from a monthly perspective. Currently GOLD(XAUUSD) has made another ATH ( at about...
This is my view on the market, my initial analysis on this pair I expected the market to respect the resistance zone but as it is currently the market is making a continues upward movement. so I expect the trend to continue.
This is a technical market analysis I have on USDJPY, this pair should be added to watch list and watch to see if it breaks the weekly trend line but if it doesn't then expect to see a drop to the weekly support zone. Good risk management should be employed and also investment is not a sprint race but a marathon.
I have been observing this pair for quite some times now, from my little knowledge of how the market behaves, This pair broke the monthly trend line and have been moving up ever since, making consistent higher highs, but there is a monthly/weekly supply zone ahead, I expect the market to respect the supply zone which is what it is currently doing and when it...
From a 2 hour perspective, the EURJPY has been rallying in a channel, but in an upward 📈 direction. Also the weekly supply zone is just around the corner, possibly 127.200-128.000, so I advice you put this pair in your watch list. And go short if it fails to break the supply zone.
Hello, folks I decided to look at EURCZK pair and this is what I found, I expect this pair to make an upward movement. This is my own opinion. Ensure you use risk management when making your enteries. Remember retail traders tend to loss their trading capital.
A look at the technical analysis of AUDUSD, it is observed that the price action is following a channel trend as pointed out at the chart, also another look you will see the red trend resistance line which also have been followed for the past hours, but I believe that either way the price of AUS would gain in value but that won't last long that is due to the red...