As we can see on weekly chart GBP-USD keeps falling down. The weekly support is not so far and we think this pair can retest the price level. There we can expect bullish correction move UP. Wait for the right price and buy...
USD-JPY is trading in an uptrend in a rising channel and now the pair is about to retest a support edge of the trend channel. Which reinforces our bullish bias and I think that there is a good chance to see a move up inside the trend channel. After the pair would retest the support line of the trend channel, there would be a nice entry point for BUY.
USD-JPY is trading in an uptrend in a rising channel and now the pair is about to retest a support edge of the trend channel. Which reinforces our bullish bias and I think that there is a good chance to see a move up inside the trend channel. After the pair would retest the support line of the trend channel, there would be a nice entry point for BUY.
GBPCAD is really close to the important support. We are watching the Weekly timeframe to see the important support zone. At the moment the price will touch this support zone, we are going to buy this pair. We are awaiting quick corective move up. Then it is possible this pair would continue in sideways trend.
We are in downtrend on EURUSD for a while. Now we are on the key support zone on the Weekly timeframe and it is the bottom edge of the trend channel. Of course the fall of EURUSD is because of strength of USD in last days. RSI shows us oversold market. We are going to buy it...
Trade opened today. AUDUSD is trending in the down trend channel and this is an opportunity to open short position. We sell this pair at the spot where price is touching the upper edge of the trend channel. Stop loss is very tight and profit target is near to previous support zone and around the bottom edge of trend channel.
On CHF/JPY we can see the uptrend channel. There is a few touches on the upper edge of the channel. Right now the price is in the middle of the channel. At the moment the price would touch the bottom edge of the channel, it would be on the same spot where the previous support is. This is the potential spot to enter the BUY trade, according to current trend.