Mancoba_Thabethe

Mancoba_Thabethe

NZDCAD is still trading within the range of 0.87200 and 0.87820 and right now we've seen it reject prices lower then the 0.87200 support zone. The market simply created pinbars confirming that the price is rejecting. A buy trade would give us a Risk-reward of 1:2.5 and greater depending on the entry level. Thanks for viewing. Comment with your thoughts I'd like...

Mancoba_Thabethe

As we've seen XAUEUR breakout the 1530 zone to the downside before breaking it again back the the upside showing us that the seller do not have enough strength. Currently the pair is in a ascending channel and I looks like it still gonna move further to the upside towards €1630. Right now is also a good opportunity to go long. Thanks for viewing. Comment with...

Mancoba_Thabethe

Over the past days the price of gold has been consolidating in a triangle pattern. As well as between 1738.22 resistance zone and 1673.70 support zone. We are like to seen a break of the upper resistance and the triangle pattern, and gold is like to restest the 1738 zone before making all time highs until $1800.00. Let's see how it plays out. Thanks for...

Mancoba_Thabethe

I published this setup a while back and it looks good so far. I will publish more setups to scale in if the market provides opportunities. Thanks for viewing. Comment with your thoughts I'd like to hear them.

Mancoba_Thabethe

Over the past months the pair has been in a down trend. It has broken a strong support level and is currently retesting before continuing its downward movement. I will publish more intraday setup ups on it if it continues to be bearish. Thanks for viewing. Comment with your thoughts I'd like to hear them.

Mancoba_Thabethe

When the week started I did publish analysis on this pair as it bounced off the monthly trendline resistance giving us a low risk and high reward sell setup up. Right now it has reversed and made a lower high signaling the start of a bearish trend. This is a chance to scale in and ride with the trend. Thanks for viewing. Comment with your thoughts I'd like to hear them.

Mancoba_Thabethe

EURNZD is still under the previous support and the trendline resistance which makes it a good low risk sell setup. Thanks for viewing. Comment with your thoughts I'd like to hear them.

Mancoba_Thabethe

On the previous day USDJPY was in a consolidation. Early today it made a breakout to the downside and made a restest of the previous support also forming a lower high. We might see the pair drop to the next major support area. Thanks for viewing. Comment with your thoughts I'd like to hear them.

Mancoba_Thabethe

Been eyeing on this exotic pair since the start of the week and it looks like it's still bullish. Do buy it and proceed with strict risk management. The setup here is a 1:3 Risk reward ratio. Thanks for viewing. Comment with your thoughts I'd like to hear them.

Mancoba_Thabethe

Earlier I posted the GBPNZD double bottom pattern and it failed to complete due to the NZD GDP release which caused the pair to consolidate and the BoE meeting today is the cause of the GBP weakening as the MPC was looking to be dovish. We are likely to see it plummet for the short term. Thanks for viewing. Comment with your thoughts I'd like to hear them.

Mancoba_Thabethe

As the pair broke was trending up the buyers didnt not sustain the trend for long until the seller took over. Current the pair broke out from a flag pattern to continue in the downward side and a retest is currently at play before the market drops. Thanks for viewing. Comment with your thoughts I'd like to hear them.

Mancoba_Thabethe

Although US30 close in a bearish pinar on the previous day. We might see a bounce off the support zone a continue in a uptrend as it made a double bottom before rallying up. What we are seeing might be a retest as it made a pinbar on the support zone. Thanks for viewing. Comment with your thoughts I'd like to hear them.

Mancoba_Thabethe

Since S&P500 has been has rallied up over the past days. It is looking to do the same today as it made a retest and a double bottom pullback. We might see it trade higher today. Thanks for viewing. Comment with your thoughts I'd like to hear them.

Mancoba_Thabethe

While AUD has been showing alot of strength in the past weeks, we are likely to see a break of the pullback into the overall bearish direction and moving within the descending channel. A break of the trendline resistance is and indicator that the trend has changed. Comment your thoughts, I'd like to hear them.

Mancoba_Thabethe

AUD pairs are making new highs and so is AUDUSD as we can see it is still moving in a nice up trend and is currently near the trendline support giving us a opportunity to go bullish. Comment your thoughts, I'd like to hear them.

Mancoba_Thabethe

As I posted an eariler analysis of EURUSD, the pair did not break but I did signal that it would make a lower high before it drops. Right now we might see the pair breaking out to the downside. Be sure to catch the bearish move.

Mancoba_Thabethe

EURCHF is currently bullish on the shorter timeframe giving us a buying opportunity as it is retesting our trendline support a break of the above resistance will make the analysis more valid and the buy more likely to move towards the next resistance. A break of the trendline support will invalidate the buy setup and we will continue with the direction of the daily chart.

Mancoba_Thabethe

As the pair continues to move in a uptrend with low volatility, it is at a significant Zone whereby it can provide opportunities to buy or sell but let's wait and see.