EURAUD is in bullish trend and having rejection in its support at its bullish trendline which leave with buying opportunity. Buy opportunity at 1.64 with stop loss at 1.632. Target Price 1 = 1.66 Target Price 2 = 1.678 Target Price 3 = 1.700 We should be a bit cautious regarding multiple important news in the coming days. Happy profit! Good luck!
AUDUSD is in bearish trend if we are looking at 1H timeframe. Zoom in to 15-minute timeframe, we are seeing short position opportunity if the price breaks its trendline support. Despite unexpected news this morning related to Australian dollar which brings strong good momentum for all AUD pairs, the momentum seem weakens in USA trading hours. I am expecting...
USDCAD is having potential rejection in its strong support from its trendline. Aligned with DXY that has potential reversal, I would open the following position: Price:1.355 Stop loss: 1.3250 (below the latest low) Target Price 1: 1.356 (Fibonacci retracement 0.5) Target Price 2: 1.364 (Fibonacci retracement 0.618) Good luck! Happy profit!
in 4H timeframe, there is bearish divergence and XAUUSD is within its ascending broadening wedge pattern. I am seeing that XAUUSD might go lower to touch its ascending broadening wedge support. Unless having rejection, movement and failed to close below the support, we could make that opportunity to open a long position with stop loss below its support and target...
EURUSD in general is still very bullish and we should see the potential to place long position in smaller timeframe with target at 1.13-1.15. We should expect that EURUSD will have another swing in smaller timeframe, and we can expect to put long when it breaks the resistance with stop loss of the previous low swing. Good luck! Happy profit!
USDJPY has potential head and shoulder pattern in 15-minute timeframe. USDJPY potentially goes to its support from the bullish trendline. Trader should start to take short position after USDJPY break its support and confirming the head and shoulder pattern.
DXY is having bearish trend in general while creating descending broadening wedge in 1H timeframe. I am predicting two scenarios: 1. DXY will move upward temporarily to 102 and continue to go to 100.5 2. DXY will have reversal to break the resistance of the descending broadening wedge and continue to reach 104 (Fibonacci retracement 1.618)
Hi traders, GBPUSD is touching its parallel channeling support. Although the overall trend is still very bullish, the big downside movement could give us a signal that reversal trend will happen soon. Therefore, I will put conservative trade with target price in its Fibonacci retracement 0.5 and stop loss 10 pips from the support. Good luck! Happy profit
GBPUSD is potentially creating rejection and reverse to continue its bullish movement. Therefore, I am not suggesting you try doing counter trading by opening selling/short position. I am seeing GBPUSD might have short term pullback to 1.236-1.237 with target price 1.263 and stop loss at 1.226 After slow 2nd half of the week due to many holidays, we should expect...
BTCUSD should wait for potential breakout to continue its rally at 31200 USD. BTC is forming ascending triangle pattern after bullish primary movement. We should wait BTC to break the resistance at 28.888 USD and expect to continue move higher with target price 31.200 USD.
XAUUSD pulls back to the support area before going to continue its bullish trend. After relatively slow movement in the second half of the week due to holiday, I am expecting gold to have limited downside movement in the upcoming weeks before finding its support and continue to go higher. Trader should look at 1990-1995 area as buy area after having confirmed...
NZDUSD is potentially creating rejection and reverse to continue its bullish movement. Therefore, I am not suggesting you try doing counter trading by opening selling/short position. At the moment, NZDUSD is weaving in its support with rejection happen due to the Nonfarm Payrolls news. The overall market has been muted due to easter holidays this week and we...
NZDUSD is in bullish movement in its 4H timeframe. In upcoming weeks movement, we are monitoring NZDUSD for a buying opportunity around 0.622 zone given that the chart showed it is a bullish movement (HP- HT- HP-HT). if the rejection is confirmed, I would set 0.635 as the final target price and stop loss in 0.6178. Happy Profit!
XAUUSD is forming symmetrical triangle pattern. Trader should wait the confirmation whether XAUUSD will break the resistance or support. Trader should look closely on the resistance and take long position with target price 2.040. Alternatively, if gold breaks the trendline support, XAUUSD can go to 1888. We will give some updates in the upcoming weeks! Happy profit!
AUDUSD is having bullish confirmation after having HP-HT-HP-HT in 4H timeframe. Therefore, I am not suggesting you try doing counter trading by opening selling/short position. I am seeing AUDUSD might have short term pullback to the 0.673 (which can be good area to open buy/long position) before continue reaching 0.68325 (1.618 Fibonacci retracement). Given...
AUDUSD is in sideways movement between 0.6755 and 0.657. in its 4H timeframe, there is bearish divergence. There will be 2 scenarios in AUDUSD. 1. AUDUSD will continue to reach its downside movement at 0.658 and potentially continue its bearish movement. 2. AUDUSD will move to its trendline support at 0.666 and reverse to long position with target price at...
USDJPY has turned from bearish to bullish in its 1H timeframe. At the moment, USDJPY is following its parallel channeling. We should take the opportunity to trade within the range. At the same time, we are seeing bearish divergence in the 1H timeframe. But we will suggest for traders to open long position align with the parallel channeling trendline or when...
There is limited downside for USDCAD to meet with its trendline and combined with Fibonacci. 0.618 at 1.34925. Trader should wait for rejection movement in that range and find the reversal confirmation in the smaller time frame.