TraderAvDM

TraderAvDM Updated 

EURUSD may pull back further and drop to the 100H EMA at 1.0970. This is not a recommendation to sell but traders can keep an eye on the possible pullback and gain some pips from this move.

TraderAvDM

AUDJPY has climbed above the key 100H EMA which technically increases the possibility of Bullish Trend Continuation. However, the situation in the global financial market is quite fragile and risk assets like AUD, NZD or CAD can be quite volatile. So, buyers must be cautious here. Sellers, on the other hand, can wait for the price to drop below the 100H EMA and...

TraderAvDM

GBPUSD has climbed up almost 1000 pips from the lows. The Bullish impulse indicates that GBPUSD could make a V-Shaped recovery and reach 1.31 very soon. The path of least resistance seems to the upside

TraderAvDM

Current price action in BTC suggests that price is likely to drop below 4000 very soon. BTC is moving in tandem with the major indices. The recent recovery in the indices powered by the huge stimulus package has lent support to BTCUSD. However, it seems like price will break down very soon

TraderAvDM

EURJPY is quite bearish and I expect JPY to get more bids over the coming days and weeks due to RISK-OFF market condition. Hence, traders can SELL EURJPY@120.60-120.85 with SL above 121.10. TPs can be set at 120.00 and 119.56

TraderAvDM

GBPUSD is bearish. Hence, traders can look for SELL entries between 1.3080-1.3115 with SL above 1.3130. TPs can be set at 1.3040 and 1.2980 respectively.

TraderAvDM

Hello Traders! In my previous EURUSD analysis, I advised you to SELL EURUSD@1.1250-1.1270. Unfortunately, it didn't reach my sell zone and started dropping from 1.1240 itself. Well, in this analysis, I would like to recommend traders to SELL EURUSD between 1.1160-1.1180 with SL above 1.1200. You can set TP at 1.1070

TraderAvDM Updated 

Dear Traders, in my previous NZDUSD idea I advised you to buy NZDUSD at 0.62 area. That trade went great and all 3 targets have been achieved. Now, I would like to present a possible short set-up through this idea. As you might have already noticed, persistent USD sell-off coupled with the fact that a US-China trade deal is on the cards is helping risk assets like...

TraderAvDM Updated 

Similar to NZDUSD and other USD crosses, we have witnessed a spectacular rally in AUDUSD too. From a technical point of view, price broke out strongly from a descending TREND LINE(Purple line in my chart). So, has the trend changed? Well, I believe it's too early to assume that there has been a change of trend in AUDUSD. These year-end breakouts on the back of low...

TraderAvDM Updated 

USDCAD is approaching a support zone from where we could see a rapid movement in the upward direction once the volumes come back in January 2020. Based on Bullish price action in lower time frames, Traders can look for BUYS between 1.3010-1.3055 with SL below 1.2980. TPs can be set at 1.3180 and 1.3320 respectively.

TraderAvDM

As described in the chart, I'm waiting for price to get rejected from the channel TOP before executing SELL trades. Depending on BEARISH P.A., traders can look for SELLs between 1.1250-1.1270 with SL above 1.1310. TPs can be set at 1.1180 and 1.1100 respectively. In case price doesn't reach the channel top and shows exhaustion, I will update the idea accordingly.

TraderAvDM Updated 

Hello Traders, I would like to present a potential SELL set-up in NZDJPY through this analysis. As you can see, NZDJPY has touched the Weekly Resistance in the chart. Currently, the price looks overextended and too many positives(US China trade deal,etc) have already been priced in. So, any kind of risk-off situation can lead to a sharp reversal in price. Hence,...

TraderAvDM

Like the other USD crosses, we have witnessed an extended sell-off in USDCHF too. As you can see from the chart, USDCHF is in a support area right now. Hence traders can look for BUYs with low risk and high reward. Potential Long entries can be taken between 0.9650-0.9690 with SL below 0.9610. TPs can be set at 0.9750,0.9800 and 0.9880 respectively.

TraderAvDM Updated 

Hello Traders, I would like to present a potential BUY set-up in EURAUD through this analysis. EURAUD is trading in an upward trajectory for the last 3 years. Lately, price broke out of the ASCENDING TREND LINE(green line in my chart). While this could imply a bearish reversal in the larger timeframe, I am not so sure about it. Currently, EURAUD is in an area of...

TraderAvDM Updated 

NZDUSD is consolidating in multi-year support region over the past few days. Besides, easing trade tensions and other geopolitical situations combined with NZD seasonality gives traders a pretty good reason to look for long entries. Traders can look for BUYs between 0.6180-0.6270 with SL below 0.6100. TPs can be set at 0.6450, 0.6590 and 0.6800...

TraderAvDM Updated 

As shown in the chart, AUDUSD has rallied to the Trend Line Resistance(Blue line). This area has stopped all the bullish movements in this pair so far this year. So, traders can look for S ELL between 0.6925-0.6940 with SL above 0.6980. TPs can be set at 0.6860, 0.6825 and 0.6750 respectively.

TraderAvDM Updated 

EURUSD is consolidating at the LONG TERM CHANNEL support as well as the horizontal support. Hence, traders can look for buys between 1.0880-1.0940 with SL below 1.0850. TPs can be set at 1.1022, 1.1101 and 1.1150 respectively.

TraderAvDM

As indicated in the chart, traders can sell at 117.85-118.00 with SL above 118.10.