investsoft

investsoft

At the end of october EURUSD has broken out significant support level at 1.17000 and price remains below untill now. Of course 1.1700 is now resistance level. After the breakout price has gone lower for near 120 pips and as usually back to test recent support zone. We have expected that price touch 1.1700 level or go just above but it turned just before created...

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USDJPY in the previous week reached to resistance zone wide for almost 100 pips, but in friday session (27 october) price has bounced back from bottom edge of zone and dropped lower. Now it reached level where is local support, which was a strong resistance level at the begining of october. We can observe, that price has stopped near 113.00-113.20 and we are...

investsoft

EURUSD has broken out strong support level at 1.1700 in 26 october. Long daily falling candle is showing a big advantage over demand, so we are expecting further price down movement. Those who are using chart patterns also can find on chart head and shoulders pattern, where neck line was broken and price could even go to 1.14000 level. In most cases price after...

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USDCAD after the strong up movement reached resistance level appointed by two highs created in July and August. We are expecting correction of last movement to the last local support near 1.2600 so we have opened short with 2 points of risk reward ratio.

investsoft Updated 

DAX is still in range wide range between 12900 and 13100. Today after a few movements up and down DAX finally go lower to buy zone. We think that this is good opportunity to place BUY order with risk reward ratio more than 2. Our stop is below range and target is near last peaks at level 13060. If DAX will stay in range, there is a high probabilty that price will...

investsoft

EURUSD stay in range for a a long time but after today ECB event and USA data publications price turned into support level near 1.17000. This is very strong level where price turned back many times. Now price is very close to this support level where we will be observing price action. We are looking at D1, H4 and H1 charts to find any bears' weakness and bulls...

investsoft

DAX still closed in range. We see that price has trying to break out level 13070 but without success. Each effort has ended with descending lower, but each time drawing on chart higher low. Now we can also see triangle on H1. If price will break out down, than it should go to range bottom where it could be a good opportunity to buy.

investsoft

AUDUSD unexpectedly turned at 0.7880 and is going back to support level near 0.7750. In our previous analysis we have expected that price will go at least to lower boundary of resistance zone at 0.8840 but that did not happen. Price could break support level and go lower. In this scenario we are expecting that price back and test broken support level (this will be...

investsoft Updated 

DAX is still in range 12900 - 13100. Today DAX has opened upper with gap. Next price go lower and gap was covered and price went upper to the top of range. There we have opened our sell trade with risk reward ratio 2:1. Our target is near 12950.

investsoft

USDJPY after the weekend has opened upper with gap. In friday USDJPY has gone higher with long bullish daily bar and finally left range where price was since end of september. Now price is going to wide resistance zone at 114.30 - 115.50. In this range we will look for market weaknesses and any increased supply activity to find good sell opportunity. In this...

investsoft Updated 

USDJPY after the quick movements from bottom edge of range to top edge, backed to bottom edge and again moved upward to top, finally went upper but it stopped at last local high appointed in 6 october 2017. Price has backed from this level to the range. We are expecting that price could back to the bottom of range so we have opened short inside the range. Target...

investsoft Updated 

DAX after the breakout upward now backed to the range. Price achieve bottom edge of range and at this level buyers became active leaving a trail of bullish pinbar. It looks like long orders stop loss hunting preceding upward price movement. We are opening small long with Risk Reward Ratio 1:1 with stop below last pinbar and target near last high. Near 13020-13030...

investsoft

AUDUSD after hit lower band of support zone has gone up. When it went out over support zone price will back and retest upper band of support zone. Now it is going to resistance zone established by low at the begining of 2015 year, high of may 2015, high of july 2017 and september 2017. We have opened long trade at the bottom of support zone. Now our trade has stop...

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In the last week we were expecting that GBPUSD go upper at least to last local high near 1.36000 but price backed and our long trade was closed on break even. GBPUSD is still in upward trend over trend line. Now we are out of the market waiting if price will fall to the upward trend line.

investsoft

USDJPY is back in range 112.20-113.20. In 12 october price has broken down and we expected that price fall into level 111.00, but this was short correction to 111.70 and price has backed to the range with large growth momentum. Now price stopped at 113.00. We are staying out of the market and waiting to see what price will do if it will reach 113.20 level.

investsoft

EURUSD is now closed in range between 1.17000 and 1.18800. Demand has won battle at 1.1700 and after bullish pinbar price went upper to resistance zone at 1.1880. At this level we can observe increased activity of supply and price is returing again to support zone at 1.17000. We can see also on chart forming head and shoulders pattern. If it will be finished and...

investsoft

It looks like USDJPY is closed in traingle. After the break out downwards price was stagnated in the next lower consolidation in triangle. We are keeping our sell expecting to price will go down. If price will break out upwards we will close our sell trade. We must also watch out for false breakouts.

investsoft

DAX stopped just before round level 13000 and stay in near 100 pts range. We are trying to decipher if supply or demand is in advantage. DAX since the end of august made a big increase without correction so we are expecting break out downwards. But looking at the daily bars we can see that below 12950 somebody buys (long lower candle shadows). We stay out of the...