EURNZD is trading in a strong bullish trend from the beginning of April. Higher lows are perfectly respecting a rising trend line on a daily. After setting a new high, the price retraced to a trend line again. Pay close attention to a horizontal trading range on 4H. Wait for a bullish breakout of its 1.6635 - 1.6685 resistance to catch a bullish movement. You...
⚠️GBPCAD is trading in long-term bearish trend. The market is steadily going down within a falling parallel channel. The pair is approaching its resistance at the moment. Depending on the reaction of the price to that, I see 2 potential scenarios: 1️⃣If the price breaks a resistance of the channel (we need a daily candle close above that to confirm a...
EURAUD is retesting a horizontal resistance level And while I've got a mixed bias on the pair The resistance looks solid enough For us to expect at least a local pullback And a retest of the demand level below Sell!
USDJPY is trading in an uptrend And seems to be unstoppable However, the current resistance level Is a key weekly level so I think So I think we might see a local pullback Especially considering a rather bearish Price action of the pair on 1h timeframe Sell!
GBPCHF recently broke a strong horizontal support area. Retesting that structure, the price formed a double top formation. I believe that we will see a bearish movement soon.Sell!
1. Trade only with the money you can afford to lose. Do not take huge positions. You will not be able to manage the emotions. 2. Do not trade to get rich quickly, or because you think it is easy money. The stock market is among the toughest ways to make money. 3. Do not trade when you are in an emotionally unstable place. Trading is all about psychology. 4....
One more attempt to buy EURGBP. This time, the price is approaching a major rising trend line on a daily. The price formed an ascending triangle on that on 1H time frame and broke its horizontal neckline. I expect a bullish movement to 0.863
One more attempt to buy EURGBP. This time, the price is approaching a major rising trend line on a daily. The price formed an ascending triangle on that on 1H time frame and broke its horizontal neckline. I expect a bullish movement to 0.863
EURUSD is going up from the support level On the FOMC meeting decision that was milder Than the markets seem to have expected But the pair is still trading in a downtrend And a resistance cluster of the falling And horizontal resistance levels is ahead So I think that we will see a rebound And a move down from the level Towards the support below Sell!
CADCHF went down sharply On the FOMC meeting news But now the pair is retesting a strong horizontal support So I think we might see a local rebound And a move up towards the target above Buy!
NZDJPY is retesting a horizontal resistance And because the pair is trading in the downtrend I think we are presented with the perfect Trend-following trading opportunity Sell!
GBPUSD was nicely recovering for the last couple of days. The market reached a strong horizontal structure resistance. The price formed a double top formation on that. I believe that the market will drop. Goals: 1.2006 / 1.12
SILVER is making a pullback From the rising resistance level And because I am bearish biased I believe we will see a further move down Sell!
VIX is retesting a falling resistance line And we are already seeing a bearish reaction Thus, a move down is to be expected With the target being a local level below Sell!
EURJPY has retested a horizontal support And we are now seeing a bullish rebound Which makes me expect bullish continuation And a retest of the target above Buy!
Have you seen this crazy bearish candle XAUUSD? With just one single bearish candle, the market broke a key support and closed below that yesterday. I assume that the market will drop even more soon. Next support - 1788
EURJPY retraced to a key daily demand zone. The price formed a double bottom formation on that confirming the strength of the underliend structure. I expect a bullish continuation to 141.6
USDCAD is going up to retest a horizontal resistance And the pair seems to be locally overbought So I think that after the retest We will see a move down Towards the support level below Sell!