As you see the chart, Closing below/above each support, will open the door to the next support.
As you see the chart, Closing below/above each level, will open the door to the next level.
Further to my analysis on 21 Feb. since the price close inside the monthly wedge, the breakout was a false breakout. The next support for the price could be around 106.78, since it is a pivot for the pair since June 25th of the last year. Since the false breakouts produced aggressive move in the opposite direction, 106.78 could be a temporary stop and the pair...
After months of consolidation, the pair is breaking the top of a monthly wedge pattern. Please consider the support and resistance I mentioned on the chart to see if it is a false break or not.
CADJPY formed a Head and Shoulder pattern in H4. So it is a good opportunity to go for a Long.
I mentioned support and resistance on chart. I hope it helps.
As you see the chart, I drew daily and weekly channels. A daily close below 1.0825 would expose the weekly descending channel support. It is likely that the price rotates to 1.0900 and then turn down to the support.
AUDCHF formed a Head and Shoulder pattern in H4. So it is a good opportunity to go for a Long.
Further to my previous signal on EURAUD, it seems to be a good opportunity to Sell more at this level.
The price is breaking through a strong resistance. It seems a good opportunity for a Long position.
I showed key support and resistances on daily chart. Since the bullish trend line was broken, it is likely that the price fall to next support. In other case, if the daily price breaks into 1.2985, it is probable to move to the next resistance.
Further to my previous signal on GBPAUD, the chart is forming a triangle and it seems a good opportunity to Sell more at this level.
This chart shows how to use Channel, support and resistance lines. As you can see, 142.90 is resistance and 140.90 is support and if the price break into each of them, it is likely that it goes to another level which I showed on chart.
AUDUSD is again at strong support and I think it is a good opportunity to Buy again.
Since there is a Morning Star pattern in daily chart and a Cup & Handle in H4, it seems suitable to enter a long position.
It looks to be a good opportunity to SELL if anyone missed to sell on top.
It looks to be a good opportunity to SELL if anyone missed to sell on top.