Gold may test its $1664 to $1660 support for one last time before starting a bull run. Let's take another short position!
EURUSD is trading in a range. The daily descending channel eliminates my bias for a bullish trend in the near future. Still, if a critical support level is broken, we may see a profitable window for taking short position.
USDCHF is about to enter a downward trend. Short selling is advised.
USDJPY shows bearish divergence on daily scale. Prepare to sell this pair short.
Bullish and bearish bias of NZDUSD pair. You can short-sell in for quick profit, but take a long position for long-term profit.
Analysis of both bullish and bearish indicators for USDJPY.
Both bullish and bearish biases are given along with strategies to either long or short this pair.
Taking a long position on EURGBP pair after identifying the upward trend following Dow Theory and parallel channel.
A bullish trend is coming to an end after it failed to breach a fundamental resistance level. If it bounces from support, it may test the resistance once again, but I am suggesting selling USDCHF short after breaking out from its support.
The Cup and Handle formation is indicative of an imminent downtrend. Short sell this pair whereas Take Profit levels are according to key Fib-retracement levels.
Even though there will be strong buying from the 4110 to 4095 price range, but I'd proceed with short selling as the stock failed to retrace from a key Fib-retracement level.
The parallel channel faces strong resistance to getting into a bullish trend, so I'd recommend selling this pair short.
After identifying a critical support level for BTC and forming a double bottom at the end of a significant downtrend, I'm forecasting BTC to become bullish in the short term.
I am taking long position in AUDNZD pair after the pair bounces back from its support level.
Having fulfilled the ABCD pattern in the recent bull run, EURCHF pair is at a crucial testing point where two scenarios can take place, either it breaks the key resistance level and continues the bullish pattern or bears take over and the forex pair continues its months-long downfall.
ABCD pattern identified with the bullish EURJPY pair.
EURUSD is in a bearish trend. The allocation of SL level here is as per Fib-retracement levels.
GBPUSD is in a bear run registering LLs and LHs as per Dow Theory. I used a parallel channel to define its trading range, and also defined a key resistance level. Short sell the forex pair in the given range.