NZDUSD is trading in a downtrend In a falling channel pattern And now the pair is retesting A resistance cluster area Therefore, the price will likely go down Towards the target level below Sell!
RIPPLE is trading in a downtrend And the XRPUSD pair is about to retest The falling resistance from where I am expecting the price to go down Sell!
The heavy sell-off was triggered by soft economic data from France which not only darkened the already gloomy outlook but increased fears of a recession in Europe. Euro bears went on a rampage yesterday, dragging the EURUSD to levels not seen in 20 years as traders cut bets on European Central Bank (ECB) rate hikes! Prices are heavily bearish on the daily...
EURNZD leaves multiple bearish clues: the price broke a support line of a rising wedge pattern and a neckline of a head and shoulders pattern. I believe that the pair may drop. Goals: 1.6555 1.64
NZDCHF is nicely recovering after a sharp bearish rally. Reaching a major weekly demand zone, the price completed a harmonic abcd pattern. On 4H time frame, the price formed a double bottom formation and broke a rising wedge pattern to the upside. I expect a bullish move to 0.6055.
EURJPY broke the key support level Which has turned into a resistance And now the pair is going up To retest the broken level So I am bearish and I think That the pair will go down after the retest Sell!
EURNZD is stuck between a strong horizontal resistance and a rising trend line on a daily. Depending on the reaction of the price to these structures, I see 2 potential scenarios: 📈If the price breaks and closes above 1.683 - 1.687 resistance, I will expect a bullish continuation to 1.708. 📉If the price breaks and closes below a trend line, I will expect a...
EURGBP was trading below a key level But now we are seeing a breakout Which makes us bullish biased So I think that after the retest Of the broken level The pair will go up Buy!
EURCHF is trading in a downtrend And the pair went up to retest The horizontal resistance level From where I think we will see A bearish reaction and a move down Sell!
CADCHF is going up to retest a horizontal resistance And because I am locally bearish biased I think that after the retest of the level We will see a move down To retest the support below Sell!
AUDNZD is trading in an uptrend Along the rising support line And after the retest of the support We are seeing a bullish rebound already So I think that the pair will go higher Towards the target above Buy!
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