USDCHF rejected from 61.8% Fibonacci level at 0.9105 with strong bullish movement Price broke the upper limit of the symmetrical triangle pattern Above SMA 100 MACD shows bullish momentum RSI is above level 50 It's expected to target resistance level at 0.9240
EURSUD on the 4Hr timeframe has broken the descending triangle. The pair is now falling from the breakout toward 1.6036 support line Like and Comment to support this idea.
EURUSD is trading in uptrend Price is above key level at 1.1750 Price is above HVN at level 1.1740 which indicates that pair is in accumulation phase Above SMA 100 we r waiting price to break corrective downtrend near level at 1.1785 to open long trade It's expected forming bullish Elliot wave 5 to target resistance level at 1.1855
AUDUSD is in a clear downtrend for more than 6 months. The last corrective rally showed that 0.74 is very strong resistance and I expect a new local low from this pair. A break under short term trend line support could be a sign that a new leg down has started,the support level is broken and the price continues to consolidate below. On the way below there is a...
The post-Fed rally of EURUSD pokes a two-week-old resistance line as bulls brace for the preliminary figures of the US Q2 GDP, up for publishing later today. While the stimulus news and FOMC constitute a double whammy attack on the US dollar, suggesting the upside of the adjacent hurdle near 1.1860, bulls are likely to remain unconvinced until the quote stays...
EURUSD is forming a reversal falling wedge pattern We r waiting for the price to exceed the upper edge of the wedge pattern and also break resistance level 1 at 1.1835 to open long trade It's expected to target resistance level 2 at 1.1975
Strength both in the funding and carrying pairs in the chart due to the interest rates decisions. However, U.S Dollar has more demands so we keep our bias short, with caution!!
Asia-Pacific markets face a shaky open to the week after Australia tightened lockdown measures in Sydney, the country’s most populated city, over the weekend. The New South Wales (NSW) capital city saw a range of added restrictions since Friday, including a shutdown of non-essential retail storefronts, as policymakers scramble to contain a new wave of infections...
As you can see DXY is heading back up to a key resistance, I do not think that DXY has shown any signs of breaking through this resistance and continuing upwards. I do however think that DXY will touch this resistance and then come back down to test the major key level at 92.437. This level is key as it has been tested multiple times before, and I do think DXY has...
USDCAD struggles to defend a four-day uptrend ahead of the monthly employment data for Canada. The Loonie pair currently pokes a confluence of 61.8% Fibonacci retracement and an ascending trend line from early May. That said, the pair pierced the 1.2545-50 key hurdle the previous day but couldn’t stay beyond the same on daily closing amid overbought RSI...
Despite bouncing off intraday low, EURUSD remains below immediate hurdles, namely 50-SMA and weekly rising trend line. Also keeping the pair sellers hopeful are the downbeat MACD and RSI conditions. Hence, the latest corrective pullback could be ignored unless the quote stays below the short-term resistance line around 1.1985. Although a breakout of 50-SMA level...
EURUSD is starting to look very bearish, crypto is struggling and stocks seem very high, could be we see a massive return to usd in the event of a crash? creating a powerful surge in the dxy, time will tell.
USDCHF rebounded with bearish movement after retesting broken uptrendline Pair is based below key level at 0.9215 MACD shows bearish momentum It's expected to target support level at 0.9045
GBPUSD remains pressured around mid-April lows, down for the fifth consecutive day, amid early Monday. Although oversold RSI conditions recently probe the cable bears, a clear downside break of 100-day SMA and an ascending support line, now resistance, from January 18 favor the pair bears. Hence, a horizontal area comprising March-April lows surrounding 1.3670...
EURUSD fades bounce off 61.8% Fibonacci retracement of November 2020 to January 2021 upside amid fresh selling pressure witnessed ruing early Friday. However, oversold RSI conditions test the quote’s further selling below the key Fibo. level surrounding 1.1885. In a case where the bears dominate past 1.1885, the early March’s low near 1.1835 and the 1.1800 round...
Hello Traders! While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the eye signs. Heart in the box - a place to take profits Eye sign - spot to jump in, or watch Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself...
Dollar Index - Where to next? At this current moment of time we are within the ranges of: 89.910 - 90.165 Channel down on daily at resistance Swing opportunity on 4hr - It's at key resistance area! If we pass above these areas expect bulls in control. Things to keep in mind end of months flows. Key Tip: Follow your own trade plan! All the best Trade...
GBPUSD rebounded from upper limit of price channel pattern with strong bearish movement MACD shows bearish momentum RSI shows negative divergence we r waiting price to exceed key level at 1.4100 to open short trade It's expected to target lower limit of price channel corresponding to support level at 1.4015