Get started

Themasterfx

ERUGBP on the M30 time-frameEUR/GBP may rise 35 - 51 pips Our preference The upside prevails as long as 0.8501 is support. Alternative scenario The downside breakout of 0.8501 would call for 0.8475 and 0.8459. Comment The RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8497 and 0.8503). Finally, the EUR/GBP is trading above its upper Bollinger band (standing at 0.8525). Daily and weekly charts are also bullish.
Long
by ThemasterFxIdea
GBPCAD on the 1D time-frameGBPCAD may fall to 1.5293 - 1.5529 Our preference The downside prevails as long as 1.6406 is resistance. Alternative scenario The upside breakout of 1.6406, would call for 1.6805 and 1.7043. Comment The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.6191 and 1.6422). Weekly chart is also bearish.
Short
by ThemasterFxIdea
EURGBP on the M30 time-frameEURGBP may rise 33 - 49 pips Our preference The upside prevails as long as 0.8503 is support. Alternative scenario The downside breakout of 0.8503 would call for 0.8478 and 0.8463. Comment The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8523 and 0.8509). Finally, the EUR/GBP is trading above its upper Bollinger band (standing at 0.8541).
Long
by ThemasterFxIdea
NZDCAD on the 1D time-frameNZDCAD may fall to 0.7981 - 0.8073 Our preference The downside prevails as long as 0.8435 is resistance. Alternative scenario Above 0.8435, look for 0.8591 and 0.8683. Comment The RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8480 and 0.8595).
Short
by ThemasterFxIdea
GBPJPY on the M30 time-frameGBP/JPY may rise 96 - 142 pips Our preference The upside prevails as long as 162.39 is support. Alternative scenario Below 162.39, expect 161.62 and 161.17. Comment The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 163.13 and 163.07). Finally, the GBP/JPY is trading above its upper Bollinger band (standing at 163.37).
Long
by ThemasterFxIdea
NZDUSD on the M30 time-frameNZD/USD may rise 39 - 56 pips Our pivot point stands at 0.6979. Our preference The upside prevails as long as 0.6979 is support. Alternative scenario The downside breakout of 0.6979 would call for 0.6950 and 0.6933. Comment The RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6974 and 0.6959).
Long
by ThemasterFxIdea