AnthonyAbiSaab

AnthonyAbiSaab

The GBPUSD chart has broken out of a bullish trend line. Very simple analysis where we would expect some downturn to the situation. Hence, the trade would be executed as follows: GBPUSD SELL; 1.28600 SL: 1.29100 TP1: 1.28600 TP2: 1.28100

AnthonyAbiSaab

The AUDUSD chart tested two times the resistance level at around 0.71700 and has strongly been rejected. Furthermore, the indicators strongly indicates the formation of a double head pattern. We expect to witness some downward movement, especially that the AUD pairs have been in a bullish rally the past couple of weeks and should refrain a little this week. Hence,...

AnthonyAbiSaab

The GBPNZD chart is retesting a support level it already tested two times. In case of breach, which will most likely happen, we could see a major downward move from the pair. This analysis is solidified by the fact that NZD is strengthening against other currencies, and the momentum will most probably continue. Hence, the trade would be executed as...

AnthonyAbiSaab

The CADJPY chart reached an important resistance level and will likely break it. It tested few hours ago and got slightly rejected. Now, it will try to break it for a second time and will probably succeed. Furthermore, CAD pairs are gaining strength against other pairs and the momentum will likely continue. Hence, the trade would be executed as...

AnthonyAbiSaab

The EURCAD chart rejected once again the resistance level at around 1.55600. We could witness a downtrend in the upcoming hours, especially with the strengthening of CAD pairs against the others. Hence, the trade would be executed as follows: EURCAD SELL: 1.55500 SL: 1.55850 TP1: 1.55000 TP2: 1.54500

AnthonyAbiSaab

The GBPJPY chart recently reject the resistance level it's been trying to breach. We should expect a downward movement in the upcoming hours. Hence, the trade would be executed as follows: GBPJPY SELL: 135.900 SL: 136.600 TP1: 135.300 TP2: 134.700

AnthonyAbiSaab

The USDCAD chart broke out of the strong support level that's been holding it for a few weeks now. We just need to wait for the pull back and look out for a major down move. Hence the trade would be executed as follows: USDCAD SELL LIMIT: 1.34700 SL: 1.35200 TP1: 1.34200 TP2: 1.33700

AnthonyAbiSaab

The EURAUD chart broke out of the channel it was ascending in. Furthermore, as AUD pairs are still gaining strength, there is a good chance for the price to fall in the upcoming hours. SL level is placed in such a way not to incur any big losses in case the price returns to the bullish trend. Hence, the trade would be executed as follows: EURAUD SELL: 1.63200 SL:...

AnthonyAbiSaab

The USDCAD chart has rebounded over the 1.35000 level and is likely to continue this trend reversal. CAD pairs gained strength yesterday due to fundamentals and might retrace these changes today. Thus, the trade would be executed as follows: USDCAD SELL LIMIT: 1.35200 SL: 1.34700 TP1: 1.35700 TP2: 1.36200

AnthonyAbiSaab

Just a simple analysis on the EURUSD chart, with the price bouncing off the resistance line. Furthermore, the price has been moving up and down lately to consolidate, we could take advantage of that. Hence, the trade is executed as follows: EURUSD SELL: 1.13400 SL:1.13900 TP1: 1.13100 TP2: 1.12800

AnthonyAbiSaab

The GBPCAD chart reached a key resistance level and is keen to reject it once more. We could see a downward movement in the upcoming days. Hence, the trade would be executed as follows: GBPCAD SELL: 1.71750 SL: 1.72750 TP1: 1.70750 TP2: 1.69750

AnthonyAbiSaab

The GBPAUD chart formed a butterfly pattern with a bearish potential. With the measurements done on this shape, we are confident of a downward movement. Furthermore, the AUD is gaining strength against other pairs, as we will show in other analyses. Hence, the trade would be executed as follows: GBPAUD SELL: 1.81500 SL: 1.82250 TP1: 1.80500 TP2: 1.79500

AnthonyAbiSaab

The EURJPY chart broke out of the channel it was previously in, with a downtrend potential. The price is currently rebounding on the previous support line, and we should see a downward movement in the upcoming hours. The trade would be executed as follows: EURJPY SELL: 1.21200 SL: 1.22000 TP1: 1.20500 TP2: 1.19800

AnthonyAbiSaab Updated 

The GBPUSD chart is creating a bullish falling wedge with an uptrend potential. The technicals have shown to be very strong, with the quick recovery the GBP pairs gained after the economic news on Thursday and Friday. Furthermore, as COVID-19 cases are plummeting in the USA, the USD should weaken this week against GBP. As fundamentals are in accordance to...

AnthonyAbiSaab Updated 

The GOLD chart is bouncing off the support line and will likely continue the uptrend. As COVID-19 cases are increasing in many countries, and with the speculation of a second wave in Europe, people will tend to hold on to GOLD instead of cash. The price will likely cross the 1800.00 level in the upcoming days (TP1). Once this level is broken, a bullish...

AnthonyAbiSaab Updated 

The USDCAD chart is creating a BEARISH FLAG PATTERN, which would indicate a downtrend. However, with NFP data release today, traders should not rush into the trade. Thus, the STOP SELL position would ensure a successful entry if the US dollar weakened against the CAD dollar. Once the trend is confirmed by the NFP, the trade will be triggered and we would expect...

AnthonyAbiSaab

The GBPCHF chart has clearly created an inverted head & shoulders pattern, with an uptrend potential. As GBP pairs are gaining strength recently, it only seems evident that the trend will continue. The first target (TP1) is about have the size of the pattern, while the second (TP2) is roughly the full size of the head. The SL level is placed just down below the...

AnthonyAbiSaab

The NZDUSD chart has rejected once more the resistance level it had already tested and rejected previously. We should see a downward trend in the short run, all the way through the support line indicated on the chart. A conservative approach (TP1) is half the target, while a more aggressive one (TP2) is placed just above the support line. The SL level is placed...