After a notable pullback to the Fibonacci level of 38.20%, we anticipate that the price will make one final upward push towards the Fibonacci level of 61.80%, approximately around 1.07390, before resuming the overall trend.
Greetings, traders! I wanted to bring your attention to the recent price action of AUDNZD, which has exhibited a significant upward movement characterized by strong momentum. However, we believe it may be time for the pair to show some weakness, particularly after reaching a significant weekly resistance zone. The bullish run in AUDNZD has been impressive, with...
Greetings, fellow traders, In light of recent developments, gold experienced a significant decline on Friday. The breach of the previous support level suggests a potential retest of the broken zone followed by a continuation. Now, the question arises: are you bearish or bullish on gold? Please share your thoughts on the matter and let's engage in a discussion...
We have reached to the bear's stronghold, bulls have been trying to push the price higher with no success,, We are about to see a massive fall.
We are close to reach the yearly high price,, the RSI is already in the OB area. and the daily TF shows the price out of the top of the Bollinger bands, which mostly signals for a reversal.
We are try to counter the Trend here,, NZD is pretty Bullish today, in the Other hand CHF is pretty Bearish. but we are going to trust the strong Resistance area and the channel that hasn't been broken for a long time.
They say Trend is your friend ,, but we can always go against it to catch the big rewards if done correctly. We are waiting for the price to retest our trendline.. and even better if we get a false breakout then return inside the trend. That would be the right moment to go long. USD has been so strong in the last 3 trading days,, but i am bearish on USD, and we...
With around 190 pips to be collected, and only 30 pips SL,, This swing is the dream trade for people looking to pass their challenge/Verification in their struggle to get funded.
Once again, price is bouncing from the Trendline. add to that the strong zone that historically gave a lot of resistance.
Finally the down channel has been broken up. there was many retest for the trend line which is holding very well. NZD is quite strong due to the good news about the covid-19 cases decreasing and the end of lockdown, on the other hand the bad news are everywhere around the USD and the slow recovery. That's why i prefer to go long with this pair.
USDCAD been making Lower Highs and Lower Lows. Price been trying to break the trendline with no Success, and Now we have a huge Rejection.
The strong uptrend has been struggling to break the trend line with no success. with all the resistance above, we can safely say that the price is about to fall hard and swift.
The up trend has been broken, and the price has gone into the down trend,, after retesting it several time with clear rejection, the price should start falling for the coming few weeks.
Our last CADJPY short trading generate tremendous profit with +100 pips collected. the short trend reached to it final destination and now we are ready to ride the Up trend.
AUDJPY has been trying to break the trendline with no success. Respecting the down trendline for such a long time shows that the fall is about to begin.