


Chartist-Trading
Sell at 1.0050-70 area for a target of 0.9980-90. Stops above 1.0090
Below you can see our technical view for the start of the week of the daily charts of the majors EURUSD The pair is in a sideways formation for over a month now and the top of the range has been tested with Friday's highs. Until we see a breakout we trade the range... GBPUSD The pound has risen all the way to from the bottom to the top of the downward channel...
GBPUSD continued all the way higher towards the critical resistance area at 1.3360-80 which we believe for once more will hold, at least for today. We will test this scenario with SELL positions at 1.3355 and 1.3375. So our strategy is as follows: Entry1: SELL@1.3355 Entry2: SELL@ 1.3375 SL: 1.3396 TP 1: 1.3325 TP 2: 1.3332 (if both entries are filled)
USDJPY is facing resistance at 114.30-60 area and we are going to test it with SELL positions at 114.32 and 114.62. So our strategy will be the following: Entry1: SELL@114.32 Entry2: SELL@114.62 SL: 114.85 TP1: 114.00 TP2: 114.20 (if both entries are triggered)
GBPUSD is heading towards its initial meaningful resistance area for today which is the 1.3275-85 area. We will test its endurance with SELL orders at 1.3275. SL@1.3307 and TP@1.3245
GBPUSD is moving towards support area after Friday's weakness to confirm the breakout. A false breakout is usually a negative sign for a strong move in the opposite direction and for this reason we will hold our targets tight. We will BUY at 1.3195 adding more at 1.3160. 30pips TP target if only the 1st position is triggered and 20 pips target from the average,...
The dollar is on the ropes after yesterday's reversals and in this analysis we are going to present 4H charts of the pairs that are on the verge of major breakout or have already broken out from their sideways formations. Take note ofthe mentioned breakout levels and act if they are broken, As for the GBPUSD we are on the BUY side targeting 1.3360-80. EURUSD The...
GBPUSD is finally moving to the anticipated direction and looks like it is ready for the breakout. We BUY the hourly breakout targeting 1.3350-70. Stops could be set below the last swing lows(1.3215).
EURUSD is approaching its first meaningful support area for today at 1.1275-85. So our idea for this will be the following: BUY @1.1285 SL@ 1.1254 TP 1.1315
GBPUSD broke out from the sideways formation and from the downward channel with Friday's move. The continuation of the move is our favored scenario and we follow it with BUY positions at current levels (1.3250). Stops must be set below 1.3195, targeting 1.3280-85 and 1.3330. Another way to trade our view is to BUY at current levels adding more at 1.3225-30 setting...
Below you can find our Technical View for the beginning of the week for the major currency pairs and for the crosses that have interesting and tradable chart outlook. EURUSD GBPUSD USDJPY AUDUSD NZDUSD USDCAD GBPJPY
USDCAD is facing resistance area from previous base lows. The technical picture suggests that the corrective move maybe over, so we try this view with SELL positions at current levels, setting the stops above 1.2755. Targets 1.2670 and 1.2640...
USDJPY is testing support at 113.25-35 area. We BUY at current levels (113.45) for 113.75. Stop below 113.17.
EURUSD is approaching its first important support zone for today at the 1.1265-75 area. We will BUY at 1.1275 adding more at 1.1230. Stops below 1.1215. Target 1.12950-00 if only the initial entry is hit and 1.1275-80 if both.
GBPJPY is forming a base just above the critical support zone at 149.00 area. We believe that an upward break of the sideways formation is in the making. We will BUY at current levels, adding more at 149.50. Stops below 149.10 and targets 151.00 and 151.70... The Daily and 4h Charts below give the a view of the broader perspective...
EURUSD has just broke the short term channel and the sideways formation showing strength. We follow the breakout with BUY orders at current levels, adding more at 1.1290. We set our stops below 1.1260, targeting 1.1335 and 1.1350
GBPUSD is testing support after the break. We BUY at 1.3170-75 setting stops below 1.3145, for 1.3210-20
AUDUSD is in an overbought state and we believe that it will make one final last leg up before a meaningful correction. We are going to SELL any new high at R1 for today at 0.7145 adding more at 0.7170-75. we will set our stops above 0.7190 targeting 30 pips for profit.