ForexCoaster

ForexCoaster Updated 

NzdCad is currently in a bullish flag pattern. We expect it to go up very soon as buyes are still strong. SL can be corrected due to the situation on the market.

ForexCoaster

As seen on the photo above we are getting closer and closer to another area of support for EurJpy on weekly chart. The whole chart might also go for a bullish triangle and there is why there are two "Take Profit"s. Feel freee to ask questions and subscribe now.( We also have Telegram channel)

ForexCoaster Updated 

There is a possibility that NZDUSD will bounce of the area at 0.64153 on the 15min chart. We also marked the Big Boy's area 0.63939 as the another level of stronger resistance if it breakes throught 0.64153. Don't rush the buy for that reason at first. Stay alert and be aware if some movements happen.

ForexCoaster Updated 

Recently buyers have troubles pushing the market up(the area is within blue rectangle). In the last movement up we can see a channel and fading of the moventum (which is shown as a lower high on MACD) in comparason with the previous run. In our technical analysis we have two scenarios. However, at the moment we stay neutral as the channel hasn't been broken yet,...

ForexCoaster Updated 

After hitting the resistance at 1.22573 we expect the continuation of the up trend for GBPUSD.

ForexCoaster Updated 

AudChf is bouncing of resistance at 0.66751. Its a good sign for going for a long trade as the big boy's area is also a buy.

ForexCoaster Updated 

GbpJpy will recover downtrend after the pulback at 1-4h. Byuers might fail at 127.862 so we would recommend you to look for a short in this case. R/R: 1.64

ForexCoaster Updated 

Congrates to everyone who has opened short for GBPNZD! Short is now active and we expect a good continuation for the downtrend.

ForexCoaster Updated 

GbpAud is approaching area of resistance at 1.79595. After seeing that sellers quit at a smaller timeframe it is reasonable to open a buy. Risk/Reward: 1.54 (However thare are big chances for the up trend).