Justfxtrades

Justfxtrades

On technicals, The price reacted to the bearish cypher pattern and started dropping, breaking the support level with a strong candle. It seems likely to continue its decline toward the 166 level. Right now, we’re waiting for a retest of the broken 172 support, which could be a good entry point. On the fundamental side, Swiss GDP dropped by 0.4% in the third...

Justfxtrades

USDCAD price is still testing resistance for the third time and failed to break it up, the price now is forming a triple top pattern following by bearish candle, the seller are already showing their presence, my forecast is the price will continue down until level 1.3900

Justfxtrades

Even with the Fed cutting interest rates this month, the dollar continues to rally, reaching positive levels. From a technical perspective, the USD/CHF is moving in an upward trend within a rising channel. Currently, the price has broken through the resistance level of 0.8912 and is now retesting this level after the market opened with a price gap. The price is...

Justfxtrades

Currently the price is on a downtrend, forming a bullish butterfly harmonic pattern following by AB=CD pattern, waiting for the price to arrive to our demand zone and confirm the patterns then we must look for a long position, all eyes on the AUD CPI data next week.

Justfxtrades

Currently the price is on a downtrend, forming a bullish butterfly harmonic pattern following by AB=CD pattern, waiting for the price to arrive to our demand zone and confirm the patterns then we must look for a long position, all eyes on the AUD CPI data next week.

Justfxtrades

Gold is still moving in an upward trend despite breaking the trend line, which turned out to be a fake out. It is expected to continue its rally and break its ATH amid ongoing geopolitical tensions in the Middle East and especially the escalation between Ukraine and Russia following Washington’s approval for Kyiv to use long range missiles.

Justfxtrades

Sellers responded to the supply zone in the 4H time-frame and the price started moving downwards forming a lower highs and lower lows, waiting for the best entry.

Justfxtrades

As you can see clearly the price was moving in a bullish momentum, then began to forming a double top pattern, then broke out the support zone and returning to test it, currently we are starting to see reactions from sellers, so I expect a decrease in the price of the Australian dollar against the Canadian dollar.

Justfxtrades

After the price retested the brocken support zone 1.3513 on the daily time-frame, as you can see it formed a double top pattern on the 4H time frame , waiting for breaking the neckline support level (1.3413), then we could see some bearish moves after a retest confirmation .

Justfxtrades

The gold price appears to be retracing after hitting its record high of 2147 since the year started. I anticipate a continued downtrend in the gold price in the upcoming days, with all attention focused on the NFP report next week.

Justfxtrades

After the strong rise of the price that came after the completion of the harmonic pattern ab=cd Which is all enough to break through the previous resistance, the price started corrective moves to retest the area, forming a parallel descending channel, which broke through it after retesting the area and touching the 61% level of Fibonacci, so I think that the price...