GBPNZD seems to have reached the area of resistance basing on the trend line drawn on the Monthly highs and also having a wick formed on the monthly candle stick showing price rejection as it tried to go higher. In addition on the weekly and daily time frame, pin bars seem to have been formed in an area of value hence showing signs of a trend reversal. Best...
A strong monthly support of NZDCAD has been broken and this is an indication of the continuation of the down trend up to the next area of value which is below expecting us to bag roughly 1,100 pips. The trend Continuation is further confirmed by the pin bar formed at the area of support this being shown on the 4 hour chart hence indicating trend continuation. its...
the formation of a bearish pin bar confirmed to downward movement to the GBPCAD pair
In EURUSD currency Pair, There is continued downtrend expected and also formation of a bullish pin bar in a downtrend confirming a continuing down trend
XAUUSD looks like it has reached the maximum high basing on the monthly time frame giving the assumption that its in a downtrend in the weekly and monthly time frame. There is also a show of price rejection shown in the monthly time frame basing on the hummer formed and and an indecision candlestick formed. then on the weekly, we happen to have an engulfing setup...
continued downtrend expected in the 4 hour and daily time frames though after a small pullback in the 1 hour time frame