MarcellusLUX

MarcellusLUX

Overview - USD/CHF is in a correction wave from the last two weeks. However, price is currently finding support in the 0.9180 level and the uptrend may resume very soon. Let us analyze and take a look at a possible buy signal for USD/CHF. Analysis - From the chart, you can see that price is above the 100 day moving average, which indicates that the uptrend is...

MarcellusLUX

Overview - EUR/JPY is in an uptrend for a long time now. But, price is finding a lot of resistance at the 130.50 area. Despite that, reversal is elusive so far. Let us analyze and find a possible sell entry for EUR/JPY sellers. Analysis - From the chart, you can see that EJ has not been able to break the 130.50 barrier for the last 7-8 days. So, a reversal...

MarcellusLUX

As shown in the chart, you can buy with a moderately tight SL if this 4H candle turns out to be bullish. Keep in mind that price action is not that supportive of the bulls right now. So, be careful ;) as use proper money management.

MarcellusLUX Updated 

Overview - EUR/USD is consolidating between 1.1870 and 1.1925 for a few days now. No major moves have taken place so far. However, it seems the bulls are running out of steam. Let us analyze and see if there's a case for the sellers here. Analysis - From the chart you can see the consolidation phase in EUR/USD. Even if price breaks out of this consolidation...

MarcellusLUX

Overview - USD/JPY is trading in a small range over the last few days. However, it seems that a big move may happen very soon. Let us take a look at a low risk buy set-up. Analysis - From the chart, you can see that price is in a minor support area. It is also near the 100 period moving average on the 4-hour chart. Probable trade set-up - Based on this, a...

MarcellusLUX

Overview - GBP/USD is slowly consolidating in the support area now. Therefore, there is a good chance that the uptrend may resume soon Analysis - From the chart you can see that bullish candlesticks have formed at the support level. Price is also clearly above the 100 DMA which means uptrend is still intact. A possibility in resumption of uptrend towards 1.40...

MarcellusLUX

Overview - Gold has dropped as expected from the 1757 resistance level. If you Followed my previous idea to sell at 1745 then you are already in good profit. In this idea, let us analyze Gold and see if there is more downtrend to come. Analysis – As you can see from the chart, price is clearly under the 100 day moving Average which indicates that the...

MarcellusLUX

Overview - GBP/USD is approaching a support area. Although price action is not very supportive of the bulls right now, there could a chance for the buyers soon. Let us analyze and see if GBP/USD could be entering a buy area soon. Analysis - From the chart, you can see that price is still above the 100 day MA which suggests that the uptrend is still intact from...

MarcellusLUX

Overview - Gold has recovered to 1750+ levels but Gold bulls are finding resistance at the 1755 level and has not been able to break through the resistance. Analysis - From the chart, you can see that there has been bearish candles in the resistance level near 1755. Price has not been able to break the resistance so far which suggests that price may reverse...

MarcellusLUX

Overview - EUR/USD has recovered over 200 pips after falling to 1.17 a couple of weeks ago. However, the recovery might be coming to an end soon. Let's analyze and find out a Sell signal for EUR/USD with entry, TP and SL Analysis - Price has found resistance at the 100-day moving average level just above 1.19. More resistance lies at 1.1980. So, it is quite...

MarcellusLUX

Overview - EUR/JPY has reversed from the double top at 130.60. So, let us take a look at a possible sell entry which might play out in the next few days. Analysis - As you can see from the chart, 130.60 level is a resistance for EUR/JPY which the bulls could not break previously. Price has reversed from the double top with bearish candlestick formation. ...

MarcellusLUX

Overview - GBP/USD is currently witnessing a big correction after touching yearly highs at 1.4240. However, is there a case for the buyers? Let us analyze and take a look at a possible buy set-up. Analysis - From the chart, you can see that price has formed a bearish flag on the daily chart, which has a high probability of breaking down. So, if that happens and...

MarcellusLUX

Overview - EUR/USD has recovered over 200 pips after falling to 1.17 a couple of weeks ago. However, the recovery might be coming to an end soon. Let's analyze and find out a Sell signal for EUR/USD with entry, TP and SL Analysis - Price has found resistance at the 100-day moving average level just above 1.19. More resistance lies at 1.1980. So, it is quite...

MarcellusLUX

Overview - Recently, USD/CHF has slid below the 0.93 level. However, on the lower end of the 0.92 level there lies some support. Let's take a look at whether buyers have a good chance. Analysis - From the chart we can see 0.9220 level can provide some support if price drops to that level. Probable trade set-up - Based on the support level, a buy entry at...

MarcellusLUX

Overview - Gold is consolidating in the resistance area for quite sometime now. Yesterday, was a bearish day but not bearish enough for the sellers to be too confident ;) Analysis - If you look at the chart, you can see that yesterday's daily candlestick, although bearish, has a pretty long wick at the bottom. So, the sellers have not been able to dominate the...

MarcellusLUX

Overview - AUD/USD has been in a downtrend for the last 6 weeks. However, is this a downtrend or merely a correction? Let us take a look at whether there is a case for the buyers here. Analysis - Looking at the chart, you can observer the following: Price is still above the 100 day moving average, which indicates uptrend is intact. 0.7530 is a...

MarcellusLUX

Overview - EUR/USD's recovery from 1.17 level has faced the first hurdle yesterday and so far, bulls have not been able to take out the 1.19 key resistance level. Let us analyze and look at a possible sell signal for EUR/USD. Analysis - From the chart, you can see that a bearish daily candlestick has formed at the key 100-day moving average level. Price has...

MarcellusLUX

Overview - USD/JPY's bullish run since January this year has been quite phenomenal. Thanks to the combination of stronger US Dollar and a weak Japanese Yen( owing to strong equity market performance), USD/JPY has appreciated 8% in a span of just 3 months. However, it looks like UJ might be peaking Analysis - From the chart, you can see that price is moving...