The Aussie is currently trading at a very pivotal level. A break below the 200 MA (06740) could see the Aussie drop further to the 0.6700 psychological line. However, in my opinion, this pair is likely to continue on its initial trajectory towards 0.6800. Trade safe. #channelguide #channeltrader.
EUR/USD has tested the 1.1020 support level. This pair doesn't seem to have what it takes to continue upwards. I expect to see 1.1000 rather soon. #channelguide #channeltrader.
The AUD/USD is picking up steam and could see the 0.6800 level soon. First, I expect a retrace to the 0.6755-50 area before this up move. However, a break below 0.6740 could send this pair lower (0.6700). Trade safe. #channelsguide #channelstrader.
The USD/JPY has confirmed a resumption in its original channel/trend. However, at this point, I expect a retrace to the108.95-86 level before it continues on a bullish path. This pair is likely to find resistance at the 109.50 level. #channelsguide #channelstrader.
The GBP/USD has successfully bounced off the previous support and is looking like it's next stop is the 1.3070 level. If this level is successfully scaled, this pair could continue on its bullish trajectory. However, the current Brexit saga might weigh on this pair and could cause it to drop even further this week. Trade safe. #channelguide #channeltrader.
The GBP/JPY is in the spotlight today. This pair just recently bounced off a strong support at 141.000 and is showing the tendency to shoot to the 142.518 level soon and subsequently, the 143.000 psychological level. However, the GBP is under strong fundamental pressure and has a bearish cloud hovering over it. TBH, I can't say for sure what this pair would do...
The GBP sure took everyone by surprise today. This drop was as a result of the tension rising from the Brexit deal. Updates have it that this tension might last and as such, price may dwindle even further. The next support for the GBP/USD is at 1.2950 and subsequently the 1.2900 psychological line. Due to the strong fundamentals ruling this pair, price may exhibit...
As I said last week, I'm not convinced that the eur/usd has the bullish backing to break above the 1.1100 psychological level. I except this pair to fall back to its support line at 1.1050 and subsequently resume the displayed channel. #channelguide #chnneltrader.
Hello traders. So the gbp/usd took me by surprise as wasntn't expecting it to hit the 1.3063 support so soon, I expected it to happen later in the day. Moving forward, the pair is likely to stay on its bullish course and reclaim the 1.3100 and proceed to1.3160 and subsequently 1.3200. #channelguide #channeltrader.
I haven't really been paying attention to the eur/usd, but it turns out that this pair might have a little bullish juice left in its tank. This pair is likely to test the 1.1100 psychological line, but honestly, I'm not really convinced it will sustain a move over that level. If it fails to take the 1.1100 level, it could sharply drop to 1.1050 and subsequently...
The gbp/usd has successfully broken above the pre-mentioned resistance at 1.3162 and looks like it will continue on this upward move for a while as it is beginning to pick up buyers coupled with the positive Brexit news. It's next hurdle will be the next psychological line at 1.3200 and subsequently the 1.32785 mark. Next week will likely be a bullish one for this...
As predicted earlier, price has comfortably closed above the initial resistance at 1.3100 and is now heading towards the next ceiling at 1.3162. If this pair finds enough buyers at that point, it will conform a resumption of the precious uptrend. #channelsguide
According to this channel, the AUS/USD has reached the bottom of the channel and will be looking to pick up buyers to help it really to the 0.6780 point. This move will most probably happen next week, however.
The GBP/USD pair is setting up for a serious up move. This will happen if price can comfortably close above the 1.3000 psychological line. Except to see more bullish performance from this pair next week.