MujkanovicFX

MujkanovicFX

The EURAUD pair broke out above a falling wedge pattern formed during an uptrend, which is a bullish signal. Previously, the pair respected the 61.8% Fib level and was supported by the recent weakness in the Australian dollar.

MujkanovicFX Updated 

Here we have the NZDCAD pair with a possible short opportunity. The pair has been in a downtrend on the daily timeframe, shown by the red falling trendline. The shorter-term uptrend on the 4-hour chart seems to have found resistance at the 78.6% Fib retracement, signalling that the price correction has finished and that the underlying downtrend may...

MujkanovicFX

Here we have a potential short setup in the AUDJPY pair. The daily chart shows an important resistance close to current prices, aligned with the 61.8% Fibo retracement level. The pair has been in a downtrend for quite some time, and the price correction may be about to end. The daily candles show a Shooting Star/Evening Star reversal pattern, which still needs to...

MujkanovicFX

The pair made a higher low on June 28th, and formed a bullish wedge. Today, the price broke the bullish wedge to the upside. Japan has still a loose monetary policy and Great Britain posted some good numbers recently, which increased the possibility for a rate hike in the coming period.

MujkanovicFX

EUR/GBP is breaking channel and horizontal support on the daily, watch out for a short setup.

MujkanovicFX

USDJPY testing a confluence of horizontal and trendline support, after the pair broke the trendline and made a pullback. Next major resistance at 107.8x.

MujkanovicFX

My recent trade on this pair performs quite well and is around 75 pips in profit as of this moment. The Friday's outside candlestick (engulfing pattern) is another confirmation for an potential upmove, and the recent swing low served as a basis for a symmetrical triangle. Symmetrical triangles usually mean continuation, but the pair has first to break its 1.22 -...

MujkanovicFX

EUR/USD Daily: The pair approaches its lower range support at 1.22, after it broke the rising trendline shown on the chart. Eurozone data was soft this week (Core CPI and German retail sales lower than expected), and we await the US NFP scheduled for tomorrow (yesterday's US unemployment claims 242k vs 225k expected). I remain bullish on the pair in the...

MujkanovicFX

CAD/JPY Weekly: This trade performs well, currently 300 pips in profit. CAD got stronger with positive NAFTA talks (tomorrow is the next meeting), and JPY is losing ground and unwinds its safe-haven gains in the recent period, as risk sentiment improves.

MujkanovicFX

Hi guys, this pair formed a bullish wedge and is approaching a long-term trendline from 2015. Follow the price-action and prepare for a potential upmove.

MujkanovicFX

The EUR/CHF pair remains inside a daily upwards channel, but it reaching a major resistance as shown on the chart. Breaking this resistance would send the pair to the highest price since January 2015, when the Swiss National Bank unpegged the 1.20 EUR/CHF peg. I expect the pair to retest the lower channel line again before reattempting to break the price level of...

MujkanovicFX

USD/CAD formed a nice-looking H&S pattern and made a pullback to the neckline on the 4-hour TF. Good for a short entry. Stop-loss above right shoulder, and take-profit and at the next support at 1.2620.

MujkanovicFX

Brent Crude seems to find resistance at the rising daily channel, which aligns with a horizontal resistance zone.

MujkanovicFX

AUD/USD formed a bullish wedge on the daily, and with the price hitting the wedge support and breaking the short-term falling trendline inside the wedge, we can expect a bounce to the upper wedge line. Stop-loss placed just below the lower wedge support.

MujkanovicFX

GBP/JPY Weekly: The pair broke the weekly rising trendline (red) and retested it again. This fact together with the bearish wedge pattern on the daily can make for a nice trade setup. GBP/JPY Daily: The pair made a bearish wedge on the daily timeframe, which can easily send the pair down to the blue daily channel once the wedge breaks. Fundamentals: JPY may...

MujkanovicFX

AUD/USD is currently trading at the lower wedge line, and it seems that the support holds. This could make a great trade as the SL is tight, and the TP is the upper wedge line.

MujkanovicFX

US dollar was under heavy pressure these days with investors worrying about the US-China trade relations. However, US dollar saw some strength against the euro with the end of March and the end of the first quarter when position adjustments usually drive demand for the greenback. April, on the other hand, is generally a bad month for the US dollar, and with the...

MujkanovicFX Updated 

GOLD made a pattern that looks like a Head and Shoulders on the daily, a break below the blue neckline (and support) could see the metal falling to 12xx.... However, notice that the falling wedge (during an uptrend) is still intact. This means continuation to the upside. The real thing here is to wait how fundamentals will develop - US trade tariffs, EU meeting...