The_Trader_FX

The_Trader_FX Updated 

Bitcoin ( BITSTAMP:BTCUSD ) is back with bullish momentum — and the charts are starting to show real strength. 🟢 Key bullish signals: • Breakout above recent bearish channel resistance on daily chart • Strong volume confirmation 🧠 Sentiment is shifting — fear is cooling off slighthly, and traders are eyeing higher targets. 📍 What I'm watching next: ...

The_Trader_FX

While Bitcoin has been stealing the spotlight, Ethereum ( CRYPTOCAP:ETH ) is quietly stuck in a bearish channel on the daily chart. 📉 Lower highs. Lower lows. Price is respecting both the upper and lower bounds with precision. 🔍 What’s happening: • Since December when price topped at $4,125 CRYPTOCAP:ETH started it's bearish move • Volume is thinning =...

The_Trader_FX

BTC has broken bearish channel resistance on daily chart. Generally in those situations the most common outcome is that the price action returns back to the channel first and forms new low, and after that it can flip and change the trend or it can resume the bearish move. Anther possibility here is that we are entering range in are between 75k and 87k. In,...

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EURCHF has formed the triangle on daily chart. At the moment the price is testing the support. Will it break it?

The_Trader_FX

EURUSD is testing support at 1.0880 -1.09. I would like to see price closer to moving averages before reenter the long.

The_Trader_FX

AUDJPY has started bullish move after double bottom pattern was formed. We can see a bounce to the upside as the price is having a positive momentum. We should be getting close to first TP at 83.75-84.00 zone. If the first target is reached and the price makes a daily close above that zone, we will be moving towards the final TP at 85.80 zone. Bullish continuation...

The_Trader_FX

USDCAD is ready to move south as Head and Shoulder pattern was formed on a daily time frame.

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Long GBPAUD is "Trade of the Week" by RBC Capital. Their target for the pair is at 1.9120.

The_Trader_FX

GBPCHF has formed ascending triangle and it started to test important psychological level and resistance at 1.22. We have seen that GBP has been very strong recently mainly because it was undervalued before the Brexit deal was agreed. A break of resistance would signal further move north. Price levels above 1.25 are expected later this year.

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Credit Agricole CIB Research likes long GBP/CHF exposure on the prospect of a Brexit EU-UK trade deal targeting a move towards 1.25. "Our central case remains that a ‘bare -bones’ Free Trade Agreement (FTA) will be agreed between the UK and the EU. We continue to think that a trade deal is in the best interest of both the EU and the UK," CACIB notes....

The_Trader_FX

AUDUSD to continue move upwards after breaking ascending triangle resistance at 0.7340. Next level to watch is 3 month high at 0.7415.

The_Trader_FX

AUDUSD has bounced from the ascending channel support on the daily chart. It signals a move towards psychological level at 0.70

The_Trader_FX

AUDUSD had a big rise in previous month and it tends to become stronger. At the current levels it is a good buying opportunity. My targets are 0.7012 and 0.7134. The strong support is at 0.6790 - 0.6750 levels. If we see the breakout here the bears will take control.

The_Trader_FX

AUDNZD has formed a hammer candle yesterday on daily chart. Today it is forming a strong bullish one. A sign that the bullish move is about to continue.

The_Trader_FX

XAUUSD has formed a bullish triangle.A break of resistance at 1719 means free ride to the next level at 1745.

The_Trader_FX

CADJPY - formed a bullish marubozu candle o daily yesterday. A bullish move to continue.

The_Trader_FX

EURNZD formed a strong bearish marubozu candle on the daily chart yesterday. A move down to levels around 1.67 on the cards

The_Trader_FX

GBPAUD - will continue it bullish move in ascending price channel. A daily chart formed engulfing patter two days ago and today it is forming a hammer candle.