Pure resistance & support + fundamentals. Last close was 1.27 -1.27100 then a sharp rejection at RES 1. Res 2 is marked as possibility, due to GBPUSD uncertainty. Fundamentally wise, GBP is under pressure and has uncertainty around it due to EUR vote (result Monday). Alongside this, May is under pressure and candidates (Boris) would force through Brexit causing...
We have here a EURJPY SELL. With resistance and support clearly marked out on our chart. Price is approaching our level 1 res. (38.2% Fibonacci retracement , 100% Fibonacci extension ) where we could possibly see a drop towards our major support. Stochastic is approaching resistance as well.
CADCHF - Ideal SELL on H4. Structure is downtrend and candles are showing bearish. EMA = Sell Looking for a short retrace back to resistance zone and then we will SELL. Any close above res level means structure may continue up.
GBPJPY is going towards a VERY strong monthly and weekly SUPPORT level. We're looking for GBPJPY to enter this zone before entering into a trade, we should then see a BULLISH RUN. In regards to this, we do have to be cautious due to last weeks markets and not following analysis, especially with the HEAVY DOWNWARD TREND that is very apparent. This was all caused by...
AUDCAD is showing signs of dropping further and is following simple res and sup levels. Structure and tendency are all DOWNTREND but we must wait on this trade to first form into a further downtrend reaching 04 OCT level.
Welcome to the ever volatile XAUUSD! Let's see what we have planned... XAUUSD is obviously in a bearish trend and when XAUUSD is on a trend, it tends to follow it until support or resistance hits. Unless it breaks these levels you could see either a +200pip rise or increase, as we've seen before. Res level 2 (zone) has been marked, we have seen XAUUSD test this...
USDCHF is approaching resistance, so a limit is advised. This could reverse down to support level, as shown.
USDJPY has already reversed of the RES LEVEL 1, with it slowly approaching this level again we could see a resistance point hit and drop towards support as shown. Support level is pinned due to 31/01/19 level.
CHFJPY - Listed with key res and sup levels and recommended with a limit. JPY fundamentals have been positive.
Bears are taking over but we can see price is currently in support level (green). Realistically, we should see a bounce back up to res level (red). Only factors further pushing GBP down are false MM (market manipulation) surrounding Trump and USD. Of course, fundamentals are always present around GBP, but surely it's exhausted? SUP LEVELS: 1.27844 - 1.28098
AUDNZD broke out major support and could potentially fall to 1st support (61.8% fib ext). Bearish pressure is showing. If we do see a bounce back up to resistance, a re-entry will be done. ENTRY: 1.05300 - 1.05400 (Re-entry as mentioned if market changes) SL: - TP: - SL and TP for VIP members only.