balajicf1762c207ea4550

balajicf1762c207ea4550

EUR/USD advances above 1.1050 amid trade optimism EUR/USD is trading above 1.1050, extending its gains. The US and China held high-level talks over the weekend and hailed them as "constructive." Several ECB members speak today. From the chat the pair is a downward trend, buyers might still push up the price and later drop,if we get to see a breakout from the...

balajicf1762c207ea4550

From a Technical view of support and resistance, the GBP/CAD cross rose to test a key resistance level in early trading of today. We seeing price at a key resistance area for the beginning of a drop. Signal Specification Pair:GBPCAD Entry: 1.70915 Pending Entry: 1.71076 Tp: 1.67191 Sl: 1.71988 R/R: 3.08

balajicf1762c207ea4550 Updated 

Flags form when the market retraces during trending conditions and are used as trend continuation patterns. The counter trend movement creates a small channel, when price breaks the channel in the direction of the trend, the continuation trade is triggered.

balajicf1762c207ea4550 Updated 

The double top candlestick pattern is great for identifying bullish exhaustion and market tops. You can see on the chart above, after a long really this market double topped AT 4H TIME FRAME.....and we waiting for price to break the neckline and we can still sell after the break............, which will result to a very profitable bearish trade. Signal...

balajicf1762c207ea4550

Bitcoin resumed the decline amid the downside correction on the market, forms a flag pattern on a daily chat. Bitcoin retreated from Tuesday's high of $9,512 to trade at $9,170 around this zone. BTC/USD has lost 2% both on a day-to-day basis and since the beginning of the day moving within the short-term bearish trend amid expanding volatility.

balajicf1762c207ea4550

Gold attempted a break out above a key daily trendline last week. However, at the time of this posted about my skepticism about the break, which proved to be correct as price rejected the $1500 region with a bearish Pin Bar. So, the next driver for Gold today is to be the Fed and the rate statement tonight at 1900GMT. Here are my expectations for Gold: If the Fed...

balajicf1762c207ea4550

UK lawmakers have approved the early election bill with 438 votes and 20 against for an election on December 12. UK Parliament will be dissolved ahead of the elections on November 06. The Conservative party on odds on favourite to win with odds of 10/11. Signal Specification Pair:GBPUSD Entry: 1.28952 Pending Entry: 1.28074 Tp: 1.31593 Sl: 1.27318 R/R: 1.62

balajicf1762c207ea4550

Modest pickup in the USD demand failed to provide any respite. Bulls even shrugged off the ongoing slide in Crude Oil prices. The focus remains on Wednesday’s FOMC/BoC policy updates. The USD/CAD pair struggled to register any meaningful recovery and remained depressed near three-month lows, around mid-1.3000s. The pair extended its sideways consolidative...

balajicf1762c207ea4550 Updated 

EUR/AUD consolidating at a key 1.6250 area as markets get braced for a packed week ahead. Draghi's last appearance left the euro open for downside pressure.We waiting for price to touch our key support zone and go long ....wait for a little pull back...... Draghi influence has been dusted off and its back to geopolitics for a catalyst. Signal...

balajicf1762c207ea4550

ello traders, CAD/CHF looking so great for a potential sell off at a strong resistance level of a Daily chart @ 0.76441....... However, given that the currency exchange rate is currently trading in a up trend line, bears could have the upper hand in the market within this trading week and next. Signal Specification Pair: CAD/CHF : Sell Entry: 0.76229 Pending...

balajicf1762c207ea4550

NZD/CAD On a 4hrs chart,Drawing our Support/Resistance Line...........A possible bullish run is visible, seeing price seating on a support price zone of 0.83042 with fail breakouts, expecting price to more upward to our target take profit..........

balajicf1762c207ea4550

Looking at GBPCAD technically, we could enter for a sell at current market price or we wait for a pull back for another entry to see a great fall in the pair, but we need to be carfull of the GBP fundermental new for today on the UK Parliament vote on whether to hold a snap general election; A simple majority is needed to pass the bill; Signal...

balajicf1762c207ea4550

CADJPY has been bullish on the daily chart. The price stalls at a level of resistance where the price had a rejection. If the level holds the daily price and produces a strong bearish daily candle, the pair may make another bearish move.... Signal Specification Pair:CADJPY Order: SELL Entry:83.141 PENDING ENTRY: 84.346 TP:79.245 SL:85.727 R/R: 1.59

balajicf1762c207ea4550

NZDCHF at a Resistance level, where price is struggling to break above, selling at current market price and waiting for price to touch our trend line for a pull back and give us nice entry for price to drop so nice.........The New Zealand Dollar and the Swiss France cross is a currency that offers an alternative risk play. The New Zealand Dollar is known as a...

balajicf1762c207ea4550 Updated 

GBP/USD @ A CONFUSION ZONE.........BUT TECHNICALLY .......LOOKING AT GBP/USD FOR LONG.... The pound has been flirting with the 1.30 hurdle against the US dollar on relief that Johnson-led negotiations will certainly not result in a chaotic Brexit by the end of this month. The government published a 110-page Withdrawal Agreement Bill on Monday. Today, MPs will...

balajicf1762c207ea4550

We are in the Second-&-last-flash-drop as expected but dropped +$4 lower than anticipated (lets also not micro-manage small drops and look at the long term trend)..........................On 21 October Litecoin went as high as $55.995... Litecoin Bearish flash drop lower on 1,2,3,4,5 is a normal circumstance any financial asset is expected to break downwards...

balajicf1762c207ea4550

Russian Energy Minister Alexander Novak crossed the wires yesterday, arguing that the oil production in the United States is unlikely to grow at the same pace as in previous years at current price levels. "The slow-down of oil production in the US is a trend," Novak added and noted that the US oil output was set to peak out in a few years. Crude oil prices seem...

balajicf1762c207ea4550

EUR/JPY is facing selling pressure, possibly due to risk aversion in the equity markets. A series of bearish wicks paints a bearish bias on the 4hrs chart......price might touch our support/resistance zone...do a pull back for another nice entry....if its breaks the support/resistance zone.....the pair will sell off.......... Signal Specification Entry:...