this currency pair is in an ascending trend as indicated in the chart. support at 0.6075-0.609 set to buy at support
Price found support from the upward trend at 76 level. It's worth a shot to buy at around 76. Target 77, 20 pips of SL
Price is now in a narrow triangle, not giving a direction. It found support at 1.085-1.086 which is the lower support line of the triangle; it has the potential to move upward to 1.096-1.097 HOWEVER, with the bearish momentum of MACD strengthening and MACD about to travel below base line, indicator shows buy side is NOT strong. If price breaks1.083 - 1.085, then...
price is now under resistance of 0.637 and successfully rejected by it once last week. I assume a retracing to 0.62 is coming soon. Short at 0.637-0.638, SL--> 0.64, TP -->0.628 and then 0.62 When price hit 0.62, long if 0.62 as a solid support; short if 0.61 broken.
Price in Friday NY session was walking down to support of uptrend from 0.821 of the year of 2000, which is around 1.078. Excitingly, it did show a little bit sign of the validation of the support 1.078. Buy at around 1.078, 1st target and 2nd target are both pointed in the chart. let's see.
EURGBP is now approaching the end of triangle forming. Probably choose a direction after ECB releasing monetary policy in the following EURO session. My $ is on LONG.
it’s been in an uptrend since 0.56 showed validation of support. On 7/April/2020, yesterday, price went up and broke resistance of 0.594-0.595 toward 0.6022, but failed to continue climbing up. MACD now shows bullish momentum is weakening and there is a sign of MACD going to cross down with the signal line. Pay attention to 0.59 level, which is now turning...
price broke resistance of recent downtrend, 66.6 and climbed up to 67.65 on 7/April/2020. Should pay attention to three positions, 66.6 ,64.9 and 64. If 66.6 hold well, then this currency pair has the potential to going up higher, but with the weakened bullish momentum of MACD in H4 and unable to make a new high yesterday, it’s still likely to go back to the...
False break, back to the channel. Possibly go back to test the previous downtrend resistance-turned-to-support position, which is also the current uptrend support, 1.335.
GBPUSD is in a perfect downtrend since 2015 from 1.59, and recently was successfully rejected by 1.321. In short term, price broke support of uptrend starting from 1.145. Short around 1.225, 1st target = 1.214. Continue breaking 1.214, then targeting 1.197
As indicated in the chart, AUDJPY has broken downward trendline, and gotten supported at 65.75, and now is keeping going up test 66.70-66.90. It's very likely to climb towards 67.70 and 69 level, after price stands above 67. MACD still stays above baseline, although its approaching toward baseline, bearish momentum has shown as weakened. My bias for AUDJPY is...
As pointed in the chart, price was rejected at 0.95 and now is sitting around short-term support 0.915. either it goes up test 0.93 and then go back down or break down through toward 0.90 level.
on March 3, the FED urgently cut benchmark rate by 50 bps, said that the virus poses evolving risks. Moreover, the fast spreading of the virus around Italy, America, Japan, Korea and Iran really provides a solid support for gold price. Gold price rocketed up to 1650 usd/ounce in several minutes. Downtrend from 1690 finished temporarily. As long as price runs...
price is hovering around the support line = 0.9600 level. aiming up toward 0.976-0.98, which is resistance zone of the current downtrend.
Price is in downtrend since it was rejected at 0.703. The downtrend has been lasting for over 2 months. 3/3 RBA cut 25 basis points in interest rate, which is successfully predicted by the market and resulting in AUDUSD being sold off lately, touching 0.6435. With the shoe dropping down, the action of sellers taking profits prevents the price from going down,...
139.2 has been successfully tested to turn from support to resistance. mid-long term, 130.5, as the support of the uptrend , is likely to be a target: if the trade deals, one between Britain and the Euro and one between Britain and American, did not go well; plus, the global health environment went worse.
Since price was supported at 1.0780 and then went up to current level 1.09, price action has proven one thing, which is the retracement has began. Resistance of current short-term downtrend as pointed in the chart is near 1.098-1.1, which is 50% Fibo retracing. price is presently hovering around 1.090 level, once it breaks though, 1.095 and 1.1 would be on radar...