pretty obvious channel also we might have a abc down trend up ahead .
Evening Traders, Today’s analysis – WABIBTC – trading between two key level, hinting a probable accumulation phase. Points to consider, - Price Action Rotation - Daily S/R Support - Monthly S/R Resistance - RSI Bullish Control Zone WABIBTC’s immediate price action is showing signs of rotation, thus accumulation is porbable before an expansion above the...
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY bounced up from the key level of 132. The eurozone and German ZEW economic sentiment data will be released later at 1700 (SGT). Eurozone ZEW Economic Sentiment (Forecast: 68.0, Previous: 66.3) German ZEW Economic Sentiment (Forecast: 72.0, Previous: 70.7) EUR/JPY’s next support zone is at 130.800 and...
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke the resistance zone of 153.000. Bank of England Governor Bailey will be speaking later at 2230 (SGT). During this time, there may be volatility in GBP. Currently, GBP/JPY is moving towards the key level of 154. Its next support zone is at 153.000 and the next resistance zone of 155.000. Look for...
Overall, USD/CAD is trending downwards. Currently, USD/CAD is testing the support zone of 1.21000 and the next resistance zone is at 1.22400. Look for selling opportunities of USD/CAD if it breaks the support zone of 1.21000.
Overall, GBP/USD is ranging across. Recently, GBP/USD broke the resistance zone of 1.40000. Bank of England Governor Bailey will be speaking later at 2230 (SGT). During this time, there may be volatility in GBP. GBP/USD’s next support zone is at 1.40000 and the next resistance zone is at 1.43500. Look for buying opportunities of GBP/USD.
Overall, EUR/USD is trending upwards. The eurozone and German ZEW economic sentiment data will be released later at 1700 (SGT). Eurozone ZEW Economic Sentiment (Forecast: 68.0, Previous: 66.3) German ZEW Economic Sentiment (Forecast: 72.0, Previous: 70.7) Currently, EUR/USD is testing the resistance zone of 1.21500 and the next support zone is at...
Overall, USD/JPY is ranging across. Recently, USD/JPY bounced off the support zone of 108.500. Currently, USD/JPY is moving towards the key level of 109. Its next support zone is at 108.500 and the next resistance zone is at 110.800. Look for buying opportunities of USD/JPY if it breaks above the key level of 109.
Overall, AUD/USD is trending upwards. Recently, AUD/USD broke the resistance zone of 0.78000. The Australian Retail Sales m/m data (Actual: 1.3%, Forecast: TBA, Previous: 1.4%) released yesterday indicated a slight fall in consumer spending in March. The Australia Treasury will be releasing their annual budget later at 1730 (SGT). AUD/USD’s next support zone is...
Overall, NZD/USD is trending upwards. Currently, NZD/USD is testing the resistance zone of 0.72850 and the next support zone is at 0.71000. Look for short-term selling opportunities of NZD/USD if it bounces off the resistance zone of 0.72850.
We will be monitoring price action during the move to the downside as the market still has bearish momentum and as soon as the market will shift from bearish to bullish and meet our trading conditions we will enter a long. This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own...
Hy dear Members how you all are enjoying our ideas and Analysis. Now we are here to discuss about GBPUSD. GBPUSD is at the peak this time and this is going to retest now. It has maximum Chances that it will touch the Price level 1.40 Soon keep in touch we will update further soon
FX:EURCAD Price has broken this descending trendline and the Canadian dollar looks like it could get some weakness, waiting to see some signs of hourly reversal patterns to get involved, otherwise right now, trading what we see, we are still bearish!
Evening Traders, Today’s analysis – NZDUSD – trading below a key Daily S/R where a rejection is probable, Points to consider, - Price Action Impulsive - Daily S/R Resistance - .618 Fibonacci Confluence - Local S/R Support - RSI Neutral NZDUSD’s immediate Price Action is trading below its Daily S/R that has technical confluence with the .618 Fibonacci,...
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside ASCENDING CHANNEL. One can go long after it breaks its TRENDLINE RESISTANCE. Let us know your views on this in the comment section. Thank you all. There is good news...
EURUSD SELL @1.21300 TP1 @1.21100 TP2 @1.20800 TP3 @1.20300 SL @1.22000 Note:- Use exact entry or below this level. Trade in sell Stop.
strong buy targets: 0.203 0.350