Hi Trades, SUNPHARMA Breaks the daily lower trend line support and then this pairs formed correction in 4hr time frame and also breaks the correction with a impulse, now we can enter short in pullback and place stop loss above the high and take profit as next support level...GOOD LUCK... Entry Details: Pair: SUNPHARMA Order: SELL Entry : 634.32 Take Profit :...
I think we will see a rise to 1.20 medium term in EURUSD. Draghi seems rather unconvinced on quantitative easing. In early December his statement was extremely soft as to the extent that the ECB would be adding stimulus. The time horizon was extended to 2017 but I believe this is more to do with not wishing to provide many market shocks in a year of uncertainty....
EURGBP has broken out of the triangle and has found resistance after the retest at 0.7239. One consideration here is that price may still look to reach the point of control at 0.73042, however the chart seems bearish and with added fundamental issues (ECB most probably extending its asset purchase programme to the end of 2016 and the BoE most probably hiking rates...
Hi guys. We have been absent for a few weeks but are now back. Taking a quick look at Gold post ADP. Clearly we can see that the dollar has regained some strength after the outflows into Yen and Euro during the Greek crisis (June/July/early August). It should be noted that there have been murmurings of further QE to be undertaken by the ECB. At this stage they...
Higher lows and lower highs are being made on EURUSD 1H. Possible breakout. UPDATE: nice breakout. As of this update, price is resting at approx. +35 pips. UPDATE 2: We have come back to retest the trendline. Form your own opinions. This is not to be interpreted as investment advice. Trading leveraged products carries a potentially high level of risk. Losses...
EURCAD is potentially forming an interesting descending triangle. A break of the structure to the upside could see a continuation of the trend. UPDATE: the breakout has occurred. Many believe EURCAD has bottomed. Something to think about, possibly. As of this update, price is resting at approx +80 pips. UPDATE 2: Price came back to test the trendline and the...