On GBPNZD we have seen a retracement to the 61.8 fib in this overall bearish trend. We can also see that the we are retesting the August open which sits nicely with our 61.8 fib. If we see a strong close below the August open we will most certainly be looking to open a short position down to our -27/61.8 fib extension levels that correlate nicely with previous swing lows.
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful . If you did like this free educational chart please...
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on GBPNZD, if you any questions on the pair let me know in the comment section below. I will be looking to take a trade on the pair if our trading rules are met over the next few days. I would suggest keeping this pair in your watchlist to see if your own rules are met. If you...
GBPJPY looks to be retracing to our 61.8 Fibonacci there about. potentially filling the wick to the left to then push upwards to our next target area (a swing high). If it continues to push down through our fib levels, we may see it retest the previous swing low at 100 making a full retracement. Of course if it pushes through this low we are seeing a break in...
GBPUSD has broken through our yearly open price and pushed up to 2019 yearly high. It looks to be turning over short, potentially to retest resistance turn support and continue moving up. However, we must remain patient as price can just as easily break back through to the downside and continue pushing down after testing 2019 high.
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on GBPAUD, if you any questions on the pair let me know in the comment section below. I will be looking to take a trade on the pair if our trading rules are met over the next few days. I would suggest keeping this pair in your watchlist to see if your own rules are met. If you...
The DXY is looking to push down. We have taken out previous lows to perhaps see a retest before pushing down to 91.00.
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below. I will be looking to take a trade on the pair if our trading rules are met over the next few days. I would suggest keeping this pair in your watchlist to see if your own rules are met. If...
GBPJPY will be looking good for a long position if we see a strong close above the wick it is currently filling. We have seen a nice break and retest of the previous high that sits just above the zone. Targeting the next swing high/zone above (144.500) .
Xrp looks have broken the range that had been forming through August, potentially looking to come back and retest the zone before shorting further. It may just be pushing down to remove orders from the market as it has not yet retested the previous swing high.
My update on GBPJPY, as the pair has been ranging for the past day or two it has been slowly creeping upwards and has taken out the "tweezer top" that formed on the 13th of August. As this has been happening my daily bias has been edging towards a long position, if we see a clean close in the four-hour chart above said: "tweezer top" that will be my confirmation...
USDJPY has broken out of the wedge formation with a clear re-test in the one hour chart, before moving long. It now looks to be turning back over to come and re-test the level again. This level just so happens to sit near our 50 fib on 106 flat (key level).
On GBPJPY we seem to have been forming an expanding wedge for the last several days. It is now at a crucial stage as to whether it turns over and shorts back down to support or breaks and heads up to previous highs.
In CHFJPY we have seen a break and potential retest of the trendline marked out. It then looks to have formed a "double bottom" and pushed back up to the "neckline". Will price break or reverse? I will be looking for a clean reversal from this level and them looking to short. However, if we see a clean break and retest i will be looking to enter a long position.
AUDUSD has been longing since it formed the "double bottom" on the 21st of August. It is now approaching what most would refer to as the "neckline". If we see a break of this "neckline", I would be expecting price to head up to previous highs.
On GBPUSD price has broken this ranging structure to the upside. After doing so it has retested the swing high created without taking it out and price seems to have pushed back down heading towards the bottom of the structure.
In EURUSD we have seen price push down through our previous days low as annotated in the chart with a clean break and retest also identified. Our London open has pushed creating a swing high for the pair to potentially short further through the New-York session.
As we seem to have recovered from the COVID-19 pandemic, the price of this pair has been continuously rising since March; coincidently when British lockdown was introduced. It now happens to be approaching our 2020 yearly open with the anticipation to break and create a new annual swing high as the DXY shows serious weakness.