Cable Greenback heading to 1.3403 on fundamental backdrop in coming days or weeks. First position opened at 1.23 God's mercy and grace. Stay safe.
Bear are ruling the market on this major pair and knowing the fact how well aussie and kiwi buddy of loonie in AUDUSD | NZDUSD performing lately against buck I reckon this two buddies are together counter striking buck viciously. No positive sign for DXY yet and seems total stagnate talking about the price action for that index and the fact how ...
Short video on how we see the movement. Wait for the GBPUSD to break the support level and a confirmation. Potential 450 base points downside movement. However, be very careful with the BREXIT event.
We can see the former inverted head and shoulder breakout target I had charted on bnb awhile back is getting closer and closer to its breakout target...it had a retracement before reaching that target however which just so happened to retrace at just the right time to create a perfect cup and has now broken up from a small handle retrace at just the right...
Upside momentum continues to push the Aussie even higher against the US Dollar. By the early hours of Thursday’s trading session, the AUD/USD pair tested the upper a boundary of a dominant channel. After reaching the 50.00% Fibonacci retracement level, the currency pair made a U-turn to re-test the weekly R1 at 0.7927. This retracement can be measured by...
The USD/CAD pair made some miraculous movement upside after the US data release on Wednesday. However, the surge was unable to hold due to the weakness of the US Dollar. After hitting the 50.00% Fibonacci retracement level, the exchange rate has been gradually moving upwards, although this movement might be strengthened by the monthly PP at 1.2496. This...
USD/THB 4H Chart: Breakout form triangle The American Dollar was trading against the Thai Baht in a two-week long symmetrical triangle. In result of the previous trading session the currency rate made a breakout to the bottom. The bearish movement is not evident yet. Nevertheless, the slipping 55- and 100-period SMAs together with the weekly PP suggest that...
In this idea i put the trendlines of AUD/USD .You can clearly see how chart follow those trends...
I have had a few posts in the recent past, looking for the long side of USDCAD to formulate out of this triangle. As I mentioned in my last post, the larger time frame and pattern will eventually rule over the shorter one. Luckily, I haven't lost too much on the long side of this pair. I'm going to look into this set up: Pattern: 20 wk triangle Trade:...