nzdusd is standing on a 6 years low on a weekly.
recent false breakout of a previous structure low on a daily leaves us clues
that bearish pressure is exhausted.
currently, the market is started to contract within a symmetrical triangle formation
- a clear indication of high indecision.
though according to a...
after a very good long trade that we have taken this week, it is time to adjust our trading plan.
Next week I will be paying close attention to a rising wedge pattern that can be easily identified on 1h and 4h charts.
On Friday the market has closed approaching a support line of the wedge .
Most likely buyers...
usdjpy has recently broken below a key support level on 4H,
quite quickly though the market has returned within the boundaries of a wide trading range 107.4 - 108.4
simultaneously braking the falling parallel channel .
now the lower boundary of the range will be again significant support for the buyers,
GBPJPY have come out of the Downtrend Zone .
Volume are gaining the momentum.
SAR become Positive
Price started holding HH after the reversal from LL.
As per the LongBuyLongSellIndicator in the many of the timeframe the price is in postive longside.
Also the trend in up side ,Soon we will get the 138.100 price range as per the chart.
Do your own analysis... if...
With the London open well underway, the Canadian Dollar is losing points across all pairs. This gives us a low risk opportunity to score some early pips for a quick profits if we play the CAD weakness against one of our stronger currencies.
Playing GBP weakness against the strength of the Japanese Yen for a quick turn around. 60 pip stop loss with 120 pip take profit.
This morning in the London session we have seen the British Pound continue its downtrend across all pairs:
The strength in the...
A Perfect LongbuyLongSellIndicator Short has been occurred in GBPJPY Why?
Candle Become Blue to Black.
Volume is showing downtrend.
Strengthmeter 1 23 P D all formed in a same line which is good signal for short.
Keep the drawn line as SL and add the short position. In the coming days Big fall is waiting.
As per the LongBuyLongSellIndicator the strengthmeters for short is so srtrong so the price will move down till reaching the red line.
Once it touches this line ,the price move up will start again.
This is a good scalping oppurtunity .
Hi guys, as over previous setup worked very well on eurusd as over other posts,what we see here next is that the pair may head a little more down from now so be ready to see some more downward moves in upcoming time.
Location : Eurusd H4 chart
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"Trade At your Own Risk"
If you you want to learn how we do it just Dm Us Here Or Any Other of Over...
Back in October 2018 I shared a chart for SPX mentioning that it would crash, the signals were pretty straight forward and I was surprised to see how easy it is to predict movements of these conventional assets.
The crash followed as predicted. You can see it here:
Now, I am...
The New Zealand dollar is following a similar path to the GBP/JPY, with the currency now starting to rise strongly on the daily currency strength indicator ( the grey line) and now crossing the Japanese yen ( the magenta line).
Friday’s price action has helped to propel the NZD/JPY pair towards the key 75.00 level, and closing the week at 74.91 and with a strong...
The British pound closed with another solid week of gains across the GBP complex with the GBP/JPY continuing to develop bullish sentiment as the Brexit hiatus continues.
Last week’s price action was supported with gently rising volume and the trend monitor has now transitioned from bearish to bullish sentiment and bright blue, with the yellow trend line also...
EMA SMA crossed smoothly...expect some pull backs but won't reverse the market until S1 S2. Trailing stop at 20-25pips will be a good idea.
Wait for current candle to break through and close on H4
The Dow Jones Industrial Average’ (DJI) is preparing for a huge drop, according to the chart above, let's take a quick look.
On the chart:
- We can see that a new high was created on the 3rd October, which was quickly followed by a strong drop. Even though the Dow Jones created a new high, the MACD and RSI are going down, this is bearish divergence and a very...
You can be sure that Gold (XAUUSD’) found support back in August and is ready to make a strong move up. Let's take a look at the chart and see why I believe this to be true. Please allow me to entertain you for a few minutes...
So, let's get started.
Gold (XAUUSD’) Analysis by Alan Masters
We start by looking at the main chart above, which is set to the...