It looks to me like the Euro is starting to rally after a very tough period for the currency. Here we can see on the weekly chart that the pair hasn't been able to make any new lows for at least a month. The moving averages have also crossed over in a bullish manner and we have some candle conformation in the form of some big bull candles with small wicks. The...
Most USD pairs weakness against USD has be very stretched have been appearing to either reverse trend or at least make noticeable retracement
GBPUSD is not different. It is possible that the recent bottom formed in April could be significant one resulting in trend change or may be just an intermediate low. Also as it was severally oversold exasperated by...
In my previous GBPNZD chart I suggested a potential larger contracting triangle and associated long trade highlighted has developed really well the low. However the price action has now overshot the requirement for contracting triangle upper limits (see chart link below)
Therefore, the contracting triangle is no longer valid, nevertheless in the longer term the...
Today the pair created a large bearish pin rejecting a key level of resistance. There is some "air" below which allows price to correct after the recent bullish momentum. Looking to short at the break of the pin and target target the 1.01 area.
Multiple bottom at 1.9350. But at break of candle plus spread.
Long entry at 1.9505
Stop at 1.9350
Target 1.9700 or desired
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Watch for a retest of the area between 1.9050 and 1.9075 as new support. Alternatively, wait for a 4 hour close above 1.9178 before considering a long entry. Key resistance comes in at 1.9290 and 1.9460.
This pair is running on a very interesting time; NZD is stronger than ever, and the AUD is struggling to keep it's value.
On Friday, the candle closed a little bit below the historical support at 1.028.
Reasons to long this pair:
A historical support at 1.028 ( currently, the pair is running on it's lowest point ever!)
RSI and Stochastics on 4h both give a...
This pair has broken out and is now at the last swing high. Initial profits were taken here but the price action before reaching this level has indicated price will continue through the high to the next target.
On the lesser time frame charts it seems that most of the hourly pull back has already happened .
I see this as being a good opportunity to get short to collect at least 20 pips (shooting low)
I'm just trying to hit a single or double here not the best opportunity for the upcoming week...
but none the less a pretty safe trade to start your week off with.
GBP/USD finally broke out of the long period of consolidation which could lead price lower in today’s New York session. The Pound consolidated after it’s rise to 1.6275 resistance level which we have discussed last Thursday in the London Session Watch. The long term trend is still down as the short term moving averages (10 and 20 period) continue to stay below the...
![USDCAD: Nice Little Profit To Be Made On The Sunday Open On [USD-CAD]](https://s3.tradingview.com/f/FxMfqjh2_mid.png "Nice Little Profit To Be Made On The Sunday Open On [USD-CAD]")
