Ill be watching this baby closely...
Dropped back below it's resistance level.
Came back to touch the 50 fib level literally perfectly...
Lets see what price action shows us - back up or down?
Stay safe and stay smart.
Trade like a C A S A A AI I I N N N O O O O O!!!!!
Hello Traders, welcome to the Daily Forex technical analysis. Today is August 16th, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. We are currently looking at the 4 hour time frame and looking to see if price action can reach its previous area of resistance at the .907 area. If price action reaches that region and doesn't...
GBPCHF is showing an interesting sign or perhaps a reversal on the 4 hour chart. I must admit to be careful though due to the market volatility and geopolitical tensions...Swiss Franc is a safety play.
We have had a prolonged downtrend with lower highs and lower lows. We then began to range, displaying 2/3 market movements.
We broke above a resistance/flip zone...
Gave an idea on the EURAUD previously, but that idea did not work. We had a failed breakout above a strong daily/weekly resistance zone.
I like what we have here on the 4 hour chart. It displays the fake out that occurred and we have probably taken out the bulls. Had a nice break below a support and a flip zone.
We have a lower high at the 1.6470 zone and as...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.15.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=127.75.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
BRENT CRUDE is likely to continue lower as the price continues to form lower lows and lower highs.
The daily timeframe is currently showing price retracing back towards the key resistance of 60.30.
If price forms bearish price action we can look for a swing trading opportunity from these lows.
Great time to short EUR/USD, We recommend to buy between 1.12200-1.12100 and sell around 1.11700.
Dollar Index is at level 97.4390 which makes USD little undervalued.
Please leave like or comment if you like my analysis!
Hello Traders, welcome to the Daily Forex technical analysis. Today is August 12th, 2019 and we will be taking a look at the British Pound against the Swiss Franc. Looking at the 1 hour time frame, price action is currently heading upwards towards the previous area of resistance at the 1.79 region. If price action can hold at this level and not flip bullish by...
Last week we spoke of the potential for EURUSD to bounce from the previous structure highs.
Now the price has done this we could expect the bullish breakout pattern to complete. A break
of the highs at 1.1250 will be needed in order to sustain mid-term long opportunities. The EURO has gained
on the strength scales and with the USD likely to weaken this chart looks...