#EURCAD Buy The price came to a strong support zone (channel line + 2012 line). From here, I expect growth to resistance. The target is 1.549.
Let's keep this simple. :) Rule 1: Look left. Sell entries at backside of broken up trend line and at resistance (past support). Sell down to support leel @ 1.2050 or 1.1900. Good luck and let me know if I can help in any ways! Charles V CVFX Management Trading made Simple Jan 2021: 14%
Right now for the EURCHF pair, I think that the resistance trendline have been broken and it is starting to garnish some support levels. I think it is due for an even higher wedge compared to the recent positive retracement. It still has a bit to go, but right now I feel the entry is decent. That being said, everything I say is on an opinion based basis. Please...
GBPCHF is Bullish - We look to Buy at 1.1780 ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ Trading within a Bullish Channel formation. ▪️ We have a 78.6% Fibonacci pullback level of 1.1776 from 1.1732 to 1.1937. ▪️ Bespoke support is located at 1.1780. ▪️ Further upside is expected although we prefer to set longs at our...
EURNZD is Bullish - We look to Buy at 1.7420 ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Bespoke support is located at 1.7420. ▪️ A bullish reverse Head and Shoulders is forming. ▪️ We have a 61.8% Fibonacci pullback level of 1.7361 from 1.7653 to 1.7190. ▪️ Further upside is expected although we prefer to set longs at...
EURAUD is Bearish - We look to Sell at 1.6500 ▪️ Short term bias is mildly bearish. ▪️ Bespoke resistance is located at 1.6500. ▪️ We have a 61.8% Fibonacci pullback level of 1.6489 from 1.6771 to 1.6032. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6500, resulting in improved risk/reward. ▪️ Expect...
After the EURCHF analysis, it was the turn of the USDCHF. In the last 3 months the price was in consolidation. As we had lower peaks and higher bottoms - a triangle formation. We now have a breakthrough and we expect the price to continue in the direction of this breakthrough. Yesterday we also saw a correction of the last decline, so we can expect the movement...
EURAUD is Bearish - We look to Sell at 1.6673 ▪️ Short term bias is mildly bearish. ▪️ Bespoke resistance is located at 1.6673. ▪️ We have a 78.6% Fibonacci pullback level of 1.6700 from 1.6763 to 1.6469. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6673, resulting in improved risk/reward. ▪️ Expect...
USDCHF is Bearish - We look to Sell at 0.9700 ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ Price action looks to be forming a top. ▪️ Trading within a Bearish Channel formation. ▪️ Bespoke resistance is located at 0.9701. ▪️ Further downside is expected although we prefer to sell into rallies close to the 0.9700 level. ▪️...
NZDJPY is Bearish - We look to Sell at 66.08 ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ Price action continued to range between key support & resistance (66.16 - 63.46) and we expect this to continue. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 66.08, resulting in...
EURNZD is Bullish - We look to Buy at 1.7865 ▪️ Continued downward momentum from 1.8263 resulted in the pair posting net daily losses yesterday. ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ We have a 61.8% Fibonacci pullback level of 1.7854 from 1.7601 to 1.8263. ▪️ Further upside is expected although we prefer to set...
NZDJPY is Bearish - We look to Sell at 65.40 ▪️ Trading within a Bearish Channel formation. ▪️ We have a 78.6% Fibonacci pullback level of 65.29 from 65.79 to 63.46. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 65.40,...
GBPJPY is Bearish - We look to Sell at 130.55 ▪️ We have a 61.8% Fibonacci pullback level of 130.60 from 131.41 to 129.30. ▪️ The medium term bias remains bearish. ▪️ Bespoke resistance is located at 130.55. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 130.55, resulting in improved risk/reward. ▪️ Expect...
EURCHF is Bearish - We look to Sell at 1.0522 ▪️ Price continues to trade within the triangle formation. ▪️ The continuation pattern should target levels between 1.0485 & 1.0500. ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ Further downside is expected, however, due to the strong support below we prefer to sell a break of...
AUDJPY is Bearish - We look to Sell at 69.80 ▪️ Bespoke resistance is located at 69.80. ▪️ The medium term bias remains bearish. ▪️ Negative overnight flows lead to an expectation of a weak open this morning. ▪️ Although the anticipated move lower is corrective, it does offer ample risk/reward today. ▪️ Expect trading to remain mixed and volatile. Stop: ...
GBPJPY is Bearish - We look to Sell at 133.80 ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ We have a 61.8% Fibonacci pullback level of 133.62 from 135.45 to 130.66. ▪️ Bespoke resistance is located at 133.80. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 133.80,...
NZDJPY is Bullish - We look to Buy at 64.85 ▪️ Short term momentum is bullish. ▪️ Bespoke support is located at 64.82. ▪️ The trend of higher lows is located at 64.82. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 64.85, resulting in...
We expect end of the down movement and reversal of EUR/USD trend. Good moment will be NFP a couple of hours later. We looking for candle pattern confirmation for possible buy entry. It's very likely to see lower price for a while, as we shown on a picture above