There is a possibility of temporary retracement to the suggested support line (1.5510).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
. EURAUD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
We can see a break of descending structure, bears take over the market. Price finds support and is consolidating in this range. Where will see price go heading into next week?
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Price attempted a breakout higher in this pair last week that turned into a fakeout with a daily bearish 2 bar reversal.
Price was looking to breakout higher and through what has been a tight ranging period.
Now price has moved back lower into the range, more sideways price action could play out.
In the short-term the intraday price flip level we discussed last...
The 124.750 highlighted region is looking to give way relatively soon. On Friday we saw a breakout of the counter trendline followed by a retest which managed to hold back above, currently the top highlighted region is providing some strong resistance however, once we do see a strong push to the upside the probability of pushing higher into the target region of...
Graph shows the Major support/resistance for Eth. The currency is currently range bound, however approaching a wedge on it's current trend. Breakthrough direction of the current wedge will indicate which side of the Range will be tested. I do not see the range being broken until volume breaks through the Vol 30. A breakthrough will see significant movement over...
GBPUSD ranging between well tested support and resistance levels at 1.215 and 1.26.
Based on existing uncertainty surrounding Brexit, and fears of 'Trump Rally' reversal I hesitate to predict the trend going forward, but as 'Brexit' appears to be at least partially priced in, I'm more comfortable buying below support, with a tight SL, and TP at 1.26. This...
AUDUSD is currently trading in a defined range that has been in play of a while. Price is approaching the the support line of the ranging market as well as the 50 day and 200 day moving average . Stochastic RSI is also in oversold territory. Wait for price to move lower towards the 50 day and 200 day moving average and buy on the bounce. Profit target should be...
EURGBP is currently range bound. i am Awaiting a break out either side of range on the 2 hour to initiate either buy or sell trade.
Downside targets would be a test of lower trend line around 0.826-0.82500 area
Upside targets at 0.85000
Strong uptrend so im following it. slight downtrend and choppyness has started because of heavy selling. price should come back up to normal. I could be wrong and price could touch the blue rectangle of support at 1.72619 level, if price does touch that rectangle a reverse is definitely going to happen. EITHER WAY I AM BULLISH
Pair is in a bullish sidewards range bound channel. A daily pin bar rejecting the 8 and 21 EMA's has formed. This can be seen on the 4h chart as a bullish engulfing signal. Look to go long on a break of the doji (pin bar) or better still, wait to see if price retraces further towards to 8EMA before entering long as this will give a better R/R.