I'm eyeing up GA for a long as it is currently in a Demand Zone. I'll only look to go long if I see a break of the 4HR Ascending CTL (Counter-Trend Line)
Targets could be around 1.86800, but I'll look to secure some profits as we head towards the target...if this trade does play out.
I have placed my bias for silver to dropped to the profit level marked with the blue horizontal trend line. I have taken several factors into consideration on this trade such using a higher timeframe and more. RSI indicator is also shows us an extreme overbought on the 4 hour. I think this pair is pulling back a little to possible trend higher than the previous...
After hitting a major daily/ weekly resistance, it seems as if bulls are losing steam from lower highs however this current support area is staying firm.
Expecting this support to give in soon though, with validation from a potential MA cross between the 50 & 200 day MA's. if so, this should bring price bearish until we reach 50% fib of this overall impulse to...
Expecting some sort of consolidation within this tight range in regards to fundamentals between both AUD & EUR as these can be mixed results with both forecasting negative yet positive for different aspects.
Expecting price to reach towards 1.604 before we see anymore buy sensitivity as aggressive as we have experienced during the recent uptrend before it broke....
During the London session this morning we are seeing consistent strength in the Swiss Frank with all pairs increasing in value. Meanwhile the opposite is true for the Japanese Yen - all pairs are down making the Yen weak.
The result of strong vs weak is a trend. Our pick today is the CHF/JPY pair for a long position.
Out of the exhaustive list of price-influencing factors, one which seems to have credible correlation is the grain index & strength of PLN vs EUR. Based on recent increases in demand for grain one would lean towards shorting EUR.
Please note, the majority of the analysis charts I produce are experimental and should be viewed with scepticism & caution.
Good morning traders, the London session is well under way now and we have an excellent opportunity to go long on the EUR/GPB as we see the pair breakout to the upside.
In the background we see all GBP pairs falling and all EUR pairs rising in price - here's a breakdown of each pair since the start of the London session.
I will be looking for a Daily Reversal pattern to form before going long. This market is still incredibly bearish don't mistake a pull back for a reversal pattern. Unless we can get a break and retest on 1.2500 (Previous Weekly Low) instead of going long I'll be looking to go short.
1.258 Double Bottom
1.259 78.6 fib retracement
Falling wedge trade with tp: 1.71499. I see a longer term trend on the hour chart which suggests the opportunity for the pair to fall even more, I will post this is the signals group.
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Hello traders... The New Zeland Dollar continues to see heavy selling across all currency pairs as we continue through to the New York session. Fresh strength is now coming in on the Swiss Franc giving us a new opportunity to short with the NZD/CHF pair. Here's a breakdown of each pairs price movements since the start of the London open this morning:
Good morning traders. The London session is well underway this morning. Since the start of the session the USD is gaining points on all pairs whilst the opposite is true for the NZD. The combination of strength and weakness between the two currencies makes the Kiwi Dollar an excellent pair to short.
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.