USDCHF is now trading at trendline and horizontal resistance after the midterm uptrend. The pair appears bullish around this area so we will wait to see a rejection of this level before looking for short entries.
CHFJPY has pulled back to the lower boundary of its recent 4 hr range as it continues to trade within this wedge pattern. The pair trades at horizontal support and bollinger band support and has displayed bullish price action around this area.
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...
Price has dropped down to a support level as shown by the horizontal trend line. this support level is based off a higher time frame from what is on the chart. I have also taking my RSI indicator reading into consideration which all let to this BUY for me.
EU has been in downtrend for the past 12 months and has created a falling wedge on the weekly indicating that bulls are getting stronger. Bulls have found some support at 1.1110 which was last tested in May 2017. staying on the weekly there is a 60 pip demand zone between 1.1110-1.1170 which we have dipped into 4 times since April 22nd, each time bull have...
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