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USD/CAD got rejected at the 1.2800 psychological level, which also happens to fall below the 200-day SMA on Jan 6, these technical levels kickstart the pair bearish phase. The price fell by almost 200point before hitting another Quasimodo support zone at 1.2630, which creates a ripple in the price and gives a chance for the buyers to push the up to 1.2700 that...

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Hey Traders, seem like the last idea I shared here was Euro running into a new bullish momentum, but as things are now, the EUR/USD is currently moving in a consolidating manner, which encourages swing traders to wait for any confirmation on either bearish or bullish trend. So, watch out!

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On the 4hr chart, the NZD/USD seems to have resumed its downtrend, the confirmation has been triggered when the price moved below the 0.8640 support level (psychology zone), due to the rapid dip that occurred based on the market sentiments ahead of today’s data releases. The previous correction was at the 23.6% fib reversal level, which looks good for the bears,...

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Hey Trader, a bullish trend seems to be forming up on the 4Hr chart of GBP/CHF! But the bullish trend would be validated if the trend continues above the 61.8% fib level. So, watch out for the next 4Hr candle.

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The EUR/USD has been on a the ascending triangle pattern since late November, though the symmetric triangle appears to be quite a flat one (i.e with a volume less than 200point), but a taking critical look at the price, it reveals the viability of the buyers effort. The bulls have been giving the bears a tight spot to thrive in slumping the Euro price, since the...

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The Swiss pair has shown a great declining phase signal after spending the best part of December ranging with a volume of over 103point for 18days on a roll. The USD/CHF price now falls below the technical tools used on the chart which are the 21,50, and 200-day SMA . If the price successfully break below the 0.9165 Quasimodo zone the next bearish mark would be...

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On a short-term 2H chart The price trends above the 200-day SMA and the price move all above the fibb reversal level. Moreover, on the 4H chart the pair currently uses the 50-day SMA as support level at 0.8725, which might instigate a strong bullish trend push from the buyers, and it reveals their active participation in the market, despite the holiday. So,...

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The pound has been on a steady bearish run since the 28th of October, forming the traditional bearish footwork (Lower highs and Lower lows), with the Lower high corrective momentum not moving above the 50% Fibonacci nominal reversal level. But, the last bearish corrective movement which occurs on the 12th, went ahead to be a draggy one, it lasted for a week...

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Aussie has been on a smoothly steady downtrend since 25th of October, and this has been followed with couple of Higher Highs and Higher Lows, but this past Friday impulsive movement towards the top-table in the market could be a possible starts of the ABC corrective wave, for Aussie. Following the momentum and the price level, the price has moved very close to...

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A Bullish flag on Yen could only means one thing on this safe-haven pair. i am looking to buy on the breakout above the upper trendline preferably at 114.50. WatchOut!

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The Euro has been on a bearish Range, which gives an idea of how investors has been skeptical in their decision on euro. But the last week Thursday Spike from the 1.1590 overly tested support level, which was then furthered by a very slumpy correction of over 170point on Friday that later got pushed back at 1.1535, reveals that the sellers are very active in the...

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USD/CAD just started a potential run toward the upward side of the market after taking a break from the hefty fall in price since 30th of September, the price resumed a retracement from 1.2290 monthly low, and it has been keeping the momentum steady. Moreover, there is a possibility of the price rising to 38.2% fib level and by so doing, testing the previous...

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The AUD/CAD has been continuing its new bullish phase , following the moving averages indicators, the price is currently above the 200, 50 and 21-day MA (Blue, Black and Purple line). And this reveals a strong trend in the market. The 50-day SMA is about to cross over the 200-day SMA which means the price is Golden for the Buyers. The bull started with a very...

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The General Technical Overview of Kiwi is STRONGLY BEARISH On a Short-Term - On the 1H and 2H Chart This reveals that Kiwi is partly Bearish, with the price above the short-term Moving averages 21 and 50-day Moving averages (blue dot-line and black line), with a strong trend and momentum above these levels, this could result to much bigger corrective wave...

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The general technical overview of DXY is Bullish , Following the price action and checking through the Moving averages technical tool used on the chart, it reveals that the price just got corrected from the last week surge and using the Fibonacci levels to track-measure the corrective wave, the price bounced back at the 0.382% level and this shows that the...