The pair recently broken an intermediate trendline. After a pullback, the impulse is expected to continue possibly above 80
With the pair breaking swing highs, what is left on the daily chart is profit taking to commence the next stage of the wave pattern
Fiber impressive bullish run could be curtailed with the H4 trendline. It seems lot of bears are in waiting to eat-up the ragging bulls. If the bulls are more ferocious, then, the impact of the bears might be minimal...
When a pair made a Lower-high along with breaking a Swing Low creating a lower-low, then a selling signal is beckoning... lol!
GBPUSD last week created a new swing high on H4 before the little pullback before the close of New York. This week, I see more uptrend in the cable after a pullback to a support level. If the pair moves down to touch the bullish order candlestick, that will definitely be a BUY PLAN YOUR TRADES AND TRADE YOUR PLANS
With newly introduced stock into the Nigerian Stock Exchange, MTN is now looking for a support zone to hold its pullback price. A price below 132 will apparently not be a bad idea for the moment...
FBNH has been operating within the confine of a channel since 2018, now the stock price is attempting another touch of the lower channel. Will the lower channel reject the price at this level or the elephant will be too strong for the lower channel to carry its weight? Coincidentally, lower channel is also at a support zone between 3.77 & 3.57. Price rejection at...
EUR is weakening while CAD is strengthening. Combining the 2 currencies, if EURCAD is for a short trade, will that be appealing or appalling to you? PLAN YOU TRADES AND TRADE YOUR PLANS
Canadian Dollars recent rally has been impressive, despite the pullback, the currency could likely continue its uptrend next week - thanks to last Friday's impressive Employment Change report. A decent pullback of CADJPY pair to 80.498 & 80.050 is what is needed for the bull rally to continue the uptrend to next resistance level...
AUDUSD pairs poised to continue its "bullishness" next week with a target for reversal on the weekly trendline. However, if trendline is violated, then PT is a given...
Looking at gold daily chart, it's obvious the price is weakening but it is not yet time to start selling the precious metal. To short gold, price needs to violate swing low at 1480.34 (dotted arrows) a pullback will be a good time to short the market. As it stands, if the price is rejected between 1480.34 and 1493.18 (solid arrows), gold is still a buy. A break...
Dollar index has been making higher-highs but the last 2 days have witnessed bears dominating the index. Today's candlestick is yet to close, but it's probably likely to close with indecision -just on an intermediate support level. As every traders await Nonfarm Payroll report tomorrow, the question on my mind is - will the NFP drive dollar index down to re-test...
A reversal of GBPUSD could occur if the support can reject the pair 1.20541 and 1.21166.
ETI stock price attempt to continue downtrend after breaking the stock's all time low was finally rejected with the market full of panic sellers and hopeful buyers. Going forward, with I expect price to dip a little bit down in the coming weeks or months towards a critical zone between 6.20 and 7.00. It could possible start to rally immediately, but - that will...
EURUSD this week crashed below 1.1000 which is the lowest in 2 years, this has opened up the next major support to be tested. A rejected pullback in the coming week(s) could see fiber kissing its lower levels... PLAN YOUR TRADES AND TRADE YOUR PLAN
While NZD has been on a decline for couple of weeks, GBP on the other hand is strengthening. However, in the last couple of days, the GBP has been struggling to the momentum - creating lower-high. From H4, a break below 1.91958 could possibly indicate the pair will test the rising trendline or the next support at 1.90264. PLAN YOUR TRADES AND TRADE YOUR PLANS
EURGBP pair has just made another lower-low on H4 thereby inviting more BEARS (lol!). A retracement to 0.90473 and 0.90621 could be a good sell entry for a nice profit. Better sell entry will be established on lower time frame possibly in the London session tomorrow. PLAN YOUR TRADES AND TRADE YOUR PLANS
AUDCAD pair is weakening for the last couple of weeks and a recent pullback from previous low at 0.8889 is now ready to fall again. This time probably re-testing 0.8889. Partial profit is set at 0.89379 while a stop loss is at 0.90577. Risk/Reward for this short trade is 1:1.3 PLAN YOUR TRADES AND TRADE YOUR PLANS