EURUSD: A short term trading idea for EURUSD is to open SELL position at current levels for 1.1550 as target. We will use the red candle of the 15 min Heikin Ashi chart that you can see attached below for entry. Stops above the high... Below the 15min Heikin Ashi chart
EURJPY is testing critical resistance at the 136.70-00 area with extreme overbought reading at the hourly RSI. Although this extreme readings show that there is enough momentum to continue higher, we believe that from current levels or slightly higher price should return at the 130.40-50 area for a pulback. We are going to SELL at current levels with stops above...
GBPUSD: The false break of the resistance at 1.3655 and the reversal hourly candle alongside with overbought RSI readings make a retracement towards 1.3610-15 a probable scenario. We will set our stops above the highs targeting 1.3620 and 1.3600.
USDCAD. The pair is approaching critical support area at 1.2420-30. There lies the trendline of the channel that contains the move, previous lows and S1 support from hourly pivots. We will set BUY orders at these levels. We will set our stops below 1.2385 targeting 1.2460 and 1.2485.
EURUSD: The 1.1585 area holds the 89EMA, the trendline that contains the downtrend and R1 pivot. We believe that sellers should emerge if this area is met, so we wait with Sell orders at these levels with stops above 1.1627. Initial target 1.1565 and 1.1530 next
USDCAD: We buy the breakout of the sideways formation for 1.2695-00 target. We set our stops below 1.2585
AUDUSD is breaking out from major support area at 0.7250. If the hourly close is below 0.7235 we will open sell orders with stops above 0.7265 and initial target at 0.1790-00.
GBPUSD. The upward reaction for the pound seems to be over. A small bounce from the support of 1.3575-80 is possible but it will be limited at the 1.3620-30 area. We will treat any upward reaction from 1.3580 area as a sell opportunity especially if the 1.3620-30 area is reached. We will open new sell positions with a clear break with hourly close, below 1.3670....
GBPUSD: The pound is set to go higher according to our analysis. Initial target at 1.3640-45. The support at 1.3570-80 should be able to hold any retracement if our scenario is correct. So, stops should be set somewhere below there...
GBPUSD: The PP0, EMA 89, Fibos and previous tops, mark an intraday support for the pound. The next important resistance area stands at 1.3600-10. We will try long positions the 1.3620-40 area, setting the stops below 1.3570,targeting 1.3590-00.
GOLD: The breakout of the wedge formation that we can see in the chart has open targets higher at 1780 area. We buy at current levels. setting the stops below 1745. Target 1780-85.
AUDUSD. The pair continued lower to our initial target at 0.7175 Now, a pullback at the broken base and at the top of the channel that contains the new downtrend provide fresh sell opportunity. We set our stops above 0.7240 and our targets at 0.7170 and 0.7130 which is the projected target of the broken formation
EURUSD is testing the channel as seen in the chart and the important Sept-Nov lows of 2020. The move is likely to continue even lower as the momentum is strong enough. RSI is at extreme oversold levels making a new low as the most probable scenario. We think that the 1.1600-10 area will hold the move for today. Although it is a risky trade we will at buy the...
AUDUSD broke out of its base at 0.7220-30 giving a sell signal. Of course there is always a chance of a false break, but we follow the breakout with sell positions with stop at 0.7250. The main target of the breakout is the 0.7130 area and our initial target is at 0.7175.
NZDUSD: RSI divergence, test of the downward channel and reversal candle, make a short tern pullback at least until the broken base of 0.6985-95. We try buy orders at current levels, setting the stop below the lows, targeting 0.6985-90.
GBPUSD. The pound has a history of respecting the channels and the 1.3520-30 area is where it tests it for today. The channel has already been tested, so we are buyers at these levels (1.3535-40) with stops below 1.3495 and initial target at 1.3580.
GBPUSD: The pound doesn't seem to go anywhere and it may continue its short term sideways movement. We are buyers at the 1.3655-65 area for a short term bounce at 1.3700-05. We will set tight stops below 1.3645.
EURUSD: Buying the reversal candle in the hourly chart. Stop 5 pips below the low of the candle. Target 1.1710