FXAN

FXAN

USD/CAD has developed a nice bearish momentum after breaking the 4h timeframe trendline (around 1.30000). We are also in a descending channel on daily timeframe so the overall bias on the Loonie is bearish. The price has made a huge drop all the way to the 1.2920 area where it has found support. With the move to the downside yestersterday we have also broken the...

FXAN Updated 

We are closing in to the supporting trendline of longer term bullish channel. We expect a bounce off that level and shift in momentum, we may get a relief from shorter term bearish run, or maybe even a bit longer term swing to the high. We are currently in the BUY ZONE so our trading is active!

FXAN Updated 

After a big decline for the sterling price made a nice bullish retracement to the upside giving us potential short trades, but couldn't follow thorugh, looks like the bullish momentum will prevail the fall. Our buy zone is set in the 1.3135-1.3170 area for the profit targets up to 1.3260!

FXAN Updated 

GBP/USD seems to be running out of steam for continous pushes to the upside. We are taking aggresive short trade to the downside with high risk reward ratio. Our sell zone is the 1.3130-1.3150 area where we should consider selling the pair. Price is currently in our zone so trading is already active! Happy Hunting Wolves!

FXAN Updated 

After a beautiful buy on the neckline break last week EUR/USD has developed downside momentum, it has broken the supporting bullish trendline and doesn't look like it will slow down. We consider 1.1580-1.1587 area as a sell zone for the continuation downside. Area confluences with bearish trendline and 61.8% retracement from the previous push down. We should be in...

FXAN Updated 

Here is our roadmap for starting another trading week strong. So, after hitting our first profit target on the buy last Thursday, GBP/USD has failed to develop stronger bullish momentum and finished the week in no man's land. We have set the consolidation box for the pair with bottom around 1.28000 and the top around 1.28800 price level where the price should...

FXAN Updated 

We have a potential neckline break in the head and shoulders pattern on EUR/USD. Neckline is set at 1.1625 area and a potential break could result in skyrocketing the price, we have a Bullish trendline set for stop-loss so it's a high reward low risk type of trade. Agressive traders can enter the market at current price level but if you want to be more...

FXAN Updated 

GBP/USD has been taken over by the bulls after days and days of falling. We are now in momentum with potential to reach 1.3000 resistance. Today Sterling has been falling from the first hour and we belive it's pullback before continuing to the upside, buying off the Fibonaci retracement line 38.2% which is 1.2860 area. We have to be careful about brexit news and...

FXAN Updated 

Well well, thats quite a jump in one hour don't you think? USD data came out today without any huge surprises, and now we are seeing cable jumping up. Is this the start of the bullish momentum? I still belive to see 1.2670 price before it but on the other hand It could be bulls takeover, but it's not happening without the pullback, and that's where we come to...

FXAN Updated 

We are at the 1.28000 after days and days of falling, I belive this is the point where sterling will show us some bullish momentum, at least a pullback from the big fall, or maybe even a reversal to the upside. It's a cheeky trade, we are going against current momentum so it might get a little rocky but we should get to our profit targets. Happy Trading!

FXAN Updated 

Watching the GBP/USD chart has to make you feel like looking at the Titanic at it's final hours becouse the price has been sinking since the last week, and we were waiting for it to find the support. Well it did find it, only short term probably, right now its at 1.2919 which we used as our swing low point for the Fibonacci tool. There is a lot of uncertainty with...

FXAN Updated 

Bullish momentum has gained some strength over the past few days but overall sentiment still remains bearish so we are looking to enter short trades around the 1.3157-1.3170. We have to remain patient and see the price reach that level, follow the price action and than enter for big GAINS! If this level is reached today with the right price action we will be...

FXAN Updated 

GBP/USD Has established a bit of upside momentum and we are now ready to put in some trades. We are going long and are ready to buy the pound inside 1.31700-1.31820 area. This trade has a good conviction rate and even better risk reward ratio, like we always try. Drumroll please.... 5:1 Ratio for the risk/reward. Unless we get some negative fundamental update from...

FXAN Updated 

Will it happen on monday already? Pretty sure we can get our first entry yes, maybe more agressive one but still. My conviction for sterling is bearish and I see this fridays bullish run short lived and more of a profit taking retracement than real momentum shift. So we are staying on the watch for potential shorts as soon as we get the right confirmation from...

FXAN Updated 

With our previous ninja entry we managed to secure 55+ pips of profit on the bullish retracement of GBP/USD, Also we predicted more downside (see related ideas) which came just after hitting our profit target from the upside trade. Sterling is looking to make it's second retracement and we are only ready to sell it at the right price, and that is around the 1.3050...

FXAN Updated 

Set your Buy Limits guys! I know, I know, It's hard to go long on GBP/USD with all this Brexit drama going on and however the momentum is still bearish and we could see a lot more downside, but before that I belive we will go a bit higher that is why I am sharing with you this Idea for a trade with more than 6:1 risk/reward ratio. Small risk for big potential...

FXAN Updated 

Pound has been moving strong but without any real long-term direction. We are approaching another key lever which is around 1.3175, it is also a 61.8 fib retracement level from previous bull run and the one before, seems like everything is lining up for a bullish run through the resistance we have touched yesterday. But also if we go below this level, we could see...

FXAN Updated 

For the last day GBP/USD has been ranging between 1.3300 and 1.3225. It has just now broke the short term support at 1.3225 and is hovering at our key level 1.3200, what happens now will give us indication where to go next. We belive that bearish momentum will prevail but with possible bounces off the 1.3200, that is why is important to stay patient and wait for...