A pattern has been developing on AUDNZD in the past few sessions. Will this pattern continue or will it break? Sharp selloff has been happening in AUDNZD which extends to 4 to 5 consecutive sessions. Our probability meter says that this pattern will likely break and we are BUY bias on this pair. This sell-off has triggered since Mid June 2021. We will BUY this...
Aussie has picked up nicely from the lows of 0.7328 and clocked almost 100 pips then. This pair is a strict trend following pair and we would like to ride the trend as long as the pair is above 0.7400. We will close the trade around 0.7350 area if it dips. But right now we are buying into the trend to cross 0.7550. Currently trading at 0.7417
With the resistance in place for GBPUSD, 1.3975 is an interesting level which will be tested by bulls to break and try to takeover the elusive 1.4000 psychological level. However, the bears can have the upper hand and drive the price back to 1.38 area. With the price now around 1.3925, our bias is to stay short GBPUSD and catch 75 to 100 pips.
Taking the previous weekly candle as the benchmark and keeping in mind the JPY strength against the USD, we prefer shorting CHFJPY at 120.40/50 levels with 50 to 75 pips TP target.
USDJPY hasnt convincingly stayd above 110.00 and it shows alot of weakness whenever it approaches area above 110 handle. So sell this pair for around 110 or below for target to 108.50 to 108 handle.
EURUSD is at a critical juncture to make a upward move burst again. If the pair crosses 1.1845 on the upside, a solid uptrend resume with traders buying on dips If the pair trades below 1.1740 consistently then a bear trend is looming on this pair. We will go with BUY bias on this one.
The daily charts show a trend from 121.70 to 134.20 from Oct 2020 likely to continue after this initial sell off, EURJPY will regain 130.00 psychological number Entry - 129.50-75 Target 100 pips
Sell CADCHF near 0.7325 Target potential 0.7250 This sudden upward burst will result and profit taking and bring the pair lower.
Stay long EURNZD long term for a 100 pips gain. Entry price between 1.7000 to 1.7025
The price above 1.97xx is too lucrative for the bears to drag it down below 1.97xx for profit taking. Trade the psychological 1.9700 Current price 1.9720. Sell at this level to target 1.9625
EURCAD in last 10 days showed bursts of volatility from the bulls driving the price up on every fall. This indicates that the pair has a very strong bull support behind it. Go Long above 1.4820 to target the potential 1.5000 psychological point.
A good short entry for CHFJPY will be around 120.45. This pair is trading near psychological 120.00 and the bears will fight back to bring it down below 120.00 in some freak move in a week or two.
Currently the price at 1.5777 The bulls have drawn the line at 1.5670 and as long as price is above 1.5670, a buy trade should be executed. Buy entries should start from 1.5755 depending on the risk appetite of the investor. Target potential - 1.5900-1.6000
Buy on this dip average out your price for target 1.1888 and then 1.20000
EURUSD is gearing towards a nice bullish setup from our earlier call of 1.1780 BUY entry. We will wait for 1.1888 to break for it to resume upward momentum and hold long term buys to target 1.2000. Price above 1.1888 is the key.
Sell Entries below 1.8600 Target - 100 pips
EURGBP can be told as technically most accurate currency. We are looking at long bias on this pair. The price action suggests buying opportunity above 0.8525. Right now the intraday strength on Leaderboard is 1.00 in Currency Heatwave app. We will wait for the strength value to reach 3.00 and above to add more buys. Target potential 0.8700
USDCAD is in the confluence area now and a sell entry around 1.2550-85 is ideal. Have to watch out for 1.2655 as a strong resistance, if it breaks that then USDCAD should resume uptrend. Otherwise its a good opportunity sell this pair for a 75-100 pips gain