With Euro finally showing signs of strength overall, we have a good trade setup here. EURAUD has reached its first long target but doesn't look like it will stop here. Temporary pullback is expected but look for a reaction above the highlighted resistance where price is at right now. Upon break of this resistance, we are looking at the next resistance above as the...
Looks like we are trapped in a longer term range and this is good news for the range traders. We are rising above from the range support. BTCUSD can probably be traded all the way up to the resistance. I will keep updating.
EURCAD is staying on support after a brutal down trend. This support has not been broken even with EURO weakness. This makes it a favorite demand zone as no one is willing to sell beyond this point.
Trade idea: Look for a long trade from this support zone as price is ranging between the green (demand zone) and pink (supply zone). Upon reaching the resistance...
EURGBP is in an up trend in the H4 chart. Price has broken the down trend line (white line) and currently trading in a nice looking up trend channel. Price is trading above the ichimoku cloud which portrays a strong up trend. However, if you have missed today's massive move to the up side, you may still take a short corrective trade tomorrow. Look for the reaction...
So we have a beautiful Bull Flag in Gold (XAUUSD). Expect Gold to fly as soon as it reaches 1440 region. Trading above 100 and 200 Day SMA. Gold is bullish. Buying dips is a good idea.
Disclaimer: This analysis is only for education and idea sharing purpose. This is not an investment advice. Trading Forex carries significant risk of financial losses. Please make...
