PipFor

PipFor Updated 

Summary: Fed officials are succeeding in calming the situation The pair broke below important support Swiss franc hits 3M highs Recommendation: Trade: Short USDCHF behind the market Take profit 1: 0.8908 Take profit 2: 0.8777 Stop loss: 0.9107 Justification: USDCHF fell below the 0.90 level, where it has not been since the end of February. It...

PipFor Updated 

The loonie (CAD) is strongly correlated with the price of oil Recent poor labour market data has not changed the BoC's approach USDCAD is near key long-term support Recommendation: Trade: short USDCAD for the market Take Profit 1: 1.19 Take Profit 2: 1.15 Stop loss : 1.2650 Justification: The trend on USDCAD is clearly downward since March 2020. In a...

PipFor Updated 

Spreads samples that the currency pair could fall further Commodity prices sample to a stronger AUD The couple broke through key long-term support Recommendation: Trade: Entry into a short position in the EURAUD currency pair at market price Take Profit 1: 1,4800 Take Profit 2: 1,4000 Stop Loss: 1.6070 Justification Commodity prices, especially copper...

PipFor Updated 

Summary: EURAUD traded in a rising triangle formation The pair broke above the upper limit of the formation today Recommendation Trade: Long EURAUD for the market Take Profit: 1.6017 Stop loss: 1.5400 Justification: EURAUD has been trading in a triangle formation since late Feb 2021. Today's break above the upper limit in the 1.5630 area signals...

PipFor Updated 

Summary: Price broke the growth trend line USDJPY bounced from the resistance area of 109.30 Recommendation: Trade: Short position on USDJPY at market price Take profit1: 106.9 Take profit2: 105.9 Stop loss: 109.9 Justification: Looking at the USDJPY in the D1 interval, we can see that the growth momentum has clearly slowed down recently. Buyers...

PipFor

Summary: EURGBP has been trading in a downward channel since the end of April The pair has had two false resistance breaks at 0.8635 Recommendation: Trade: Short EURGBP for market Take profit: 0,8560 Stop loss: 0.8680 Justification: The British pound has recently started to outperform the euro. EURGBP has been trading in a steady downtrend since...

PipFor Updated 

Summary: Short-term sentiment remains bullish DE30 has bounced off the lower boundary of the 1:1 structure The downward correction has stalled at a moving average with a period of 100 Recommendation: Trade: Long position on DE30 at market price Take profit 1: 15 465 Take profit 2: 15 515 Stop loss: 15 305 Justification: DE30 started the new week...

PipFor Updated 

The GOLD price determines key support at $ 1,690 The downward movement stopped at the lower end of the price channel Recommendation: Trade: Entry into a long position at GOLD at market price Take Profit 1: 1760 Take Profit 2: 1835 Stop loss : 1665 Justification: The gold market has been trading in a declining trend recently. However, looking at the...

PipFor Updated 

The graph shows the inverse formation of the head and arms The price is above the 100-period moving average Recommendation: Trade: Entry into a long position in the USDCAD currency pair at market price Take Profit 1: 1,2860 Stop loss : 1,2560 Justification: Justification: When looking at the USDCAD currency pair on the H4 interval, it is possible to...

PipFor Updated 

USDCHF creates rose The pair achieve resistance at 0.9050 The moving average did not reach over 200 periods Recommendation: Trade: Entry into a short position in the USDZAR currency pair at market price Take Profit: 0,8785 Stop Loss: 0,9210 Justification The US dollar has recently supported revenue growth. The USDCHF rose and tested the level of the...

PipFor Updated 

Symmetrical triangle

PipFor Updated 

Record high unemployment rate in South Africa The pair tests the lower limit of the growth channel Recommendation: Trade: Entry into a long position in the USDZAR currency pair at market price Take Profit 1 : 14.88 Take Profit 2 : 15.30 Stop loss: 14.34 The South African Rand is trading under pressure after recent data show that the unemployment rate in...