Pro-Trading-Africa

Pro-Trading-Africa

Bitcoin, the pioneering cryptocurrency, has been a subject of fascination and speculation since its inception. As of April 20, 2024, several factors are converging to potentially drive its value higher, making it an enticing investment opportunity for many. (1) Adoption by Institutions: Over the past few years, there has been a significant increase in...

Pro-Trading-Africa

EURUSD appears to have broken the lower trendline on the 4-hour time frame. We expect a retest of our entry level before a downtrend. Additionally, as of the 26th, reports show that 14,959 short positions were added by large speculators, indicating a downtrend for the week. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the...

Pro-Trading-Africa

GBP/CAD was moving in a bullish channel on the 4-hour timeframe, and there was a breakout on the downside, followed by a retest. Additionally, as of the 26th report, 11,344 large speculators exited long positions on the Great Britain pound. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading...

Pro-Trading-Africa

GBP/USD has formed a rising wedge pattern on the 4-hour timeframe. Additionally, as of the 26th March 2024 report, 11,344 large speculators exited long positions on the Great Britain pound. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of...

Pro-Trading-Africa

Overview: USDCHF was moving in a downward channel, and there was a breakout to the upside, followed by a retest in the 4-hour time frame. Full Analysis: 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick...

Pro-Trading-Africa

NZDJPY has formed a head and shoulder pattern on the 4-hour time frame. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market...

Pro-Trading-Africa

NZDJPY has formed a head and shoulder pattern on the 4-hour time frame. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market...

Pro-Trading-Africa

GBP/USD has rebounded from the monthly high area/level in the 4-hour time frame and has also formed a falling wedge in the 30-minute time frame. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a...

Pro-Trading-Africa

📊 Market Analysis - AUDJPY SELL 📉 Overview: AUDJPY has reached the major resistance area of the Ascending Triangle on the daily chart. In the 1-hour timeframe, it has broken below the bottom level of the ascending channel. 📉 Expectations: We anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade...

Pro-Trading-Africa

📊 Market Analysis - EURUSD Buy 📈 Trade Recommendation: Buy EURUSD at any price between 1.0846 till 1.0820 EURUSD Analysis: EURUSD has broken and retested the lower high area of the descending channel in the 1 and 4-hour timeframe chart. The dollar inched lower on Monday ahead of a macro-packed week that could shed more light on the global rate outlook, with a...

Pro-Trading-Africa

EURUSD is showing signs of a rebound from the higher low area of the uptrend line in the 4-hour timeframe chart. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure...

Pro-Trading-Africa

📈 Market Analysis - Buy Opportunity 🔍 CADCHF Analysis: CADCHF is currently rebounding from the lower low area of the downtrend line on the daily timeframe chart. Additionally, in the 4-hour timeframe, CADCHF has successfully broken above the top (lower high) area of the descending channel. 📉 Expectations: Anticipate the pair to re-test key support levels as...

Pro-Trading-Africa

AUDUSD has reached the horizontal support area on the daily timeframe chart. 📈 Expectations: Anticipate the pair to re-test key support levels, as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market...

Pro-Trading-Africa

Currency Pair: EURNZD Overview: EURNZD is currently experiencing a rebound from the higher low area of the uptrend line on the weekly chart, indicating a potential buying opportunity. Technical Analysis: In the 4-hour timeframe, EURNZD has successfully broken the horizontal resistance area. A Cup and Handle bullish pattern has formed on the 1 Hour time frame. 📉...

Pro-Trading-Africa

📈 Market Analysis - Buy Opportunity 📉 USDCHF has recently broken the top (lower high) area of the downtrend line in the 4-hour timeframe chart. 📊 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is rooted in a blend of technical analysis and candlestick patterns. It's a...

Pro-Trading-Africa

📈 Market Analysis - Buy Opportunity 📉 Pair: NZDUSD 📊 Technical Analysis: Forming a rising wedge pattern on the 30-minute timeframe, NZDUSD has also reached the higher low area of the uptrend line in the 4-hour chart. 📉 Expectations: Anticipate a re-test of key support levels, as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a...

Pro-Trading-Africa

AUDCHF is currently descending from the lower high area of the channel, visible in both the 4-hour and daily charts. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 💡 Trading Strategy: This trade is grounded in a mix of technical analysis and candlestick patterns. It's a long-term position, so ensure...

Pro-Trading-Africa

CADJPY is currently descending from the lower high area of the channel on the 4-hour timeframe chart. Additionally, there's a breakout on a minor bullish channel observed in the 1-hour timeframe. 📉 Expectations: Anticipate the pair to re-test key support levels, as highlighted in the attached chart. 📊 Trading Strategy: This trade is a long-term position,...