Possible long position for NZDUSD. Price has recently bounced off of a Long term trend line support, leading me to believe a potential drive to the next local resistance area. The price has also just crossed both the 200 EMA and 50 EMA and they have gone underneath the price thus giving us a long bias. For this trade I have also brought in a stochastic indicator...
Possible short term long position for GOLD. Price has remained above both 200 and 50 EMA indicating long bias. The chart may look confusing as there are a lot of lines but these are just different trend channels that I have indicated and you can see the most accurate trend line channel is the parallel channel indicated as blue. The price has broken out of this...
Possible Long term buy for USDCAD incoming. Price is showing a strong indication of a long bias as it has been moving above both the 200 and 50 EMA. Price is currently working towards the trend lone channel support zone as well as a minor individual support. If price breaks this support then we could see a further big drop in the price but if we see the daily...
Possible long position for EURUSD. Overall this pair is looking to go down even more but for now and the coming week I am expecting this pair to go up. This is based on following the trend as well as big fundamental news kicking off the week tomorrow and in favour of the EUR going up and USD going down. As for the technical analysis we can see a mediocre support...
Possible short position for GBPJPY. Price has completed a pullback to the trend line after it had already broken out of out towards the downside. We can now expect further decline in the price as it Is currently moving below all three moving average indicators on the chart which are the 20 EMA, 50 EMA and the 200 EMA. This indicates a strong short bias for us....
Possible strong pullback towards the trend line for AUDNZD. Price has broken trend line channel to the upside and now would be a good time to place a sell trade on the pullback to the trend line. Price has also been moving under both the 200 and 50 EMA which is still indicating a strong short bias. I expect the price to move back to the trend line and then go all...
Possible buy incoming for NZDSUD. Price has acted bullish in the last few weeks and has remained above both the 200 and 50 EMA therefore still indicating a long bias. Resistance above the trend line channel has been tested more than twice and has been rejected, I am predicting the price will go up, through the trend line resistance and test the weekly resistance...
Possible big long position incoming on EURUSD. A major pullback has occurred shortly after the break of the trend line to the upside. Price has completed a big pullback to a minor support line which has been indicated on the chart and the price should continue from this support line all the way back up. Will be entering a trade with minor stop loss of 20 pips and...
Possible long position and then a big short position occurring on XAUUSD. Price has remained above both 200 and 50 EMA thus indicating a long bias at the moment. I have closed my previous positions on this pair which was mistake as a should have held and would have been in profit right now. Price will continue to follow trend and USD will weaken in the coming days...
Possible short for USDJPY. Most people would leave this par alone and have no idea what to predict due to the fact that the chart has been moving 'Sideways' for a while now and most people usually stay away from sideways moving charts. I can see a parallel wedge forming and price is getting close to the edge which means its going to break out one way or another....
Possible long position for GBPUSD. Simple trend line bounce occurring. Small stop loss just under the trend line in the case of trend line being broken. Price has remained above the 200 EMA thus indicating a long bias. USD expected to drop a little bit therefore GBP expected to fly.
Big candles going straight for trend line indications reversal. Tiny stop loss of about 25 pips so easy to jump on now. Risk Reward for this trade is about 13/1 which is amazing. Price above 50 and 200 EMA so indicating long bias again. FX:GBPCHF
FX:EURUSD Possible Long of EURUSD after big break and retest of trend line channel. Keep a close watch of the daily candle due to the fact that price could re enter the trend line channel and carry on downwards. This will occur if the daily candle from today close below the trend line. If not then we will see a successful pullback and price will bounce of trend...
OANDA:XAUUSD Possible short term long position towards the trend line. Price has been moving above both 50 and 200 EMA indicating a long bias. Minor support line which price has bounced off of this time as well as at least twice before. The consolidation area has been highlighted in which price has been fluctuating within.
Possible parallel movement from GBPJPY.. As you can see there is a perfectly formed uptrend in a parallel channel. We can expect the price to respect both the support and resistance of the trend lines and keep going in the direction of the channel. This can also be confirmed by the fact that the price has recently broken a minor support turned resistance level and...
Possible short position on GBPNZD. Amid Brexit talks which have resulted in the delay of Brexit by another 3 months, GBP could weaken further while the ever growing NZD becomes stronger by the day. Both 200 and 50 EMA are showing signs of a short bias on higher time frames but in the middle of the price on lower time frames so could lead to a long term short bias....
Possible Long position for GBPUSD. Price has stayed above both 200 and 50 EMA for the past 2 weeks, thus indicating a long bias. I have scaled down to the 4 hour time frame so it is clearer to see the icons and patterns. As you can see from where the pointer is pointing at to the first touch of the trend line, the next touch of the trend line is 30 days apart and...
Possible short position. Price has remained under the 200 EMA for several days now as well as a few weeks which still indicates a strong short bias. EURUSD has also been engaging within a trend line channel for a long period of time and I expect the price to carry on respecting this channel, therefore I will be entering a sell trade. Price has been rejected at the...