TraderAvDM

TraderAvDM

My previous analysis for AUDJPY short didn't work well although we were able to make a decent 30 pips from an intraday sell. Looking at the hourly chart, AUDJPY has once again moved above the 100 hour EMA. So, as long as it stays above this area, an uptrend to 69.20 and beyond is not out of the question. On the other hand a drop below the EMA and the Lower TL of...

TraderAvDM

Hello friends, I am getting conflicting signals from the GBPJPY Chart. On the hourly chart, it looks like downtrend is dominant. A break below the lower TL of the structure will confirm the bearishness. However, have a look at the daily chart here. The last two daily candles indicate that bears may have run out of steam. Although I made close to 150 pips from...

TraderAvDM

EURJPY has reached a very important Support Level. Although I expect a bounce here, a breakdown can not be ruled out as well. If price rebounds from the Support Level, we could see 119 very soon. But, a breakdown below this all-important Support Level could be pretty catastrophic for the EURJPY Bulls.

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Last week after the BOC Interest Rate decision, I publish an idea on the Weekly Chart where I advised selling the spike. (Last week's chart) In today's daily chart, you can see that USDCAD looks set for another decline. However, if you have not sold the spike last week, it would be better to wait before selling right away. I would like to see a pullback to...

TraderAvDM

In the weekly chart, Gold has printed a Pinbar Candlestick, which indicates Bullish exhaustion. In my opinion, Gold may have created a short-term Top. My plan this week is to Sell but to reduce the risk, I want to sell as close as possible to last week's high. So, I would be looking at the 1730-1760 area for any potential Sell entries.

TraderAvDM

In my daily chart analysis last week, I told you that the 100D EMA could be a PRZ( Potential Reversal Zone) and you saw that price dropped more than 200 pips after hitting the 100D EMA. (Last week's analysis) In this Weekly chart, you can see a Pinbar candlestick pattern which to some extent, indicates that GBPUSD Bulls are getting weak. My plan this...

TraderAvDM

In the 4H Chart, EURUSD looks set for another decline. However, a break of the 1.0930 level strongly will change the near-term picture to neutral. So far, EURUSD appears to be in a Bearish move. I have been selling since 1.0980 last week and made more than 150 pips with these bearish moves in EURUSD. This week's plan is to see how EURUSD moves in the area that...

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ETHUSD is at a crucial juncture now. It's knocking at the 100D EMA. A clear break of the elliptical zone will lead to an uptrend towards 210. A failure at this area, however, means that another drop to 100 is back in the picture.

TraderAvDM Updated 

EURAUD printed a bullish candle a day ago near the 100D EMA. It was a small indication that perhaps buyers are stepping in again. So far, the Bullish move has faded and we are almost back near the 100D EMA. I believe this is a low-risk Buy opportunity with potential for great rewards.

TraderAvDM

Hello friends, many traders might have sold NZDJPY too early. The best area to sell NZDJPY is between the Upper TL of the Rising Wedge pattern and the 100D EMA i.e. between 66.50-67.70. This will be a very low-risk sell set-up with potential for huge rewards.

TraderAvDM Updated 

GBPUSD makes a moderate recovery from Thursday's lows due to weakening Dollar Strength. However, we have not seen any major bullishness so far. In fact, GBPUSD's movement has been quite subdued this week. Let's look at this chart from the beginning of the week. In this chart, you can see that I mentioned the 100D as a Potential Reversal Zone(PRZ) and price...

TraderAvDM Updated 

Hello friends, in my previous EURUSD analyses, I told you that selling at 1.0980 would be a good idea. That sell trade gave more than 160 pips profit. Now, let's discuss what will happen in the next few days. In my idea from April 14, 2020, you can see this Ascending channel(or rising wedge). Either way, it's a bearish structure. I mentioned selling at the...

TraderAvDM Updated 

Hello friend, if you read my weekend analysis, you remember about my plan to sell gold at 1725 with SL above 1750 and TP at 1650. So, far neither SL nor TP has reached :D Looking at the current price action in the daily chart, it looks like Gold may drop further. In the hourly timeframe too, Gold has dropped below the 100 hour EMA and as long as it stays below...

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In my previous CADJPY analysis, I published about opening Sell at 77.95. That trade gave more than 170 pips profit. So, what can we expect now? Well, in my opinion, the downside should continue till CADJPY reaches support level. But, there could be some minor pullback. I prefer to sell the rallies in CADJPY.

TraderAvDM Updated 

My previous GBPAUD buy idea gave more than 270 pips for traders who followed. But, in the 4H Chart, is GBPAUD Facing resistance? There is a Doji candle at the 100-Period EMA. So, if GBPAUD doesn't break the Resistance area, it may fall again to the Support Level. If the resistance breaks strongly, then GBPAUD will reach 2.0105 easily.

TraderAvDM Updated 

Hello friends, if you analyze the daily chart, you can figure out that GBPJPY Bulls have been getting weak for the last 5-7 days. Bulls can't clear the 135.50-137 resistance area. Yesterday, GBPJPY printed a Bearish Candle in the daily chart. If GJ is unable to break the resistance area, then I expect a short-term reversal and a subsequent drop to 132.50 area.

TraderAvDM Updated 

USDCAD can drop towards 1.3330 in the next 4-8 weeks. In the weekly chart, USDCAD reversed from the 1.4650 level. This week's pullback is a minor correction in my opinion(especially if we look at the weekly chart). So, I believe there's another 700-800 pip drop from here.

TraderAvDM Updated 

Hello Friends, in my previous idea, I told you to sell EURUSD at 1.0980 at the third touch of the Upper TL. If you followed you have already bagged 80+ pips profit. I have focused on the Bearish Structure multiple times in my last couple of ideas and if you remember, I mentioned about a break in the Lower TL. Currently, EURUSD appears to have broken the Lower...