UsdJpy had a hard time staying above 109 figure and yesterday the pair broke short term support at 108.50-108.60 zone. Now the pair is trading around 108.60 zone now which should have become resistance. Strategy: Sell around 108.50-108.60 SL @ 109.20 TP @ 107.00
After the double top made around 1.1175, EurUsd dropped aggressively approx 200 pips. The pair found support at 1.0980 a previous support/resistance and also Fibo 61%. Yesterday the pair put in a bullish engulfing which give us reason to be optimists. The first resistance comes into place at 1.11 followed by 1.1175 Strategy: Buy the market with a tight stop,...
On UsdCad we can speculate a rising wedge formed on H4. The trend line support of the pattern is broke and the pair could continue its fall. First important support comes into place at 1.32, followed by 1.3150 and major support at 1.3050 Strategy: Sell the market at 1.3230 SL @ 1.3310 TP @ 1.3050
Yesterday, after a long consolidation and a tight range, EurNzd broke support at 1.73. The pair dropped over 100 pips and stopped at the next support at around 1.72. Today EurNzd is correcting yesterday's aggressive move, and 1.73 should become new resitance. Strategy: Sell close to 1.73 SL @ 1.7350 TP @ 1.7
A short term inverse H&S is forming for Gold. The neckline lies at 1466 and a break here would expose 1480, the measured target for H&S and also a strong resistance for the daily chart. Strategy: Buy the break SL under 1455 TP @ 1480
UsdJpy has difficulties staying above 109 figure. For us to still consider an uptrend for the pair, 108.50-108.60 zone needs to hold. A break here would expose 107 zone, major support and also rising wedge target Strategy: Buy as long as the price stays above 108.50 A daily close under support would negate this scenario
Gold formed a "morning star" candles formation on the support of the descending channel that contained the price from the recent top of 1550. Now XauUsd is facing a minor resistance at around 1465. A break here would expose 1480 major resistance. Strategy: Buy dips Target 1480 SL @ 1440
EurJpy corrected around 150 pips from the last top. Today the pair has reached the major support at around 120. As long as the pair stays above this support we can expect a return to 121.50 Strategy: Buy @ market SL 119.50 TP 121.50
GbpUsd rejected from major support that lies around 1.2750. The decline from 1.3 top is corrective and is formed a flag. A daily close above 1.29 would expose 1.3 figure and 1.32 furthermore. Strategy: Buy the market in anticipation o a break of the flag formation SL @ 1.2750 Target 1 @ 1.3 Target 2 @ 1.32
Yesterday we had a small correction for the pair, forming an inside day. Now NzdUsd is trading again under 0.6350 support and looks very bearish. Strategy: Sell at market SL @ 0.6350 TP @ 0.6250
After the 105 low, UsdJpy has formed some kind of inverse H&S. The pair is trading just in resistance zone above 109 right now and we believe that this resistance will give up and the pair will continue its uptrend. Strategy: Buy @ market SL @ 108.50 First target 112.00 Second target 113.00
Gold is approaching a strong buy zone around 1440. Strategy: Buy if the price reaches 1440 SL @ 1430 TP @ 1490 Great risk: reward of 1:5
From the beginning of August, the trend for GbpCad is clearly up, forming higher highs and higher lows. Now the pair is facing resistance at around 1.7080- 1.71 zone. A break here would expose 1.7350- 1.74 resistance
After a violent rise of 800 pips, GbpUsd found resistance around 1.3 figure. The pair corrected forming a flag with resistance laying at 1.29, a break here would expose 1.3 high and, furthermore 1.32 zone Strategy: Buy a daily close above 1.29 Target 1 @ 1.3 Target 2 @ 1.32 SL @ 1.28
NzdJpy is consolidating above short term support that lies around 69.00 A break here would expose 68.00 support Strategy: Sell the break SL 69.60 TP 67.90
After almost a month of consolidation, EurGbp broke support. The trend is clearly down and the next target could be 0.85
70 figure proved to be very strong resistance for NzdJpy with the pair trying several times in the past weeks to conquer this level. We expect a break of short term support that lies around 69 and a dive till at least 68.00 Strategy: Sell at current price SL @ 70.10 TP @ 68.00
Last week was very bad for gold, which lost 4 out of 5 days of trading and closed under the key support from 1480. Now the price is in a slight comeback, but we suspect that the price will fall in the next days/weeks Strategy: Sell rallies preferably close to 1480 Take profit 1440 Only a close above 1500 will negate this scenario For the exact entry point, SL...