ShawnTheTrader

ShawnTheTrader

AUDUSD has approached a major support line with the addition of a falling wedge, indicating that the price will move upwards.

ShawnTheTrader

A rising wedge has been observed in AUDJPY, indicating that the currency pair will be falling soon and towards the nearest support highlighted in the chart. The Japanese Yen has hit an all time low, which means that it will bounce back up for a bit, ateast in the near future.

ShawnTheTrader

We can see that EURUSD is currently forming into a triangle pattern along with a "M" pattern from the chart. The previous candle has also shown us a buy opportunity because it has high volume without closing at the lower end, indicating the bull is stronger now.

ShawnTheTrader

With CHF peaking against JPY all time, a rising wedge pattern has been observed in the chart, which indicates that the price will drop in the near future. A sell order is recommended for this trade.

ShawnTheTrader

IMHO, a short position at where the price is right now. A sell limit order can also be placed at the resistance level in anticipation that the price will go down once it touches the resistance, giving a good Risk : Reward Ratio.

ShawnTheTrader

From the pattern on the chart, apply Fibonacci retracement to the price and we can for a long position as the price is expected to move up before continuing on with the downtrend.

ShawnTheTrader

From the two exponential moving averages set, we can see that the have crossed and the trend is currently going downwards, however, the price is now at a support level. We can actually wait for retracement towards the top of the channel before entering a short position to have a short term trade.

ShawnTheTrader Updated 

A bearish flag pattern has been spotted in the currency pair and a move downwards can be expected in the short term.

ShawnTheTrader

As seen from chart, EURAUD is forming a bull flag and price continuation is expected.

ShawnTheTrader

As seen from the charts above, price of currency pair USDJPY is at a resistance level. Price is however, in an upwards trend. Retracement to the downside is expected before trend continuation.

ShawnTheTrader

As seen from the chart, the price of currency pair GBPUSD was a strong sell/downtrend and is now at a support level. With that, we can expect a correct wave and the price to move to the nearest resistance before continuing its original trend. The RSI further confirms that the price will move up. Do let me know what you guys think.

ShawnTheTrader

As seen from the chart, the price of currency pair EURUSD is currently at support level. Price is expected to move up towards nearby resistance levels and thus, making this a good short term buy. This is further confirmed by RSI which is in the oversold zone. Do let me know what you guys think.

ShawnTheTrader

As seen from the chart, the price of EURCHF currency pair is currently at a support level. Overall price trend is bullish as confirmed by SMA(100). Price is expected to bounce of support level and move towards the respective resistance levels. Do let me know what you guys think.

ShawnTheTrader

As seen from the chart, price is current at a resistance level alongside with a channel. A good opportunity for selling has presented itself. Do let me know what you guys think.

ShawnTheTrader

As seen from the chart, the price of USDJPY currency pair is now at the support level. Price is expected to move to the nearest resistance level. Trade is further confirmed by an overall uptrend as seen from SMA(100). Do let me know what you guys think.

ShawnTheTrader

As seen from the chart, price of GBPUSD currency pair is now at resistance level. Price is expected to drop to nearest support levels. Do let me know what you guys think.

ShawnTheTrader

USDJPY currency pair is about to complete it's ascending triangle pattern. Price is expected to drop to nearest support level before breaking out and rising to the next major resistance. Do let me know what you guys think.

ShawnTheTrader Updated 

As seen from the charts, the price of CADCHF currency pair is now at resistance level on a bullish trend. Price is expected to retrace to nearest support level before trend continuation. Do let me know what you guys think.