dhamirramz

dhamirramz

AUDNZD has reached a strong support and re-tested that area, coupled with the formation of Shark pattern. There is hidden divergence on both RSI and X & D axis which indicates a bullish signal. A buy to the next resistance zone as indicated in the chart is an ideal scenario. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so...

dhamirramz

EURJPY has bounced off its major support at 130.96 (50% Fibonacci retracement , horizontal swing low support, 100% Fibonacci extension ). A strong reaction could occur at this level pushing price up to our next major resistance at 131.89 (horizontal overlap resistance, 61.8% Fibonacci retracement ). A breakout of its short term ascending pullback resistance line...

dhamirramz

AUDJPY bounced off its major support at 83.35 (horizontal overlap support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). A strong reaction could occur at this level, pushing price up to our next major resistance at 84.56 (horizontal swing high resistance, 38.2% Fibonacci retracement , 61.8% Fibonacci extension ). Stochastic (55,3,5) is also...

dhamirramz Updated 

CADJPY is set to reverse to 83.400 zone coming off the strong support and the formation of the bullish Cypher pattern. RSI is oversold in both 1 and 4H timeframes and its at the bottom of the Daily timeframe. This trade looks promising for swing traders with good risk to reward ratio.

dhamirramz

Gold is bouncing back from the resistance area of 1327.70 after several retest and it could sell to 1315.00 support area.

dhamirramz

The pair has formed an upward channel and right now the price is touched the lower trendline which is a confluence area of 61.8 Fibonacci level. A reverse to the top channel is likely.

dhamirramz

Last week, the pair broke the multi-weeks trendline and now it has re-tested the trendline for the second time. A rally should be expected to the nearest resistance of 107.800 and the further one to 108.600 level.

dhamirramz

The pair has broken and re-test the multi-weeks channel. A rally to 79.500 Major resistance should be expected.

dhamirramz Updated 

BTCUSD is expected to bounce back to 11700 resistance zone after breaking through the first support at 50% Fibo level and it is now heading for the second support at 32.8% Fibo level which is also a confluence zone. This is not a trading advice, but rather an educational tool to understand the forex market. Trading involves high risk and you may lose your capital...

dhamirramz

The pair has broken the weekly trendline and has retested it. It is expected to rise to the major resistance of 84.800 if it gets out of the 83.350 zone. This is not a trading advice, but rather an educational tool to understand the forex market. Trading involves high risk and you may lose your capital if diligence and discipline is not practiced.

dhamirramz

EURNZD pair is currently playing on a very strong support level which is marked as a Demand Zone. A break above the Monthly trendline will be a confirmation to go Long.

dhamirramz

The Hesitation Zone below the Major Quarter Point is acting as a strong support. The area has been tested twice and the 4H candle closed above it. So We Should look for a BUY as soon as the current candle close above the zone.

dhamirramz

It is going short after failing to break above the 50% Fibo Retracement Level

dhamirramz Updated 

GJ is going long after failing to complete the the bearish momentum to the Hesitation Zone

dhamirramz

EURUSD is reversing on a key level of Hesitation Zone.

dhamirramz

The US Dollar index has been falling in recent weeks following the formation of Head and Shoulders Structure. The price range that it was supposed to have fallen has been reached and right now the price is testing the 90.00 zone. A failure to break the zone would see a reversal to 92.80 and above.

dhamirramz

GBPJPY The pair is currently retesting the 1st Quarter Point of 152.250 price which do coincides with 61.80% Fibo Level and also a major supply zone. There is a rejection with the current candle which is forming a shooting star. We have to wait for the new candle to form on 1HR chart before we can decide the direction. However, Long position is not recommended at...

dhamirramz

EURUSD The pair has run out of steam going long after a 200+ pips run last week which has broght it to the fist Quarter Point of 1.2250 price zone. It has retested the zone twice, and if you look to the left you can see a huge drop off candles which indicate the area is a major supply zone as well.Currently, a bearing engulfing candle is under formation in one...