Xpressforex

Xpressforex

Looking at the 4 Hour charts, we are looking for a break of the descending channel. This will be important to break the resistance and back test as support before rising to $1.20. Lets see what happens next, im Bullish.

Xpressforex

Keen to hear your opinions based on the current XRPUSDT set up. I think we will now see the Bulls come, after a major price sink yesterday. Will the SEC case have an effect on Thursday? Plenty of news circulating this particular Crypto. Whats your thoughts?

Xpressforex

Ive worked down in timeframes. On the 4H, Price is sitting around 105.050 region, which has previously acted as a key Support Zone. On the 1H you can see a clear descending channel, which price broke today. We are expecting price to retrace back into the channel. The Stochastic indicator is clearly showing an oversold market on both 4H, 1H and 15min. We will...

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Looking at taking a Buy position on USDCHF. Using Technical Indicators, the Stochastic is showing an oversold market on the 1HR. Price has previously tested the current level and therefore acting as a level of Support. We are yet to see a cross over of the moving averages. However, we will be watching the new few candles for confirmation before taking our...

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I've worked down the timeframes on AUDCAD and have seen a potential buy opportunity. Technical analysis, using Stochastic Indicator, I can see price is almost oversold. On the 4H chart, there has been a crossover of thr 50 & 100 day moving averages. Price tested, broke and retraced the Resistance zone marked on the chart. After a short sell off, I believe...

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On the 1hr chart, we can see price has previous rejected at the current 1.68250 level. Creating a resistance zone. I'm expecting price to retrace back to the highlighted Support Zone. You can see from at the end of last week, price broke the ascending trend and has retested. This usually indicates a heavier sell off. When you bring out the Fibonacci, you can...

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Looking at GBP/CAD, I can see signs of a Bullish move. Why? - Stochastic Indicator - Currently at a strong Support Zone which looks like price has bounced off - Last two candle have confirmed the sell off has weakened (Bulls Incoming) Aiming for the Fibb Golden Zone! (As marked on the chart) LET'S GOOOO

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Divergence spotted with GJ. Accompanied with the Stochastic Indicator showing an oversold market. We will be aiming for the previous support zone as we anticipate the market sells off.

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We will be looking to Sell EURUSD! The first indicator we used was the Fibonacci Retracement. We can see price has reached the 'Golden Zone' after a Bullish finish to the first week of February. However, the Stochastic indicator is also pointing towards a sell off. You will notice the market has been extremely overbought. Lastly, you will notice price broke the...

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Looking at the 1 Hour and 4 Hour Charts. we can see a strong descending trend. 1.57700 was previously a strong Support, but has since turned into resistant level as a new higher-low has been created. Price tested the previous support and was rejected and therefore following the descending trend. We have seen the 50 day cross over the 100 day Moving Average which...

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From first glace at this chart you can see we are in a descending market. Using the basic Support & Resistance Levels, you can see we are testing a strong level of resistance. In addition to this you can see price wasn't able to break the downtrend and therefore, I do not see any indication of a reversal. The Stochastic Indicator is also sitting at 55, showing...

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Looking at Cable, price has been bouncing between the Support and Resistance Zone for the last few days. We are also seeing price sat on the Support currently, we will wait for confirmation of a broken trend before entering. Key points to take from the analysis; 1. Price is sitting at a key support zone (1.3650) 2. Stochastic Indicator is showing the market is...

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Looking on the 4 hour chart, GBPCAD has been selling off since Christmas Eve (24th December). We are currently trading in a significant support zone, which has been respected twice. I think a short term buy position is a potential, using the Stochastic indicator and the Resistance Zone which are marked on my chart. However, we will be swing trading a Short...

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What are your thoughts? @newgenforex on all social media platforms :-)

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Looking at NZDUSD a potential sell opportunity. Price has undoubtable shot up over recent weeks for NZDUSD. In fact, price hasn't reached the current heights since June 2018! The Relative Strength Indicator (RSI) is showing us the market has been overbought. We can also see the Ascending Trend which has the potential to break. Therefore, I will be opening a...

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Interesting set up for AUDUSD - What looks like a potential Bearish Butterfly! We can use the 'Butterfly Indicator' as a tool to predict a change in market conditions. On the 4 Hour chart, there is a strong ascending trendline, I'm expecting a break this week. Before entering a Sell position, we will wait for a break in the trend. Take Profit 1 & 2 marked on...

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Looking at GBPUSD (Cable) - I think we will be in a Bearish market for the first part of the week, commencing 30th December 2020. Using Fibb Retracement from last weeks high/low points, we're currently sat in the 'Golden Zone'. A second confirmation candle has confirmed price has broken the Ascending Trend. We are targeting the 23.60% Fibb level which sits just...

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Short Term/ Mid Term Trade - Gold has respected the 1801 support zone last week, which eventually broke on Friday afternoon. I would like to see Gold retrace to 1801.90, before following the downward trend. As i've mentioned already, Gold respected the Support Zone on multiple occasions throughout last week. However, we have seen a lot of volatility recently in...