Every currency trader must be able to identify key Areas of Support and resistance, you next question should be "WHAT WILL PRICE DO". 5% Knowledge and 95% Discipline, Patience and Risk Management is what successful Traders have.
Pattern formation at long term support. Support has been holding steady since 2016. Interesting Level to enter long. Please Manage your risk and increase position as trade goes higher.
Buy Signal for NZDUSD added with the downtrend for the DXY, this will be a good idea to for a short term buy for the NZDUSD
Hit Resistance nicely, and gives us an Evening star reversal Pattern.
Looking at the shortterm bias for CADJPY break and retest of support now turn resistence.
Chart Patterns with support and resistance.
A confluence of signals. SR, FIB Retracement and down trend line good sel
I THINK EURCAD WILL RETRACE AND CONTINUE DOWN MOVE
A good short trade based on down trend continuation on a multi time frame analysis. We also see confluence as there is a break of a short term time break and retest of resistance.
Broken the 20 SMA, with a break below a three months resistance....looking to sell after the pull back
Break of 20 SMA and recent weakness in NZD fundamentals
With the recent weakness in the NZD fundamentally and the technical aspects supporting this trade, i will see the EUR gain strength in the next coming days
After holding at support from the previous down trend, consolidating and then breaking out on the upside, it has come back to retest temporal support and is ready to take off. With the head and shoulders pattern in place and the my view in general which is very bullish for the USD, and with a good risk reward ratio i am confident it is a good trade to take. What...
Price has just rebounded on the 93.30 area to the 93.76 area which is an important resistance zone. Looking to be bullish from there to the 97.20 to 98.00 which is our next resistance area. lets see how it plays out during the next week. Trade with car
After the consolidation in the form of a downwards sloping wedge that created a abcde (five wave corrective structure) The breaking and retesting the resistance we are ready for another upwards move. Trade with care.