The EUR/NZD long term downtrend should be expected to continue, along with many correlated pairs, such as CHF/AUD, CHF/NZD, and EUR/AUD. This Monday these pairs could have touched key resistance levels and as long as they hold price should move lower. On the EUR/NZD, this price was 1.7507, and as long as pair trading below, […]
The EUR/AUD pair seems to have entered a consolidation phase because the price is currently within the 1.6260 – 1.6330 range. Although considering the current price action, the probability is in favor of a downside move, which might occur within 48 hours. Disclaimer: The analysis presented in this article is for educational purposes only […]
Overall EUR weakness might start pulling EUR/GBP down, which should be a short to the medium-term price drop. Current rejection of the Fibonacci resistance as well as Moving Averages just confirms bearish domination. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This […]
Overall, the EUR is starting to look weak across the board, which might not only affect the EUR/JPY but other EUR related currency pairs. The long term trend remains bearish, and while the price might not produce a new lower low, stong pull back down should be expected. Disclaimer: The analysis presented in this […]
In order to meet the 1:2 risk/reward ratio, the price must move lower, where the ideal entry price could be located between the 0.9300 psychological level and 0.9340. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis was done on MetaTrader […]
Any move to the downside should be considered as a better buying opportunity in the short term. This is because there were no indications of a potential trend reversal, while the upturn should be expected to continue. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered […]
Overall, the Swiss Franc is starting to look weak across the board, and the very first pair to reflect this, could be CHF/JPY. While the trade opportunity is relatively short term, the downtrend could actually last quite long. Disclaimer: The analysis presented in this article is for educational purposes only and should not be […]
The GBP/CAD currency pair has no clear trend while looking at the Weekly chart. On the Weekly range, price recently could have tested the bottom, which could have initiated yet another upswing. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis […]
While the price is at the top of the range, and showing signs of weakness, the selling opportunity could be the priority in the short to medium term. In fact, the support could be reached as soon as within 24 hours. Disclaimer: The analysis presented in this article is for educational purposes only and […]
After a strong downside move, the pair might need some rest, and 24 hours of consolidation can be expected. During this time the selling opportunity might remain open. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis was done on MetaTrader […]
