Long-term CHF/JPY trend remains very bearish, the current rejection of the 200 MAs on the 4H chart could be the starting point of yet another wave to the downside. It could be a small move down, but only if the 109.86 support is rejected. But, if this level is broken, this could be the confirmation […]
The long term EUR/GBP price action is getting extremely bearish, especially after the breakout of 200-period moving averages. Today is Friday and perhaps not the best day to initiate a long term sell trade. Although Monday could be the perfect timing for that because we could also confirm that the daily closing price will be […]
On the 4H chart, we can see a strong support at 1.2416, and if the current 4H candle will fail to close below this level, GBP/USD should be expected to produce a strong move to the upside. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered […]
CAD/JPY is providing an interesting selling opportunity while the price is between 76.30 – 76.50. If this area will hold, CAD/JPY is expected to drop towards 75.55 support level confirmed by two Fibonacci levels. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. […]
The trend remains bearish as pair still fails to produce higher highs and higher lows. While the price is trading at the resistance, it could provide a good risk/reward selling opportunity in the short term. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial […]
The clean bounce off the trendline and 200 EMA is definitely worth the attention for shorting. In addition a very clean ABC corrective move up. Perhaps the short trade setup could not get any better. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial […]
Recent rejection of the 0.9692 resistance level could be providing a selling opportunity. Therefore as long as there is no daily closing price above 0.9724, USD/CHF is likely to initiate yet another move to the downside. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as […]
The bias is bullish while the daily closing price remains above the recent low at 110.85. There are multiple signs that trend is about to turn bullish on short and medium timeframes. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis […]
The bias is strongly bullish while the price remains above 0.8434, where 200 EMA was rejected on 1H chart. 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 4. Click below to open a Free Demo Account […]
The bias remains bearish, although the correction to the upside can be expected. Break and close above the 61.8% Fibs on the 30M chart is needed for such a scenario. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis was done […]
