GPBAUD – Pound/Aussie Long triangle breakout 1.7010, with stop loss 1.6900 and first target 1.7300 GBPJPY – Pound/Yen Wait for pull back to enter long. We will wait for price action signal in that support area
AUDUSD – Aussie/Dollar On 10 August we mentioned and discuss in detail AudUsd, that was trading on the big channel resistance of 2013. We shorted the AudUsd on that big resistance line (currently 105 pips in the profit). Below see the 4 hourly chart, note the big Triangle that formed since May 2016 (two red […]
The GBPUSD has gone through a big pullback the last 2 days. GbpUsd formed a head and shoulder pattern, and tested the breakout once and today we might see another test to the neckline. We will be looking for 1 hourly and 4 hourly buy signals today in that support area.We will update our PRO Members of […]
The EURUSD rallied today but prices are still below resistance at 1.1250area. Today will be ECB press conference (news), we don’t trade the news but we will definitely take note of it. We’ve seen this trap into ECB before. Basically, EURUSD looks like it is headed higher but then takes out the lows (see December […]
As discussed in our weekly forecast, we are still looking for a major low before we will be buying EurUsd for the next big swing. EurUsd formed another bearish pin on the daily graph, today we should see the price drifting lower to our support zone. We will watch for potential buy signal in that […]
Forex Signals USD CAD The rebound from 1.2910 keeps me looking higher towards the 1.3295-1.3325 zone. Near term support is estimated near 1.2990. 1.3120s may provide interim resistance. Remember to trade with good risk reward ratio Learn Forex, Daily Analysis and Forex Education in no time. More about Trading Signals Forex Bamboo Growth: USD CAD Market […]
As discussed last week, AudNzd formed a bullish pin at support. On Friday an inside bar formed (See chart for entry, stop loss and take profit levels). AudNzd trading around year open price, which is a great reference point.
As discussed last week, AudUsd needs to make one more low before a MAJOR low is in place. A Bounce is due and we will watch for buy price action signals in that green circle (between 0.7100 and 0.7060) on the daily or 4 hourly graphs this week. Near term resistance around 0.7400.
We were Bearish since the bearish pin on the daily graph (Beginning of May), but this week we will look for a bounce at near term support (1.1050/70). We will be watching for buy price action signals on the 1 hourly and 4 hourly graphs above that support for the next big swing.
Similar to the UsdJpy, GbpJpy is setting up for a breakout attempt. Head and shoulder pattern on daily chart, GbpJpy formed a fakey setup on the daily graph, resistance (neckline) at 162.50, and support for this week at 160.00. See chart for buy entry point and stop loss