Search results

Signal USDCHF Closed at @0.90366 with 37 Pips profit.

EUR/CHF Technical Analysis ~~ The counter has formed a dragon pattern. ~~ In a downtrend, it made a 38% retracement from the low and then rendered a false breakout. ~~ Further, it is on the verge of breaking out the trendline (a break validates it). ~~ Hence, we advise traders to be long in the...

Date: 05.11.2020 Pair: USDCHF Action: SELL Open Price: 0.90743 Target Price: 0.90000 Stop Loss: 0.91400 New Sell Order Placed @0.90000

USD/CAD Wave Analysis ~~ The counter has been consolidating in a sideways correction for the last few days. ~~ It could be interpreted as an ABC correction and the recent down move as wave B ~~ We expect the pair to find support in this zone head higher.

EUR/USD Wave Analysis ~~ The counter had completed its long-term wave 4 with an ABC correction. ~~ It had bounced off from the lows strongly by crossing the resistance at 1.1706. ~~ Further, if the price sustains at a higher level for the day, it could be interpreted as a morning star...

EUR/GBP Technical Analysis ~~ The upside movement of the pair is capped by a bearish trendline. ~~ It attempted a breakout but fizzled out and the price action has formed an H&S pattern instead. ~~ Hence, we expect the pair to be bearish in the near-term.

Date: 30.10.2020 Pair: AUDUSD Action: BUY Open Price: 0.70634 Target Price: 0.71500 Stop Loss: 0.69900 New Buy Order Placed @0.70634

AUD/JPY Wave Analysis ~~The counter is currently in a long-term corrective ABC structure. ~~ It has completed wave A and is consolidating in a box structure at the low. ~~ We expect it to break upside and move to form wave B.

Signal USDCAD closed at 1.32600 with 36 Pips profit and AUDUSD at 0.70513 with 43 Pips profit.

EUR/USD Technical Analysis ~~ As we suggested earlier the counter is in an ABC correction and pushed down at the resistance zone. ~~Now, the bearish flag formation has also broken down, validating the wave C. ~~ Hence, we expect the pair to be bearish in the short-term.

Date: 29.10.2020 Pair: USDCAD Action: BUY Open Price: 1.33279 Target Price: 1.33900 Stop Loss: 1.32600 New Buy Order Placed @1.33279

NZD/USD Technical Analysis ~~The counter was in a consolidation phase after a solid down move. ~~ The consolidation resembles a bearish flag pattern. ~~ Further, the entire setup could be interpreted as a head and shoulder pattern. ~~ Hence, we expect the pair to be bearish in the near-term.

Date: 28.10.2020 Pair: AUDUSD Action: SELL Open Price: 0.70952 Target Price: 0.70300 Stop Loss: 0.71500 New Sell Order Placed @0.70952

CHF/JPY Wave Analysis ~~ After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase. ~~ It is now at a strong price action support zone and at the final stage of wave A. ~~ Hence, we expect the pair to be bullish in the near-term.

Signal USDCAD Closed at 1.32128 with 34 Pips profit.

USD/CAD Technical Analysis ~~ The counter has bounced off strongly from the support 1.31, after trapping the bears with a fakeout. ~~ Now, it has taken down a bearish trendline as well. ~~Hence, we expect the pair to be bullish in the short-term.

Date: 26.10.2020 Pair: USDCAD Action: BUY Open Price: 1.31783 Target Price: 1.32800 Stop Loss: 1.31000 New Buy Order Placed @1.31783

AUD/CHF Wave Analysis ~~ After completing a bearish cycle, the counter is limping up to complete ABC correction. ~~ It is forming a wave A in the form of a bearish flag. ~~ We expect it to render a bearish breakout to form wave B.

Date: 23.10.2020 Pair: NZDUSD Action: BUY Open Price: 0.66982 Target Price: 0.67500 Stop Loss: 0.66500 New Buy Order Placed @0.66982

EUR/USD Technical Analysis ~~ As we mentioned in our previous post, 1.18700 is a strong resistance for EUR/USD. ~~ Now, it has formed a head and shoulder pattern at the zone and is coming down strongly. ~~ The next support is only at 1.17500 and we expect a free ride to bears till then.