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EURUSD - Next bullish leg may possibly begins from 1.2072 Here we are on Euro/Dollar daily chart and as we discussed in our last analysis that this market has broken through weekly/monthly resistance swing level which is nearly at 1.2072. Price had closed very aggressively above it and we are waiting for this market to rotate towards our (value area) new support 1.2072 to begin new bullish leg from there. We have good confluence factors here which is support our trade scenario, such as Bullish trend, dynamic support layers 20/10 ema's and static value area. Just wait for price to approach this value area and print any of the bullish confirmation signals here. safe trading everyone!
Long
by HashamARehman
Pound/Dollar has pulled back towards trend line and level 1.3337Here we are on Pound/Dollar daily chart and we can see price is drifting higher formed new high and now market has pulled back towards trend line and horizontal support level 1.3337, We have clear bullish tailed bar (which is also acting as engulfing bar) false break horizontal support area. We will be getting long on this market as we have good confluence factors putting weight behind this trading scenario such as trend, horizontal level, trend line and dynamic support layer 20/10 ema's came just below it and tailed bar buy signal itself. good trading!
Long
by HashamARehman
Gold remains buoyant above support barriers 1267.08 / 1260.37As we can see this market had pulled back towards support zone near 1267.08 / 1260.37 and on last daily session we have seen it has printed bullish fakey setup. If we look at Weekly chart we can observe that this market is in long term bullish trend. We will be interested to buy this market. On the other side if this market break through that support zones then our bullish view will be flipped to bearish. safe trading!
FX:XAUUSDLong
by HashamARehman
EURJPY is rejecting important support barrier 131.685 once againHere we are on Euro/Yen daily chart and as we can see this market had shown many rejection on the important support barrier 131.685 and today it has rejected the same support level along with the false breaking pin bar which is in progress. we would wait for the daily session close and be interested to get longs from this signal. we have trend, level and this signal (which is in formation) to play as confluence factors behind our trade setup. good trading!
Long
by HashamARehman
6
KIWI/DOLLAR is pulling back towards continuation level 0.6885.As we can see Kiwi/Dollar on daily chart is in bearish bias and now market is pulling back once again toward near term daily resistance level 0.6885 which may lead price to continue its main dominant trend which is bearish. We would wait for price to react on this level and look for sell signal there. We have good confluence factors lining up here with this trading scenario such as bearish trend, near term daily level, 20 ema just above the price and Fibonacci retracement level 50-60%. good trading!
by HashamARehman
2
AUSSIE DOLLAR/YEN is approaching near key level 85.67Here we are on Aussie Dollar/Yen daily chart, as we can see this market is in down trend and after breaking down side of short descending channel it has broken the key level 85.67 as well. After last daily session closing we can see market is rotating back towards the same key level. In this scenario we will be waiting with patience on this market to approach at that level and print sell signals there to get in shorts. Confluence factors that put weights behind this trade scenario are Bearish trend, Key level and signal itself. good trading!
Short
by HashamARehman
USDCHF has pulled back decently to retest buyers zone at 0.9835Here we are on Dollar/Swiss Franc daily chart, As we can see this market has been pulled back towards its old resistance / new support which is nearly at 0.9835. If this market holds this level as new support (buyers zone). we will be waiting for market to test on this level and print bullish signals having good confluence factors in our hands such as new trend that has made new Higher High in past, Horizontal support (new) level 0.9835 which is neary by and 50 ema dynamic support layer's retracement just close enough to that horizontal support level. Safe trading!
Long
by HashamARehman
AUDGBP near-term LONGAUDGBP has found some support (demand) at the psychological level of 0.50000. It seems that the demand zone is in control, driving prices higher and invalidating previous resistance (supply). As prices fall back to intermediate demand zones, long trades can be initiated for intra-day traders while position traders may add to positions or adjust positions. AUDGBP will eventually head back to 0.50000 where I expect a big rally. For now, quick trades are preferred for me. I'd look to go long at the moment as prices are so close to major demand.
Long
by UnknownUnicorn157651