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USDCAD IDEA...USDCAD, as we're in an overall downtrend, and now the market managed to make an H&S on strong resistance, we might see a possible drop from now, but the pair could fluctuate around the current zone! Let's be patient! Right now we have two option to open a trade right now or to wait for the market to reach a better price. Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
by tyleralee
EURUSD WATCHING 1.1380 Level.The euro currency continues to rally against the US dollar ahead of this evening's key interest rate decision from the US Federal Reserve. Technical analysis shows that gains above the 1.1380 resistance area could cause a strong upside rally towards the 1.1520 level. To the downside, a loss of the 1.1300 support level could cause traders to test back towards the 1.1240 level. The EURUSD pair is only bearish while trading below the 1.1240 level, key support is found at the 1.1200 and 1.1150 levels. The EURUSD pair is only bullish while trading above the 1.1240 level, key resistance is found at the 1.1380 and 1.1520 levels. Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
by tyleralee
GBPUSD 1.2075 SUPPORTThe British pound faces a pivotal trading week against the US dollar, with the pair desperately needing to bounce higher to avoid a drop below the 1.2000 level. Technical analysis shows that the 1.2075 level must hold to stop the GBPUSD slipping towards the 1.2000 level. Traders should note that an extremely large bullish reversal pattern will form this week if buyers can rally the GBPUSD pair towards the 1.2500 level. The GBPUSD pair is only bullish while trading above the 1.2200 level, key resistance is found at the 1.2300 and 1.2420 levels. The GBPUSD pair is only bearish while trading below the 1.2200 level, key support is found at the 1.2160 and 1.2070 levels. Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
by tyleralee
USDJPY BULLISH ABOVE 107.30The US dollar remains well-supported against the Japanese yen currency as traders continue to buy any dips towards the 107.00 level. Technical analysis shows that bulls need to defend the 107.30 level this week to keep the recent bullish bias in play. Traders should be aware that a breakout above the 108.00 level could cause a powerful rally in the USDJPY pair towards the 110.00 level. The USDJPY pair is only bullish while trading above the 107.30 level, key resistance is found at the 108.30 and 109.00 levels The USDJPY pair is only bearish while trading below the 107.30 level, key support is found at the 106.90 and 106.03 levels. Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
by tyleralee