Dear Traders, The AUD/USD has been ranging between historical levels of S/R. Those are represented by the blue lines on the chart.
Hi traders, the EUR/USD made a bullish bounce at the previous bottom and 88.6% Fibonacci retracement level. The main question is whether price is building a bullish pullback in the
Dear Traders, The AUD/CHF has formed a bearish divergence. Price in now in an area of high confluence [W H4, +1/8, ATR H2], and [D H5, +2/8], with historical rejections
Dear Traders, The GBP/AUD has formed the POC zone between historical levels of resistance.1.8270-1.8300 is the place where we should look for short entries.
Hi Traders, the EUR/USD is testing last week’s weekly low and the 78.6-88.6% Fibonacci retracement levels. The GBP/USD also needs to either bounce or break the previous bottom at 1.26
Hi traders, the AUD/USD seems to be building a bear flag chart pattern at the previous bottoms (green lines). A bearish break could indicate a large downtrend continuation. For more
Dear Traders, The NZD/CAD has been in uptrend since last week. The bounce from short term key decision zone 2 days ago hints on bullish continuity. Today’s bearish move can
Dear Traders, The EUR/USD has formed a bullish divergence with price approaching an area of high confluence [D L3, W L4, 1/8], and [D L4, 0/8], with historical rejections from
Dear Traders, The GBP/USD has formed a form of inverted head and shoulders pattern on the H1 chart. Unless 1.2680 breaks, we will see a retest of lower camarilla pivots.
Hi traders, the USD/JPY is moving sideways, which seems to confirm a corrective wave 4 (green) pattern. Price is expected to move lower again after bouncing at the Fibonacci levels
Dear Traders, The EURCHF has been in a consistent downtrend since the beginning of March this year. The short-term dynamic resistance is shown by the trendline. Today’s bullish impulse can
Dear Traders, The CAD/JPY has formed a hidden bullish divergence straight at the D L5 // 1/8 octave confluence point, with historical rejections from key reaction zone 81.10-15 area. A
Dear Traders, The AUD/USD is getting close to a resistance cluster 0.6930-46. The price is still consolidating but we might see a rejection soon.
Hi Traders, the EUR/USD seems ready to finish a bullish ABC zigzag towards 1.125 unless price breaks and closes below 1.11. The GBP/USD downtrend is strong and expected to continue
Hi traders, the GBP/USD is showing a strong bearish impulse, which is typical for a wave 3 (green) pattern. Therefore the downtrend is expected to resume again after the current
Dear Traders, Last week was again a tough week to trade. Uncertainty regarding EU parliamentary elections and some new Brexit developments have led to mixed trading results. However, we had
Dear Traders, The USDCHF is facing resistance from historical cluster order blocks in the 1.0044-54 area as well as at 1.0070 key level.
Dear Traders, The EUR/NZD has been supported above the important level. 1.7055 is the W l3 and historical support pivot.
Hi traders, the EUR/USD made a bullish bounce at the previous bottom (blue line), which is indicating a double bottom reversal chart pattern. A continuation of the sideways range pattern
Hi Traders, the EUR/USD made a bullish bounce at 1.11, which seems to be confirming a double bottom at the support line of the falling wedge. The GBP/USD downtrend remains
Dear Traders, Forex trading is not just about winning trades… To stay on track, you need to accept losses too. This is main but also the most difficult lesson for
Dear Traders, Due to sanctions on Iran and Venezuela, attacks on Saudi- and UAE-owned oil tankers and US/China trade talks, the WTI had a big drop.
Hi traders, the EUR/AUD is in an uptrend channel but price action is approaching a key resistance trend line and Fibonacci targets. What’s next for the EUR/AUD? German DAX 30
Dear Traders, The GBP/CHF has formed a bearish zigzag which is very strong on both intraday and higher timeframes. The price looks determined to push towards lower support levels.
Hi Traders, the EUR/USD seems finally ready for a bearish breakout towards 1.11 and 1.1050 whereas the GBP/USD downtrend remains strong and could offer potential setups on the 15min time
Hi traders, the USD/JPY uptrend continues after breaking above the key resistance trend line (dotted red), which seems to be confirming the impulsive wave 3 pattern.
Dear Traders, After yesterday’s fakeout move caused by algo traders trading on the Brexit news, the GBP/JPY went exactly as planned.
Dear Traders, Another interesting week is behind us. Although the market conditions remain choppy, we were able to make some important conclusions. The biggest impression for me was the counter-trend
Hi Traders, the EUR/USD bounced at the 88.6% Fibonacci support at 1.1150 but price is now approaching the zone again. The GBP/USD remains bearish and seems ready for an immediate
Hi traders, the EUR/USD is either in a wave D-E of a larger triangle chart pattern or ready for an immediate bearish breakout within the larger downtrend.
Dear Traders, The POC zone shows a nice confluence between W H3 and Bearish order block. We might see a rejection if the price gets in the zone.
Hi traders, the German DAX 30 index managed to bounce at the key support support level (blue) and 50% Fibonacci retracement level of wave 4 vs 3, which is keeping
Hi Traders, the EUR/USD is trying to make a bearish breakout but price remains choppy. The GBP/USD, however, is showing massive bearish momentum and has offered 5 breakouts below patterns
Hi traders, The ATR was initially developed by J. Welles Wilder, who originally designed it for the commodity markets, but Forex traders also use it extensively. The ATR for Forex
Hi traders, the USD/JPY is building a larger bullish reversal after hitting the key support zone at 109. The bullish reaction is increasing the chance that price has indeed completed
Dear Traders, The POC zone shows a nice confluence between D H3 and D H4 Pivot Points. We might see a retracement before another drop.
Hi Traders, the EUR/USD made a bullish bounce at the 61.8% Fibonacci level which is confirming a triangle chart pattern. The GBP/USD had another bearish break and is in a
Hi traders, the GBP/USD managed to break below the previous bottom of wave 1 (blue) and is confirming a downtrend continuation.
Dear Traders, The GBP/USD has formed a bullish confluence at W L4 support which is additionally supported by historical buyers.
Hi traders, the EUR/USD remains indecisive after a bearish bounce at the resistance trend line (red) yesterday. Price could be building a larger ABCDE contracting triangle pattern (orange).
Dear Traders, The AUD/JPY has reached the final M L5 camarilla level so we might see a bounce in the form of a counter trend move.
Hi Traders, the EUR/USD could build a bearish reversal if price bounces at the head and shoulders level at 1.1250. The GBP/USD is looking for a downtrend continuation. If you
Hi traders, the German DAX 30 index is testing a critical support zone (blue lines) because price has made a retracement back to the top of wave 1 (purple). A
Dear Traders, This week’s weekly recap takes us on a wild roller coaster ride from discretionary calls to Bulgarian seminars and from new counter trend strategies to tough market conditions.
Dear Traders, The EUR/NZD has formed a bullish X cross exactly at 1.7070. We will see a breakout if the price breaks and closes above it.
Hi traders, the USD/JPY is yet again testing the previous bottom and its support zone (blue box), which is key decision zone for a bullish reversal (green arrows) or bearish
Hi Traders, the EUR/USD is moving sideways in a tight range, which could become a contracting triangle pattern unless price breaks on the daily chart above 1.12-1.1250 or below 1.1150-80.
Hi traders, the GBP/USD is testing the 61.8% Fibonacci retracement level of the wave 2 vs 1. Will the support zone be used for a bullish reversal or will the
Dear Traders, The WTI has formed a strong descending trend line indicating bearish pressure. However, there is an inverted Head and Shoulders pattern looming at support.
Hi Traders, the EUR/USD is moving sideways in a low volatile range and needs a breakout before a new trend might appear. The GBP/USD seems more interesting for a bearish
Hi traders, the EUR/USD is building a sideways correction which is indicated by the multiple support (blue) and resistance (red) trend lines. The EUR/USD is now waiting for a breakout
Hi traders, the XAU/USD bounced for the second time at the support trend line (blue) and is expanding the corrective price action. Price is now approaching a critical resistance trend
Dear Traders, The EUR/JPY has formed a black marubozu straight off the POC zone. We should see a further drop if the price remains capped below.
Hi Traders, the EUR/USD needs to break above 1.1325 or below 1.1150 before a trend is established. The GBP/USD bullish breakout remains questionable and needs a pullback first. If you
Hi traders, the USD/JPY is building a larger bearish correction as expected. More downside is expected as long as price stays below the resistance trend line (red).
Dear Traders, The week behind us was a bit nervous, but we managed to squeeze profits despite the generally slow and rangy market conditions. Today’s article explains the positive cammacd.MTF
Dear Traders, The AUD/USD has formed a bearish trend line and we can see how the price is reacting to each rally.
Hi traders, the GBP/USD showed strong bullish price action on Friday but it did not invalidate the wave 2 (blue) pattern as price failed to break above the 100% Fibonacci level.
Hi Traders, the EUR/USD and GBP/USD both showed strong bullish daily candles on Friday. Chris discusses how both pairs are likely to continue higher next week and how he will
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Dear Traders, The GBP/JPY has reached the POC zone so we might see a bounce. Bounce is possible only if the pair makes a bullish reversal formation.
Hi traders, the EUR/USD made a bearish bounce at the resistance trend line (red), which could confirm the potential wave 4 (green) pattern but this does depend on the price
Hi Traders, the US Dollar strength failed to continue and both EUR/USD and GBP/USD made strong gains despite the USD bullish break. The EUR/USD however is showing a reversal daily
Dear Traders, The WTI has formed a leaned head and shoulders pattern which is bearish below the POC zone.
Hi traders, the AUD/USD bearish price action is now challenging a critical support trend line (blue), which is a key decision zone for a potential bearish breakout with the downtrend.
Dear Traders, In the low volatility trading the EUR/USD has formed an ascending scallop pattern looking for more gains before the FED decision today.
Hi traders, the USD/JPY made a bearish bounce at the resistance trend line (red) before breaking for a new lower low. As long as price stays below the resistance trend