This morning we are looking at a buying opportunity for GBPCHF, our trader Ollie has taken a look at why this could be a potential set up. Weekly After 9 months of selling, price finally broke above the descending trend line printing a huge bullish engulfing candle and closed above the 50ma with force. You...Read More
Join us as traders Kane & Atif look at various trades involving the US Dollar. Atif takes a look at what we expect to see from USD in April as we take a look at seasonal historic data. Kane takes us through our trade of week GBP/AUD which we called to our members and the...Read More
USDCAD Price eventually held above the Weekly trendline and shot up right at the end of the last week forming a 4HR triple bottom reversal and a Daily inverted H&S. Look for buy trades on smaller time frames with safer entries above 1.3330. USDCAD – Daily Chart USDCAD – 4HR Chart On an...Read More
I have been doing some analysis on this pair this morning and we are back to the 1.7500 level. As you can see the zone i have drawn we have had 9 rejections to me that shows this pair is at a strong resistance level. We can also see a double top forming which we...Read More
Good morning all, This morning we are looking at DXY & EURUSD, lets see what our traders think DXY Following the release of Fed minutes, we saw buyers come back in and price started consolidating with no real momentum either way for the rest of the week. Planning ahead – the assumption we are going...Read More
Good Morning Traders, We are looking at GBPUSD, NZDUSD, AUDUSD & USDCAD today as we end the week. GBPUSD Price has hovered around that weekly trend line area for the past two days. Should dollar move higher than we’ll see price drop from here and form a lower high. Safer to wait for the break...Read More
Afternoon traders, USD/JPY is on our watchlist. Price action has formed a bullish pennant. Testing resistance we are waiting for the bullish breakout. An aggressive entry would be a buy stop above the current high once the bar has closed. A conservative approach would be when price breakouts out of the pennant (as seen in...Read More
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