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The FX pair AUDUSD is in a uptrend. Waiting for the price to bounce from the trendline to go long.
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair is in the end of a downtrend and the decelerating phase is still in progress. This means after a correction it is ok to expect another downswing. The only question when does it ok to look for it. Also the correction begin to grow for a bigger size. This can give good Long positions. But right now the market in a strong resistance level. And we have to wait and look what it will form. The two option is drown.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
Today ADP Employment change news exceeded expectations at 200K with a previous consensus of 195K, for a +5K increase in the number of employed people in the US, after the reading came out USD bulls dropped the pair until 1.1183 (Today’s low). At this level the pair reached oversold levels on M15, M30 and H1 charts as well as falling outside the lower Bollinger band on H1 indicating a short term correction can occur soon. Waited for 3 white soldiers on the M5 charts to confirm further movement to the upside.
The production of the bulk tea major company, Mcleod Russel, during the period from April to June was 218 lakh kgs, which was higher by 9 lakh kgs as compared to the last year data of production. During the same period, last year company produced 209 lakh kgs. However, the company reported the loss of Rs 17.34 crore for the first quarter. The net loss of the company last year during the same period was Rs 28.71 crore. The tea production in India has gone down by 9 million kgs as compared to the last year data. Whereas, the tea production in African region has gone up by 60 million kgs as compared to last year. On the other hand, the staff cost rose by Rs 27 crore in the same quarter as the wages in tea estates are revised.
Read More @ mcrworld.com/mcleod-russel-india-quarter/
EURAUD is approaching a conjunction of an H4 Uptrend support line and horizontal level (S1).
We expect a Bullish reaction here to R1 and R2 in extension.
#euraud #forex #fxtrading #investing #traders #fxtraders #trading #fx
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The pair entered a downwards trend for the day. This was confirmed when the price fell below the previous support at 0.72822. I initiated a short position anticipating this move just a few minutes earlier. Stop loss is the previous HIGH at 0.73 and target is the next support on the way down to 0.7264.
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #forexsignals #fx
Black lines are high and low swing points for the last 2 weeks for gbpusd. Current candle is making a PIN bar on Support turned Resistance, last week’s low. If price ends below and PIN bar enter 1:1 ratio 15 pips.
#gbpusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair is close to the end of the downtrend and the decelerating phase is in progress. This means after the ongoing correction it is ok to expect short down moves. The question is still when does the existing correction ends or does it ended already..? But currently it doesn’t matter that the market already in the new down move or still in the corrections downswing, it is moving down. This means SHORT position can be taken with the minimum TP of S1. At that point the market will decide that it will from a much more corrective structure or keeps moving down.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
- At Pivot, price consolidated and recover. Go Long at this level. SL at 1.1315. TP at R2
- Or, at S2, price broke through strongly. Short at this level. SL at 1.1335. TP at S3
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The price of Asset shown herein is inclined to ascend @ N.Y session. Position: Up @ N.Y session. Trade details are as shown on chart herein for a Risk to Reward Ratio that sums to around 1:2
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The price of Asset shown herein is inclined to ascend @ N.Y session. Position: Up @ N.Y session.
Trade details are as shown on chart herein for a Risk to Reward Ratio that sums to around 1:1
#euruad #forex #fxtrading #investing #traders #fxtraders #trading #fx
My thoughts are contained on the chart above.
Basically it’s await and see.
If we bounce off 1.5088 a typical GBP response would be strong and powerful back towards 1.5285 region at least. A break lower a move towards 1.4000 is opened up
#gbpusd #forex #fxtrading #investing #traders #fxtraders #fx
USDJPY continues trading in range. Price is retesting resistance at the 120.22-28 area. In the event that values of resistance hold,
it raises the possibility of prices returning to values of support. Alternatively a breakout above 120.28 would signal an end to current range market
#usdjpy #forex #fxtrading #investing #traders #trading #fxtraders #fx
Trying to trade the fundamental news, as today Mr. Draghi is giving a speech regarding the current economic conditions in the Eurozone, and explaining the main ECB steps to take in order to regulate the current economic recovery. Initially Draghi started with a dovish tone stating that the expected economic growth in the EU has not been achieved, and that policy will remain accommodative while lower energy prices should sustain the recovery.
- At Pivot, price consolidated and recover. Go Long at this level. SL at 118.90. TP at R2
#usdjpy #tforex #fxtrading #investing #foorexsignals #traders #fxtraders #fx
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The fx pair is close to the end of the downtrend and the decelerating phase is in progress. This means after the ongoing correction it is ok to expect short down moves. The question is still when does the existing correction ends or does it ended already..? But currently it doesn’t matter that the market already in the new down move or still in the corrections downswing, it is moving down. This means SHORT position can be taken with the minimum TP of S1. At that point the market will decide that it will from a much more corrective structure or keeps moving down.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
USDCAD is in a H1 range between 1.39 and 1.40 since 5 days and stranded under a bearish trend line.
We expect a bullish extraction of prices from this figures. SL under S1 and TP under R1.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
Price action signifies the movement of a security’s price plotted over time. This movement is formed in accordance with the changes in price in recent past. To know more about price action trading and technical analysis, visit www.aspirenowglobal.com/ta
On the above chart we can clearly see a good combination of the first resistance level along with trend-lines. We notice a brake of the price beneath the trend-line which is a good suggestion that the price will move on a downward pattern.
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The US Dollar may be readying to turn higher against the Yen as prices carve out a channel chart formation. A break above 121.5 expose the level at 122.
#usdjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
GBPUSD has attempted to breakout this morning. The next upside level of interest would be at 1.5360. Failure to maintain 1.5315, would negate short term bullish considerations. We are at risk for a turn lower with a break of 1.5310
#gbpusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
USDJPY continues trading in range. Price is retesting resistance at 121. In the event that values of resistance hold,
it raises the possibility of prices returning to values of support. Alternatively a breakout above 121 would signal an end to current range market.
#usdjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
GBP/USD is in a wider range between 1.5105 and 1.5235 and it looks like it is forming some kind of a double bottom reversal pattern near the support area. Therefore, I recommend buying it with a stop below the latest low and a TP target near the top of the range, at approximately 1 : 3 Risk : Reward Ratio.
#gbpusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
Bearish cypher pattern with completion at major resistance level.
#usdjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
Long positions above 1.541 with targets @ 1.5465 & 1.551 in extension. The next resistances are at 1.5465 and then at 1.551. Alternative scenario: Below 1.541 look for further downside with 1.537 & 1.5325 as targets. #gbpusd #forex #fxtrading #investing #traders #fxtraders #trading #forexsignals #f
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At Pivot, price weakening. Short at this level. SL at 1.1380. TP at S2
#eurusd #forex #fxtrading #forexsignals #investing #traders #fxtraders #trading #fx
The pair is in an uptrend move, and as shown in the 1Hour Chart on the left, is touching on a Valid (3-Touches) trend line. Since the price retraced to 50% Fibonacci level and touched on the trend line, I expect the price to ascend and continue the upwards move above the 0.73 level. Entry point is 0.7295 and stop loss is below the 0.7280 support level.
#audusd #forex #fxtrading #forexsignals #investing #traders #fxtraders
USDCAD has bounce back from the trend line at 1.3000 levels. This can be a potential move higher up towards 1.3080 levels or 1.3134 levels.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
The Cisco Systems, which is brand name in field of hardware, will be cutting 20 percent of the global workforce of network equipment maker. California based grand company, Cisco will be firing 14,000 employees within next few weeks as per the sources. The reason for this announcement of cutting down the work force is the transition of the company from hardware roots to a software centric organization. As per the record, company is having more than 70,000 employees as of April 30. The company is acquiring different skill sets in order to make bright future in software. The company had offered many early retirement package plans to employees of Cisco.
Read More @ mcrworld.com/cisco-firing-employees/
USD/JPY is in a strong resistance area on H4 chart and forming a potential Head & Shoulders reversal pattern on M5. If a pattern gets completed with downturn of the price and formation of a right shoulder, I recommend shorting at the break of the neckline at S1. Trade should give us at least a 1:2 R:R or more.
#usdjpy #forex #fxtrading #investing #traders #fxtraders#trading #fx
USD may be readying to turn higher against the Yen as prices trace out a wedge formation. Waiting for a break above 120.40 to start looking higher again.
#euraud #forex #fxtrading #investing #traders #fxtraders #trading #fx
At Pivot, price weakening. Short at this level. SL at 121.10. TP at S2
#usdjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
At Pivot, price weakening. Short at this level. SL at 186.00. TP at S2 #gbpjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
Looking for the retrace up into the 50% fib and 100 MA with better expected news coming out of the US should continue AUD in its downward trend
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
Selling EUR/USD, the pair has been reached a peak today at 1.1309, and the technical indicators RSI and Stochastic have reached overbought conditions on M15, M30 an H1, as well price action has gone outside upper Bollinger band until H1 charts, and it seems as room for the upside is already limited with a correction standing by soon. As well the 1.1300/20 zone is eyed by many as a potential selling zone,
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
USD/CAD is likely to re-test its latest low after a preceding downtrend and possibly continue lower, or maybe establish a range in this area.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
We can see that we have a correction after the new high some days ago with a very strong resistance at 0, 7630 which was retested to go down. We go short at 0, 7625, setting a take profit above our first resistance and our uptrend trend line to 0, 7585 and our stop loss well above our support at 0, 7650
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
Selling EUR/USD, as the pair has reached today´s low at 1.1369 after unexpected good readings from the US Consumer Price Index came out beating expectation at 0.2%. RSI and stochastic have reached oversold levels across M15, M30 and H1, and a limited correction to the upside may occur soon.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx