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EURUSD Trading at Crucial Support Level

EURUSD Trading at Crucial Support Level

by | Apr 15, 2020 | EURUSD, Forex Trade Ideas

EURUSD was trading in a rising wedge , also it has breakout from long term symmetrical triangle on the upside. It was trading at the support line of the rising wedge , which was a crucial support line, as it breaks the support line of the rising wedge we might see...
GBPAUD Breakout From Expanding Wedge.

GBPAUD Breakout From Expanding Wedge.

by | Apr 14, 2020 | Forex Trade Ideas, GBPAUD

GBPAUD was trading in expanding wedge , but it has breakout from the pattern on the downside. Considering expanding wedge a breakout on downside our first target on downside support line 1 and target 2 is support line 2 . One can trade on the short side from the...
EURCHF Trade For Short Side

EURCHF Trade For Short Side

by | Apr 14, 2020 | EURCHF, Forex Trade Ideas

EURCHF is trading in channel pattern. Also, it is forming a descending triangle pattern within the channel pattern as the descending channel pattern suggests a downtrend may be continued. Our first target on the downside for eurchf , if it breaks on down-side it will...
NZDJPY Sell For Shorter Time.

NZDJPY Sell For Shorter Time.

by | Apr 14, 2020 | Forex Trade Ideas, NZDJPY

NZDJPY is trading at a pretty strong resistance zone . So, we might see some correction on the downside towards the trend line . One can trade on the short side for a shorter time frame. If a pair comes on the downside, the target will be trendline support....
NZDUSD Trend Continuation In Channel Pattern

NZDUSD Trend Continuation In Channel Pattern

by | Apr 14, 2020 | Forex Trade Ideas, NZDUSD

NZDUSD is trading in channel pattern. it may continue its trend channel pattern. If it breaks the channel pattern on either side, we might see small profit booking as pair already given a price rally. So, we might see consolidation in price at resistance or support...