by Rishikesh Lilawat | Apr 7, 2020 | Forex Trade Ideas, USDCHF
Currently, USD/CHF is trading at 0.9687. On Monday, April 7 this pair started trading in downtrend after breaking its support level at 0.9762. The price is now moving towards its next support and first target at 0.9648. If it breaks next support at 0.9648 then it may...
by Rishikesh Lilawat | Apr 7, 2020 | EURJPY, Forex Trade Ideas
Currently, EUR/JPY is trading at 118.60. From the last week, this pair is trading in uptrend and making a higher-high and lower-low pattern. The price is about to break its resistance level at 118.10. If it breaks the level of resistance at 118.10, it may enter into a...
by Rishikesh Lilawat | Apr 7, 2020 | Forex Trade Ideas, GBPUSD
Currently, GBP/USD is trading at 1.2324. From the last week, this pair is consolidating in the resistance and support wedges . Its resistance and support levels are at 1.2481 and 1.2162. If it breaks the level of support at 1.2162, it may enter into a downtrend and...
by Vivek | Apr 7, 2020 | Forex Trade Ideas, USDCAD
USDCAD is forming a descending triangle pattern at the top which indicates the trend reversal. Also, it is trading in channel pattern on the downside if USDCAD break from descending triangle pattern we might see a further downside in the USDCAD towards the support...
by Vivek | Apr 7, 2020 | EURJPY, Forex Trade Ideas
EURJPY is trading in the rising wedge as it is also trading a 50% level of Fibonacci retracement level as we can see EURJPY may see a little correction on the downside before going in upside direction. As long term trend is on the upside, one can trade on the long...
by Ryan Lopes | Apr 7, 2020 | Forex Trade Ideas, GBPAUD
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that there is an inverted cup and handle chart pattern. Cup has been formed if...
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