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AUD/JPY Technical Analysis.

AUD/JPY Technical Analysis.

by | Mar 31, 2020 | AUDJPY, Forex Trade Ideas

Currently, AUD/JPY is trading at 66.14, consolidating in the same range. Last week this pair started its uptrend and after rebounding from its resistance level , it is trading in a sideways direction. If it breaks support at 65.28, pair may enter into a new downtrend...
GBPCAD Trade For Long Side For Shorter Time

GBPCAD Trade For Long Side For Shorter Time

by | Mar 31, 2020 | Forex Trade Ideas, GBPCAD

GBPCAD has respected the Fibonacci retracement levels in the past very well as you can see it from the chart also from the current level it has to take the support at a 61% level. GBPCAD is also trading in rising wedge pattern. Long side trade can be initiate for a...
NZDUSD at Trend Line Support Level.

NZDUSD at Trend Line Support Level.

by | Mar 31, 2020 | Forex Trade Ideas, NZDUSD

NZDUSD has given a good break out from the Ascending Triangle Pattern which has formed at the bottom, as you can see in chart. Also it continues to take support of the trendline from bottom. Now if the pair takes support at trendline we might see more upside...
EURGBP For Short Side Trade.

EURGBP For Short Side Trade.

by | Mar 31, 2020 | EURGBP, Forex Trade Ideas

EURGBP was taking the trendline support ever since it has formed bottom, as you can see in chart. Once EURGBP reaches the top (refer chart), it reversed downside and it has broken its trendline support as well. Now the pair is trading in a falling wedge pattern as you...
AUDUSD at Breakout Point Of Rising Wedge.

AUDUSD at Breakout Point Of Rising Wedge.

by | Mar 31, 2020 | AUDUSD, Forex Trade Ideas

AUDUSD is trading in a rising wedge and range is getting narrower and narrower as you can see on the chart also it has given 50% Fibonacci retracement from its bottom, it will no surprise if it gives a breakout on downside. One can only trade for long term...