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Analysis on EURUSD

Analysis on EURUSD

by | May 25, 2020 | EURUSD, Forex Trade Ideas

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, the price is currently at the trendline so one should wait. The price might...
USDCHF At Resistance Of Channel Pattern

USDCHF At Resistance Of Channel Pattern

by | May 22, 2020 | Forex Trade Ideas, USDCHF

USDCHF is trading in channel pattern within the support and resistance level as you can see in the chart. We think it might continue to trade in channel pattern till price reaches a support level of long term consolidation trend. One can initiate the trade for the...
GBP/AUD Technical Analysis.

GBP/AUD Technical Analysis.

by | May 21, 2020 | Forex Trade Ideas, GBPAUD

Currently, GBP/AUD is trading at 1.8610. The pair is trading in a descending resistance and support wedges . It started a down trend on 6th April and are still following the same trend. If it breaks the resistance level at 1.8797 then the pair may start a new up...
EUR/JPY Technical Analysis.

EUR/JPY Technical Analysis.

by | May 21, 2020 | EURJPY, Forex Trade Ideas

Currently, EUR/JPY is trading at 117.87. The pair started a new up trend after breaking resistance level at 116.21. The pair was trading in a descending wedge pattern before starting a new up trend. The price is now moving towards its first target, which is at 119.15....
GBPUSD In Consolidation Range.

GBPUSD In Consolidation Range.

by | May 21, 2020 | Forex Trade Ideas, GBPUSD

GBPUSD was trading in downside parallel channel pattern, after forming the bottom, it has given a breakout from the channel pattern. We think that price may consolidate until it breaks the resistance line, as shown in the chart because it has immediately tested the...
EURJPY Breakout of Channel Pattern

EURJPY Breakout of Channel Pattern

by | May 21, 2020 | EURJPY, Forex Trade Ideas

EURJPY has given a breakout from channel pattern. if it move upward from current level we might see price move toward the resistance line. one can take long trade from current level by keeping stop loss just below resistance line of channel pattern. but if it failed...