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GBP/JPY Technical Analysis.

GBP/JPY Technical Analysis.

by | Apr 27, 2020 | Forex Trade Ideas, GBPJPY

Currently, GBP/JPY is trading at 133.15. The pair started a sideways trend on 12 April after rebounding from the resistance level and now the price is consolidating in the resistance and support wedges . If the price breaks the resistance level at 135.45, then it may...
EUR/USD Technical Analysis.

EUR/USD Technical Analysis.

by | Apr 27, 2020 | EURUSD, Forex Trade Ideas

Currently, EUR/USD is trading at 1.0816. The pair started trading in uptrend after breaching resistance on 27 April, and now they are moving towards neckline. If the price breaks its neckline at 1.0873, then it may start a strong uptrend and can touch the...
USDCAD Trade On Short Side.

USDCAD Trade On Short Side.

by | Apr 27, 2020 | Forex Trade Ideas, USDCAD

USDCAD has given a good breakout from falling trendline from its top. Now it is trading in channel pattern, as you can see in the chart. Within the channel pattern, it is forming head and shoulder pattern, which is a trend reversal pattern, so we might think it will...
USDJPY Bearish Pattern.

USDJPY Bearish Pattern.

by | Apr 27, 2020 | Forex Trade Ideas, USDJPY

USDJPY is trading in the Descending Triangle pattern. If it breaks out from the descending triangle pattern, we might see further downside on USDJPY towards support line 1. One can initiate the trade on USDJPY on the breakout of the Descending Triangle pattern only....
EURUSD On Down Slide Path.

EURUSD On Down Slide Path.

by | Apr 27, 2020 | EURUSD, Forex Trade Ideas

EURUSD is trading in a falling wedge pattern in a bigger trend, within the falling wedge , it is also trading in channel pattern. We might see more downside in EURUSD from the current level. As we can see, the falling wedge resistance line and parallel...
EURUSD AT A CRUCIAL POINT

EURUSD AT A CRUCIAL POINT

by | Apr 26, 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 pair is at the resistance point. One should wait for confirmation. Let us...