Only charts

Eurusd trimmed the  sharp fall after the FOMC and the fed raising the rates. The pair fell to 1.1730$ where it found support again and again and reversed the move sharply to trade currently at 1.1790$ . The pair broke above the falling trendline and maintains a bullish sentiment ahead of the ECB meeting tomorrow. It is recommended to buy on dips. However , follow for MY update tomorrow ahead of the ECB. A CORRELATED PAIR TO WATCH IS USD/JPY.

Tomorrow , Thursday , is the day you sell usdcad at whatever level you want. Probably at 1.3030-3130 , i know this is a big range , but it will pay off hugely . The fed raised and there is still scope for 2 more hikes this year. There will be some dollar strength of course today and tomorrow before we see a reversal Shortly , i will post a recommendation for trading usdjpy as well.

Usdjpy has finally found a very important support area which will recover from . The pair can find 200 daily moving average at 111.12¥ and it is very critical support area as shown below on the daily chart. The pair also can find support by trendline coming from 100¥ back in Novemeber before the surprising victory for MR....TRUMP Ok..that was it and I hope you get the idea and take your trading decisions wisely and enjoy profitable trading week.

Dear traders , Hope you are all having a profitable trading day , I would like to be sharing my technical analysis for GBPUSD as it is currently testing a very critical level. The pair advanced almost 300 pips from last week after making a low at 1.2110$ area. The pair is currently capped by a good trendline and will probably pullback to test 1.2280$ area again. It is advised to short the pair at current area 1.2420$ targeting 1.2280$ Quit this trade if the pair closes a 4h candle above 1.2440$ Wish I am helping you .. if you find this useful please leave a comment and share your ideas.

The pair has pulled back slighlty after rallying on friday on back of FBI investigating hillary clinton emails again. Euro rallied almost 60 pips after the news and pulledback to previous resiatance area at 1.0940$ The pair might be taregting 1.10$ as first target if that area holds. Stop loss would be on 1 hour close below 1.0940$ or 1.0920$ where trendline might lie and provide some support..

WTI (OIL) is currently facing a bearish trendline and trading below resistance at 51.07 on the 4h chart. It looks supported on the daily chart around 49.80$ and looking for further advances. However the bearish trendline and the horizontal resistance is putting alot of downward pressure . So , It is recommended that we wait for a 4h candle close above 51.07$ area. Or you can go short at this area and your stop loss should be on a 4h close above 51.07$. I am not decided on that trade , pickup any scenario , it is going to be profitable either way.

Here is an update regarding my previous recommendation to go long on platinum. I am still holding my positions and 2 below charts will explain why. On the daily chart , We have very critical support level at 927$ , So we might see a rebound here targeting 980$ and 1010$ and It will be explained using the 4h chart. we have 927$ playing as support many times on the daily chart going back to 23 sep 2015 and two times during feb 2016. On the 4h chart shown below , we have a trend line starting at 1200$ area and passing by many tops . we expect a rebound from 930$ till 983$ next week by 19/10 ...If trend line broken on that test , we will get to 1010$ area . If we didnt see a rebound by next week and test on 19/10 , we will see a test of trend line probably at 960$ area on 27-10

Palladium among the metals are losing their shine for second week in row. Palldium on the hourly chart as you can see in below chart has very strong resistance at 675$. A short trade has been intiated at this level and another position was added at 662$ ,which is going to be a very strong resistance days ahead . On weekly chart , we can find next support at 625$ area. So target for these short trades is 630$ Stop loss will be on close above 675$ . All of that has been technical move , however that made people think that us dollar is going to rule because of the supposed rate hike in december and us elections in novemeber. However , I predict that currencies and metals will make a come back and rule over dollar in thw fourth quarter.

The pair "usdjpy" has been on rally since yellen stated "the case for rate hike has strenghtened" , the pair rallied more than 350 pips since friday and it was supported by a trend line on the 1h chart. However the pair is currently testing the upper band of the downside channel. The pair has been in downtrend channel since january and is currently testing the channel up at 103.70-80¥. Trade recommendation : Short the pair at this point targeting 102.20 ¥ Stoploss if the pair closes the day above that area. You can wait for a break of channel and enter long . However put in mind the possibility of rate hike in september. we have two scenarios ; the first one is that usdjpy is going to respect the channel for the moment and pullback to trendline support on the hourly chart where 102.20 lies and rally again from the point and break the channel on the news of rate hike . The second scenario is the pair breaking the channel and testing the upper trend line of the...

The pair "eurjpy" has been trading in range since the first of august. The range is between 112.50 and 113.90¥ . The pair has been trending last week , and closed the first 4h above the range. The pair has next resistance at 114.30-60 area where 200 MA "simple and exponential" lies. Recommendation: the pair is looking constructive and there is a big chance of the pair breaking above the moving average and stabilizing heading towards 118.00 handle. The pair has made a low of 109.80¥ this year and has been trending lower since 142 ¥ levels. So , you will have to watch the trend line along its way to 118.40 , we have two trend lines as shown below in "orange" The move will be probably drived by a big move in (usdjpy) after yellen indicated that the case for rate hike strengthened as the economy has been meeting federal reserve goals. Yellen also pointed on friday at jackson hole , that employment reports and prices stability has been major support for t...