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Showing posts with the label trading signals

Eurusd facing strong resistance

The pair reversed from 1.1562 to 1.1594$ , however it couldnt keep it up over 1.1580$ and now trading below it. This is not a good sign for our trade , so lets keep an eye on this trade and follow up for updates .

Sell usdcad

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.

AUD/USD sellers are in control

Aussie (AUD/USD) is not able to close above .7620$ despite its upside attempts. On Tuesday , the pair has initiated a reversal , a bearish one and will probably continue sliding during the coming sessions with busy economic schedule and releases coming on Thursday and Friday. Technically speaking , the pair is still capped by 0.77$ mark creating triple top , and still supported around 0.73$ , I am Favoring a decline to break the 0.73$ mark , maybe the united stated GDP figure release will be the catalyst for this move. Our First support will be 0.7485$ area followed by 0.7420$ area . It is advised going short at current level with stop loss executed on daily close above 0.7620$ area. On the hourly chart, The pair is showing weakness , and nearing oversold levels at 30 mark. Follow me on twitter @b4borio for updates on this trade and more trading ideas. Feel free to contact me anytime.

Brent capped by trendline

Bears are still in control of brent after reaching multi month high of 58$ . As you can see below , it is still capped by bearish trendline on the 1h chart and broken a rising support trend line. Wish you all profitable trading!!! If you want to copy my trades and make consistent monthly income ; Subscribe to my signal on mql5 : https://www.mql5.com/en/signals/221947

GBPUSD : Between the support and resistance

Sterling almost regained all the pips lost after the BOE announced a rate cut and the intention for more rate cuts this year. The pair was trading in a 1 hour channel which was broken today after reaching the top of the bigger falling channel on the 4h chart . So we have two channels in play now , uprising one which was rejected by the resistance line at 1.3270$ and went to find support at the 200 MA on 30 min chart and the base of the channel at 1.3170$ . The pair bounced 20 pips from the support , however I expect a break of the uprising channel and break of the support at 1.3170$ area. While the markets are waiting for any clues from janet yellen tomorrow at the jackson hole symposium , the pair will react violently to any hints about rate hike from the federal reserve . Personally , I believe we might see a rate hike in september . Anyway , we have two scenarios and possible trades here : First one : long the pair on the close above resistance trend line possibly at 1.3250$ ....