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Usdjpy targeting 116.30

Usdjpy has made double bottom at 112.60¥ and rallied 200 pips Today the pair was very suppprted on the 1h timeframw at 113.15¥ and now after hitting previous resistance at 114.85 , the pair pulles back to test support at 114.30¥ The pair will find somw resistance at 115 handle and have strong support at 114.10-30 area , below which 113.65¥ will be very good opportunity to go long again targeting 116.30¥ 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

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

Eur/usd broke trendline

The pair has been climbing over trendline since 1.0330$ reaching major resistance at 1.0770$ which was the price before draghi press conference last december. The pair has broken that trendline and it is expected to test the lower trendline and the 200h moving average both lying at the area between 1.0650-80$ So it is recommended to short the pair at current area 1.0725-1.0745$ targeting above mentioned area. Wish you all profitable trading

Trade ideas for GBP/USD

Here is what I see for GBPUSD only in-case of a daily close above the area 1.248-1.2520$ . We will see a rally towards the area between 1.29-1.31$ and then a test of the 1.2680$ area for continuation of the up trend . On the other side , If we see an hourly close below 1.2340$ , we will roll back to 1.2230-50$ area...If we see a break below this area , then we are going to below 1.20$ again. So , Possible trades here are , long above 1.2520$ (daily close)  targeting 1.29-1.31$ Short below 1.2340$ (hourly close) , targeting 1.2250$.. You can also long the pair at this area again at 1.2250$ area with sl on hourly close below the trend line. And going short on the break of that line targeting 1.2080$ and below if it doesn't hold.

GBP/USD rejected by trendline

The Pair rallied on Friday till it got rejected by trend-line on below chart on the 4h time-frame. it is recommended to sell the pair on testing the trendline, if broken , you should be on the buyers side till 1.2430-60 area . It is recommended to go long as well if the pair managed to retest the 1.2290 area which will be an area of  intraday support for the pair .

There will be no euro rally

Ahead of the ECB meeting today and the expectations of what mario draghi will decide for the QE program. I would like to make a fundamental prediction here. Draghi is destined to bring the euro down , so I am expecting that draghi will disappoint the markets and we will see a  phase 2 of euro depreciation. The target of the coming phase will be 0.96$ as first target and may be final target as well before we see the euro heading back to 1.26$ Thank you all for you time and wish you all profitable trading

Forecast for #eurusd after US elections

This is what I think that #eurusd is going to make. I have predicted that the pair will fall 300 pips or more after the US elections and that happened . The pair was trading at 1.10$ before the election night and fall to 1.0565$ , that is 430 pips approx. The second part of my prediction which is based on historical analysis and I hope that it will be fulfilled as well ; is that the pair is going to rally almost 1500   pips in less than 3 month. SO basically I expect the pair rally to 1.22$ level and ultimately 1.28$ Ofcourse we might see the pair pulling back from 1.22$ area to 1.1450$ area and then resuming the rally to 1.28$ That is my forecast for the euro/dollar and that was based on historical analysis which might prove wrong because of some different factors. However from technical analysis , I think the pair has got some powerful support in that area and I dont think we will be falling behind this area of 1.0560$ If the pair broke below that area , we might actu...

Usd/jpy : trump effect close to fading

The pair is showing some weakness around 108.50¥ which is 200 week moving average and weekly resistance. Targets of shorting the pair at that level would be 106.80¥ then 103.50¥ areas. However it is not recommended to short the pair now until it confirms a bearish resumption The pair might continue its rally to 110.60¥ and that level would be very good short entry for a long term trade. My overview for the pair is bearish and targeting 83¥ on the long term.

Nzd/usd under pressure

Technically speaking nzd/usd is under pressure after falling 300 pips from the critical resistance at 0.7380$ area. The pair has fallen to 0.7070$ area which provided mediocre support helping create a rebound to resistance area around 0.7145$ . The pair was rejected retracing back to 0.7095$ before rallying again to 0.7130$ I expect that rally to fade now and fall again to 0.7078$ area again before resuming any decline.

EUR/USD pullback is over

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..