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EURUSD is moving in up direction continuously and once again tested 1.14 level. I expect that pair will breach this level today and make new high and try to reach 1.1450 level today. If this pair will hold this level before EU-referendum, if will pull back this pair once again to 1.13 level. I have gone short on GBP pair now, expecting that bullish will not control this pair any longer as GBPUSD pair has already reached 1.50 level just now.
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Will Brexit have positive impact on GBP pairs??
Last week, after dip to a new low GBPJPY made a significant move upward, and it seems that GBP pair will keep providing high volatility this week due to BREXIT. Technically, I has short bias on this pair last week, but this week, I am looking for long trade and will look forward for long trade. GBPUSD and GBPJPY opened with more than 100 Pips gap this week, so I think pair will retest Friday close.
GBPUSD is mostly testing 200 simple moving average on daily chart, and we can see that 1.47000 lev…
GBPUSD is mostly testing 200 simple moving average on daily chart, and we can see that 1.47000 lev…
EURUSD, will continue upward momentum??
Last week, EURUSD moved above to trendline on daily chart, and it is keep moving up after testing lower support this week. On daily chart, this pair has reached at overbought zone after yesterday movement, but there is still lot of room to go upside for this pair. This week close will tell EURUSD coming months movement, because on weekly candle it moved below to 55 simple moving average last week, but as it moved already up, so it would good point to see, if it continue this week close in also a…
GBPUSD daily trade
GBPUSD dropped from 1.4550 level today and still dropping. As pair already broke daily pivot support level from pivot point, then I think it will go more down. But as I missed early sign of trade, then I think I will wait for retracement first and then going short would be good. This pair is below two hundred simple moving average on 4 hour chart now, and it is below to all lower time frame, so retracement till two hundred Simple moving average on 5 minute chart would be a safest way to enter in…
GBPJPY weekly trade idea
GBPJPY moved higher last week to 175.00 last week, and after that moving down. Now as both JPY is getting stronger and GBP is also loosing momentum against USD. So I think GBP will test first 168.50 level, which is having minor support and if it will break below then it will go more down towards 164.00 level next week.
Wish you rocking weekend
Wish you rocking weekend
EURUSD next week trade idea
Euro has made gain against usd this week and still moving above from 200 simple moving average on daily chart and sharply returned from rsi 70 level. But this pair also broken downtrend line, so I expect that it will move down till trendline before it goes higher. Therefore, I will look for short trade on this pair till trendline, and if it will hold trendline support then long trade.
Wish you nice weekend.
Wish you nice weekend.
USDZAR trade idea
USDZAR was continuously moving upward from many week and last month it broken above 16.0000 level, and now today once again it slipped below to this level, therefore next week down ward movement may continue. Today I expect to reach at 1.73 level, which is weekly support level, and if it reach below to it, for tomorrow I will go short once again heading for weekly S2 level.
USDZAR trade Idea
USDZAR has resumed its uptrend yesterday after getting support at 16.00 level, now went above to yesterday daily pivot R2, and today it moved up to daily R1 and now moving down slowly towards pivot. I will buy this pair once again after reaching pivot level, else if break above once again above R1, then long, because today USD fundamental news will be published, and I think it will support long USD.
GBPUSD today's pivot trade idea
Yesterday, GBPUSD moved around 200 Pips above after open and now it is retracing back. Pair pivot level is at 1.4367, and currently trading at 1.4385. If pair will move up after touching pivot level, then I will think upside movement for today, else if pair will go below pivot, then pair will reach to today support level, and good option I think to buy at support, because pair is moving in a channel in uptrend from last 3 weeks. I will look for buy option either above 1.44 or if price is at dail…
EURAUD Trade Idea
EURAUD is finding very good support at 4 Hour 200 Simple Moving Average and tomorrow RBA interest rate decision will come out. If pair will break below 200 Simple moving average then I think this pair will move in down side for coming days, else If this pair able to stay above 200 Simple moving average on this chart, this pair will resume its uptrend and once again try to reach higher. So now, I will wait for news release and its impact, after that I will look for trade. For today 40K profit is …