by Vivek_Samale | Jun 10, 2020 | Forex Trade Ideas, GBPJPY
GBPJPY is forming the head & shoulder pattern at the top, which is a bearish trend signal. According to chart pattern analysis, we might see a downturn in GBPJPY towards the support level, as shown in the chart. Short side trade can be initiated with proper risk...
by Vivek_Samale | Jun 9, 2020 | Forex Trade Ideas, USDCAD
USDCAD has given a breakout from the descending triangle pattern. It was a big rally on the downside and now, it is trading at a support level or end of downside rally. According to chart pattern analysis, we might see some upside correction in USDCAD from the current...
by Vivek_Samale | Jun 8, 2020 | Forex Trade Ideas, USDJPY
USDJPY has a breakout from the Inverted Head & Shoulder pattern. It has achieved its first upside target while trending in channel pattern. Before moving for target 2, which is resistance 2, we might see some consolidation or downside in USDJPY before giving...
by Vivek_Samale | Jun 8, 2020 | EURUSD, Forex Trade Ideas
EURUSD has given a good rally after giving a breakout from the symmetrical triangle pattern. As per chart pattern analysis, EURUSD has reached at the top to the rally, from current levels we might see consolidation or small price retracement towards the downside in...
by Vivek_Samale | Jun 4, 2020 | Forex Trade Ideas, NZDJPY
NZDJPY has given a good breakout from long term channel pattern and now it is at the resistance 1, which is a very crucial level for further trend extension. If it breaks out at resistance 1, there is more upside movement left in NZDJPY. If it fails to break out at...
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