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USD/CHF Technical Analysis.

USD/CHF Technical Analysis.

by | May 29, 2020 | Forex Trade Ideas, USDCHF

Currently, USD/CHF is trading at 0.9622. The pair is consolidating in the resistance and support wedges . If it breaks the resistance level at 0.9730, the pair may start a new up trend and its target price will be at 0.9791. If it breaks the support level at 0.9613,...
EURJPY At Trend Reversal Point.

EURJPY At Trend Reversal Point.

by | May 29, 2020 | EURJPY, Forex Trade Ideas

EURJPY is trading in descending channel pattern as long term trend. After touching the support line of the descending channel pattern, it is trading in a rising wedge pattern. Now, the price level is trading near the resistance line of descending channel pattern, also...
USD/CAD Technical Analysis.

USD/CAD Technical Analysis.

by | May 28, 2020 | Forex Trade Ideas, USDCAD

Currently, USD/CAD is trading at 1.3754. The pair started a new down trend on 26 May after breaking the support level at 1.3865. The pair was trading in resistance and support wedges before starting a new down trend. The price has already touched its first target...
GBP/JPY Technical Analysis.

GBP/JPY Technical Analysis.

by | May 28, 2020 | Forex Trade Ideas, GBPJPY

Currently, GBP/JPY is trading at 132.84. The pair is consolidating in the ascending resistance and support wedges . If it breaks the resistance level at 133.09, the pair may start a new up trend and its target price will be at 134.96. If it breaks the support level at...
NZDUSD Short Side Trade

NZDUSD Short Side Trade

by | May 28, 2020 | Forex Trade Ideas, NZDUSD

NZDUSD is trading in a wedge pattern. We might see a downside trend in NZDUSD for a shorter time with support 1 and support 2 as target 1 and target 2, respectively. One can initiate short side trade with proper risk management and the stop-loss. Note – trade...