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GBP/AUD Technical Analysis.

GBP/AUD Technical Analysis.

by | May 14, 2020 | Forex Trade Ideas, GBPAUD

Currently, GBP/AUD is trading at 1.8967. The pair started a new up trend today after breaking resistance level , it may consolidate for a while near resistance level and then it will move in up trend. Its first target is at 1.9258 and second target is at 1.9400. Do...
EUR/JPY Technical Analysis.

EUR/JPY Technical Analysis.

by | May 14, 2020 | EURJPY, Forex Trade Ideas

Currently, EUR/JPY is trading at 115.60. The pair started a new down trend on 13th May after breaking support level and now the price is forming lower-low lower-high pattern, while moving in support and resistance wedges . Its first target is at 115.17 and second...
GBPUSD At Support level For Long.

GBPUSD At Support level For Long.

by | May 14, 2020 | Forex Trade Ideas, GBPUSD

GBPUSD is trading at in falling wedge pattern. The current price of GBPUSD is trading at a very strong support level , which is the meeting point of the long term support line and falling wedge support line. We might see the price bouncing back from the current level....
EURGBP At Resistance Point For Short

EURGBP At Resistance Point For Short

by | May 14, 2020 | EURGBP, Forex Trade Ideas

EURGBP is trading in a rising wedge pattern. It has tested a long term resistance line but failed to give a breakout from the resistance line, so we think it might reverse from the current point towards the support, which will be the first downside target for EURGBP ....