by Rishikesh Lilawat | Apr 21, 2020 | Forex Trade Ideas, GBPAUD
Currently, GBP/AUD is trading at 1.9584. The pair started a downtrend on 6 April and now consolidating in the descending triangle wedges . If the price breaks its support level at 1.9481, then it may touch its next support level at 1.9235. If the price breaks...
by Vivek_Samale | Apr 21, 2020 | AUDUSD, Forex Trade Ideas
AUDUSD has given a good breakout from rising channel pattern, also it has well respected the Fibonacci retracement levels, as you can see in the chart. It has given downside breakout from rising channel patterns so we might see further downside in AUDUSD , from its...
by Vivek_Samale | Apr 21, 2020 | Forex Trade Ideas, NZDUSD
NZDUSD is currently trading in a symmetrical pattern, which indicates that the trend is not decisive, as NZDUSD can give a breakout on either side for longer-term trends. For a period, it will trade in the symmetrical triangle pattern . Trade can be initiated for the...
by Vivek_Samale | Apr 21, 2020 | Forex Trade Ideas, USDCAD
USDCAD is now trading in channel pattern after giving a good breakout from the falling wedge . The current price is at a 50% Fibonacci retracement level so, it might face some resistance at this level. At this level, we might see price consolidation or price breakout...
by Vivek_Samale | Apr 21, 2020 | Forex Trade Ideas, USDJPY
USDJPY is retraced 100% from its bottom and now it is constantly making lower high as you can see in the chart. Also, it is forming a descending triangle pattern which is a bearish pattern . We might see further downside in USDJPY once it breaks out of the descending...
by Ryan Lopes | Apr 21, 2020 | Forex Trade Ideas, USDCAD
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, that the pair broke out of its resistance and as per our analysis, it will go...
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