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GBP/USD Technical Analysis.

GBP/USD Technical Analysis.

by | Jul 13, 2020 | Forex Trade Ideas, GBPUSD

Currently, GBP/USD is trading at 1.2614. The pair may start a new down trend if it breaks the support level and neck line at 1.2582. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges . If the...
EURGBP At Breakout From Falling Wedge.

EURGBP At Breakout From Falling Wedge.

by | Jul 13, 2020 | EURGBP, Forex Trade Ideas

EURGBP is trading in falling wedge , as it is at the breakout point from falling wedge pattern, we might see, an upside movement in EURGBP from the current level. One can initiate the long side trade in EURGBP with proper risk management and stop loss. As for Upside,...
NZD/JPY Technical Analysis.

NZD/JPY Technical Analysis.

by | Jul 9, 2020 | Forex Trade Ideas, NZDJPY

Currently, NZD/JPY is trading at 70.43. The pair may start a new down trend if it breaks the neck line at 70.21. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges . If the pair starts a new...
GBP/JPY Technical Analysis.

GBP/JPY Technical Analysis.

by | Jul 9, 2020 | Forex Trade Ideas, GBPJPY

Currently, GBP/JPY is trading at 135.31. The pair may start a new down trend if it breaks the support level at 135.24. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges . If the pair starts a...
GBPCAD Short Trade Idea

GBPCAD Short Trade Idea

by | Jul 8, 2020 | Forex Trade Ideas, GBPCAD

GBPCAD is trading in channel pattern, also we might see a continuation of price in channel pattern. One can initiate short side trade with proper risk management and stop loss, as the price is trading at the resistance level . One can refer to the chart pattern for...
GBPCHF Long Trade Idea.

GBPCHF Long Trade Idea.

by | Jul 8, 2020 | Forex Trade Ideas, GBPCHF

GBPCHF is trading in range bound movement. We can see some downside movement in GBPCHF from resistance 1, towards the support level . Long side trade can be initiated at the support level with target, as resistance 2. One can initiate the long side trade with proper...