Is GBPNZD oversold?
GBPNZD was falling thousands of pips after Brexit in 2016 and it found its bottom in later 2016. Since then an uptrend prevails on this market. This year GBPNZD broke psychological resistance 2.000 first time since Brexit and then it went quickly below 2.000 again. One thing...
USDCHF didn´t break important resistance
For the last few months, USDCHF was growing very steadily and by the end of the October it tried to break strong resistance 1.0067 but failed to do so. After the false-break of resistance, USDCHF created a candle pattern Engulfing, after which it should...
Trend Channel Trade
GBPAUD is in the uptrend from the end of August and we see an opportunity to join this trend. The market is giving us a signal for another continuation of the uptrend. After 500 pips correction, it reached the level, where we already placed our long positions and we expect a...
GBPJPY broke the consolidation
After one month of consolidation, we can finally see a breakout from the 300 pips zone. GBPJPY is giving a clear trading signal by breaking the trendline and support. After this, it will very probably go lower and the closest profit target is around a level 145.6...
Usdcnh
Here it is:
USDCNH has been in the uptrend for a long time. This uptrend lasts already more than a half year. The strange thing about this uptrend is the fact, that there has not really been some significant correction. Only a few days of move downwards and then it would rise again. In...
Pullback on CHFJPY will come soon
CHFJPY is falling since it made a pin bar on 21.9., so the decline on this currency pair already lasts 3 weeks. Now it has got in the zone where the pullback is possible. There is a support zone with Fibonacci levels 50 and 61.8, which are the most reactive...
Bullish view on AUDSGD
This currency pair is in a downtrend for a few years, but now we see an opportunity to profit on the rise. We expect AUDSGD to go up at least 100 pips, but maybe more. If you look at monthly/weekly timeframe, there is a strong support which withstood the pressure and now...
An upcoming long on AUDCAD
There is a strong downtrend on AUDCAD lasting more than half a year, but this could change very soon! This currency pair is on the important zone, where we will probably see a pullback upwards. AUDCAD is currently at low of the trend channel which supports the idea...
In this discussion, we will regularly write our views on currency pairs, stock indices or even commodities. Check it out and give us your opinion too. We are very passionate about markets, so there will be a lot to talk about!
Trading idea: NZDCHF short
NZDCHF is in a downtrend for almost half a year and it is giving us an opportunity to join that trend. The market has finally reached the resistance 0.6515 where it could turn downwards again. Moreover, divergence confirms the upcoming short on this currency pair and...
USDCHF short setup
In the last few months, USDCHF has been showing a beautiful bear market, but it broke at the end of September and we can see the strong reversal where USDCHF went up around 240 pips in just 5 days. Around the marked area, we expect a correction (not a reversal) because of the...