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NZDJPY – An opportunity for a long trade – 21/02/2019

On the four-hour chart of NZDJPY, there is a great opportunity to Buy. Since 13 February the price has been gently rising around the support from the daily chart. The Kijun line works very...

USDCHF – FOMC minutes can move the market – Bearish Engulfing also – 20/02/2019

USDCHF 20/02/2019 On the daily chart, when we look at it from the point of view of Technical Analysis, an interesting situation emerged. We have two Price Action formations contained in one another: the Inside...

USDCHF – bearish engulfing, decreases towards a significant level – 20/02/2019

The exchange rate of the USDCHF is moving in an upward trend, with lows and highs at ever higher levels. This month the buyers managed to overcome a key resistance close to 0.9988 and...

Gold (XAU/USD) continues its bullish trend – 19/02/2019

The GOLD price yesterday set the new maximum at USD 1327.50 and the closing of the session took place at the highest level since May 2018. Thus, the dynamic upward trend in which quotations...

GBP/CAD – almost half a year in the growth channel – 19/02/2019

The GBP/CAD quotations on the daily chart have been moving in recent months in a narrow bullish channel. You can see that there is a kind of balance between these currencies. Recently, oil prices...

DAX30 – PSV strategy: Friday swing – Monday consolidation? DAX levels 18/02/2019

DAX intraday You can't expect much during Monday's session - although the most interesting scenario of the day could be the scenario of going under the level of the daily pivot and a return approach...

EURUSD – Pin Bar can be a signal for a correction? – 18/02/2019

EURUSD - A year ago, the pair set a maximum of 2018 at 1,2555. Since then, quotations have been falling steadily to reach a minimum of 1,1215 in November last year. For the last...

Simple Correction

The key to trading with the main trend A simple ABCD correction appears in trends and in the movements opposed to the main trend. This can be seen in every time-frame (TF). An ideal correction is...

NZDCHF – A ascending Wedge on H1 – 15/02/2019

NZDCHF - I described this pair on Tuesday in the analysis - "NZDCHF - Double Top, Head and Shoulders or maybe Inside Bar? . We had a bunch of Price Action formations, and in...

USD/CHF – breaches an important resistance zone – 14/02/2019

USD/CHF quotations look interesting. A few days ago there was a strong price volatility, but quite quickly everything returned to normal and the whole situation did not change much on the chart. What continues...

How to get forex related knowledge?

If you’re a fresher to the forex markets and think there’s huge potential to earn profits, then it’s time for you to start learning about the markets since there’s quite a bit to comprehend...

EURNZD arrives at an important support – 13/02/2019

Since the beginning of January, the sentiment on EURNZD has been bearish. The price rebounded from the resistance around 1.7130 and started the rally to the south. Last week there was a big upward...

NZDCHF – Double Top, Head & Shoulders and Inside Bar … – 13/02/2019

The NZDCHF pair has been moving since May 2017 in a declining channel whose height, i.e. the distance between support and resistance, is 620p. In December 2018 and a week ago the price reached the...

USD/JPY has overcome the key resistance at 110.00 – 12/02/2019

The dollar against the Japanese yen (USD/JPY) strengthened during yesterday's session. As can be seen from the chart below, Friday's closing was over 110.00, which has been a key resistance since the beginning of...

EUR/USD – declines in progress – 12/02/2019

The previous week ended on EUR/USD with a set of five declining daily candles. Despite this, the dynamics of the declines is not particularly drastic. Looking a little wider, the quotations have continued to...