EURUSD Trading Idea for the coming week of 6th May 2019

Last week, as expected, EURUSD rallied as expected due to the weakness of USD. However, on Wednesday, the rally was halted and higher prices were rejected with a massive shooting star on Wednesday's close of the daily candle. However, the move to the downside could not reach the previous low, and

AUDUSD Trading Idea for the coming week of 29-April-2019

AUDUSD fell hard last week partly due to USD strength and largely on Wednesday due to weak CPI data from Australia. However, AUDUSD formed a hammer on Thursday on daily chart and on Friday bounced upwards, confirming the support present at 0.70 level. The bounce up on Friday is due to

EURUSD trading idea for the coming week of 29-April-2019

Last week EURUSD broke below a major support level of 1.1200. This level has been important for quite some time and the pair has bounced from the area many times this year. By breaking below 1.1200, the risk is to the downside. However we also must consider that US Dollar Index

GBPCHF Sell Opportunity – 24-April-2019

For most part of this month CHF has been the worst performing currency among majors. However, at this point we may be looking at signs of a reversal. The uptrend line on H4 time frame of GBPCHF has been broken to the downside. Trading preference The preference is to sell the pair.

CADJPY Trading Idea – 22-April-2019

We are looking at CADJPY, and we can see that the pair has bounced from the previous support zone. The pair has bounced from that area in the near past as you can see on the chart. This is a good opportunity to buy, the target being the resistance zone around

EURCHF trading idea for the week of 22-April-2019

EURCHF has seen a parabolic move upwards for the most part of last week. However, it is now facing resistance on the daily timeframe. We can see that the pair has formed a hanging man pattern. It will be a big hurdle to break above the daily resistance. A break below

USDCHF Trading Idea for the week of 06 April 2019

After a big downward move earlier, USDCHF has been consolidating in an upward channel. This is usually termed as a bear flag. Trading preference The price is currently staying around the upper bound of the consolidation channel. This is often a good area to sell for a short term trade, the lower