Blog Archive

USDCHF is currently trading at 0.97270 and we have seen a triangle wedge breakout at D1 timeframe. Also, the pair has retested the upper trendline twice but unable to break this. This indicates weakness to move further upside. As of writing, the next support is seen at 0.96100 and 0.95000 respectively. On the other hand, …

XAUSUD(Gold) is currently trading at 1709.00 and we have found some interesting setup for GOLD at H4 timeframe. Today at UK session Gold was able to break 1700 level but sellers cant dominate. If we look at the H4 chart we can see gold is nicely trading within a descending channel tradeline. If today gold …

CADJPY is currently trading at 76.300 and we are about to finish our Monday trading. We have seen some buying opportunity at CADJPY. As we can see CADJPY is finding strong support at 76.000 and nicely forming inverse head and shoulder pattern on H4. Next resistance is seen at 77.600. Its a good opportunity to …

GBPCAD is currently trading at 1.74650 at UK session. We have noticed that GBPCAD is trading within a descending channel tradeline at H4 time-frame. Today the pair has retest the resistance zone at 1.75000 and found some selling pressure. Support is seen at 1.73300 and 1.72000 respectively. On the other hand, if GBPCAD can breaks …

GBPUSD has finished the week at trading 1.23600 which is well below the resistance at 1.24400. After a dominant uptrend to 1.26470, the pair was unable to extend the gaining momentum towards 1.28000. A possible Head and Shoulder pattern is forming on daily chart and a close below the channel line 1.22800 will initiate more …

EURUSD the most traded currency pairs in the world. This pair represents the world two largest economies and has faced most volatility since the establishment of the euro in 1999. Last week Eurozone has published the Flash manufacturing PMI and we have seen a significant decline on the data than the actual forecast. Also the …

Once again gold is acting as safe heaven for the investor as we all know global economy is in the crisis caused by the COVID-19 pandemic. Xauusd(Gold) is trading at 7 years high at 1728 and challenging the recent high at 1747. The short term momentum is really positive on Gold. We could see Gold …

As we all know both Brexit and Covid-19 weighing badly on GBP pairs. Today UK has published the flash manufacturing PMI and we have seen the record declines in the UK manufacturing and service sector. All the GBP pars are weakening against pairs like JPY, AUD, USD, and CAD. Our analyst is suggesting GBPCAD has …

EURCAD right now trading at 1.52900 and a possible setup for Short this pair. As we can see in both 4 hour and daily chart EURCAD has found strong resistance at 1.54100. As long as this level will act as resistance we can short this pair to get a minimum of 100 pips as TP1 …

The world is facing a great financial recession period due to the Coronavirus pandemic. People, as well as financial institutes, are facing great difficulties to cope up with the situation. Many financial institutions are going bankrupt and traders are getting margin calls. Hope this situation will be over very soon. We know that before an …