AUDUSD: key levels where we are looking for short positions

AUDUSD D1 | Our expectations: Key levels of resistance, diagonal, Fibo and SMA50, and if the current bar closes below 50 period it will be a fake breakout and we can look for short positions at 30 or 50% on the last bar / only if it closes around the current levels – pin bar […]

EURUSD in a tight range during the Asian session

Shortly before the start of the European session, EURUSD attempted a breakthrough towards north of the tight consolidation of 15 taps formed during the Asian hours. Probably if we see an impulse upward at the start of stock trading, the pair can test levels of 1.1285 and even 1.13 by the end of the day. […]

EUR in a recovery mode, but vulnerable | Technical levels

EUR / USD: EUR is vulnerable, the focus is 1.1120. After the disappointing NFP data on Friday, the EUR recovered a small part of the sharp downturn after the ECB meeting. The recovery will rather form consolidation, as the pair is currently in a resistance area of ​​about 1.1250. While the price remains below 1.1290, […]

EURUSD continues ranging in the early EU session. NFP data in focus at 15:30

EURUSD is closed in tight range between 1.1185 / 1.1201 in the Asian hours and at the start of the European session. 61.8 of the last major upward movement gave some support. Yesterday’s ECB’s meeting and Draghi’s relatively dovish tone sent the pair down more than 1%. The road to 1.10 looks clear and is […]

USDJPY remains bullish

USDJPY D1 | Our expectations: Short-term uptrend and price slightly below 76.4 Fibonacci on downward movement from October 2018 to January 2019 / fx flash crash /. Current fluctuations will hardly drive out the bulls, and the movement is likely to remain. The positioning is most appropriate with long positions in the zone between the […]

USDBGN where to buy and where to sell

USDBGN forex D1 | Our expectations: Medium-term consolidation remains in active, and it is currently best to wait for the price to reach the top or bottom of it. The zone around 1.73 remains suitable for sell positions, while the area around 1.68 for buy positions. The price remains locked between 50 and 200 moving […]

USDCAD short from resistance level

USDCAD forex technical analysis D1 | Our expectations: Downward movement from 20 January 2016 to 08 September 2017 and an adjustment to 61.8 Fibonacci gives a good chance of a downward momentum from the current levels. The diagonal resistance from the tops and parallel to the diagonal support on the bottoms increase the likelihood of […]

NZDUSD an opportunity for new short positions after a little adjustment in price

NZDUSD forex technical analysis D1 | Our expectations: Downward trend and adjustment to 50% Fibonacci, where a Head and Shoulders formation appears. The neckline is broken, and if the price returns to test the breakout, it will fall into an area of ​​multiple diagonal and horizontal resistances around  0.6805 where we can look for new […]

USDBGN will the King USD hegemony end

USDBGN D1 Our expectations: The pair approaches key levels of support, as a break below 1.6995 may create a prerequisite for the US dollar to fall to levels 1.6555. The statistical beginning of each year is negative for USD, with January usually the worst month for green money. We remain cautious about a likely break […]