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EURUSD made a breakout towards the upside on the H4 chart. The price has been down trending by obeying a trend line. Yesterday a massive bullish candle breached through the trend line and closed above it. Thus, EURUSD buyers are going to look for buying opportunities as things stand with the pair. Let us have […]
Continue readingUSDCHF made a strong bearish move on the H4 chart. The pair seems to have produced a double top and the bearish H4 movement took place right from the resistance level of the potential double top. The price then started having a correction as well. This suggests that another breakout towards the South would be […]
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Continue readingUSDJPY has been trending down since late April. You can see the downtrend by just taking a look at the 20 Day SMA line. Last week, the pair seems to have made a nice reversal and it looks like we are on a different trend now. It looks like, on the H4 chart, USDJPY is […]
Continue readingAUDCAD has been heading towards the South with strong bearish momentum on the H4 as well as on the Daily chart. There was a price gap on the H4 chart to start this week. However, despite having a price gap the price is being held up by a level of resistance, which may play a […]
Continue readingGBPJPY has been bearish on the H4 chart. The price has kept making going towards the South by having consolidation and making new breakouts. The price has been having a correction at the moment. Thus, another bearish H4 reversal candle and an H1 breakout at the lowest low would attract the sellers to go short […]
Continue readingEURUSD had a strong bearish day yesterday. The H4 chart shows that the price after having a little correction makes a good bearish move. It seems that the price is having a correction at the moment. A good level of resistance is nearby as well. If the level is held and it ends up producing […]
Continue readingGBPUSD has been on a strong bearish trend on the H4 chart. The price has kept making lower lows by making new breakouts towards the South. Yesterday’s daily candle came out as a strong bearish candle too. This means GBPUSD sellers still have the control over the buyers. Let us have a look at the […]
Continue readingUSDCHF has long been bearish on the H4 chart. The price had a long correction as well. It seems that the price had rejection from a level of resistance twice. Today one of the H4 candles was produced from right from that level which was a very strong bearish candle. As things stand with the […]
Continue readingGold had a massive bullish move on the H4 chart yesterday. The immediate next candle was a bullish candle too although it could not take the price too far. Then, the price started having a correction. In fact, a massive bearish pin bar made the price start having the correction. Good thing is the price […]
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