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AUDJPY 6hour chart august 8th 2020

All-in-all, AUD/JPY trend remains strongly bullish and triangle breakout just emphasizes growth potential. Considering the rejection of multiple support levels and indicators, the price should be ready for yet another 200 pip upside wave.  Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. […]

The butterfly pattern

Harmonic patterns are some of the most popular chart formations in Forex. They are characterized by geometric structures that are focused on generating a buy/sell signal for a trader.  The Butterfly pattern is defined as a harmonic reversal chart formation. After a series of measured moves, both in the direction of the overall trend and […]

EURCAD 3hour chart August 4th 2020

While the uptrend is expected to continue, the downside correction could be extended. Daily break and close below 1.5707 is likely to result in the price drop towards the next support at 127.2%, which is 1.5628, before/if uptrend will resume.  Disclaimer: The analysis presented in this article is for educational purposes only and should […]

NZDCHF 1hour chart August 3 2020

All-in-all NZD/CHF is showing signs of a trend reversal to the upside, but only as long as the 0.6046 support area holds. Along with NZD/CHF, many other XXX/CHF pairs are expected to rise due to the expected CHF weakness as per multiple previous analyses.  Disclaimer: The analysis presented in this article is for educational […]

As Forex traders, we all know and understand the importance of having good risk management when we trade in the market. The level of risk management used in trading is proportional to your success rates when it comes to trading. This would in turn benefit you down your trading journey, in time to come. The […]

What is TakeProfit in Forex Trading

The forex market is fast-paced, so much so that it’s easy to overlook how a winning trade can easily turn into a losing position and leave you with considerable losses. Good thing that a TakeProfit order exists, right? On that note, let’s start by giving a quick answer to the frequently asked “what is a […]

AUDNZD 4hour chart July 30th 2020

It is possible that the consolidation phase will take place and the price will be moving near 1.0800 resistance during the coming week. The most important thing is to watch for the daily closing prices, which must remain below the 1.0800 throughout the range-trading phase.  Disclaimer: The analysis presented in this article is for […]

EURCHF 4 hour chart July 29th 2020

We have shared multiple ideas related to the Swiss Franc, where all of them suggest that CHF will be outperformed by other major fiat currencies. The EUR/CHF is expected to follow this path and the uptrend might resume this or next week.  Disclaimer: The analysis presented in this article is for educational purposes only […]

GBPCAD Daily Chart July 23rd 2020

We have shared multiple CHF-related ideas, all of which suggest the CHF weakness across the board. Same applied to the CHF/JPY currency pair where short term growth potential could be over 100 pips.  Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This […]

GBPCAD Daily Chart July 23rd 2020

The overall trend of the CHF/JPY remains extremely bullish, thus making any selling opportunity riskier in relation to a trend following opportunity. However, a clean bounce off the 127.2% Fibs could show a potential price weakness, and considering that most types of corrections are faster than the trend itself, CHF/JPY might move down either sharply […]

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