Thursday, December 31, 2020

GBP/JPY

 

GBP/JPY
09-Dec-10:00 -> 31-Dec-14:00
Target Level: 141.2215
 
SL: (A) 139.8005 Last TP of Rising Wedge
RL: (B) 141.2215 Last TP of Rising Wedge
Target Period: 2 days
 
Interval4 hour
PatternRising Wedge
Length47 Candles
Identified30-Dec-14:00
Rising Wedge identified at 30-Dec-14:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 141.2215 within the next 2 days.
Supported by Upward sloping Moving Average

EUR/USD

 

EUR/USD
17-Dec-09:00 -> 31-Dec-11:00
Target Level: 1.2181
 
SL: (A) 1.2181 Last TP of Channel Up
RL: (B) 1.2310 Last TP of Channel Up
Target Period: 2 days
 
Interval1 hour
PatternChannel Up
Length167 Candles
Identified31-Dec-10:00
Channel Up identified at 31-Dec-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2181 within the next 2 days.
Supported by RSI above 60

Wednesday, December 30, 2020

GBP/USD

 

GBP/USD
09-Dec-10:00 -> 30-Dec-14:00
Target Level: 1.3620
 
SL: (A) 1.3481 Last TP of Ascending Triangle
RL: (B) 1.3620 Last TP of Ascending Triangle
Target Period: 2 days
 
Interval4 hour
PatternAscending Triangle
Length44 Candles
Identified30-Dec-02:00
Ascending Triangle identified at 30-Dec-02:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3620 within the next 2 days.
Supported by Upward sloping Moving Average

GBP/JPY forex

 

GBP/JPY
15-Dec-16:00 -> 30-Dec-11:00
Target Level: 141.2215
 
SL: (A) 139.8005 Last TP of Rising Wedge
RL: (B) 141.2215 Last TP of Rising Wedge
Target Period: 2 days
 
Interval1 hour
PatternRising Wedge
Length181 Candles
Identified30-Dec-09:00
Rising Wedge identified at 30-Dec-09:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 141.2215 within the next 2 days.
Supported by Upward sloping Moving Average

EUR/GBP

 

EUR/GBP
09-Dec-06:00 -> 30-Dec-14:00
Target Level: 0.8953
 
SL: (A) 0.8953 Last TP of Falling Wedge
RL: (B) 0.9082 Last TP of Falling Wedge
Target Period: 2 days
 
Interval4 hour
PatternFalling Wedge
Length47 Candles
Identified30-Dec-10:00
Falling Wedge identified at 30-Dec-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8953 within the next 2 days.
Supported by Downward sloping Moving Average

Tuesday, December 29, 2020

AUD/JPY


At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : AUDJPY   

Direction :
Identified time : 2020-12-29 08:00 EST
Breakout price : 78.86
Forecast price : 79.1645
Forecast pips : 30
Probability : 71.43 %
Pattern : Ascending Triangle
Interval : 60 Min


Pattern : Resistance
Interval : 15 Min
       

CHF/JPY


CHF/JPY
02-Dec-10:00 -> 29-Dec-14:00
Target Level: 117.6065
 
SL: (A) 116.0540 Last TP of Channel Down
RL: (B) 117.6065 Last TP of Channel Down
Target Period: 3 days
 
Interval4 hour
PatternChannel Down
Length64 Candles
Identified28-Dec-18:00
Channel Down identified at 28-Dec-18:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 117.6065 within the next 3 days.
Supported by Upward sloping Moving Average
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GBP/JPY

 

GBP/JPY
15-Dec-19:00 -> 29-Dec-11:00
Target Level: 141.2215
 
SL: (A) 139.6860 Last TP of Rising Wedge
RL: (B) 141.2215 Last TP of Rising Wedge
Target Period: 2 days
 
Interval1 hour
PatternRising Wedge
Length159 Candles
Identified29-Dec-11:00
Rising Wedge identified at 29-Dec-11:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 141.2215 within the next 2 days. 

Monday, December 28, 2020

USD/JPY

 

USD/JPY
04-Dec-18:00 -> 28-Dec-22:00
Target Level: 104.2152
 
SL: (A) 103.4045 Last TP of Triangle
Target Period: 3 days
 
Interval4 hour
PatternTriangle
Length52 Candles
Identified28-Dec-18:00
Triangle has broken through the resistance line at 28-Dec-18:00. Possible bullish price movement forecast for the next 3 days towards 104.2152.
Supported by Upward sloping Moving Average

USD/ CHF chart

 

At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : USDCHF   

Direction :
Identified time : 2020-12-28 08:17 EST
Breakout price : 0.88827
Forecast price : 0.8853
Forecast pips : 30
Probability : 66.58 %

Pattern : Triangle
Interval : 15 Min


Pattern : Support
Interval : 15 Min

GBP/USD

 

GBP/USD
15-Dec-22:00 -> 28-Dec-11:00
Target Level: 1.3376
Target Period: day
 
Interval1 hour
PatternSupport
Length134 Candles
Identified28-Dec-11:00
Broke through Support level of 1.3520 at 28-Dec-11:00
Supported by Downward sloping Moving Average

EUR/USD

 

EUR/USD
08-Dec-02:00 -> 28-Dec-14:00
Target Level: 1.2291
Target Period: 2 days
 
Interval4 hour
PatternResistance
Length42 Candles
Identified28-Dec-10:00
Broke through Resistance level of 1.2221 at 28-Dec-10:00
Supported by Upward sloping Moving Average

Sunday, December 27, 2020

CAD/CHF chart

 

The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : CADCHF   

Direction :
Identified time : 2020-12-27 18:30 EST
Breakout price : 0.69292
Forecast price : 0.69517
Forecast pips : 22
Probability : 67.84 %

Pattern : Channel Down
Interval : 30 Min


Pattern : Resistance
Interval : 30 Min
       

Friday, December 25, 2020

Great way to learn Forex trading

  Trading the professional way really involves common sense. We should buy forex pairs on sale and sell it when they become expensive, not the other way around When you trade you must fire on all cylinders; you must access and activate your resources, strengths and mental weapons in the psychological warfare which is trading, The trading trenches are not a place to vacillate and equivocate; you must be willing to demonstrate your ability to focus on what matters most in the trade. You must be willing to plan your trade and trade your plan with complete follow-through of all of your rules. Forexmentor How To Trade Currencies Like The Big Dogs

GBP/JPY

 

GBP/JPY
30-Nov-22:00 -> 24-Dec-22:00
Target Level: 142.0651
 
SL: (A) 136.9735 Last TP of Rectangle
Target Period: 3 days
 
Interval4 hour
PatternRectangle
Length65 Candles
Identified24-Dec-10:00
Rectangle has broken through the resistance line at 24-Dec-10:00. Possible bullish price movement forecast for the next 3 days towards 142.0651.
Supported by Upward sloping Moving Average

Thursday, December 24, 2020

CAD/JPY also CHF/JPY

 

CAD/JPY
15-Dec-16:15 -> 24-Dec-11:15
Target Level: 81.3155
Target Period: day
 
Interval15 Minutes
PatternResistance
Length558 Candles
Identified24-Dec-10:00
Approaching Resistance level of 81.3155 identified at 24-Dec-10:00
Supported by Upward sloping Moving Average
CHF/JPY
04-Dec-03:00 -> 24-Dec-12:00
Target Level: 117.2290
Target Period: 2 days
 
Interval1 hour
PatternResistance
Length273 Candles
Identified24-Dec-01:00
Approaching Resistance level of 117.2290 identified at 24-Dec-01:00
Supported by Upward sloping Moving Average

Wednesday, December 23, 2020

GBP/USD


GBP/USD
25-Nov-22:00 -> 23-Dec-22:00
Target Level: 1.3625
 
SL: (A) 1.3188 Last TP of Channel Up
RL: (B) 1.3625 Last TP of Channel Up
Target Period: 2 days
 
Interval4 hour
PatternChannel Up
Length71 Candles
Identified22-Dec-14:00
Channel Up identified at 22-Dec-14:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3625 within the next 2 days.
Supported by Upward sloping Moving Average

CHF/JPY


CHF/JPY
07-Dec-06:00 -> 23-Dec-22:00
Target Level: 116.9145
 
SL: (A) 116.1675 Last TP of Falling Wedge
RL: (B) 116.9145 Last TP of Falling Wedge
Target Period: 2 days
 
Interval4 hour
PatternFalling Wedge
Length39 Candles
Identified23-Dec-22:00
Falling Wedge identified at 23-Dec-22:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 116.9145 within the next 2 days. 

AUD/JPY

 

AUD/JPY
02-Dec-18:00 -> 24-Dec-02:00
Target Level: 78.8260
Target Period: 2 days
 
Interval4 hour
PatternResistance
Length51 Candles
Identified23-Dec-18:00
Approaching Resistance level of 78.8260 identified at 23-Dec-18:00
Supported by Upward sloping Moving Average

Tuesday, December 22, 2020

Forex Trading

   When trading the forex markets you need to learn to deal with losing trades. This is where using a stop loss will keep your losses small. You need to let your winning trades run and use a trailing stop. Check your charts for support and resistance areas to set your stops. Not every trade can be a winner so you need to except the fact that you will naturally have some losers. If you are new to trading the currency markets you should not trade around news release times. 

  The markets can be very volatile with wide swings in the pairs price. You will make money by staying with the trend and stay out of trades in a range bound or choppy market. Once the forex pairs are in a good uptrend or downtrend you can watch for a small pull back and then place your trades with the trend. The most powerful patterns for Forex traders

Tuesday, December 15, 2020

GBP/JPY

 

 At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : GBPJPY   

Direction : 
Identified time : 2020-12-15 07:03 EST
Breakout price : 139.016
Forecast price : 139.45585
Forecast pips : 44
Probability : 69.87 %

Pattern : Pennant
Interval : 60 Min


Pattern : Resistance
Interval : 15 Min