Archives

30
Mar

Daily Forex Analysis Video 30th March 2016

NZDUSD has finally touched the top of the ascending triangle at key resistance level 0.6879, beginning to form its first bearish candle after 2 consecutive days of gains. In H1 chart, price is clearly exhausted at key resistance level 0.6879, with a significant pull back the moment it touched the...

29
Mar

Daily Forex Analysis Video 29th March 2016

AUDUSD has made significant retracement since resisted and fell from 0.7650, FR61.8%. In H1 chart, price was seen resisted by previous support turned resistance level 0.7567 and has begun falling. Price is most likely to have resumed depreciation since it began to fall from key resistance level 0.7650, FR61.8% in D1...

28
Mar

Daily Forex Analysis Video 28th March 2016

AUDUSD began to retrace since resisted and fell from 0.7650, FR61.8%. In H1 chart, current structure suggested that price may appreciate a little further. A probable falling trend channel is forming and price is about to reach the top which coincides with resistance level 0.7553, FR38.2%. Look for sell opportunity as price...

16
Mar

Daily Forex Analysis Video 16th March 2016

AUDUSD fell for the 2nd day since resisted at previous key support turned resistance level 0.7577, a little lower than FR61.8%. In H1 chart, exhaustion is seen from recent fall and price may begin to retrace before further depreciation. The current structure does suggest that  price may fall further, together with...

15
Mar

Daily Forex Analysis Video 15th March 2016

AUDUSD is now trading above 75 cents, a currency level where RBA gets uncomfortable, increasing the probability of further rate cut to achieve lower currency value. Price is seen beginning to fall just before it reached previous key support turned resistance level 0.7605. In H1 chart, there is still a clear...

14
Mar

Daily Forex Analysis Video 14th March 2016

AUDUSD is now trading above 75 cents, a currency level where RBA gets uncomfortable, increasing the probability of further rate cut to achieve lower currency value. Price is also about to hit a previous key support turned resistance level at 0.7605. In H1 chart, there is still a clear uptrend and...

07
Mar

Daily Forex Analysis Video 7th March 2016

EURUSD gained, got resisted and pulled off from resistance level 1.1037 after U.S. employment change. In H4 chart, price is seen resisted at FR38.2% where resistance level 1.1037 coincides with, signaling for further depreciation. However, price is also likely to appreciate and test current resistance again while market moves into consolidation...

04
Mar

Daily Forex Analysis Video 4th March 2016

EURUSD gained as it rebounded off from key support level 1.0822, wiping out all losses from this week. However, the rebound may not last for long as price reaches the next key resistance level at 1.1037. In H4 chart, there are already signs of reversal and political unrest such as Brexit...

03
Mar

Daily Forex Analysis Video 3rd March 2016

EURUSD was little changed as it finally reached key support level 1.0822, slightly below FR61.8%, signalling for a probable rebound. In H1 chart, price is seen very exhausted from the downward movement and may begin to make significant retracement, most importantly it is at key support level 1.0822. Look for buy...

02
Mar

Daily Forex Analysis Video 2nd March 2016

EURUSD fell further and is about to touch a key support level at 1.0822, slightly below FR61.8%, anticipating for a probable rebound. In H4 chart, the key support level at 1.0802 is slightly lower as compared to the one in D1 chart which can be used as a level for...