UPDATE ON EURUSD 1HR

For me, this pair is still unclear. There's possibility of a break back into the range or breakout of the range to the down side. 1.13000 is still point to watch. More so, there has to be a bar close below 14MA/1.13290 on the daily chart for me to feel a bit more comfortable about taking short orders. For now, i'll like to maintain my position on the sideline.

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

UPDATE ON GBPJPY 15M/4HR

GBPJPY 15MINS

GBPJPY fulfilled one of the forcasted trigger point on the 15min chart at 100MA and has so far had a high/low range of 103pips. This pair is known to be one of the most volatile pair and has an average daily range of up to 150-200pips. So we are looking at some more rally towards 156.xx hopefully in the next few hours. Provided it stays bullish as it is.

The 4hr chart below sheds more light on the possibility of hitting 156.xx/157.xx

GBPJPY 4HRS

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

EURUSD TECHNICAL OUTLOOK ON 1HR, 1Day & 1Week charts

EURUSD 1HR EXTENDED VIEW

Though looking bullish since trending above 365MA for quite a while now, this pair has been range bound between price level 1.13280/400 and 1.14330/470 for now 11 straight days. On the 1hr chart, eurusd looks good to long at if it drops to 1.13280/400 level and exit at 1.14330/470 until there's a clear break of the 1.14330/470 resistance. On the other hand, a break back below 1.13000 will likely see eurusd crashing back to the bottom.

However, if viewed on higher time frames like daily and weekly charts, you will find that eurusd has just reached its 1 year old resistance at 1.1400/450 region and which makes it risky to consider long orders for this pair. More so, a closer look at the weekly chart also revealed a clear double bottom chart formation with price just reaching its neckline from below.

EURUSD DAILY CHART VIEW

EURUSD WEEKLY CHART VIEW

RECOMMENDATION
Except you know what you are doing, i will advice you stay away from this pair till it breaks out of that already 11 days old range zone either to above 1.14500 or to below 1.13000. However, scalpers can still enjoy the swing between 1.13280/400 and 1.14330/470 on lower time frames like 1M, 5M and 15M.

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

GBPJPY DOUBLE BOTTOM FORMATION ON 15M/1HR CHARTS

The gbpjpy pair appears set for some more bullish run as shown on the 1hr time frame figure below. The double bottom formation as marked on the chart is a strong reversal chart formation and its neckline at 154.29 seems already broken and tested once but has failed to go past the 155.00 resistance level. There's a possibility it might retest that neckline at least once, before making the anticipated raise towards 157.00 (MA365)

1HR EXTENDED VIEW

The two other charts shown below are closer view of the double bottom formation on the 15min chart.

15M EXTENDED VIEW

15M CLOSE VIEW

Recommended entry points:

a. MA100 (15mins chart)
b. MA365 (15mins chart)
c. 154.29
d. 154.00 (possible spike)

Recommended stop loss: Below 153.50 (use your discretion)
recommended exit target: 156.50 - 157.00 (use your discretion)

Warning!!!:: A break back below the neckline voids the anticipated upward move hence a possibility of a retest of the 152.00 support.

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

NZDUSD Intraday outlook/Trade advice

NZDUSD no doubt has a clear confirmation of resumption of untrend having broke out of the 0.68000 resistance/psychological price level.

My trading range forcast for audusd for today: 0.68030 - 0.689300

Trade recommendation:

Buy this pair at anywhere around 0.68250/0.68360 (use your discretion)
Stop loss must be below 0.67720
Exit should be targeted at 0.68900 (tp1) and 0.69500 (tp2)

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

AUDUSD Intraday outlook/Trade advice

AUDUSD no doubt has a clear confirmation of resumption of untrend having broke out of the 0.76000 resistance/psychological price level.

My trading range forcast for audusd for today: 0.75860 - 0.77000

Trade recommendation:

Buy this pair at anywhere around 0.76000/0.76120 (use your discretion)
Stop loss must be below 0.75350
Exit should be targeted at 0.76850/0.77000

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

GBPUSD Intraday outlook/Trade advice

GBPUSD EXTENDED VIEW (1HR)

GBPUSD CLOSE VIEW (5min)

GBPUSD clearly indicate strong bearishness from all angle of view. The currency pair is expected to peak at either of the 3 points (sell level);

1. Downward trend line TL-1
2. Resistance at 1.41720 or
3. Downward trend line TL-2 which also double as upper band of the downward price channel as shown in the charts.

My trading range forcast for gbpusd for today: 1.40000-1.41720

Trade recommendation:
Sell entry zones: TL-1/TL-2/Resistance at 1.41720
Stop loss must be above 1.41720
Exit should be targeted at 1.40110/1.40200

Note: A break above 1.41720/price channel means possible reversal

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

EURAUD Technical Outlook on 15min chart

EURAUD on the 15mins chart shows a possibility of a short term reversal attempt after breaking back below support turned resistance at 1.50565.  This currency pair is expected to find resistance at 1.50565/1.50750 region at point (A) as indicated on the chart.

Trade recommendation;

Sell at any point within resistance zone provided by lower band of the broken descending triangle at 1.50565/1.50750
Stop loss should be above 1.51050
Take profit: tp1 (1.50000) ; tp2 (1.49570)

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

AUDUSD Technical Outlook on 1hr chart

AUDUSD 1hr shows a possible attempt at testing failed support turned resistance at 0.76000 psycholigical price level. AUDUSD is expected to find resistance at 0.75900/0.76000 region at point (A) as indicated on the chart.

Trade recommendation;

Sell at any point within resistance zone provided by lower band of the broken descending triangle at 0.75900/0.76000
Stop loss should be above 0.76430
Take profit: 0.75000/0.75100

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

EURGBP Technical Outlook on 15mins chart

EURGBP has had an impressive bullish run in the last couple of days. After breaking out of the ascending triangle formation on the 15mins time frame, we are expecting some more bullish run from this pair (possibly). EURGBP is expected to find support at breakout region at point (A) as indicated on the chart.

Trade recommendation;
Buy at any point within support zone provided by upper and lower band of the broken ascending triangle 0.80100/0.80210
Stop loss should be below 0.79790
Take profit: 50-70pips from entry point.

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

EURUSD Technical Outlook on 15mins chart

EURUSD has consistently tested the 1.14000 psychological price region and failed to break the resistance after 4 days. 15m chart indicates a possible sign of reversal as indicated by downward trend lines. This currency pair is expected to find resistance at point A as indicated on the chart.

Trade recommendation;

Sell at any point within resistance zone 1.13850/1.140000
Stop loss should be above 1.14360
Take profit: Tp1 (1.13370) ; Tp2 (1.13030)

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

NZDUSD Technical Outlook on 30mins chart

NZDUSD 30m chart indicates a possible continuation of downward trend. This currency pair is expected to find resistance at point A as indicated on the chart.

Trade recommendation;

Sell at any point within resistance zone 0.68000/0.68200
Stop loss should be above 0.68500
Take profit: Tp1 (0.67120) ; Tp2 (0.66750)

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk