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My trade plan for today.

In the USDCAD today priced moved higher up to the 1.40 psych/ 21 EMA level but still managed to close below the 1.397 resistance. Further retest of this level could be a good place to rejoin the short term downtrend. If price breaks this level then we would be looking to further upside and resistance…

Good Morning Forex Friends Movement and closing above 1193 invalidate our correction thoughts and alternate buy idea works.our buy stop trade trigged and first target 1213 has been hit.I am sharing multiple time frame charts analysis.Please have a look. Daily Time Frame Chart Yesterday closing above the resistance 1191-93 invalidate the correction thought.Now this resistance…

As you can see from this daily and weekly audcad chart I noted two things. The weekly chart is bullish where the previous swing high has been taken out. The daily chart has  support at the 0.98000 to 0.98600 levels. Price printed two days ago a candle with a very nice lower wick showing that…

Dear Traders, If you took this bullish trade then lets look at the charts now one day later. Whenever you trade a fib retracement then you just concentrate on the entry but do not wait for confirmation of price. If you are right then you enter on a good price but without confirmation of your…

Good Evening Forex Friends Pricing is moving down towards our buying area.We will look for buy entry once we price reach out but limit.I mention support area in the chart.Please follow the chart below for trade setup . Wish You Best Of Luck & Happy Trading Mati ur Rehman Gold Analyst @ forex.today

Good Morning Forex Friends Yesterday Analysis expected a correction from 1197-97 to 1167.Price move in consolidation phase and close a doji in daily chart.I am still expecting a correction to buy from better price.I am sharing different time frame chart patterns to give a logical view. Daily Chart Daily closing of yesterday candle was doji…

GBPUSD has sold off recently but is still gradually trading higher on the 1-hour time frame. A rising channel can be seen connecting the latest lows and highs of price action. Price is currently testing the channel support and might be due for a bounce back to the top. The 200 SMA lines up with…

Dear all, You may see that price retraced to the previous levelof resistance  which is now support. So far it seems that the level 1.09700 is being tested several times. If we fine tune our analysis we take the help of the 4 hour and 1 hour chart to see if we can gather further…

In the USDCAD today not much has changed, we are still looking to be sellers on any retracement to resistance around 1.39 or any bounce off of the daily 8-21 ema as long as resistance holds. As expected Oil broke the decending triangle that was mentioned in yesterdays post, and went to retest the previous…

Good Morning Gold Riders Yesterday we were expecting a target 1191-93 . Gold move according to our expectations and give a new high around 1199-1200.Price may move little bit more up around 1201-1203 before correction and that correction may end around 1161-67 area.I am sharing different time frame analysis to give better understanding. Daily Chart…

USDJPY appears to have a made a convincing break below the head and shoulders neckline on its daily time frame. This suggests that the pair could be in for more longer-term losses, possibly amounting to around 900 pips or the same height as the chart formation. The 100 SMA crossed below the longer-term 200 SMA,…

USDCAD was left ambiguous today after bears stepped in at 1.395 and oil held its 29.45 support and closed the day above 30$. It was a pretty slow Monday and chances are it will be a very slow week as Asia will not be active for most of the week and there is no Canadian…

Good Evening Forex Friends Our first target for today has been hit at 1181-83 and the second target is still valid that is 1191-93.I am expecting a correction from 1193.I suggest you to move your stoploss at entry point and enjoy the risk free trade. We will look for more good price to buy again…