GBPCAD Analysis: Sellers Gain Control
Balance of buyers and sellers on the GBPCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
Showing 26 results tagged USDJPY Clear
USDCHF: Can Trendline Support Hold the Uptrend?
USDCHF is correcting after being rejected near the upper edge of the rising channel. The decline has brought price back to the lower trendline, which has supported the trend several times before.
GBP/USD: 70% of Retail Traders are Short
My overall bias is still bullish, but at current prices I’m not interested in chasing the move. From a technical perspective, the structure remains constructive. Since the June lows, GBP/USD has developed a clear bullish sequence and is now trading inside the 1.3560–1.3650 resistance area. This is exactly why, despite maintaining a bullish outlook, I would rather see a pullback before looking for new long opportunities.
EUR/USD Consolidates to Continue Bullish Trend
EURUSD has entered a bullish consolidation phase. The Euro's sharp rise is underpinned by a sell-off in the US Dollar (USD) following a slump in US bond yields.
Forex Trend-Following Strategy: A Price Action Guide
This infographic breaks a classic trend-following approach into six steps — from identifying the trend to managing risk. Here's how each piece works.
NZDUSD
Daily timeframe we have failed to break below the daily support showing us its a strong level.