Online Currency Trading Blog

Buy EUR/USD

Limit order:

Buy EUR/USD @ 1.2930

SL@ 1.2870

TP1@ 1.3045

TP2@ 1.3195

When analyzing the Daily and  hours and  4 hours charts we see a double bottom (“W”).

This is a classic pattern   which with the right volume can breakout and create big move.

There is also resistance @ the level of 1.2900 (this is round number “00” psychological number) and also another support @ 1.2925 level.

The pair also has support at the 23.6% – 1.2845 Fibonacci levels.

If the EUR/USD will breakout , Entrance @ 1.2930 offers a good opportunity to catch the trend.

Bear in mind the that EUR/USD might correct some of yesterday movement to the 38.2% – 1.2815 Fibonacci levels before it returns to it’s uptrend.

All Forex Trading analysis is based on the 4 hour and the daily chart.

Last price:  1.2898

Tags: daily forex analysis, daily forex review, daily review, forex analysis, forex review

Sell EUR/CHF

Limit order:

Sell EUR/CHF @ 1.2793

SL@ 1.2840

TP1@ 1.2740

TP2@ 1.2705

The pair has been declining for the past few weeks.

The daily and the 60 min chart show a clear decline and the pair is trading under the pivot line. There might be a correction to the 23.6% Fibonacci retracement line @ 1.2885 or even to the 38.2% Fibonacci retracement line @ 1.2927. However in case the pair will continue to decline

Entrance @ 1.2793 offers a good opportunity to catch the trend.

All Forex Trading analysis is based on the 1 hour and the daily chart.

Last price:  1.2830

Tags: currency trading, daily forex analysis, daily forex review, daily review, forex analysis

BUY GBP/AUD

BUY  GBP/AUD  @ 1.6880

SL @ 1.6700

TP1 @ 1.6960

TP2 @ 1.7050

TP3 @ 1.7130

All analysis is based on the Daily  chart.

Entry Level: 1.6880

Tags: daily forex analysis, daily forex review, daily review, forex analysis, forex review