WINEGOTRADES

WINEGOTRADES

We went long on USD/CAD and took 87pips profit before price dropped on last Friday during the American session. The broad-based USD weakness following FOMC chairman Jerome Powell's speech at the Jackson Hole Economic Symposium was the reason USD/CAD dropped to find support (our previous entry). Entry, stoploss and take profit will be posted on premium channel.

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AUD/JPY is trading in downtrend, and it has created series of lower high and lower low. price is expected to continue its trend. consider taking a short position.

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In my previous AUDUSD post I mentioned that I expect AUDUSD to retrace to 50%-61.8% fib. level. audusd is expected to resume Its bearish moves.

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The usdcad pair plummeted to a fresh weekly low during the American trading hours on Tuesday. The pair is expected to rally after a successful test of 1.2573 support.

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NZD/USD could face some additional pressures in the open on Monday as news circulates over the prospects of a worsening wave of coronavirus. On Friday, NZD/USD closed at 0.6830 and up by some 0.1% as the US dollar gave back some ground with a rise in risk appetite on Wall Street. We will take a long position when price gets to us. Entry, stoploss and target...

WINEGOTRADES Updated 

Eurjpy has found support and price has been rejected. also spotted is a double bottom chart pattern. Price is set to go bullish

WINEGOTRADES Updated 

My chfjpy bias is bearish based on H4 OB. Entry, Stop loss and target are indicated on the chart.

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HTF all showing bearish move. entry, stoploss and target are all indicated on the chart

WINEGOTRADES Updated 

price has broken descending trendline. We can expect this pair to recover.

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The worsening COVID-19 situation in Australia continued weighing on the aussie. The AUD/USD pair plummet to fresh multi-month lows during the early NY trading session last Friday. However, we are expecting a rectracement to 50-61.8 fib. level.

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I am expecting further downward move to 0.7250 area before a possible reversal. this pair is on my watchlist. If price eventually breaks 0.738 area we would go long.

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Congratulations to those who sold cadchf. my previous analysis and bias was bearish and till remains bearish for a short-term. here is another selling opportunity.

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Euro index approached the daily support. it has also formed a falling wedge and bullish divergence. A reversal is eminent.

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Dollar index has found a strong resistance after price rallied and holds steady at three-weeks highs. Also spotted is double top chart pattern which indicates price reversal. XXXUSD buy USDXXX sell after confirmation.

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Price has found support and its at a strong demand zone. a reversal is expected.

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Gold is expected to retrace before continuing it bearish movement. buy for a short-term. Follow us for more updates.

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EURGBP buy when price test the double bottom and demand zone.

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The price has completed a falling wedge pattern. It price is also at a very strong support. it may push the price higher soon.