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GBPNZD Breaks a Four-Year Resistance Level and More Bullish

This was a significant close for a couple reasons. The first reason being that this level has acted as key resistance for more than four years now. Since April of 2011 to be exact.
The second and possibly more significant reason is that this close confirms the Inverse Head Shoulders that has been forming for the past four years.
The weekly chart illustrates the pattern well.
While this may not be the cleanest inverse head and shoulders pattern, it certainly has huge implications for future price…
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EURCAD Breaks Resistance Target Upside trading

Here are two Chart as below as
Euro pair we have been tracking since late May is EURCAD. Although the inverse head and shoulder pattern has taken a few hits recently from the weekly gaps, the pattern (surprisingly) remains intact.
In fact the reversal pattern was confirmed by the rally on June 2nd, however with trend line resistance from 2015 just above we were waiting for a clearer breakout opportunity. Yesterday’s price action appears to have produced such an opportunity.
Although not nearly a…
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EURJPY We can watch for a selling opportunity

Here are two Charts forecast as below as -
From here traders can watch for a selling opportunity as long as the pair remains below former support on a 4 hour closing basis. A close back above this level would negate my bearish bias and would likely result in a retest of the 137.00 resistance level.
If the bears are able to get behind this move in the coming days, the 133.10 is a likely target. That retest would put the pair one step closer to confirming the larger head and shoulder pattern t…
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GBPUSD Potential Sell Entry

Here are two chart For GBPUSD Trading Entry Level indicators as below as -
Two weeks ago the pair gave us a nice bull flag on the 4 hour time frame . Upon breaching resistance, the pair ran for 540 pips before finding selling pressure at the multi-year high at 2.4025.
I want to emphasize the fact that the Double Top Pattern shown below is not yet an active setup as the neckline at 2.3155 remains in tact. Only a close below this level would confirm the topping pattern and open up the potential f…
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USDCAD Formed Bullish Pin Bar

When USDCAD This pair already formed Bullish Reversal Pin Bar on daily chart and also we saw weekly Chart trading. If we go to buy position in this week , we can get good pips for our trading buy signal first target 1.3350 -then 1.3400-1.3450 level.we can see chart below..
In our view the wealth effect from the surge in the housing market continues to underpin consumer demand. Housing price gains have averaged nearly 2.0% a year over the past five years, helping insulate Canada to some degrees f…
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Trade Idea- For USDSGD The Weekly Trading

There’s a chart that stands out – USD/SGD. The pair is at five year highs (USD lows). There is a double top formation, respecting big figure resistance at 1.4300. The resistance point coincides with a Fibonacci Method 100% touch and reversion. Any one of these three factors might signal a sell trade – the combination of the three sets bells.
Selling at current levels, Stop loss with clear of 1.43255 , traders may consider a number of targets. The Fibonacci methods 61.8% reversion suggests a poin…
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