You don't understand a specific financial term ? Visit our Forex glossary
Results 1 to 2 of 2
  1. #1
    Imelda is offline Junior Member
    Join Date
    Dec 2018
    Posts
    4

    Default Forex technical analysis based on breakouts.

    Technical observation
    USD rose towards the resistnace zone 108.90-108.72 but was rejcted around it, right now this pair is rallying on an increasing bearish momentum towards the supportive level marked at 106.58, my expectation is a decline to the support followed by a breakout below it for further bearish price rally towards 104.63. If you sold this pair within the zone mentioned above, hold on to that position with your take profit at 106.58 and stop loss at 109.74.In case of a clear penetartion above 108.90-108.72 then bullish momentum may be anticipated towards 111.35.Right now only short positions may be recommended on the daily chart above.
    Trade recommendation
    Remain short with your take profit at 106.58.
    Attached Images Attached Images
    Last edited by Imelda; 01-10-2019 at 09:20 PM.

  2. #2
    andengireng is offline Banned
    Join Date
    Aug 2017
    Posts
    94

    Default

    For today, the UJ pair will continue its trend up after bouncing at 112,105, you can buy now at that point, with TP at 112,346



Similar Threads

  1. Forex technical analysis based on breakouts.
    By Imelda in forum Forex Forecast
    Replies: 0
    Last Post: 01-13-2019, 09:41 PM
  2. Forex technical analysis based on breakouts.
    By Imelda in forum Forex Forecast
    Replies: 0
    Last Post: 01-09-2019, 09:13 PM
  3. Forex technical analysis based on breakouts.
    By Imelda in forum Forex Forecast
    Replies: 0
    Last Post: 01-08-2019, 09:14 PM
  4. Replies: 0
    Last Post: 11-03-2011, 03:22 PM
  5. Rules Based Technical Trading
    By robogwt in forum ***Trade of the day
    Replies: 0
    Last Post: 09-22-2011, 08:28 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0