linofx1

linofx1

The heavy sell-off was triggered by soft economic data from France which not only darkened the already gloomy outlook but increased fears of a recession in Europe. Euro bears went on a rampage yesterday, dragging the EURUSD to levels not seen in 20 years as traders cut bets on European Central Bank (ECB) rate hikes! Prices are heavily bearish on the daily...

linofx1

EURNZD leaves multiple bearish clues: the price broke a support line of a rising wedge pattern and a neckline of a head and shoulders pattern. I believe that the pair may drop. Goals: 1.6555 1.64

linofx1

NZDCHF is nicely recovering after a sharp bearish rally. Reaching a major weekly demand zone, the price completed a harmonic abcd pattern. On 4H time frame, the price formed a double bottom formation and broke a rising wedge pattern to the upside. I expect a bullish move to 0.6055.

linofx1

EURJPY broke the key support level Which has turned into a resistance And now the pair is going up To retest the broken level So I am bearish and I think That the pair will go down after the retest Sell!

linofx1

​​ EURNZD is stuck between a strong horizontal resistance and a rising trend line on a daily. Depending on the reaction of the price to these structures, I see 2 potential scenarios: 📈If the price breaks and closes above 1.683 - 1.687 resistance, I will expect a bullish continuation to 1.708. 📉If the price breaks and closes below a trend line, I will expect a...

linofx1

EURGBP was trading below a key level But now we are seeing a breakout Which makes us bullish biased So I think that after the retest Of the broken level The pair will go up Buy!

linofx1

EURCHF is trading in a downtrend And the pair went up to retest The horizontal resistance level From where I think we will see A bearish reaction and a move down Sell!

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CADCHF is going up to retest a horizontal resistance And because I am locally bearish biased I think that after the retest of the level We will see a move down To retest the support below Sell!

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AUDNZD is trading in an uptrend Along the rising support line And after the retest of the support We are seeing a bullish rebound already So I think that the pair will go higher Towards the target above Buy!

linofx1

EURNZD is trading in a strong bullish trend from the beginning of April. Higher lows are perfectly respecting a rising trend line on a daily. After setting a new high, the price retraced to a trend line again. Pay close attention to a horizontal trading range on 4H. Wait for a bullish breakout of its 1.6635 - 1.6685 resistance to catch a bullish movement. You...

linofx1

​​ ⚠️GBPCAD is trading in long-term bearish trend. The market is steadily going down within a falling parallel channel. The pair is approaching its resistance at the moment. Depending on the reaction of the price to that, I see 2 potential scenarios: 1️⃣If the price breaks a resistance of the channel (we need a daily candle close above that to confirm a...

linofx1

EURAUD is retesting a horizontal resistance level And while I've got a mixed bias on the pair The resistance looks solid enough For us to expect at least a local pullback And a retest of the demand level below Sell!

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USDJPY is trading in an uptrend And seems to be unstoppable However, the current resistance level Is a key weekly level so I think So I think we might see a local pullback Especially considering a rather bearish Price action of the pair on 1h timeframe Sell!

linofx1

​​ GBPCHF recently broke a strong horizontal support area. Retesting that structure, the price formed a double top formation. I believe that we will see a bearish movement soon.Sell!

linofx1

1. Trade only with the money you can afford to lose. Do not take huge positions. You will not be able to manage the emotions. 2. Do not trade to get rich quickly, or because you think it is easy money. The stock market is among the toughest ways to make money. 3. Do not trade when you are in an emotionally unstable place. Trading is all about psychology. 4....

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​​ One more attempt to buy EURGBP. This time, the price is approaching a major rising trend line on a daily. The price formed an ascending triangle on that on 1H time frame and broke its horizontal neckline. I expect a bullish movement to 0.863

linofx1

​​ One more attempt to buy EURGBP. This time, the price is approaching a major rising trend line on a daily. The price formed an ascending triangle on that on 1H time frame and broke its horizontal neckline. I expect a bullish movement to 0.863

linofx1

EURUSD is going up from the support level On the FOMC meeting decision that was milder Than the markets seem to have expected But the pair is still trading in a downtrend And a resistance cluster of the falling And horizontal resistance levels is ahead So I think that we will see a rebound And a move down from the level Towards the support below Sell!