TradeSignalFx

By Deya Hroob This trade set up is based on 4h chart. Update on GBP/AUD trade set up posted few days ago. My TP triggered yesterday at my target 1.7930. The pair continued falling to 1.7875 level. Today it started to correct up and now it is trading at 1.7960, but it is still below the moving averages.  Moving averages and the downtrend line will more likely be big hurdles for the pair to advance. Hence, any move to the downtrend line will be a selling opportunity. Since we shouldn't take any analysis for guarantee, you should use stop loss on all your trades. Trade Wise and Good Luck,

By Deya Hroob This trade set up is based on daily chart. USD/CAD is currently trading  between 20-day EMA as support and 50-day EMA as resistance. The 20-day EMA is at the same level as 0.236 Fibonacci retracement which gives this support an importance. I will wait the price to go above the 50-day EMA to go long with target 1.3830. 1.3830 is a level where I expect sellers will defend their positions strongly. So, for now I am looking for long position. For short position I will wait to see if the pair manages to reach 1.3830 then I may look for sell opportunity. Trade Wise and Good Luck! 

By Deya Hroob As I wrote before in the last analysis about ETH/USD that it can moves in two directions. Yesterday, the pair broke down the trendline which is quite negative. Currently, it is trading around $220. There is a small support at $214 but if it is taken out the next support will be at $190. The broken line becomes resistance now. It's very important to know that the weekly chart of Ethereum is still bearish. And it will be bearish as long as the pair is trading below the downtrend line. Trade Wise and Good Luck,

By Deya Hroob     Trend trading is still very much a viable strategy. As the main trend is down on GBP/AUD on 4h chart , I am always looking for sell opportunities and the best place to sell is the downtrend line with stop loss just above it. I aims to 1.7935 target. Trade Safe and Good Luck,

By Deya Hroob USOIL sank below $38 on COVID-19 fears. Another reason for the fall is that the inventory levels rise in the US. The general storage levels are still above the 5-year average and currently stand at 540.7mln barrels.  Technically: OIL got rejected from the 200-day EMA, however, it found support from 20-day EMA . If bears also clears out this support the fall may extend to $35.50 level. On the flip side, the main hurdle now for WTI is the 200-day EMA. OIL has been trading under it since 24 JAN this year.  Trade Wise and Good Luck,

By Deya Hroob The pair broke up the upper line of the rising wedge two weeks ago. Since then it has been trading in rotation with resistance 0.94 and support 0.9285 Also, the broken upper line of the rising wedge is playing now as support, if you look to the chart , you can see that this line hold the price three times before. If price breaks down the support, the lower line of rising wedge will be the next support. In the flip side, any breakup the rotation may take the pair to 0.9580 level. Just wait and follow the market. Trade safe and good luck!

By Deya Hroob This trade set up is based on 4h chart. NZD/USD is clearly forming a descending triangle. Although this type of pattern is considered as a continuation pattern, ( It means price will continue in the trend direction it was moving before the pattern appeared) but who knows . It may go in two directions. All what we should do is wait the direction of the breakout and trade this breakout. To spot our targets profits, we should look at daily chart  Our bullish target will be 0.6580 the previous daily high. Our bearish target  will be close at 0.6320 since three support structures meet there the 200-day EMA , 0.236 Fibonacci level and finally the support line. Trade Wise and Good Luck!  

By Deya Hroob  Daily Chart ETH/USD is currently trading on an  uptrend line. The price finds support from the trend line and from moving averages . However, $250 level is proved to be the main hurdle for Ethereum, it triggered profit booking  that dragged the price back to the trend line. Now, we have to watch out the chart very closely since we should act as what market do, not what we like to do. Hence, there are two scenarios for the pair: Bullish scenario : We can go long only if the price penetrates $250 level. We can trade the retest of the broken price. Our first target is $290. Aggressive traders may trade when price touches the trend line with stop loss below the line. Bearish scenario : Ethereum will be negative if the uptrend line breaks down. To confirm the break down, we need a daily closed candle below the trend line, after which we can trade the retest of the broken trend. The first target for sellers is $190. Weekly Chart    It's worth me

By Deya Hroob This trade set up is based on daily chart.  EUR/NZD  is rejected from both the strong resistance level and from the 20-day EMA. The pair is trading below the moving averages.  I expect the pair to fall with first target around 1.73 , thereafter 1.72. Our stop loss should be placed  above the resistance structure. Good Luck!

By Deya Hroob This trade set up is based on daily chart.  EUR/GBP  is currently trading within two Fibonacci levels as shown on the chart above. 0.8865 (which is also 0.236 Fibonacci level) is proved to be a strong support, that's why it's one of our buying areas. As the pair is trading near a resistance level, I don't recommend open long position now. We may buy in two conditions: Firstly, when the price revisits the support line, with stop loss below that line. Secondly, when the pair breaks out the resistance level ( What I mean here a breakout is a daily closed candle above this level). Good luck!

By Deya Hroob This trade setup is based on 4h chart.   USOIL has broken out the Head and Shoulders neckline last week to plummet and bounce back from strong support structure and from the 100-day EMA. Now, we have a scenario that price retests the broken neckline and decline again. If we take this trade, you should put your stop loss above the neckline. The first profit target will be the support line. On the flip side , the support structure may provide a good buying area with stop loss just below the support level. Good Luck,

By Deya Hroob Ethereum got rejected from the strong structure today. It failed to penetrate this level for the past two weeks. Now, the trend line may offer us a good place to buy with stop loss below the trend line. Conservative traders may buy on a breakout of the $250 level. ETH/USD will turn negative if it breaks below the trend line. Good Luck, 

By VasilyTrader   CADJPY broke below a decision range on 1H. Now the price is trading below 4H/1H horizontal structure. Based on that sellers may now push even lower. Next goal: 79.4