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The EURUSD still trapped in range area of (1.2987– 1.2831). A break in either direction will determine the trading bias in today`s session. Break below (1.2831) could trigger further bearish pressure targeting (1.2779), while break above (1.2987) could trigger further bullish advances testing (1.3196).
We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (1.5155) zones. A proper confirmation would occur if the GBPUSD will manage to fall beyond the (1.5091) support level.
We see better value in short positions.
If the price will go below the first support at (100.82), this would confirm continuation of the bearish trend, towards next objective downwards (100.65) then (100.39) and (99.64) will follow.
Overall the direction remains unclear. USDCHF might close below (0.9580). If seen this will call for more declines to the (0.9481) level. Further down, support is located at (0.9363). Alternatively, above the (0.9799) level it will to be traded to resume its medium term uptrend towards its important resistance at (0.9771).
USDCAD general trend is to the upside.
Break below (1.0313) may trigger further fall of the USDCAD. Going above nearest support level at (1.0392), however, would confirm continuation of the bullish trend, towards next objective upwards (1.0447).
It’s likely that AUDUSD will decline. A break above (0.9705) could be a threat to the bearish scenario targeting (0.9778) even (0.9827). On the downside, immediate support is at (0.9606).
Break below that area should keep the major bearish scenario intact testing (0.9464) area