TomasRadek

TomasRadek

Dear friends and fellow traders, we are seeing the formation of a top in GBPUSD. I am expecting gbpusd to fall more in the next two weeks, initial target is set at 1.25.

TomasRadek

The current situation in eurusd is very interesting as I think that 0.99 is a very important and strong support level. The bears have not been able to penetrate this level and so a bottom has formed in this area. Now, it is up to the bulls to take the price higher and I expect no less than 1.04 in EURUSD. This is a great chance for the bulls to make good profit...

TomasRadek

This is now a big question for all the traders in CHFJPY. Chfjpy is repeatedly hitting the 143.40 resistance mark. This is now a triple top scenario but it is not yet certain if the price will reverse or if CHFJPY will breakout. If it reverses, then of course, 138 will be the target for the sellers. But, we need a big bearish impulse at the resistance level to...

TomasRadek

After falling heavily during the Asian session, AUD/USD has turned positive for the day but the bulls are not out of the woods yet as the price is still under the crucial moving average in the daily chart. Audusd being a commodity and risky currency is directly tied to the sentiment in the equity markets. If the sentiment deteriorates, AudUsd will fall further as...

TomasRadek

A double top pattern is forming in the Usd/Jpy daily chart which could be a good opportunity for the sellers to step into the market. Expecting heavy decline in UJ once the broad based strength of US dollar falls. Targets are 137, 136 and then 132 long term. Entry can be taken above 138.50. Stops should be set above the previous high.

TomasRadek

GBPUSD has fallen quite a bit for the last few trading sessions. But, price could not breach the support at 1.2450. Good chance for short-term buy trade with tp at 1.2550

TomasRadek

Gbp/Jpy flying high for a long time. Expecting a good correction soon. Watch for rejection candles and wait for sell with 154 target.

TomasRadek

Cad/Chf is hitting an area of resistance. So, there is a possibility that it will fall down from the resistance area. I am expecting a decline in price for this pair with good risk:reward ratio.

TomasRadek

As you can see, this is a flag like formation in GbpJpy. I am expecting a fall till 154 level. So, already sold at 154.85 and holding for 154 target. Stop loss at 155.23

TomasRadek

Nzd/Usd will be in correction phase and I think we can benefit from this by buying here. Price has high chance of reaching 0.72 level. Planning to buy and tp at 0.72

TomasRadek

EUR/JPY has reached an area of supply and currently forming rejection candle pattern at the supply area. A fall back to the support level is expected from the current level. Selling the rallies is preferred.

TomasRadek

A correction has taken place in EUR/USD. So, now it is the time to buy the dip and target the 1.2200 level as the take profit area. Expecting a continuation of the uptrend.

TomasRadek

Gbp/Jpy has gone through a correction. Utilize this correction to buy the dip and target the 152 level.

TomasRadek

The recent dip is a buy opportunity in Nzd/Usd. Expecting a rise to 0.7250 soon.

TomasRadek

Eur/Cad could not break the resistance line. So, expecting a decline in price to the level of 1.5050 at least.

TomasRadek

EUR/USD has been rejected at the resistance line with a long doji candle. This indicates that sellers have gained control of this and will continue to pull the price lower. Sell on rise and target 1.1850

TomasRadek

Eur/Aud sell idea. Not much support now. So, price may drop to 1.53 this week.

TomasRadek

Buy idea for Gbp/Usd. 1.39 is a possible target