USDCAD Price Action Signal

Hello Price Action Traders.

USD/CAD

Last week, the USD/CAD fell after the retest of the 1.09800 level. Thursday the Loonie formed an Inside Candle followed by an engulfing Pin Bar. Looking at the Price Action, the pair rejected firmly the 1.08250 level after a day of indecision. In addition, the 200 simple moving average maintains a strong bullish slope. A breakout of the pin’s high could be an opportunity for a buy. Keep in mind, however, that there will be the Bank of Canada Interest Rate decision next Wednesday.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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End of Week Forex Analysis August 29

Hello Traders!

This is my End of Week Forex Analysis Video:

Have a great weekend!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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Silver Price Action Outlook

Hello Price Action Traders.

SILVER

Silver keeps falling below its 21 EMA. Yesterday the metal rejected the moving average plus the 19.73 level forming a bearish Pin Bar. Today the price action has formed an Inside Candle. Once the market is trending the odds are that it will continue to trend. However, wait for the Inside Candle’s low to be broken before considering short positions.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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End of Week Forex Analysis August 15

Hello Traders!

This is my End of Week Forex Analysis Video:

Have a great weekend!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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AUDJPY Price Action Outlook

Hello Price Action Traders.

AUD/JPY

The AUD/JPY is trading sideways since April, failing to break the 96.090 resistance.
That level has been tested nine times and held but bulls are willing to buy dips. Looking at the Price Action, the pair formed a Pin Bar on Friday rejecting the 200 SMA. This might be a clue for a short term trading idea if the price breaks above the candle’s high. Resistance could be found at the 95.180 level.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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End of Week Forex Analysis August 8

Hello Traders!

This is my End of Week Forex Analysis Video:

Have a great weekend!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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EURJPY Price Action Signal

Hello Price Action Traders.

EUR/JPY

The EUR/JPY extended gains Friday making a spike above the 137.70 level but closed below it for the third consecutive day. In addition, the pair formed a little Pin Bar after an Inside Candle showing some signs of weakness. Looking at the Price Action, this could be an opportunity for a sell if the price turns back below the previous low. Keep in mind, however, that there will be the ECB’s Interest Rate decision this week.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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End of Week Forex Analysis August 1

Hello Traders!

Take a look at my End of Week Forex Analysis!

Happy Weekend and stay tuned!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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GBPUSD Overview

Hello Price Action Traders.

GBP/USD

The GBP/USD keeps falling since July 16 after the rejection of the resistance at 1.71650. Today the Cable has violated the bullish trendline showing a sign of weakness and has reached the 1.69 zone. In the daily chart 21 exponential moving average maintains a strong bearish slope. Furthermore, the better than expected US GDP data (QoQ, 4% vs 3.0% cons.) boosted the Dollar. However, I would wait for a Price Action signal before placing an order. On the upside, resistance resides at the 1.69950/1.70 area. Further down, support lies at the 1.68200 level.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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End of Week Forex Analysis July 25

Hello Traders!

Take a look at my End of Week Forex Analysis!

Happy Weekend and stay tuned!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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