alextrader79 / Profil

USD/JPY is trading near the 113.35-113.75 offers area at the moment. The continuation of the downward trend is expected today. I’ll sell after the breakout and retest the 113.15 level. The best level for taking profit is 112.50.

Purchases dominate on GBP/USD at the moment. The pound rose significantly against the US dollar yesterday. I’ll open positions in the current trend direction. I plan to buy GBP/USD, if the price fixes above the 1.2510 level. Potential movement - to 1.2550-1.2575.

The correction is expected on the USD/CAD pair. My favorite PA pattern, the ‘Inside bar’ has formed. I will sell if the price overcomes and fixes below the 1.3255 local support. Potential movement - to 1.3185-1.3120. Maybe I’ll hold this position for a few days.
Wish you all great profits!

There is buyers strength can be seen on EUR/USD. The euro has overcome and fixed above the 1.0715 key resistance level. I’ll open transactions in the current trend’s direction. I’ll buy EUR/USD after the breakout and retest of the 1.0755 mark. Potential movement - to 1.0800.

The USD/CAD pair has reached 50.0% of the correctional area for now. I will look for the entry points into short positions today. I’ll sell after the breakout and retest of the 1.3250 mark. The next target for taking profit is 1.3180.

The inauguration of Donald Trump will be held today. Investors sell US dollars at the moment. This is due to the uncertainty in the economic reforms of the newly elected US President.

AUD/USD
A series of "internal bars" PA patterns has formed on the H4 chart. I’m going to open a long position if the price consolidates above the 0.7575 level. Potential movement - to 0.7625-0.7650. Confirmations can be found at the younger time frames.

The ECB will make a decision about the future of monetary policy today. So, I won’t open any transactions on EUR/USD. I plan to wait for the decision of the Central Bank and the official statements. I will watch how the price reacts to the key levels. For myself, I highlighted the following ones:
support - 1.0580, 1.0525
resistance 1.0675, 1.0715

The pound corrected significantly against the US dollar yesterday, after a great increase on Tuesday, January 17th. The currency reached 38.2% of the correctional area. I plan to buy GBP/USD after the breakout and retest of the 1.2300 mark. Potential movement - to 1.2400. I’ll also buy if the price reaches 50.0-61.8% of the correctional area. Confirmations should be found at the younger timeframes.

I plan to open a short position on USD/JPY today. The sales dominate on the market. I’m going to open transactions after the breakout and retest of the 113.00 level. The nearest objective for taking profit is the 112.60 mark. At the same time, I’ll monitor the news on the US economy.

The Euro grew up against the US dollar during yesterday's trading. There are "bullish" sentiments on EUR/USD at the moment. I plan to open positions in the current trend’s direction. I’ll buy after the breakout and retest of the 1.0715 local resistance level. Potential movement - to 1.0750-1.0775. We also have to pay attention to the news from the EU.

AUD/USD has overcome the 0.7515 local resistance level. We can notice the power of buyers at the moment. I plan to look for the entry points for opening long positions. I’ll buy the pair if the price consolidates above the 0.7535 level. Potential movement - to 0.7585.

The US dollar fell against major world currencies during the Asian session. Aggressive sales were observed on the USD CAD currency pair. I plan to open a transaction towards the current trend. I’ll sell USD/CAD after the retest of the 1.3115 “mirror” resistance level. Potential movement - to 1.3065.

The yen considerably strengthened against the US dollar (by more than 250 pips) over the past week. I’ll open transactions in the current trend’s direction. I plan to sell USD/JPY, if the price consolidates below the 113.85 local support level. The best level for taking profit is 113.25-113.00. I’m going to hold this transaction for a few days.

The GBP/USD pair opened in the gap down more than by 175 points today. This happened due to the “hard Brexit” pressure. I’ll open transactions according the “gap” trading rules. I plan to buy after the breakout and retest of the 1.2055 mark. Potential movement - to 1.2120. The risk on this trading instrument will be reduced.

Technical picture on the USD/CAD currency pair indicates the development of a downward trend. I plan to sell after the breakthrough and retest of the 1.3420 support level. Potential movement - to 1.3395.

Technical picture on the USD/CAD currency pair indicates the development of a downward trend. I plan to sell after the breakthrough and retest of the 1.3420 support level. Potential movement - to 1.3395.

Enregistré à MQL5.community