The Australian dollar is under pressure. A series of lower highs was followed by lower lows. AUD/USD is currently trading just around 0.74, after having dipped below this round number. The pair is at its lowest since January 11th, a near 4-month low. Why is the Aussie suffering? AUD/USD fall: blame China and also the US China continues having [...]
The post AUD/USD dips under 0.74 – 5 reasons and levels to watch appeared first on Forex Crunch.
After a debate dubbed as “nasty”, it seems that Marine Le Pen’s nasty party and nasty approach did not win the day. Centrist Emmanuel Macron now leads by a margin of 61% against 39% for Le Pen. This is according to a fresh daily Opinionway poll which showed 60/40 yesterday. The IFOP poll published yesterday [...]
The post French elections: Macron widens gap after the debate – EUR/USD ready to break higher? appeared first on Forex Crunch.
After having a long bearish ride on the H4 chart, the USDCHF has been choppy for some days. The price has been trapped on a horizontal channel. There is a Down Trending trend line as well. Yesterday, however, the pair produced a bullish daily candle. Moreover, a Double Bottom has been formed at the level of 0.99000. These equations suggest that we might see a breakout towards the upside to offer us long entry by the pair later today…
USDCHF Free Forex Trading Signals – 4th May 2017
As we see on the chart that the pair produced two consecutive H4 candles right from the Double Bottom level. The price found its resistance at 0.99460. So far, there is an H4 Hanging Man and the next candle is not finished yet, but it seems to be a bearish one. If the price comes at 0.99250 and produces H4 reversal candle at 0.99250, then the buyers will be waiting for a breakout at 0.99460 to take long entry.
Let us have a look at the summary of the trade
Ideally, we should wait for an H4 breakout at the level of 0.99460. To take a trade on an H4 chart, an H4 reversal and then an H1 breakout do the trick. However, since the price on this trade setup has been on a heavy range, thus it is better to wait for an H4 breakout. I mean a good-looking H4 Engulfing candle has to breach through the resistance level, so that we can ride on that potential bull ride.
You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.
We hope that you enjoy our Free Forex Trading Signal today: USDCHF Free Forex Trading Signals – 4th May 2017
The post USDCHF Free Forex Trading Signals – 4th May 2017 appeared first on Advanced Forex Strategies.
The UK services PMI was expected to slip from 55 points in March to 54.5 in April. The services sector is 79% of the UK economy, making this last in a series of three PMIs the most important one of all. GBP/USD was trading around 1.2880, recovering from the lows it had experienced after the [...]
The post UK Services PMI April 2017 beats with 55.8 – GBP advances appeared first on Forex Crunch.
