GBPUSD_e is currently rallying around 1.33423. On the 1 Hour Chart , the previous candle closed above the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active up trend . This trend is supported by the fact that the price is above the previous day's Lowest Low 0.00000
. While we continue to see a sustained move above 0 we expect a surge much Higher with an Ideal Target at 1.24213. At this point, Sell Positions looks ideal and can be recommended with an ideal take profit 1.21751.
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Thread: Look at these charts this week
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31-08-2020, 07:13 AM #1
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Look at these charts this week
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31-08-2020, 07:15 AM #2
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AUDUSD
AUDUSD_e is currently rallying around 0.73534. On the 1 Hour Chart , the previous candle closed above the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active up trend . AUDUSD_e is currently in a range, not going above the previous day's highest high 0.7367,or the previous day's lowest low 0.72523. If the price breaks above 0.7367 then we will consider a long term buy with our target at 0.62001. And on the flipside, a sustained move below 0.7367 will attract sellers with an ideal target around 0.55064
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31-08-2020, 07:17 AM #3
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USDMXN
USDMXN_e is currently rallying around 21.80748. On the 1 Hour Chart , the previous candle closed below the previous 52 Period Exponential Moving Average. While we continue to see a sustained move above 0 we expect a surge much Higher with an Ideal Target at 0. At this point, Sell Positions looks ideal and can be recommended with an ideal take profit 0
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31-08-2020, 07:19 AM #4
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GBPUSD
After breaking above the reistance level on the 4 hours chart expect further momentum to the upperside towards the next level
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01-09-2020, 05:56 AM #5
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Good analytical skills will indeed be needed by traders to be able to see the opportunities and risks that exist when carrying out trading activities on a real account to become Tickmill's trader of the month.
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