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Market Analysis

June 10th, 2019 @ 6:59 am by Muhammad Azeem

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Intraday predisposition in USDCHF stays on the sideways for the minute and Forex traders ought to consider just no long trades and no short trades against the current USDCHF sideways pattern. In fact; bullish and bearish legs has created a choppy pattern and expect price action to move in a trading range, today.

 

Imperative buy zone for buyers is available at 0.9858, in the light of latest swing low in fifteen minutes chart of USDCHF and imperative sell zone for sellers is available at 0.9949, in the light of latest swing high in fifteen minutes chart of USDCHF. Due to trading range day, I might like to quit trading USDCHF and first wait for a bullish or bearish break out in 15 minutes chart.

USDCHF Forex Analysis

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June 10th, 2019 @ 6:58 am by Muhammad Azeem

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With a good momentum, the price of USDJPY Spot Forex pair is moving up and currency traders may attempt to look for a buy trading chance to join the up trend. Price action is stepping high and we expect market to keep rising up towards 108.70 price target area.

 

Multiple bullish legs pattern could be seen in USDJPY price action. Key support level is present at 108.36 price level, based on most recent swing low in 15 minutes time frame of USDJPY. However, a clear bearish break down in price action below 108.36 vital support area will end the up trend. In such type of Forex trading market situation, avoid buying and selling USDJPY and just keep re-analyzing the price movement.

USDJPY Forex Analysis

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June 10th, 2019 @ 6:57 am by Muhammad Azeem

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Bearish collapse in price action could be seen in Friday’s trading session to a fresh new low in GBPUSD 15 minutes chart. An upside retracement in price action should be consider as a good opportunity to sell the rally, which is probably a good idea to do in a down trending market environment. It looks quite obvious that sellers are in control of the market and aggressive selling could slide the market even below 1.2690 target region.

 

A strong rejection of key resistance at 1.2725 price level has been detected. However; a clear bullish break out above 1.2725 key resistance level would neutralize the near term bearish trend. In this case, I would prefer to stay out of the market and re-analyze the price action.

GBPUSD Forex Analysis

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June 10th, 2019 @ 6:56 am by Muhammad Azeem

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With a solid sideways market, the value of EURUSD spot Forex pair is moving no place and Forex merchants could notice that value of EURUSD is activity printing all over swings, which means no Forex trading possibilities for the Friday.

 

Various bullish and bearish legs could be seen in EURUSD value activity and market could hit a buyer point or a seller point and the value of EURUSD is direction looks vague. Market activity is venturing down and venturing up, resembles a Zig Zag design in between seller and buyer points. Seller point is available at 1.1308 value level and buyer point is available at 1.1250, in view of latest swing high and swing low in fifteen minutes time span of EURUSD. In any case; a bullish break out in value activity above 1.1308 seller point or a bearish break down in value activity underneath 1.1250 buyer point will kick begin the new market trend. In this way, in light of the present market circumstance, abstain from buying and selling EURUSD and simply keep re-analyze the market development.

EURUSD Forex Analysis

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June 7th, 2019 @ 4:13 am by Muhammad Azeem

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With a good momentum, the price of USDCHF Spot Forex pair is moving up and down and looks like Friday is going to be a range trading day for currency traders. Price action may attempt to hit a support area or resistance area and there is a fifty – fifty chance for the USDCHF market to rise up or falls down.

Multiple bullish and bearish legs pattern could be seen in USDCHF price action. Key support level is present at 0.9878 price level, based on most recent swing low and key resistance level is present at 0.9960 price level, based on most recent swing high in 15 minutes time frame of USDCHF. A good idea is look for a bullish break out or bearish break down in near future price action. Right now, there is no trading opportunity for the day. Henceforth, I may jump at the chance to stay out of the market in USDCHF price action.

USDCHF Forex Analysis

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June 7th, 2019 @ 4:12 am by Muhammad Azeem

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With a solid sideways market, the value of USDJPY spot Forex pair is moving no place and Forex merchants could notice that value of USDJPY is activity printing all over swings, which means no Forex trading possibilities for the Friday.

Various bullish and bearish legs could be seen in USDJPY value activity and market could hit a buyer point or a seller point and the value of USDJPY is direction looks vague. Market activity is venturing down and venturing up, resembles a Zig Zag design in between seller and buyer points. Seller point is available at 108.02 value level and buyer point is available at 108.55, in view of latest swing high and swing low in fifteen minutes time span of USDJPY. In any case; a bullish break out in value activity above 108.55 seller point or a bearish break in value activity underneath 108.02 buyer point will kick begin the new market trend. In this way, in light of the present market circumstance, abstain from buying and selling USDJPY and simply keep re-analyze the market development.

USDJPY Forex Analysis

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June 7th, 2019 @ 4:11 am by Muhammad Azeem

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Intraday predisposition in EURUSD stays on the sideways for the minute and Forex traders ought to consider just no long trades and no short trades against the current EURUSD sideways pattern. In fact; bullish and bearish legs has created a choppy pattern and expect price action to move in a trading range, today.

Imperative buy zone for buyers is available at 1.1199, in the light of latest swing low in fifteen minutes chart of EURUSD and imperative sell zone for sellers is available at 1.1308, in the light of latest swing high in fifteen minutes chart of EURUSD. Due to trading range day, I might like to quit trading EURUSD and first wait for a bullish or bearish break out in 15 minutes chart.

EURUSD Forex Analysis

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June 7th, 2019 @ 4:11 am by Muhammad Azeem

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Price action looks solid sideways in GBPUSD and it is moving no place. The market is venturing down and venturing up and currency investors could undoubtedly see that market activity is printing all over mix swings. Upcoming near term direction of the market looks ambiguous and we could expect GBPUSD to hit buy zone or sell zone.

Zig Zag pattern has appeared in intraday chart. Solid long area is available at 1.2668 value level and solid short area is available at 1.2741, in light of latest swing high and swing low in 15 minutes time span of GBPUSD. With reference to the sideways pattern, currency traders ought to consider no sell and no buy trades. In any case; a bearish break down in market activity beneath 1.2668 buyer area or a bullish break out in price activity above 1.2741, helps to bring a new trend in market. In this way, in view of the present market circumstance, abstain from buying and selling GBPUSD and simply keep re- investigating the market development.

GBPUSD Forex Analysis

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