Devhuti's Posts - Page 2

GBP/USD daily outlook in Experienced Traders Aug 01, 2017 at 14:35

The GBPUSD continued its bullish momentum yesterday topped at 1.3223. The bias remains bullish in nearest term testing 1.3300/50 region. Immediate support is seen around 1.3160. A clear break below that area could lead price to neutral zone in nearest term testing 1.3125 – 1.3075 area which is a good place to buy. On the upside, a clear break and daily close above 1.3350 would expose 1.3500 region. Overall I remain bullish and only a clear break back below 1.3000 key support would interrupt the bullish outlook.

EUR/USD in Experienced Traders Aug 01, 2017 at 14:35

As expected, the EURUSD broke above the “mother bar” yesterday as you can see on my daily chart below, topped at 1.1845. The bias remains bullish in nearest term testing 1.1875 before targeting 1.2000 key resistance. Immediate support is seen around 1.1775. A clear break below that area could lead price to neutral zone in nearest term testing 1.1725 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy and only a clear break below 1.1650 would interrupt the bullish outlook.

EUR/USD in Experienced Traders Jul 20, 2017 at 07:20

The EURUSD was corrected lower yesterday bottomed at 1.1510. The bias is neutral in nearest term probably with a little bearish bias testing a minor trend line support and 1.1500 – 1.1450 support area as you can see on my daily chart below, which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1550. A clear break above that area could trigger further bullish pressure testing 1.1615 area or higher. On the downside, a clear break and daily close below 1.1450 could trigger further bearish correction testing 1.1350 region but as long as stay above 1.1285 ...

USDCHF in Experienced Traders Jul 09, 2017 at 07:24

The USDCHF had a bearish momentum yesterday bottomed at 0.9601 and hit 0.9595 earlier today in Asian session. The bearish pin bar I showed you yesterday gave us a valid bearish signal. The bias is bearish in nearest term testing 0.9550 – 0.9450 key support area which remains a good place to buy with a tight stop loss below 0.9450 as a clear break and daily/weekly close below that area would expose 0.9250 region next week. Fundamental focus today will be on the US NFP number.

USD/JPY in Experienced Traders Jul 09, 2017 at 07:23

The USDJPY had another indecisive movement yesterday but traded higher earlier today in Asian session hit 113.83. The bias remains bullish in nearest term testing 114.30. Immediate support is seen around 113.20. A clear break below that area could lead price to neutral zone in nearest term testing 112.75 support area which is a good place to buy. On the upside, a clear break and daily/weekly close above 114.30 would expose 115.50 region or higher next week. Fundamental focus today will be on the US NFP number.

GBP/USD daily outlook in Experienced Traders Jul 09, 2017 at 07:23

The GBPUSD had a bullish momentum yesterday topped at 1.2982. The bias is bullish in nearest term retesting 1.3050 key resistance which remains a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area would activate my bullish mode targeting 1.3350 area next week. Immediate support is seen around 1.2925 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.2875 region. Fundamental focus today will be on the US NFP number.

EUR/USD in Experienced Traders Jul 09, 2017 at 07:20

The EURUSD had a bullish momentum yesterday topped at 1.1424. As you can see on my H4 chart below price is still moving convincingly above the trend line support and EMA 200 suggests a strong and valid bullish trend. The bias is bullish in nearest term testing 1.1500 – 1.1530 area. Immediate support is seen around 1.1350. A clear break below that area could lead price to neutral zone in nearest term testing 1.1285 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. Fundamental focus today will be on the US NFP number.

USDCHF in Experienced Traders Jul 02, 2017 at 06:54

hello friends

USD/JPY in Experienced Traders Jul 01, 2017 at 12:29

Hello friends

GBP/USD daily outlook in Experienced Traders Jul 01, 2017 at 12:26

Hello friendsHow are you all?

EUR/USD in Experienced Traders Jul 01, 2017 at 12:26

The EURUSD continued its bullish momentum yesterday topped at 1.1445. The bias remains bullish in nearest term testing 1.1500 – 1.1530 region before targeting 1.1615 key resistance. Immediate support is seen around 1.1400 region. A clear break below that area could lead price to neutral zone in nearest term testing 1.1350 area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

USDCHF in Experienced Traders Jun 16, 2017 at 06:53

The USDCHF had a bullish momentum yesterday topped at 0.9770. The bias is bullish in nearest term testing 0.9815 key resistance which is a good place to sell with a tight stop loss targeting 0.9600 – 0.9550 area. Immediate support is seen around 0.9715. A clear break below that area could lead price to neutral zone in nearest term testing 0.9680/50 region. On the upside, a clear break and daily/weekly close above 0.9815 would end the bearish outlook testing 0.9900 area or higher.

USD/JPY in Experienced Traders Jun 16, 2017 at 06:52

The USDJPY had a strong bullish momentum yesterday topped at 110.97 and hit 111.25 earlier today in Asian session. Price broke above the trend line resistance as you can see on my H4 chart below which nullify the bearish bias. I am not bullish yet, but short-term bias is bullish targeting 111.70 – 112.15 area. Immediate support is seen around 110.80. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 110.35 would stop the current short-term bullish bias.

GBP/USD daily outlook in Experienced Traders Jun 16, 2017 at 06:52

The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. The bullish pin bar appeared on H4 chart on June 9th remains valid but need a clear break above 1.2780 to confirm the bullish scenario targeting 1.2900 – 1.3000/50 region. Immediate support is seen around 1.2725. A clear break below that area could trigger further bearish pressure but only a clear break below 1.2635 would nullify the bullish pin bar scenario targeting 1.2500 region.

EUR/USD in Experienced Traders Jun 16, 2017 at 06:52

The EURUSD had a bearish momentum yesterday bottomed at 1.1132. The bias is bearish in nearest term. The false breakout above 1.1285 gave us a valid bearish signal targeting 1.1080 which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1200. A clear break back above that area could lead price to neutral zone in nearest term but key resistance remains around 1.1285 which needs to be clearly broken to the upside to continue the bullish scenario testing 1.1350 – 1.1425 region. On the downside, a clear break and daily/weekly close below 1.1080 would n...

USDCHF in Experienced Traders Jun 12, 2017 at 04:11

The USDCHF failed to continue its bearish momentum last week topped at 0.9727 but still unable to stay consistently above 0.9715 resistance area as you can see on my H4 chart below. The bias is neutral in nearest term but as long as stay below 0.9815 I remain bearish and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 0.9650. A clear break below that area could trigger further bearish pressure testing 0.9600 area.

USD/JPY in Experienced Traders Jun 12, 2017 at 04:11

The USDJPY was indecisive last week but overall still able to maintain its bearish outlook by staying below the trend line resistance as you can see on my H4 chart below. The bias is neutral in nearest term probably with a little bearish bias testing 109.70 support area. Immediate resistance is seen around 110.50. A clear break above that area could trigger further bullish pressure testing 111.00 and the trend line resistance which is a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 109.70 would expose 108.00 region this week.

GBP/USD daily outlook in Experienced Traders Jun 12, 2017 at 04:10

The GBPUSD fell to a 7-week low last week after UK exit poll result indicated a potential hung parliament, bottomed at 1.2635 but closed higher at 1.2743. From a 4H chart perspective as you can see on my H4 chart below, we have a pin bar formed after slipped below 1.2670 support area suggests a potential bullish pressure especially if price able to make a clear break and daily close back above 1.2780 testing 1.2900 region. On the downside, a clear break and daily close below 1.2670/35 would expose 1.2500 region.

EUR/USD in Experienced Traders Jun 12, 2017 at 04:10

The EURUSD was corrected lower last week bottomed at 1.1166. The bias is bearish in nearest term. Price fell below the trend line support as you can see on my H4 chart below suggests a potential bearish pullback but as long as stay above 1.1080 I remain bullish and any downside pullback should be seen as a good opportunity to buy. Immediate support is seen around 1.1160. A clear break below that area could trigger further bearish pressure testing 1.1080 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1250 but key resistance is seen around 1.1285 ...

DEMO ACCOUNT vs LIVE ACCOUNT in New Traders May 03, 2017 at 08:43

Every day is learning day.

EURUSD	1.07627	GBPUSD	1.2551	AUDUSD	0.6621
USDJPY	154.443	USDCAD	1.3677	USDCHF	0.90751

Posts by Devhuti