Felipe Erazo

In the yesterday session, the GBPUSD was moving in ranging, showing an unclear trend in the short term for this pair. The GBPUSD is facing with a resistance level at 1.5369. The cable is currently developing a lower high pattern, which, if it does a breakout at the resistance level in 1.5369, the cable can […]

The EURUSD had a week very bullish, which, provided many opportunities for traders to place buy orders in this pair though, we must be careful with this sudden “change of trend” because it could be a “false positive” . The EURUSD has started this week, moving in range and currently, is facing a resistance level […]

The Aussie had a week with ups and downs,  but the last week closed with the domination of the bears against the bulls. ¿Will the bears continuing to maintain control over the AUDUSD for this week? The AUDUSD found support at the 200 day moving average, causing there a bullish rebound, which is leading to […]

The GBPUSD made ​​significant resistance breakouts last week, which led to this pair to take a very bullish way. The cable is developing a lower high pattern in this graph, after having made ​​a breakout of resistance at 1.5307. It is very possible that the GBPUSD rises to 1.5416 resistance, but we must be careful […]

The NZDUSD was very bullish the last week, breaking important resistance’s levels but we must pay attention to this currency pair, because the kiwi is showing some overbought conditions. The NZDUSD is forming a lower high pattern on the daily chart. Currently, is near at the resistance on the upside in 0.8437, that in case […]

The GBPUSD was bullish in the yesterday’s session, because of the good readings in some economic calendar’s events that have “positive” impact in the cable. ¿Will continue the bullish trend for today? The GBPUSD found strong resistance at 1.5242, which is currently, forming a posible lower high pattern, to continue its bullish trend, which is […]

At yesterday’s session, economic data were published (Building Approvals and Retail Sales), giving a bullish momentum to the AUDUSD in the early hours of the day, because the readings were positive for the aussie, but the bullish momentum was slowed in the final hours of the session. The AUDUSD is respecting the uptrend line on […]

The EURUSD rose about 40 pips in yesterday’s session, touching a strong resistance on the way, that stopped their upward momentum. ¿Will the EURUSD go bullish or bearish for today’s session? The EURUSD found strong resistance at 1.2858, near the 200 day moving average. At that level, they formed a strong “congestion zone”, making a […]

The EURJPY has shown interesting bearish patterns, which, supported not fall in the next session for the EURJPY. ¿Are we watching a full domination of the bears in this pair? The EURJPY had a break of the uptrend line at the beginning of this week, which led to this pair to have fallen over 100 […]

In Tuesday’s session, the UK Manufacturing PMI was published, which, was 48.3, lower than the 48.9 forecast, after that, the GBPUSD fell over 140 pips. ¿Will the bears continue to dominate the bulls, for the rest of the week? On the 1 hour chart, we can see that the GBPUSD is below the 200 day […]