Hello my fellow traders, hope you’ll making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. We have posted two charts. The D1 time frame chart is in the comment section, which indicates the support and resistance . On the H1 chart we can see that the pair is moving in the rising wedge with a new higher high while not breaking its previous higher lows. It will be interesting to see if it continues inside the wedge and move up till the resistance or it breaks the wedge support line and starts falling. On the weekly chart you can see that the long term trend is on the down side.

Let us know your views on this in the comment section. Thank you all.

There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.

Ryan.R.Lopes

Ryan Lopes
Ryan Lopes

Ryan.R.Lopes, trader and analyst. Holds strength in Support and resistance, trade-line and breakouts. Having experience in FOREX, COMMODITIES and STOCK MARKET for more than 5 years and now Backed by a powerful team that has more than 10 years of experience.