NZDcad Shorting

Hi Everyone ,

The Forex Mechanics have started shortng on NZD\cad We will gunning for like 100 pips on this pair.

If you Check the weekly Time frame . There are two things we are seeing 1. The well respected Downward Trend which started from 2010 . You said but it break to the North well we don't think so because of the double to at 0.87789 level. When you zoom to Daily there are series of rejection at that level . And The third is that the major trend is down. We have taken the risk of shorting Our first Take Profit will at 0.8597 which is about 178 Pips.

Check Daily Chart Below

Please this is just for educational purpose and does not mean you should trade with us. If you do you are your own.

Buying AUDjpy

Hi Everyone,
Sorry didn't know what i was doing . Mistakenly deleted  post .
Anyway we are buy AUDjpy and our buy stop has been triggered

our Take profit will be  74.951 now


Take care guys

Still Waiting To See Where EURusd will go

Hi Everyone,

The Forex Mechanics are saying we should wait  a little longer to see what EURusd will do  next . On daily time frame it seem it will continue North but when you   look at weekly time frame. It has hit the Resistance at 1.13601.See it below

If it breaks that price level of 1.13601 and closes on it then the next profit target will 1.14463 which is about 82 pips from where it is now.

So guys see you later.

Watching EURusd

Hi Everyone,
The Forex Mechanics are very much expecting EURusd to fall like a pack of card just like EURcad did.

See Analysis below

On a monthly Time Frame The Forex Mechanics sees a trend Line that is well respected and we see that region as key decision area See it below

That trendline has been well respected since 2008 So the price is going to hit the trend line in future . But there is nothing like a straight movement in Forex it moves in a zig zag way meaning that along the way it will reverse at some key level areas on a lower time frame . This is why we are going to be looking at the weekly time frame below.

                         

At the Forex Mechanics Workshop we believe that the price will hit 1.13687 which is a key level area on a weekly time frame before reversing. But lets see what is happening on a daily time frame Below 

The price has broken another area of reversal  at 1.12255 level if the price closes above  1.12255 price will continue to the North but if it will reverses it the price closes below 1.12255 . So  The Forex Mechanics are watching.

See you later guys