Forex VPS
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

Activate Cable longs as hammer pattern hammers rallies : FxWirePro | November 20, 2017

Print PDF

Activate Cable longs as hammer pattern hammers rallies exactly at channel support – Spice bull-swings with one touch bids:

Chart and candlestick pattern formed - Rising channel pattern (on weekly plotting) and hammer patterns with bullish DMA crossover (on daily plotting).

Contemplating and synthesizing these chart and candle patterns, coupled with the fact that the intermediate trend has been uptrend that has gone into the consolidation phase, we foresee more likely to spike further.

More upside potential is foreseen as 21DMA crosses over 200-DMAs which is the bullish DMA crossover.

Please be noted that as and when the hammer patterns have occurred on both daily as well as weekly terms, they have shown their bullish effects so far.

Well, for now, the major supports are observed at channel baseline, and bulls have managed to test these levels already, the sustenance above would likely to drag rallies upto 1.3272 where the next strong resistance is observed.

The major stiff resistances are at 1.3272 and 1.3305.

Both the leading oscillators have been constantly converging upwards on both timeframes to signal strength in prevailing rallies.

Trade tips:

Contemplating above technical rationale, it is wise to initiate longs via one touch binary call options for the target of 25-30 pips, we advocate long via the leveraged products that are likely to add magnified impact on the trade yields.

Alternatively, the aggressive volatility traders are advised to buy 2M straps on hedging grounds.

Currency Strength Index: FxWirePro's hourly GBP spot index is displaying shy above 139 levels (extremely bullish ), while hourly USD spot index was inching lower towards -44 (mildly bearish ) while articulating (at 08:58 GMT             ).

Submit Your Comments:

 Forex Trading VPS


Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !