[GVI Forex]

If you are new to trading, it is like learning a foreign language. This is the first step in your journey so you can understand the terminology. We all went through this process when we started to trade.

Bobby, do you have a glossary he can use.

[Belgrade Bobby]

Resistance and Support

So when you read “support at 1.07500 – resistance at 1.08000” you can see on the chart below what might happen on each of those.

[Belgrade Bobby]

[Okwudili Divine Abuja]

What is resistance and support

[Belgrade Bobby]

Hi Franco – Welcome !

[Franco Maasdorp]

GBPJPY….hi

[Robinson Izuchukwu]

Yes, Bobby, I use the weekly Timeframe or Daily timeframe to watch the market trend. I then use D or 4hrs down for entry.

[Belgrade Bobby]

Welcome Chun ! You got to the right place 😀

[Okwudili Divine Abuja]

Am Chun x by name and am here to trade Forex

[Belgrade Bobby]

Robinson : do you use weekly chart to trade or to pick up the side to trade Intraday ?

[Robinson Izuchukwu]

Thanks, I’ll after the News to see what’s up.
thanks for breaking down for me.

[Robinson Izuchukwu]

Alright, I’ve read the chart, NZDUSD, I’ll post again when I see what I’m looking for.

[Belgrade Bobby]

NZDJPY

First we MUST wait for BoJ and FOMC – then we’ll know where everything goes.

Positioning yourself prior to such a big decisions is suicidal.

Technically speaking, that support at 89.800 has to hold for continuation of the Uptrend –

If lost, next one that can underpin it is at 85.300

Now this is where that knowledge on trading crosses comes to play – Based solely on the chart, I would tell you that we’ll be seeing few more weeks down at least….but it all depends on Majors…and it all has to wait on BOJ and FOMC !!!

[Belgrade Bobby]

NZDUSD Weekly

My view Robinson 😀

I picked up that Support trendline back in past….make sense to me.

0.58550 & 0.56950

[Robinson Izuchukwu]

Thanks so much for the explanation,
Based on the technical analysis, should we look out for bull run?
NZDJPY

[Belgrade Bobby]

Robinson – NZDJPY Monthly

I have added some of my Channel lines , so now you have a channel within channel .

I am going to ask Jay to explain basics of Cross trading – when you have much more influence on rate of the cross coming from Majors like USDJPY & NZDUSD – it is very important to understand that part , as charts might not be enough to trade such a pair like NZDJPY

[Robinson Izuchukwu]

Weekly view on NZDUSD, looking like down trend as it’s broke the support Trendline🤔🤔.

My poin of view, price might retrace back to 0.59436 Up….
the downtrent support 0.55287.

[Robinson Izuchukwu]

Weekly view on NZDJPY, I need more enlightenment🤔🤔.

[Robinson Izuchukwu]

Thank you, I’m glad I’m making progress, Thank you bobby.

[Belgrade Bobby]

Robinson,

You got it Right 🙂

I have posted this in Main Forum, but here it comes here as well 😀

EURUSD Daily chart

EURUSD Daily

OK, we have a Clear break…finally….

Now Resistance comes at 1.08250

Supports at 1.07500 , 1.07250 & 1.06850

[Author]

Posts