Profit Fx

Good morning traders!

Here is my current view on EURUSD - there was a significant gap in the opening price which has now moved back to the market close price from Friday last week. Price has reached the 1.15212 resistance level where I will be looking for a signal from price action to indicate a potential move lower down.

Here is the current view on EURUSD on H1

Some pin bars hitting the 200 period moving average and the short term trend line has been supportive of price movements. Any move higher up should target the marked resistance level.

A break lower down can potentially signal a move lower down

Lets see what shakes

Slow markets on USDZAR as US and China trade talks are underway from 09 June 2025. Hopefully we will get a catalyst for the next market move coming out of the trade talks.

Here is my current view on EURUSD on H4

Looking for a break or a bounce off the lower trend line

Price action will signal the move either way

USDZAR has potential to go long after hanging around the 17.75479 level from the third quarter of May. Although the RSI shows sellers losing momentum this pair can move deeper into oversold territory before the real move starts playing out.

I'll be watching price action for clues - a break below the 17.54 level can change things but watch out for false breaks! Again price action will be key here.

Always exercise good risk management!

Good morning traders

Here we have the current view on USDZAR moving bearish below the 50 sma with a recent touch to the falling trend line drawn on two previous significant higher lows.

From here the market can drop further although a breakout above the trend line can indicate a shift towards a bullish trend.

Breakouts, support and resistance and price action will be key in making a reasonable decision in terms of market direction

With a lot going on I'm looking at some long term trades using an algo that takes the RSI and some other factors into account - this is an ooooold algo that was mostly used on the H4 time frame but that maarket can be noisy at times, especially when doing trend trading.

So looking at how things run on the higher time frame (D1) to see how cancelling out the market noise affects trading.

This is a very slow way of trading that takes exceptionally little time but the rewards can be beautiful. Now busy building a trade history to analyze the trades and results

Peregine Capital making waves in the invetment industry

South African hedge fund turned R1 million into R130 million The high-growth hedge fund returned 13,147% since its inception on 1 February 2000 – an annualised return of 23.67%.