Profit Fx

Profit Fx Simple no bs trading
I dont sell anything
Just sharing my knowledge and expertise
Price action is king :)

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ofit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.

Testing kicks off today for MT5 coding of my trading bot "Chartmaster"Lets see what shakes!
28/07/2025

Testing kicks off today for MT5 coding of my trading bot "Chartmaster"

Lets see what shakes!

USDZAR on the weekly timeframe shows price is at an important level when considering the long term 200 moving average as...
02/07/2025

USDZAR on the weekly timeframe shows price is at an important level when considering the long term 200 moving average as the trend indicator - note the confluence with the 17.57367 support level.

This is a break or bounce scenario and I'll be looking for clues from price action to determine the next possible move

I've been watching EURUSD after a few bullish trades to see where things go. Right now my eyes are on the blue moving av...
01/07/2025

I've been watching EURUSD after a few bullish trades to see where things go. Right now my eyes are on the blue moving average and the resistance level at 1.17505 to see how price will react to the level. I'll look for price action buy signals...

EURUSD weekly outlookEuro rally continues—up nine days in a row, trading above 1.17, buoyed by soft U.S. data, geopoliti...
30/06/2025

EURUSD weekly outlook

Euro rally continues—up nine days in a row, trading above 1.17, buoyed by soft U.S. data, geopolitical relief (ceasefire in the Middle East), and market skepticism around U.S. policy

Dollar weakness stems from subdued U.S. economic momentum (slowing PMI, contracting GDP), dovish Fed remarks, and political noise

🧩 Technical Overview
Weekly trend: Clearly bullish, with resistance near 1.1630–1.1745. A breakthrough above 1.1745 could pave the way toward 1.18 and potentially 1.20 mid-year

Support levels sit at 1.1679 (minor) and 1.145–1.1604 (key zones). A dip below these could trigger consolidation or a pullback

Momentum & indicators: Overbought territory—but weekly indicators remain tilted upward, suggesting bullish continuation is still favored

🧭 Outlook for the Week Ahead
Bias remains bullish as long as 1.1679–1.1600 holds.

Near-term targets: 1.1745, then 1.18+.

A break below 1.1679 could open the door to a 1.15–1.16 pullback unless broader dollar weakness persists

🗓 Key Events to Watch
U.S. economic data: Nonfarm Payrolls (July 3), ADP, JOLTS, ISM PMIs

Speeches: Fed Chair Powell & ECB’s Lagarde

Month-end flows and geopolitical headlines

💡 Takeaway
Bullish momentum is still driving EUR/USD, but overbought conditions and major resistances could spark consolidation.

Stay long-biased on dips, while watching for breakdowns below 1.1679 for signs of retracement.

Good morning traders!Here is my current view on EURUSD - there was a significant gap in the opening price which has now ...
23/06/2025

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 H1Some pin bars hitting the 200 period moving average and the short term trend lin...
10/06/2025

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 ...
10/06/2025

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 H4Looking for a break or a bounce off the lower trend linePrice action will signal ...
05/06/2025

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 ...
05/06/2025

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 tradersHere we have the current view on USDZAR moving bearish below the 50 sma with a recent touch to the f...
29/05/2025

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

21/03/2023

This guy gives clarity to what happened at Silicon Valley Bank

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