On an hourly timeframe, CADJPY printed a series of Higher Highs and Higher Lows. Using Fib Retracement tool, an Entry Price along with Stop Loss and Take Profit levels are suggested
After the top near 1.85 in August, EurNzd dropped almost 1000 pips. In October the pair started to recover, but failed to reach the previous high, instead found a strong ceiling at 1.82. Since then, EurNzd tried multiple times to pass above this ceiling and dropped back to 1.8 each time. 1.8 acts as a very important psychological level but also as an important...
As my previous analysis My Long positions are open for the target of 1950. Gold is extremely bullish due to Middle East tension rise war between the Islamist group Hamas and Israel poses one of the most significant geopolitical risks to oil, gold and currency market. We see further increase in the gold price. Last week on Friday gold close at 1928$ per ounce. ...
Hello Traders, This the Daily Breakdown for FX:USDCAD on The daily timeframe we already took the monthly and weekly analysis you can check it on #Related ideas what new on this daily analysis! The daily analysis we find our Daily setup entry on a discounted o price with a clear P.O.I below the FVG " Fair value Gap " or IMB, that what we found and we also...
✅On 4H timeframe i am expecting USDMXN to be bearish ✅As per my setup and strategy I am expecting price to fall lower to Tracey 19.80200 before reaching their retracement is possible ✅For more accurate entry, look at 30M or 1H chart for better entry. ✅Plan risk management according to your requirements Note :This is my personal opinion, do not take it as...
Another GBP pair that is looking really interesting where price seems like has broken a super strong monthly support, so if daily manage to stay and close below 0.8300 that works as point zero of this monthly support and bottom of the daily broken structure we might see a possible big drop of atleast 200 pips!
USDJPY has bounced from the resistance trendline today. The pair has triggered a sell signal on the RSI, and ADX has reversed, signalling that the bullish movement has ran out of steam. We anticipate downside today into the 113.200 level.
USDJPY is trending to the upside currently, having broken above the key resistance trendline. We anticipate continued upside into the resistance at the 110.500 level. The RSI is pointing to further upside, and price is showing signs of a continued trend.
EURGBP is trending to the downside at the moment prior to European Central Bank Speeches later today. Technically the pair has broken the bullish structure, and both the RSI and price action point to further downside. We are looking for continued downside into the 0.8505 level.
EURCHF has bounced from the daily trendline prior to the CHF Trade Balance data, which shows the balance between Switzerland's Imports and exports. Technically the pair has broken the bearish structure after a bounce from the higher time frame trendline, and we anticipate continued upside into the 1.0791 level.
AUDNZD is trending to the downside prior to the AUD Westpac Consumer Confidence data, which shows Wesptac's analysis of the consumer market. Technically the pair is trending to the downside and has pulled back into resistance at the trendline, the 200 moving average, and the structure zone. We anticipate continued downside.
GBPJPY has broken the support trendline prior to the JPY Monetary Supply data, which measures all the JPY in circulation, encompassing notes and coins as well as money held in bank accounts. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rates. Technically the RSI is bearish and the pair has broken the...
EURAUD is trading to the upside today prior to the EUR Sentix investor confidence data, which is a monthly survey which shows the market opinion about the current economic situation and the expectations for the next semester. Technically the pair has broken a descending wedge pattern to the upside, and the RSI is indicating a bullish move. We anticipate continued...
EURGBP is trending to the downside prior to the EUR economic bulletin, which launches a new publication, the Economic Bulletin, to replace the ECB Monthly Bulletin. Technically the pair has bounced from resistance and is now below the moving average ribbon. We anticipate downside into the 0.8479.
EURJPY has done a break and retest pattern, with support now turned resistance prior to the EUR Retail Sales data, which measures the total receipts for retail stores in the Eurozone. Technically the forex pair has broken below a key level, and both the trendline and moving averages are above as resistance. We anticipate downside to continue into the 128.740 level.
USDCHF is trending to the downside, and we anticipate the movement to continue to recent lows. The CHF unemployment rate data is to be released within the hour, showing the number of people unemployed domestically. Technically the pair has broken trendline support and rejected upside, and we are looking for downside into the 0.8940 level.
My advisor MarketMiracle generates a LONG input signal for the NZDCAD cross at a price of 0.87016 with a target of 0.89 for a profit of 1.73%. The chart is compatible with the signal in fact the price is oscillating within a triangle and considering the marketSentiment that has passed from positive to negative and a constant upward pressure from large investors (...
EURUSD has been largely affected by inflation concerns. While central banks offered easing measures to combat the impact of covid19 on the economies, the risk for inflation increased. The market is still assessing the risks, which my trigger some volatility in basket of currencies. Regarding EURUSD, it may initially appear EURUSD may be positioned for corrective...