In Higher Time Frames (Monthly/Weekly) this pair broke out of an ascending trend then experienced big pushes down from sellers because our Daily Resistance is at a 61.8% Fibonacci Retracement of that breakout impulse. My bias on the US Dollar/Canadian is to continue shorting this position if price action presents itself accordingly, my interest in this pair is the...
BUY SETUP GBP/USD. Wait for price to touch the blue zone one more time.
THIS IS MY BIAS ON USD/AUD . FIRST OF ALL WE HAVE SEEN A BIG BULLISH MOVE ON THIS PAIR FOR AROUND 500 PIPS. AS HE HAVE BEEN BULLISH FOR MANY DAYS IT NECESSARY FOR PRICE TO RETRACE, WHERE WE WOULD FALL AGAIN IN THIS WEDGE. AND IF WE LOOK AT THE TRENDLINE IN THE WEDGE, WE COULD BE TAPPING THIS WITH ONE MORE 3TH BEARISH TOUCH WHAT WOULD RESULT THAT PRICE WOULD GO...
AS PRICE LAST WEEK WENT DIRECTLY UP WHAT I DIDNT EXPECT, WE COULD BE LOOKING NOW AT THIS SETUP. I BELIEVE NOW MARKET MAKERS HAVE ENOUGH LIQUIDITY TO CHANGE DIRECTION, AS MANY BUYERS WILL BELIEVE WE BROKE OUT AND COMING BACK FOR A RETEST TO CONTINUE. BUT BE AWARE AS WE HAVE ALSO FUNDAMENTALS COMING ON THIS WEEK ON USD. USE ALWAYS GOOD RISK MANAGEMENT!
We can open short term BUY if the price will pullback to Support-Resistance Line and bounce from it. Potential profit will be in 3..5 times bigger than risk.
ON MY FIRST ANALYSIS I MADE I DIDNT WATCHED OTHER FACTORS THAT COULD DRIVE PRICE. SO ON THIS ANALYSIS, I AM MORE CONFIDENT AT THE MOMENT, BECAUSE ITS ALIGNING WITH OTHER PAIRS . BUY SETUP BTC/USD
The Bitcoin cryptocurrency bounced off 50.00% Fibonacci retracement level. The BTC/USD could aim for the $14000 mark during the following trading sessions.
USD index is approaching its support at 7.02(61.8% Fibonacci extension , horizontal pullback support, 38.2% Fiboancci retracement) where it could potentially bounce to its resistance at 7.03 (horizontal swing high resistance). Ichimoku cloud is showing bullish bias where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses...
DXY bounced off its support at 97.03 (61.8% Fibonacci extension , horizontal swing low support, 23.6% Fibonacci retracement) where it could potentially bounce to its resistance at 97.69 (100% Fibonacci extension, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur. Trading CFDs on...
looking for weak usdollar across eurusd, gbpusd,usdjpy, all usd pairs.. lookout for price to come into daily/4hr supply and we will get initial sell off and hopefully continue price down.. cheers.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.145. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.1535. Set the stoploss of these orders at breakout of S2=1.144. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Gold Has been trending nicely although a sell off will come - after leading to a continuation in golds uptrend.
The New Zealand Dollar depreciated about 84 base points against the US Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average. However, the exchange rate bounced off from the lower boundary of an ascending channel pattern at 0.6789 during the morning hours of Monday’s trading session and currently testing a resistance level...