Looking at the 3 months time frame and we can see that we are at a strong supply zone! Also the fibs lining up perfectly. I'll be holding this position for long time since trading higher TF. Bank of Japan will mostly intervene coming days and we shall see a sharp drop by next Friday! We are trading at 2007 levels and extremely overbought.
Hello friends nice to meet you all hope you have a good day #EURCAD When you look at the big picture, It is moving sideways, drawing a BOX pattern. By looking at the important tail zone in the past wave and calculating the angle of the short-term trend line, a RED short-term trend line was created. With the current decline, There will be a rebound near the...
As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for...
The GBP/USD (British Pound/U.S. Dollar) is the abbreviation for the British pound and U.S. dollar currency pair. Also called “the cable”, this cross belongs to the group of Majors. The GBP/USD tends to have a negative correlation with the USD/CHF and a positive correlation to the EUR/USD currency pairs. The Sterling is one of the four most liquid currencies in...
AUD/NZD Poised to Ride the Bullish Tide: A Technical Perspective AUD/NZD was developing a large corrective "Wedge Pattern" for about 18 days. The top of the pattern was reached on 01-April-2024 at 1.0955 The bullish breakout indicates further growth during the coming days as shown in the chart. The first and the strongest areas will be found near the top of...
As seen on the D1 time frame AUDUSD is still in a downtrend price is currently ready for sells as price is rejecting 61% fib level check next post on how to capitalize on this AUDUSD down move
Weekly: Based on the weekly then price has taken the W-FVG-& closed bellow, now we can anticipate that the price will go for W-SSL, level 1.06011, in the upcoming week. Weekly bias: Bearish. H4: We have confirmed the H4 Breaker with H4-FVG- so in the upcoming week if we have, another STH above & bellow the H4-FVG & breaker then, we are definitely going low....
A new week technical analysis for #eurusd, i am expecting price to come down to that zone, then we buy. The market is still bullish
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
NZDUSD was in bullish retracement for last two weeks. At the moment we see a good bearish setup, if plays well can give good returns. Keep an eye!
Quick update on GU, entering short here and targeting 1.20 levels
GBPCAD is in bearish trend with no RSI divergence at bottom , testing 0.618 fib retracement sell on CMP with risk define previous highs
U can confidently sell eur usd now. the rising wedge has finally been broken
Today the market was expecting the PCE data. As we saw they came in above expectations and in line with the previous month US Core PCE inflation holds steady at 2.8% vs. 2.6% expected The high expectations related to the inflation rate are rising the assumptions that the FED may keep the rates unchanged for a longer period. This is boosting the USD in the short...
The NZDUSD has demonstrated a robust uptrend, with recent observations of divergence on the 1-hour timeframe. Subsequently, a discernible double top pattern has emerged, signaling a potential conclusion to the bullish phase and a prospective transition to a bearish trajectory. In the event of a neckline breach, the recommended trade stance is to initiate a short...
1. PSTG 1 was hit 2. PSTG 2 next to be hit 3. 100% Retest zone was respected
AUDCAD Trade Analysis On the 4 hour timeframe, we are in a WCR, where we have a very strong support and resistance creating a nice range. Both the support and resistance have multiple different taps on them, showing that these are key areas where price are rejecting off. For the coming week, i am expecting price action the come lower, to test the support...
My dear friends, Please, find my technical outlook for GBPUSD below: The instrument tests an important psychological level 1.2488 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.2407 Recommended Stop Loss - 1.2538 About Used...