Hello traders! An uptrend line is forming supported by a break of 1.0730. It is currently trading at a new high of 1,077 and is down 0.05% on the day. It can be seen on almost every timeframe that EUR/USD is showing significant gains, indicating a positive outlook. With EU continuing to trade at these high levels it is likely that the 1.0750 price level...
Hello all dear traders! Let's discuss and strategize our new day! Overall, the EU is facing a decline below the 1.075 breakout support during the Asian session on Wednesday. The main reason is that the US Dollar increased due to expectations that the Federal Reserve will extend higher interest rates, which supported the USD and was detrimental to the EUR....
AUD/JPY selling zone for the AUD/JPY currency pair is identified at 102.521. This suggests an opportune moment for traders to consider selling the pair. To maximize potential gains, take-profit levels are advised at 102.000, 101.500, and 101.000, each serving as strategic points to secure profits as the price declines. Meanwhile, to mitigate potential losses, a...
The USD/CAD pair on the M30 timeframe presents a possible shorting opportunity due to the presence of a channel pattern. Potential Short Trade: Entry: Consider entering a short position (selling) only after a confirmed breakout below the support trendline of the channel. Ideally, this would be around 1.3750 or lower if the price continues to decline after the...
GBP/JPY is identified at 194.40, suggesting that traders may want to consider initiating a short position at this level, anticipating a downward movement in the currency pair. The take profit levels are set at 193.50, 193.00, and 192.50, indicating key points where traders might consider closing their positions to secure profits as the price declines. These levels...
the USDCAD currency pair is presenting a selling opportunity at the price level of 1.37251. This means traders might consider initiating a sell position at this price point. To optimize potential gains and manage risk effectively, traders could set multiple take profit targets. These targets are identified at 1.37000, 1.36600, and 1.36400 respectively, indicating...
The AUD/NZD currency pair is currently within a favorable buying zone, marked at 1.09645. This indicates an opportune moment for traders to consider entering a long position on this pair. With the aim of maximizing potential gains, three take profit levels have been identified: 1.09000, 1.10000, and 1.10100. These levels represent key price points at which traders...
The current buying zone for USD/JPY is at 155.80. This suggests that traders should consider opening a long position at this level, anticipating an upward movement in the currency pair. The take profit levels are set at 156.00, 156.50, and 157.00, indicating the points at which traders should consider closing their positions to lock in profits as the price rises....
EUR/USD pair is signaling a selling opportunity with a sell zone initiated at 1.07283. Traders are advised to consider multiple take-profit levels: first at 1.07109, followed by 1.06916, and finally 1.06630, each representing potential exit points for maximizing gains as the trade progresses. Meanwhile, it's crucial to manage risk effectively, hence placing a...
Pair Name : USD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Retest 155.500...
sell zone for the NZD/USD pair is at 0.59989. This indicates a favorable position to sell the New Zealand dollar against the US dollar. Traders may consider taking profit at various levels: first at 0.59756, followed by 0.59486, and then at 0.59289. These levels represent potential points of exit where traders can capitalize on their positions by locking in...
The current selling zone for the CAD/JPY pair is at 113.553. It's a critical point where traders are eyeing potential opportunities to sell the Canadian dollar against the Japanese yen. The strategy outlined here suggests multiple take-profit levels: 113.036, 112.636, and 112.130, indicating incremental profit-taking as the price moves downwards. This approach...
The EURUSD is exhibiting a bearish sentiment on the weekly timeframe; nevertheless, there is a noticeable robust bullish trend observed on both the daily and the 4-hour timeframes. Notably, we witness a pronounced reaction at the weekly levels identified as resistance on the chart. Furthermore, we have identified a daily support level, marked as a potential target...
The USDCHF currency pair has broken and closed below an important intraday support level, which has now become resistance. There is a retest of this broken structure happening, after the test of the support level of 0.9020. To consider shorting the pair, look for a bearish flag pattern on the 4-hour timeframe as confirmation. If there is a breakout below the...
🚨GBPUSD: What's Next? BOE leaves policy rate unchanged at 5.25% 🚨BoE left the policy rate unchanged at 5.25% as widely expected The price is also facing strong support near 1.2450. How can the price react in this area? Be careful as GBP can get stronger when you least expect it. It reacted lower before the opening of the BOE meeting, but it is not necessary to...
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can...
Resistance spotted at 167.7 zone, considering the TF, it is wise not to ignore. Hence the possibility of heading back to 164 region is high. Trade with caution, as this is not a financial advice, cheers
Market Analysis PT2/2 (9th May 2024) EURUSD Analysis On the 4 hour Timeframe, price is approaching a structural high created on the 7th of May. During london, I will be actively looking for price to sweep the structural high before a short term down trend into the Bullish 4 hour FVG. Once price does tap into the 4 hour FVG, I will be looking for a 15 minute...