Hey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.82600 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.82600 support and resistance area. We would also like to consider the current bullish bias on indices and the bearish USD, these factors are positive...
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audusd tested its resistance. From now on, it will move up to 0.67290 resistance. With the breakdown of this resistance, the next target is 0.68600.
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago rebounded from the support level, which coincided with the support area and started to grow to the resistance level. In a short time price reached the 1.0895 level, which coincided with the seller zone and soon broke it, after which it even...
Take a look at our analysis for USDCHF. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.908. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.905 level. P.S The term...
Please, check our technical outlook for GBPJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 197.696. The above observations make me that the market will inevitably achieve 198.441 level. P.S We determine oversold/overbought condition with RSI...
Hey Traders, in the coming week we are monitoring AUDNZD for a selling opportunity around 1.09400 zone, AUDNZD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.09400 support and resistance area. Trade safe, Joe.
-demand zone created due to imb filled + latest reversal creating another demand - both 1st and 2nd targets targeted due to left out imbalances being in those areas
-demand zone created due to imb filled + latest reversal creating another demand - both 1st and 2nd targets targeted due to left out imbalances being in those areas
I believe usdcad may go up to take out the last high and sweep liquidity before continuing downward. Price had a break of structure and swept downside now it may reverse and grab some buy side.
Precision Trading Unveiled: A Symphony of Smart Money, Fibonacci, Timeframes, FVGPS, and Displacement In sculpting my trading strategy, simplicity takes center stage as I navigate markets with naked charts, harnessing the power of Fibonacci levels across specific timeframes—most notably, the critical 1-hour, 4-hour, daily, and weekly charts. Diverging A...
Hello,Friends! NZD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Hello,Friends! We are targeting the 1.376 level area with our long trade on USD/CAD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on USD/CAD right now from the resistance line above with the target of 1.362 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! AUD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 100.034...
Eurusd swept the lows of May and created an impulsive move to the upside. It corrected it self over the course of 6 months in the form of an ABC 3-wave pattern. Recently on the 17th the weekly candle closed breaking out of this said correction. In order for us to try and hop onto this possible continuation bullish move we would have to drop down to the lower time...
My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0867 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clearshort signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.0806 Recommended Stop Loss - 1.0900 About Used...
The absence of currency intervention will change the divergence of monetary policy towards the US dollar By examining the trend in the four-hour time frame, USD/YEN, while maintaining the important support interval in the range of 154.33-153.74, can increase to the resistance range of the ceiling of the ascending channel in the range of 161.30-160.21.