Hello,Friends! USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.340 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! AUD/USD is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a beautiful trend following opportunity for a long trade from the support line below towards the supply level of...
Dear colleagues, I have redrawn the waves and realised that the downward movement is wave C in a correction. This means that very soon we will see the resumption of the upward movement. I suppose that the price will reach the resistance area at 1.09299. Until then, I expect the end of the formation of wave 5 of lower order in the area of 1.07868. Manage your...
Hello,Friends! The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 72.58. ✅LIKE AND COMMENT MY IDEAS✅
USD/CAD remains neutral for the moment. On the downside, firm break of 1.3342 support will argue that rebound from 1.3176 has completed at 1.3530, and target this low for resuming whole fall from 1.3887. On the upside, however, break of 1.3530 will resume the rebound from 1.3166 instead.
Take a look at our analysis for CADJPY. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 109.535. The above observations make me that the market will inevitably achieve 108.510 level. P.S Please, note that an oversold/overbought condition can last...
Well, as you can see the price hit the important supply zone that is on the 0.705 Fibonacci level and had a bearish reaction. Once the price grabbed the internal liquidity and entered the FVG. Now we can expect the price to continue the bearish trend to fill the FVG and then hit the bullish order block that formed at the 50% Fibonacci level. (First...
AUDUSD is on track to completing a large head and shoulders pattern that has formed since November 2023. On the 4 hourly chart, the pair broke down from the pattern on 1st Feb but rebounded sharply to close the day in the green. Despite the rebound, the overall bearish reversal pattern remains intact with a high probability for the AUDUSD retracing from current...
Well as you can see, the market structure is bullish now and the price had a deep retracement move to the extreme bullish order block. In addition, we can see the price created the liquidity above the order block that makes the demand zone more valuable. As a bullish target, we can define the liquidity above the equal highs as a first target and also we can...
EUR/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the...
Preferred direction: BUY Comment: After the Fed meeting, as we expected, the US currency strengthened based on the results of the press conference and comments from the regulator. However, the growth of the dollar is already approaching its end and most likely now we need to take a closer look at medium-term purchases. We are now considering two main long...
Hello traders ,what do you think about GOLD?Last day, gold grew up to the resistance zone of 2060. After reaching this zone , the FMOC meeting and Mr. Powell's speech, it returned all its growth and fell to the 2030 zone. Looking at the chart, we see that the descending channel has been broken and the price is above it. We expect that the price will make a...
Here is our detailed technical review for GBPCHF. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.091. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.098 level. P.S The term oversold...
Please, check our technical outlook for AUDJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 95.738. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 97.142 level. P.S Please, note that an...
Here is our detailed technical review for NAS100USD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 17234.0. Considering the today's price action, probabilities will be high to see a movement to 17498.4. P.S We determine oversold/overbought condition with...
💹 Forex Quick Check: #NZDCAD 📉 Trend: Downward Reversal 🚀 Action: LONG @ 0.81889 🎯 TP: 0.82676 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #NZDCAD. NZDCAD was in the down trend and form a liquidation pool, grab the liquidity and then going up. Also we can see that here another symmetrical triangular pattern is form...
GBPUSD has been consolidating in a descending triangle formation since late December after an uptrend throughout November and December 2023. The pair is currently struggling around the upper resistance zone of the descending triangle. We anticipate a retracement to the support zone of the triangle pattern around 1.2613. 🔴 Sell Entry: 1.2747 🎯 Target: 1.2613 ⛔️...
GBPNZD formed a double top formation after a test of a key horizontal daily resistance. We saw a strong rejection from the upside yesterday. It makes me think that the market may drop lower soon. Next support - 2.0615 ❤️Please, support my work with like, thank you!❤️