USD – The dollar edged lower on Monday as investors began positioning themselves ahead of this week’s Federal Reserve policy meeting, with many analysts expecting the Fed to once again defer from a commitment to taper.
GBP – Sterling climbed above $1.38 against a broadly weaker dollar on Monday, supported by encouraging data over the weekend showing a fall in...
NZDUSD is reacting below sell entry, in line with descending trendline resistance, horizontal swing high resistance, and 50% Fibonacci extension. Prices are expected to fall to horizontal swing low support, in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Stochastic is approaching hidden resistance at 91.31.
Any opinions, news, research,...
Price currently approaching the horizontal overlap support which is in line with the 50% Fibonacci retracement as well at the 38.2% Fibonacci extension. Should price break that level, we can expect it to plunge further to take support at the 79.819 level which is in line with the horizontal swing low support and the 78.6% Fibonacci extension level. Our bearish...
AUDUSD has reversed below the 1st resistance of 0.73828, in line with descending trendline resistance, 50% Fibonacci extension. Prices are likely to fall towards 1st support, in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices may rise to 2nd resistance, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Moreover,...
EURUAD has completed the correction phase and now that we have seen the market environment shift Bullish we can expect another impulse to the upside to continue the trend.
MACD Above 0
10MA Above 20
Price executed at pivot point
Targets set at 1.272 of first impulse.
Comment below which pair you would like to see next. - Nick
AUDUSD is approaching sell entry, in line with 61.8% Fibonacci retracement. Prices may fall to take profit level in line with 127.2% Fibonacci retracement and 78.6% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 78.6% Fibonacci extension, and 127.2% Fibonacci retracement. Moreover, EMA is holding above prices, MACD is holding below...
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has hit its TRENDLINE RESISTANCE and is falling down.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be...
AUD, NZD & CAD:
Yet another 13K unwind of net long positions for the CAD in the CFTC data updated until the 20th of July means that a lot of the froth in positioning has been taken care of. Our concerns about positioning for the past few weeks meant a patient stance with CAD longs, but with the size of the unwind we think CAD longs look attractive again on a...
EURAUD holding above both moving average support and ascending trendline support, showing that price is still holding within a bullish environment. A bounce above our Entry at 1.59120 where we have 651.8% Fibonacci retracement towards 50% Fibonacci retracement and graphical overlap resistance at 1.60249 could be possible.
Any opinions, news, research, analyses,...
AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Ok this thing is primed and ready to drop! Looking very bearish and we’re currently in the middle of confirming a lower high at broken support.
If we can spot some good bearish confirmations in this area we’ll be looking at a great short position with a target...
AUDUSD is testing the MA200 on the 1W time-frame (orange trend-line). Since the pair is coming off a Lower Highs rejection following the impressive rally since the March 2020 "COVID" bottom, the sequence displays many similarities to the last major rally off a bottom back in the aftermath of the 2008/2009 Mortgage Crisis.
As you see on the chart, following the...
". There is still a possibility of temporary retracement to the suggested resistance line (0.9305).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. AUDCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
AUDNZD on the 4h chart is testing a weekly support.
The price after the last bearish impulse retraced to the 0.618 Fibonacci level and according to Plancton's strategy if the market will break and close below we can set a nice short order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
As noted above, the Pound encountered turbulence after remarks from the MPC that were notably more sanguine on inflation than Ramsden or Saunders last week, as Broadbent sees a clear parallel with changes in oil prices and concluded that the most reasonable assumption is generally that the direct effect on inflation will be gone in a year or so, and...
Price broke downtrendline
We r waiting for the price to exceed SMA 100 and the resistance level at 0.7400 to open long trade
It's expected to target HVN at level 0.7465 then supply zone at level 0.7600
I have entered short on the AUD/USD with two trigger entry points.
AUS have been struggling majorly with the Delta virus spreading across the country. Now they're stuck in a pandemic with only a very small percentage of the country which has received both jabs.
On the other hand the DXY has been recovering well as of late.
After last Fridays movement...