Hi Forex traders,
If market reset 070006 level, we can target upward move to 0.71873.
Risk reward nearly. 1:3
NOTE: EMA 9,21 needs to be below price action and MACD above 0 for LONG position before enter in long position, SL as mentioned
USD slightly recovered from the overall weekly loss on Friday night with the release of UoM figure at 55.1 actual vs 52.5 forecast.
DXY of which tracks the strength of the USD against a basket of major currencies hovering at the level of 105.67 for the close of the weekend.
Recently USD weakness due to weaker July22 US CPI data at 8.5% on last Wednesday of which...
AUDUSD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we...
As you can see, the price is approaching the important Resistance Zone of $1807 for the second time, the last time last week when the price reached this level, it reached the price of $1783 with a drop of more than 240 pips! Now in the new week, we expect the price to react to the levels that i'll mention and create so much potential trading position for us ! Keep...
The overall return of the previous analysis is +240 pips ✅ , according to the price's action on the chart, the next important price target is probably $1779, this is an Institutional Support range, In the first scenario, we will expect a reaction to this level, in the second scenario, the price will attack below the $1765 and $1755 levels to collect liquidity!
On the H4, with the price is over ichimoku cloud and MACD histograms are above zero axis, we have a bullish bias that price may rise from the buy entry at 0.70679, where the pullback support and 23.6% fibonacci retracement are to the take profit at 0.71603 where the 78.6% fibonacci projection , 78.6% fibonacci retracement and swing low are. Alternatively, price...
Price should reached that black line then pull back to test the FVG then continue going up to 0.72 or 0.74
🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use...
By analysing the gold chart in Weekly and 4H TF , we can see that currently the important short-term resistance is the price range of $1,783 to $1,810, and the price entered this zone twice this week, and both times faced strong pressure from the bears.The important support ranges are 1755$ to 1765$ and 1717$ to 1725$ respectively, this analysis complements the...
AUD-USD is trading in a local uptrend
And the pair broke a horizontal resistance level
Which is now a support
So I think that after the retest of the support
We will see a further move up
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Analysis of #AUDUSD
Here we have a confirmed breakout above the downtrend line resistance, we can expect more upside for AUDUSD, especially after today's CPI report, I think the dollar will ease a bit.
I will be looking for a buy entry if the market retrace to my support zone highlighted on my chart, preferably closer to 0.7000, to get in of what could be the...
AUDUSD| Two possible scenarios for today ahead of CPI data
I am looking at AUDUSD during these days and in my personal opinion
it is getting very complex.
The first problem is that we are facing the low liquidity that is related to the actual season now.
The second problem is that the market was focused on CPI data and the price is creating a very ugly...
AUDUSD broke and closed above a key daily structure resistance.
That structure turned into support now.
I will expect a bullish continuation from that.
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