Good morning fellow Traders! I have been tracking the YENUSD pair with great interest in recent weeks as we have been rebounding from its local low. The pair has a beautiful long-term trend on the higher timeframes, setting the direction I have been looking to trade. We are currently sitting in a sweet spot, the price has been consolidating around 130-137,...
OANDA:USDJPY Of course the DXY dollar index bias is to the downside, thanks to our friend Chair Powell. And so comes USD/JPY to follow. Took a short on pure price action, leading the indicators, and wanted that quick 10 pip scalp heading into the 8:30am est (UTC-5) mark. Got a pump in my direction on both the DXY and the USD/JPY Trade management Trade...
OANDA:EURUSD Arrrgggghhhhhhh I wanted a short, price action was so bad going into the close Sidney. Just moved my stop to BE +0.3 pips I guess we will wait until Fed Chair speaks his mind tomorrow. Hawkish? Dovish? Whatever that means, LOL Trade management was the key tonight for me. With out it, I would had been rekt (maybe, haha) Trade well
The EURUSD crossed over the Falling Resistance of 2009 in January and though it got rejected on the 1week MA100, the 1month MACD made a Bull Cross. 4 out of 5 Bull Crosses since 2009, extended the initial rallies. The closer long term Resistance for the pair is the Falling Resistance of February 2018. We target below it at 1.1900 by the end of the year. Follow...
EURUSD is grounded inside the MA50 (1D) and MA100 (1D). As long as the MA100 (1D) is holding, then the rise that started in September can be sustained long term in a similar way as the downtrend of 2021-2022 was. The 2021-2022 Bear Cycle was confirmed after the MA50 (1D) crossed under the MA100 (1D). Similarly on December 7th we had the MA50 (1D) crossing over the...
Hi, traders and TradingView community. Today we saw the AUDUSD retreat after Australian CPI data came in at 7.4, well below the 8.1% that had been expected. Unexpected data almost always has more impact on the market than expected, as it has shock effect. 7.4 is still a very firm number for inflation, and you might think, why is that a good thing? The drop is...
Hi traders and TradingView community, today we are looking at the GBPUSD as price has started to show signs of a new breakout. Looking at the GBPUSD, buyers continued to hold at the demand and support area with multiple saves. Sellers made their last push yesterday before buyers flooded back, forcing an engulfing type of candle and halting the minor downtrend....
EURUSD on the monthly chart is inside a Falling Wedge pattern that basically started after the 2008 crisis. The monthly technicals are just turning neutral (RSI = 44.604, MACD = -0.024, ADX = 52.083) for the first time since September 2021 but perhaps the most important indicator is the 1M MACD that formed a Bullish Cross. In the past 20 years at least, every 1M...
so based on previous analysis we see price is having a hard time pushing high and we seeing a lot more of bearish pressure so let close the trade at breakeven
OANDA:AUDJPY Since this pair gave me an easy small scalp last Asian session, tried for a hard 15TP short play before NY FX & NYSE open, chopped down to about +10pips before pulling back to my tight SL at break even. Tried again, and chopped a little until an hour into NYSE, then gave me my 15pips. Trade well..
📉 AUDUSD has been showing a bearish trend, with price action indicating a potential downward movement. Technical indicators support the bearish view, with the RSI and MACD both showing a bearish divergence. 📉 Traders may want to consider short positions with appropriate risk management strategies in place. Like and share the idea if it's helpful.
USDJPY was pumping last week.... now looks to be taking a break. DXY is way over bought and is already heading down... <--- Love the Forex markets! If you can successfully trade this market then other markets like Crypto look interesting! Not Financial Advise! LOL! Lets have a good week! Good Luck Out There!
DXY has been on a tear and looks to head lower. some good resistance at 105.5 or so that can deflect it down to 104.669 (1st stop) next stop is 103.682 Markets open soon. Remember, DXY falling will be better for Risk On (Bitcoin and Stocks) <--- Keep your head in the game! Eyes on the game! LOL! Super Tip for Traders: Always keep DXY chart open to help you...
Price has potential to trade to the up-side after a break out of resistance…. Price is testing support (previous resistance) let’s see how this plays out.
USDJPY is at HL and now steps in to go to HH following dow theory so be ready for the ride. USDJPY Entry at 134.120 TP 135 SL 133.500
USD index has formed divergence. Looking at the daily chart, we can see a familiar pattern forming between price and the 10 CCI. This pattern is called regular divergence, which can tell us that a possible reversal could develop. In today’s analysis, we have run over the divergence pattern we are watching and Friday’s price action, which might give it more...
The EURUSD pair is under the 1D MA50 for the third straight day, turning oversold on the 1D time-frame (RSI = 40.326, MACD = -0.002, ADX = 27.225). This is adding extra sellig pressure on the price with S1 being the first support on its way to lower trading levels. The Fibonacci retracement levels are particularly useful on this price action and assuming the...
USDJPY is at HL now and going to make LL Sell at 133.990 TP 133.634 SL 134.250