The USDCAD pair reached the Higher Lows trend line for the first time since August 11th, which has been supporting the bullish trend for the past 6 months. The 1D technical outlook decpits the medium-term bearish correction (RSI = 39.227, MACD = -0.004, ADX = 28.712) but it can't continue unless the HL break. Since it has been the strongest Support of the past 6...
The USDJPY pair has reached the top of the Channel Down after a a rebound two weeks ago near both its bottom and Support 1. The 1D technicals remain bearish (RSI = 43.265, MACD = -1.260, ADX = 20.176) prompting to a continuation of this downward trend. The short-term target is Support 1, with a break below it capable of inflicting an extension as low as the...
Market reversed from daily high (Double top formation) and broke trendline to indicate potential downward movement. Price also broke structure level but we are currently waiting for a retest before going short.
price has recently moved out of the ascending channel that price had previously created, created a correction after breakout and another continuaiton correction for more pushes to the downside.
The EURUSD pair remains bullish long term as the 1D technicals are all green (RSI = 67.498, MACD = 0.008, ADX = 42.429) and the Channel Up since the middle of November intact. Right now the price is supported by the 4H MA50, which is our Bearish trigger. Under it we sell with TP = 1.07200 (bottom of S1). The Bullish trigger is over the top of the Channel Up, above...
Price is testing structure after it broke to the downside, we are currently waiting for another breakout to the downside before going short. What's your thought on this pair?
AUDJPY jumps after BOJ leaves yield curve range untouched. Hi, and thanks for looking at today’s update. Today we are analysing the daily AUDJPY after the BOJ left the yield curve as is after last month's shock adjustment. The market may have been looking for further moves today, which might be why we saw heavy selling on the Japanese Yen. Today’s video...
Update on the January 3rd, 2023 GBPCAD Trade Idea. Where am I exiting this previous long trade idea? When price reaches the larger parallel channel resistance level, then I will exit the trade. Next, I will wait for a short trade opportunity. I will have to wait and see what opportunities that the market will present.
Market broke structure and now retested it, we are currently waiting for a break out and candle to close below our line to go short.
Two patterns have been spotted on GBPUSD: an Inverted Head and Shoulders that formed the market bottom on September 26th and a Channel Up that is guiding the price higher. The 1D technicals are marginally above neutral levels (RSI = 55.748, MACD = 0.004, ADX = 34.526), indicating that there is still considerable upside potential. The price is testing the 1W MA50...
Yesterday's buy is so far working out perfectly as EURUSD bounced exactly after touching the 4H MA200 (1.05278) and just hit the 4H MA50 (1.06355), which is the short-term Resistance. I am now booking my profit as it is substantial for one day and with the 4H technicals turning from oversold to neutral (RSI: 47.296, MACD: -0.002, ADX: 37.053), I will either buy...
Hey guys, Here's a quick Pre New Year Analysis of a Currency market so all know what we are looking for and what explains current PA... The Market has been slightly subdued and EARLY PA levels hit reacting to the north side. In this video we look for Risk Averse short zones upwards / Long Zones to the south side. Watch on for more
Price pulled back to the S1 (4.968) and Channel Support. Pin Bar formed at Support Level 4.968 and Channel Support. Enter bull market at price 4.996. (UNISWAP)
This is how i'm currently looking at the usdcad pair. Market broke trendline after failing to brake resistance and make new high. I'm now waiting for a bearish set up as confirmation to go short.
AUDUSD. Watch these two pivot point levels for a buying opportunity. Specifically, look for a pin bar or rejection candlestick to form on the pivot point level.
What a turnaround we are seeing today after yesterday's sell-off. Basically, a mirror image after sellers knocked 1.06% off after the morning's gap lower. Today buyers have added 1.21%, eclipsing all of yesterday's losses. Bullish engulfing? Yep, it looks that way at the moment, and support looks firm at .6645. Yesterday's low has also set up a new higher low....
This played out as we hoped, however we were stopped out before the drop. Perhaps we could have risk more? We move!
Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . USDJPY Multi-timeframe analysis Daily view (structural timeframe) : It has taken support from Ascending trendline. 4 hour (behavioural timeframe) : It has given Break of structure with...