AudUsd Rate Pair - The Aussie Rate The Aussie Rate from my experience of watching and through observation on this Rate. Is that the full monthly chart cycle is a little incomplete from the top of the current monthly chart Range at 1.1039 towards the lower end at 0.0623. I can only justify that through many years of experience at using the Fibonacci Gauge...
Expectations at time of writing, drawn from short-term rate futures, imply an 80% chance that the RBNZ cut of a -25 bps on Wednesday, with the rest of the 20% attributed to a hold. Although inflation has subsided, the softening employment situation and weak business confidence suggest that further easing is warranted, a decline in NZD and an improvement in the...
A break-out pattern formation. Holding for a clear market signal
EURGBP trades at the bottom of the range and has found support. weekly trendline supports a reversal here. As election approaches, we are expecting a weak pound and in oversold conditions, this is a good opportunity to trade pound weakness.
As we can see, this pair has formed an ascending wedge pattern, indicating a possible move to the downside. Price is floating in an area of supply that's dated back to May of 2019. If price forms a bearish candlestick pattern at that area of supply, prepare for further downside movement, breaking that ascending wedge pattern.
The pair is comming off a rejection on the Lower High trend line of the 1M Descending Triangle (RSI = 60.943, MACD = 0.510, Highs/Lows = 0.000). Based on the previous Lower High made and the RSI it traded, we are expecting a stronger decline towards the previous low. Our sell Target Zone is 6.87000 - 7.00000. ** If you like our free content follow our profile...
CADCHF has moved lower after a slew of poor US and CAD data. The pair has moved lower to test trend line support and has posted bullish price action, we are now expecting a move to the upside after a break of short term resistance.
EURGBP has consolidated towards the bottom of the recent move lower. The pair approaches overbought conditions, yet hasn't attempted to break higher. We are therefore expecting a break lower after a bounce from the top of the wedge.
why we should we take trade 1- Rejection in Key zone 2- falling market 3- wait to break below
Pay close attention to the underlined minor support area on EURNZD. If bears break and close below it, bets will be high that we will see a bearish continuation to lower structure levels. Key levels of support are: 1.72 1.71
The Weekly and Daily Time Frame are all bullish in middle of making their way up to resistance, coming from a strong solid support, the weekly time frame had scored a point and pulled back but I still believe that this is going up higher. the market has formed a double bottom and already broke the counter trend line Im going to wait for the market to pull back...
Seeing wedge forming on GBP/JPY 1hour Chart. Assuming this is area of distribution. High (marked) still needs to be lost (price needs to drop below line). After that, looking for marked targets.
The USDJPY has been holding above the 108.145 zone in a sign of strength as safe haven YEN buyers take a break and the USD rallies. There will be a few sellers that will be starting to feel the pinch if price pushes up through 108.890 so they will need to buy back their positions. Expect to see a squeeze up to 110.570 to extend the current leg higher.
The pair has been trading on a very strong and steady 1W Channel Up since April and has just hit the Higher Low supporting trend line (RSI = 53.917, MACD = 2.461, ADX = 44.042, Highs/Lows = 0.0000). This makes it an automatic buy opportunity for us, especially since the RSI on the 1D time frame nearly hit 30.000 and rebounded. Our Target Zone is 338.000 -...
The USDJPY backed away from the 108.890 zone even as the USD rallied. The move is a strong sign of safe haven buying into the YEN to outweigh the move up in the dollar. Price looks set to push lower so we are looking for a break below 108.10 for a sell opportunity off a shoulder setup.
We are bullish on EUR/JPY as at OCT. 15, 2019 Risk = 0.5% of Free Equity Entry price = 119.777 Stop Loss = 117.915 Take Profit : 135.946 Global Trade Management Strategy: We will applied the Global Trailing Stop System for Global Trading Strategy #4 The analysis in this material is provided for information only and is not and should not be construed...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 1-3 Days A – Activating Event Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 1.621 ...