Hello Traders, welcome to the Daily Forex technical analysis. Today is August 14th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Frank. Looking at the 4 hour time frame price action is currently finding support near the .626 area. If we can find support at this region and break upwards we will look for the best entry long. Entry...
EUR/NZD is on a downtrend and is cutting back to a major support zone which will now be turned into a resistance zone.
1. This can be spotted clearly on the 4 hour chart
2. A reversal pin bar is spotted on the daily timeframe
3. Double Top formed well on the 1 hour timeframe
Firstly USD/ZAR weekly downfall (yellow lines) started in 03/09/18 is still continuing and it may continue until May 2020. It's also supported by RSI and Parabolic SAR indicators. Support line of this trend is 13,82. You can see the chart attached below;
On the other hand when you zoom in to daily chart; Steep downtrend in...
This is meant for educational purposes. I am fully expecting the USDCAD pair to increase in price. The MACD shows a turn around occurring. If you look on the weekly chart you will find that the USDCAD has come down and touch the 200 MA. Long.
Going from the H4 to the Daily, where we can see much better, where we are standing. It should be clear, that our Hotspot is slipping more and more out of reach and targets will faint and crawl lower the longer this is going to take. Our Leadline is in place, and as long as it doesn´t get broken I am not overly concerned, but also not denying a potential further...
This analysis purpose is to learn or compare your technical work we have bearish movement breaking trendline continuation.
we have candle stick above level of 107.876 on Fibonacci retracement . if we get close below 50% below fibo we looking for short opportunity. looking at price action we still have Elliot wave move. good possible entry for sell.
Looking at the H4 chart we see rejection at the same mark as a previous H4 swing high, resting just above this level is a major Daily zone of which we have also tapped and shot out of. I will now be looking for reason to enter short positions into this trade!
On this Daily chart a pattern is repeated within a downtrend channel. On a weekly chart those two patterns confirmed by reversal bearish bars, first being Engulfing candlestick and second being Evening Star candlestick both are rejecting off 20 EMA.
Expectations to the downside.
None of the information above constitutes any form of...
I have been following this LTC/BTC coin for the past weeks. LTC has confirmed and found support on this trendline from the daily chart, and potentially looks like it will find support on the weekly chart as well.
Hello Traders, welcome to the Daily Forex technical analysis. Today is June 28th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the overall structure price action may be retracing to its previous area of resistance near the 108.0. If price action reaches to previous levels of resistance and doesn't flip and hold on it as...