The EURUSD pair had been going up and down the 1w MA50 lately, being higly volatile especially after the Fed meeting last week. This can be confusing on smaller time frames like 4h or 1h (even 1d) but on the 1w the situation is pretty clear technically. The long term trend is bearish inside a Bearish Megaphone since 2017. After a Channel Up pushed the price...
Price test strong support area .If price close above this area in H4 then we can consider reversal from that levels and before initiate long positions confirmed by bullish pin bar .
The EURCHF pair hit today S1 (0.97250), which is a Support level holding for exactly 4 months, turning the 1D technicals bearish (RSI = 34.341, MACD = -0.003, ADX = 35.665). The strong rebound that has followed intra day as well as the RSI approaching the 30.000 oversold limit, is enough to make us go long after some time on this pair. TP = 0.99500, which is under...
Hi guys We want to check the trend of CHFJPY in Forex and for the new week. As it seems this week is a bearish week for CHFJPY. Of course, it is possible to increase up to 146,206 euros. However, the closing price of the market is moving in a rising channel in 1-hour and 4-hour and the general trend is bullish. These drops will continue until 142.238. This...
Looking at the bigger picture, USDJPY is in a downtrend for now and has been creating Lower Lows and Lower highs. The downward move should likely start anytime to continue further down breaking the Higher time frame Lower Low to create a new one. Come UsdJpy, show us what you got. I have made my Sell entries. Catch you on the flip side.
Triple retest + rejection at supply on a Lower High (LH) with nice bearish momentum on the candles. Looking to take it down to support!
price after touch the A nod, can go higher than 0.7440 .
I wanted to take a deeper look into USA and Canada. When looking at techs and fundamentals, there looks like there could be some space here for a run as we go through our interest rate spikes etc throughout this year. On the daily timeframe, I doubled the ATR for my stop loss and the target is near the 60% area which is where the previous high's are on a higher...
i think eurusd is stuck in a triangle and two paths that i show maybe works for the rest of week and im looking too sell on that area or if eurusd break his triangle and confirm that im looking for buy but its probably wont happen plz share ur idea about eurusd and tell me what you think about my idea i hop have profitable day this week
I am waiting for pullback. it will be happen Otherwise i will enter After the resistance broke.
Although we've been on a bearish trend since March, there has been a few moments where price has tested its previous "lower" high. As you can see by my triangles, price seems as if it is ready to retrace the previous high. On the 2 hour timeframe, I saw a strong bullish candle cross the 200 day ema with the current candle opening above the previous one. Last time...
Technical Analysis: The pair found buyers around the 61.80% Fibonacci retracement level which led to a move upward and it violated the highlighted zone. We are expecting a lower correction toward this zone before a new move upward in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade...
Technical Analysis: The price is bouncing inside a bearish channel formation where we have a downward movement. A higher correction could be seen to the higher end of this channel. The sellers will join the impulsive wave to the downside after the pullback near the trend line resistance....
Technical Analysis: The price found sellers around the 50% Fibonacci retracement level which led to a breakout of the bearish pennant formation to the downside after posting a head and shoulders. A higher correction is expected around the 87.96 USD mark before a selloff all the way down to the target...
Technical Analysis: The price succeeded to break the bullish wedge to the upside. A lower correction is about to be posted around the 0.7466 USD mark. This could cause a reversal and a move to the upside in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @...
Technical Analysis: The pair has posted a correction count to the strong support around the 1.7038 USD mark where it found buyers around the 61.80% Fibonacci retracement level. The market moved little bit higher but we expect a lower correction before a huge rally to the...
Technical Analysis: The price is bouncing inside a bearish channel formation to the downside before it posted an inverse head and shoulders which led to a breakout to the upside. A lower correction might be seen to the highlighted zone before a move to the upside in the opposite direction of the main...
Technical Analysis: The price is bouncing inside a bullish flag formation. It has a bias to break to the upside which shows that most probably the pair will continue its main direction to the upside, but before a lower correction might be seen to the highlighted zone. ------------------------------------------------------------------------------------- Trade...