🔨 EURUSD is breaking the 🔴 Resistance zone($1.0848-$1.0840) 🔴.
🌊According to the theory of Elliott waves , EURUSD seems to have completed the corrective waves and is now ready for the next five impulsive waves .
🔔I expect EURUSD to go UP at least the 🟣 Yearly Pivot Point 🟣 after breaking the Resistance line and ⚔️ Attacking ⚔️ the upper Resistance...
In the backdrop of the continued strength of the US Dollar (USD), the EUR/USD currency pair continues its descent, swayed by the prevailing hawkish sentiment surrounding the Federal Reserve (Fed) and the anticipation of forthcoming interest rate hikes. The strengthening of the US Dollar (USD) is bolstered by recent robust economic indicators emanating from the...
GBPAUD broke and closed above a key horizontal resistance yesterday.
The price is retesting a broken structure at the moment.
To buy the pair with a confirmation, watch a bullish flag pattern on an hourly time frame.
Bullish breakout of the resistance of the flag will give you a strong buy signal.
A bullish continuation will be anticipated then at least to...
GBPUSD
price broke below Ascending trendline the after correction, price made a breakdown of the short-term trendline, If price stays below the 1.26900 level I expect the price to move lower
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
GBPJPY
price broke below and retested the support/resistance area, if price stays below the area, I expect the price to move lower.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GBPCAD is testing a solid rising trend line on a daily.
Probabilities are high that we will see a bullish reaction to that.
Your bullish confirmation will be a bullish breakout of a neckline of a horizontal range
on an hourly time frame.
Hourly candle close above 1.7105 will confirm a violation.
A bullish continuation will be anticipated to 1.713.
If the...
AUDCAD is trading in a bearish trend.
After the price set a new local lower low,
the price retraced to a solid horizontal resistance.
After its test, the market violated a support line of a rising channel.
We see a strong bearish reaction after its retest.
The price will most likely keep falling at least to 0.8827
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I have used support resistance to profit in the bull and bear market. if the market fails to close lower than the previous swing low so, exit your position
Hi Traders!
GBPUSD is in a triangle pattern, and there is a possibility of a breakout to the upside above the trendline resistance
Here are the details:
There is currently some bullish momentum in the market due to the trendline support hold at 1.26123. The overall price action looks bullish; there are signs that the market could be oversold as the market has...
Hello Traders !
Previously, The EURNZD Price Formed a Bearish Double Top Pattern.
Currently, The Price Reached a Support Level
The Support Line is Broken !
So Let's Expect The Bearish Scenario:
If The Price Breaks The Support Level and Closes Below That,
I Will Sell on Retest...
TARGET: 1.72600🎯
USDJPY started to fall rapidly.
Here are the important key levels to watch.
Vertical Structures
Vertical Resistance 1: Broken rising trend line
Horizontal Structures:
Support 1: 148.75 - 149.21 area
Support 2: 148.15 - 148.50 area
Support 3: 147.41 - 147.56 area
Resistance 1: 150.05 - 150.38 area
Resistance 2: 151.71 - 151.94 area
Consider these...
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ GBPUSD daily time frame 🇬🇧🇺🇸
The pair is heading towards an intersection of 2 recently broken
falling trend line. I believe that we will see a bullish reaction from one of those.
2️⃣ USDJPY daily time frame 🇺🇸🇯🇵
The price nicely respected a solid rising trend line on a daily
and set...
🏃♂️NZDJPY is moving near the Important Resistance line and the Resistance line and inside the 🟡 Price Reversal Zone(PRZ) 🟡.
💡We can consider the formation of the 🌠Shooting Star Candlestick Pattern🌠 in 🟡 Price Reversal Zone(PRZ) 🟡as a sign of a return.
🔔I expect NZDJPY to return to the 🔴 Resistance zone 🔴 and Uptrend line in the coming hours.
New...
Hi Traders!
There is a triangle formation on GBPAUD, and we have possibility of a breakout to the downside.
Price Action 📊
The market has had lower highs and lower lows since breaking below the 20 EMA, creating a symmetrical triangle pattern on the chart.
We are looking for further bearish momentum to break and close the trendline support line.
Fundamental...
Hi Traders!
NZDCAD is on the trendline support, and there is an opportunity for short entries leading to a possible support break.
Price Action 📊
Market swings filled with lower highs and lower lows consistently for the past eight weeks. The market has also failed to close above the 20 EMA for the past three weeks, showing a current lack of bulls in the...
GBPAUD broke and closed below a solid rising trend line on a daily.
That violation is the sign of strength of the sellers and implies at least a local
change of character.
Probabilities will be high that the pair will drop lower.
Next support - 1.91
For entries, consider an occasional retest of a broken trend line.
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Weekly Chart
FX:USDCAD has bounced from the support
Daily Chart
FX:USDCAD has broken out and trading at 1.3429x now.
It's more room to go up
So join the race when it pull back to the support around 1.3383x
Wait for next move
The GBP/USD has broken a long-standing upward trendline and formed a head and shoulders pattern. Therefore, I expect the price to fall to the next significant support level.
Daily:
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Good trading!
