AUDUSD looks bullish. There is a double bottom forming on the chart, and there are opportunities for long entires.
Here are the details:
The market is currently holding above the price rejection support level of 0.65710.
Preferred Direction: Buy
Entry Level: 0.65737
Stop Level: 0.65494
Target Level: 0.66302
Technical Indicators: 20 EMA
🏃♂️ GBPCAD has been moving in the Ascending Channel for more than two months and it seems that it can maintain this trend in the ascending channel in the coming weeks.
🏃♂️ GBPCAD is currently moving near the 🟢 Support zone(1.712 CAD-1.700 CAD) 🟢 and the lower line of the ascending channel.
🌊In terms of Elliott wave theory , GBPCAD seems to have...
EURUSD did stop me out, but that doesn't stop the show. I am going to sit on my hands to see how low price can go today then I'll reanalyze my new set up.
Disclaimer: This analysis is based on my own eyes. Please use your own analysis when trading.
In this video, I the possibility for a continuation upwards on eurusd. I also talked about the things I will like to see the market do before I will be looking for entry positions for a long trade. I also talked about the possibility for the price to continue downwards since it's coming off a weekly 61.8 fib level. I talked about what I will expect the market to...
As I told you previously, gold is hitting the target.
In this area, you can save profit or risk free the position, whatever is your strategy to make money.
Ask your questions in the comments below about my analysis and give your feedbacks.
Hello fellow traders!
Today, let's delve into the FX:AUDJPY currency pair. Here's the breakdown:
🕰️ Timeframe Analysis : The pair is predominantly exhibiting upward momentum on the 4-hour chart, showcasing a bullish trend.
⚖️ 1-Hour Chart Dynamics : However, a closer look at the 1-hour chart reveals an attempt to break the support trend line. A potential...
In this video, I talked about eurusd (the only pair I trade). I made a full break down from the weekly timeframe all the way down to the daily timeframe. I talked about what the market had done and what I expect the market to do over the next few hours. I also talked about the levels I'm going to be watching out for before I take a trade on the pair. I'm sure...
The current outlook for AUDUSD reveals a compelling narrative of bullish consolidation in the short term. As outlined in the provided chart, the pair exhibits patterns indicative of a bullish stance, suggesting a period of strategic accumulation.
Candlestick Patterns: Noteworthy bullish candlestick patterns, as illustrated, underline...
Technical Analysis Report: USDJPY Trading Opportunity
At the current juncture, USDJPY is positioned at 149.450, showcasing discernible indications of a bearish reversal. Notably, a bearish RSI divergence signals a misalignment between price action and relative strength, suggesting potential vulnerability in the prevailing uptrend.
AUDUSD has reached the resistance of its range zone, and there is potential for a resistance break if the bullish momentum continues.
Price Action 📊
The price action looks bullish, with market swings showing higher highs and higher lows. The market broke and closed above the 20 EMA yesterday with huge momentum. Additionally, this is the third...
There is a potential double-top pattern on the GBPUSD 3H chart around the new monthly high.
Price Action 📊
After the break above the previous monthly high at 1.24286, the market traded with further momentum and reached the new monthly high at 1.25058, then had a pullback to the neckline support at 1.23740. The market is now re-testing 1.25058, and...