GBPUSD Continues To Rise And Broke Two-Month Highs Above 1.1740 After the U.S released the CPI data this week the market reacted very aggressively against the U.S Dollar (USD) The CPI data were released lower than the previous month and this is a great indicator that the U.S is on the right track to fight inflation. However, we have to remember that one month...
USDCAD: The Bearish Move Is Not Over Yet This is an idea I shared 3 days ago. After the price completed the Head & Shoulder pattern, the bearish wave reaction was very aggressive. The price has already reached the first target and only by calculating it from the neckline of the pattern it was 160 pips😁 Considering the current political situation in the U.S,...
GBPUSD : All The Focus Is on The U.S Election The US election is keeping all markets under a lot of pressure. The whole focus is on who will win the election because it will also determine the fate of the currency for the next 2 years. It will be interesting and very dangerous at the same time. Technical Analysis: Price is developing a large contracting...
Good Day All, Stumbling across the USDCAD 1D Chart, I observed a possible Head & Shoulders pattern ranging from 23th Sept to 4th Nov. Though by chance, After the major price rejection at 1.39790 not letting price touch the 1.4 mark, The traders seems to have taken control sending it down a controlled pattern giving Novice Traders like myself the idea...
Hy dear Members. We are here to discuss about EURUSD. EURUSD is still looking Bullish after breaking the main Trendline. Now here it has maximum Chances we can see price around 1.05 Soon. Keep in touch we will update further soon.
EURUSD: Is the EURO strong enough to push against the USD? As we have seen during this month's EURO is very weak against the USD. The U.S economy is very strong and the speculations from FOMC regarding the Interest Rate is also very high by holding EURUSD down under strong pressure. On the other hand, EUROZONE is still holding a very dovish tone when it comes...
After a bullish move based on news last week price has since become very bearish. Looking to get in on a short if price comes to retest previous broken sturcture. Will look to take profit at around support zone that also happens to be at the 61.8 fib of the bullsih move to the upside.
Hy team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURUSD. EURUSD is has breaked the main channel Pattern. And now this is exactly on the way to our main target Price 1.02 . As this is daily chart so we can see small Retesting but overall we will get here bullish Trend. Keep in touch we will update further soon as.
EURUSD: Bullish Sentiment Continues To Grow After the price tested a strong support zone near 0.9700 we saw it rising very quickly. We can see any correction before the price could rise even more. The first resistance zone is 0.9870. If the price will manage to break out above it should move up to test the next resistance zone. Thank you and Good Luck!
Seeing from the 2h it tells us we are about to get the next bullish phase of the market so I'm gon' wait for the next impulse to make the next wave (bullish trend). You can drop names of pairs you want me to analysis in comment section feel free. Thanks for reading AS ALWAYS TRADE SAFE AND STAY SAFE!
CADJPY: Will Resistance Push Price Down? JPY is still very week during all these months and the speculation is still very high. We are talking about the JPY economy that is showing to support this economic crisis better than the other countries but its currency is one of the weakest and this is a real surprize. Actually the price is close to the top of an...
British Pound/Japanese Yen made one of the expected correction patterns at the weekly timeframe. The name of this pattern is Expanding Flat (3-3-5). British Pound/Japanese Yen was able to complete the Expanding Flat in the resistance zone, and I expect that it will go down at least to the trend line and targets that I showed in my chart. 🔅British Pound/Japanese...
Hey trader, I hope you're having a profitable week! As you can see, the price is in a bullish uptrend that's trying to form the double bottoms 2nd leg. This reversal pattern usually triggers a 3-level uptrend. In this case, it will do so once the price has bullish broke and retested the patterns neckline (Mini Weekly Neckline) together with the 50 and bullish...
Market has been ranging since May 2022 If price should break the trendline and react to the zone @ 0.98798 then move bullish in order to retest the trendline without breaking about 1.00640, that should be our first confirmation that the market can go BEARISH. Second confirmation: If price should break through the previous zone of 0.98798 after retesting the...
i just want tell you that i put all the home work. level. optimal trade entry levels. look for the level.. price reaction ,
AUDUSD: The Price Has Been In a Strong 20-Month Downtrend If you will check the daily chart on AUDUSD you will see that the price is moving in a strong bearish trend for the last 20-months. Also on lower time frames, the only bullish movements are corrective. Technical Analysis: Price is still in a free fall. We can see any potential correction like it did...
NZDCAD : Lower Support Near 0.7600 Could Push Price Up Again Since February 21, the price is in a clear downtrend. What's really interesting is that the lower support line is pushing the price up whenever it's there. We may see the price rise again this time as well. A breakout of the minor wedge will push it higher creating a new trend in the price...
EURUSD continues to be bearish as we are currently in a wyckoff distribution phase 4 on the H4 timeframe. Expecting shorts right around the influx zone. Cause banks may mitigate that area to offset their longs that they have created. This trade if it happens, we can catch anywhere between 100 - 600 pips.