The AUDNZD pair got rejected on the 1D MA50 turning the 1D technicals bearish (RSI = 42.793, MACD = -0.002, ADX = 30.864) for the first time in a month. The price got also rejected on the 1D MA200 and the LH trendline on April 21st, which started the current bearish leg. This may give a rise to a Channel Down. We are short, targeting the HL trendline (TP =...
CSDJPY is on the rising Channel of its medium term Channel Up, rebounding on the 1D MA50. The 1D technicals are neutral (RSI = 53.031, MACD = 0.270, ADX = 28.072) and that always favors technically the dominant trend. So as long as the price is inside the rising Channel, our target will be the 1D MA200 (TP = 101.350). If a candle closes under the rising Channel...
EURCAD is on a very consistent bullish pattern since February giving low risk buy signals on the HL trendline and sell signals on the HH trendline. This is well illustrated by the bullish technicals on the 1D time-frame (RSI = 63.779, MACD = 0.009, ADX = 34.173). The price is currently on the final bullish wave to the HH trendline, and we will stay long with TP =...
EURUSD held this week the Channel Up pattern of March and remains on bullish technicals across the 1D timeframe (RSI = 60.701, MACD = 0.006, ADX = 39.732). As long as S1 holds, we expect a break of R1 and a new Higher High for the Channel Up on the 1.618 Fibonacci (TP = 1.11800). If however S1 breaks, we will switch to selling and target S2 and the 1D MA50 near S3...
EURUSD rose significantly today, hitting the MA50 (4h). It remains inside a (white) Channel Down, which however is similar to the April pattern that eventually broke upwards. Trading Plan: 1. Sell as long as the price stays inside the (white) Channel Down. 2. Buy if it crosses and closes over it. Targets: 1. 1.09200 (Support 1 and MA200 (4h). 2. 1.11845...
Hey Everyone, We got the short on this chart idea with a nice exit on the dynamic support on EMA6. The full range is still open for us to keep in mind when planning our next entries. Please like, comment and follow to support us and rest assured we will start sharing some great ideas in the coming weeks. BluetonaFX
EURCHF is trading inside a Channel Down after getting rejected on January's Falling Resistance. As long as the Channel Down is intact, the trend is bearish. If broken to the upside, it's bullish. They key to it however seems to be the RSI. Trading Plan: 1. Sell as long as the RSI (1d) remains under its MA line. 2. Buy if it crosses over it. Targets: 1. 0.97500...
The GBPJPY pair has been trading inside a Channel Up pattern for the majority of the year and with the price now on its top, the 1D technicals are naturally bullish (RSI = 65.660, MACD = 1.070, ADX = 50.539). A Golden Cross will be formed by next week and just as the Death Cross was on a bottom on Jan 17th, the Golden Cross can be the Channel's new Higher High...
EURUSD is approaching the top of the (4h) Channel Up. The RSI hit the top of its Channel Down and got rejected. Trading Plan: 1. Sell after the RSI crosses below the MA line (white line). Targets: 1. 1.09100 (bottom of the Channel). Tips: 1. Every time the RSI (4h) crossed under its MA, it has been a confirmed sell signal. Please like, follow and comment!!
The GBPUSD pair crossed over the Resistance level that was in place since December 14th with the 1D technicals displaying healthy bullish numbers (RSI = 65.308, MACD = 0.009, ADX = 28.394). The 1D RSI is rebounding on the former LH trendline and this is an indication that the current rise can extend more. The R1 Zone is the next Resistance and is where we expect...
The NZDUSD pair is under the MA50 (4h) and about to complete a Head and Shoulders pattern. A break under Support (1) would accelerate what is already a strong sell signal. Trading Plan: 1. Use split lot. Sell half on the current market price and the rest if/ when the RSI hits its Resistance. Targets: 1. 0.6100 (over Support 2). Tips: 1. The MACD (4h) completed...
The USDJPY pair is inside an Ascending Triangle on the 1D timeframe, around the 1D MA50 and with the technicals basically neutral (RSI = 56.011, MACD = -0.010, ADX = 22.352). Our trading plan is simple. Sell on the 1D MA200 and target the HL of the Triangle (TO = 132.000). Buy above the R1 and target the R2 (TP = 142.250). If we close under the HL of the Triangle,...
The EURAUD pair is on a Double Channel Up pattern, supported by the 4H MA50 with the 4h technicals indicating a smooth uptrend (RSI = 64.590, MACD = 0.003, ADX = 25.499). The 4H RSI being under an LH trendline suggests that soon we will see a short term pullback similar to March 12th and March 30th. We are buying the contact with the 4H MA200 and aim at a 2.30%...
The EURUSD pair is in the process of completing a Head and Shoulders pattern with the 4H technicals neutral (RSI = 51.260, MACD = 0.000, ADX = 33.876) on the Right Shoulder. The 4H RSI is under an HL trendline, which keeps it bearish short term, while having crossed under its HL trendline yesterday. The target of the Head and Shoulders can go as low as the 2.0...
EURGBP is trading inside a Triangle with its bottom being Support (1). This Support held on April 4th and the pair is rebounding. Today's pullback gives another buy opportunity. Trading Plan: 1. Buy for as long as the price is closing over Support (1). Targets: 1. 0.88225 (under the MA50 (1d) and within a +1.10% rise and Fibonacci 0.382). Each of the Triangle's...
The GBPAUD pair is on overbought 1D technicals (RSI = 70.497, MACD = 0.019, ADX = 49.220) with the price also close to the HH trendline of the past 9 months. We are buying the next pullback towards the S1 Zone and the 1D MA50, targeting R1 (TI = 1.9200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are...
The AUDNZD pair is technically bearish on the 1D timeframe (RSI = 42.033, MACD = -0.005, ADX = 29.502), trading under the P1 Zone, which has been in place since 2021. It is under both the 1D MA50 and 1D MA200 and it targeting the HL trendline (TP = 1.05300). If the dashed LH trendline breaks, we will buy aiming at R1 (TP = 1.10800). ## If you like our free...
The NZDJPY pair is on a neutral technical price action on the 1D time frame (RSI = 51.078, MACD = -0.120, ADX = 32.313) as it reached the 0.5 Fibonacci level and 1D MA50 yesterday. This is the middle level of the long-term trading range inside the S1 and R1 Zones since April 20th 2022. So essentially this pair has been trading sideways for almost 1 year. Since...