– Previous Daily candle closed Bullish at 1993.600 above the recent Daily Resistance formed on Monday 20th March 2023. – Buys on close above 2002.100 targeting Daily Wick Fill formed on Monday 20th March 2023 at 2009.900, Leaving Runners to the 30min Resistance formed on 9th March 2022 at 2017.000. – Sells on close below 1988.000 targeting 1h Support formed at...
– Previous Daily candle closed Bearish at 160.670 within the recent Daily Support level, respecting recent Daily Resistance formed on Wednesday. – Buys on close above 161.070 targeting 1h Resistance at 161.650, Leaving Runners to the Daily previous Strong Support formed at 162.200. – Sells on close below 160.240 targeting 4h Support at 159.840 filling the previous...
price couldn't break the descending channel yesterday which confirms the bears are still in control..
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Ascending channel formed on the daily was broken, price action has could not be contained so has broken support zone . Lower lows and lower highs are on the horizon Contact me for a copy of my Forex Route for Investors Book Happy Charting!
Ascending channel formed on the daily was broken, price action has could not be contained so has broken support zone. Lower lows and lower highs are on the horizon. Be cautious as this pair could be quite volatile. Tight stops and let winners run! Contact me for a copy of my Forex Route for Investors Book Happy Charting!
I have uploaded the EURUSD Elliott projection on 4th January 2022. The price had started creating the last leg, and I had mentioned two scenarios. Click Here to read the Previous article: Article 1 : EURCAD: Sentiments are short-term bearish, but Result - Price has reached all the bearish targets by creating the low of 1.4100. After creating a new lower...
It's not so simple doing market analysis some times. What time frame should you use? What indicators should you have on your chart? What drawings should you make? Every forex "mentor" pushes their 'unique' strategy to profitably trade forex markets, however can you be sure that their strategy is truly profitable? Before you start trading a strategy live you...
USDCAD has broken the descending trendline prior to the CAD Retail sales data which measures the total receipts of Canadian retail stores. Technically the pair has broken the bearish trendline and the bearish structure. We anticipate upside now into the key resistance zone.
We set a sell limit at the price of $1.3970 support which according to our analysis we believe will not be exceeded. The price could go up to $1.4002 at the most, but from there it could go down. 📊GBPUSD BUY PRICE: 1.3970 TP: 1.3940 TP:1.3890 SL: 1.4010 R/R: 1/2 Signed by: FxProfitSignals Group
GBP/USD will take a u-turn soon. The best test/entry-level is 1.2776 . So day traders can buy nearby it or at that level for targets of 1.2826 - 1.2866 . Risk: $26 Pips | Profit: $90 Pips
According to the chart above, GBP/USD keeps moving upward nonstop. But it rallies pausing at reversal points (strong resistance) for a few days or weeks. At present, it's again at a strong resistance line. Will it uptrend over here? Can British Pound / U.S. Dollar start a downtrend? As per the Elliot wave theory, GBPUSD can run for 1.34450 level to complete...
U.S. Dollar / Swiss Franc is very close to hit lowers highs line and apex isn't far from here. According to this chart, upper breakout possibilities are higher compare to downward. For short-term traders: Target Price 1: 0.91200 Target Price 2: 0.91500 For long-term investors: T arget Price 1: 0.91800 Target Price 2: 0.91920+ Look into the chart,...
As per this chart, the trend continuation will drag up for 9.94600 - 0.95000 levels. Keep your eyes on the support trendline, USDCHF has broken it. If it's not fake-out, 0.92360 - 0.91800 target levels.
EURAUD price begins to accelerate higher faster than other currencies from the control price (CP). It can hit 1.63500 - 1.64060 after crossing the CP level. Hurdle: 1.62150 This hurdle is a game-changer. It could explode downward and prices may fall 1.61850 to 1.61360 levels. The above information is sufficient for a smart trader to start minting money.
Previously, I made a post on consolidation options for this pair saying that if the BULLS broke the CTL that the CAD would be moving up to consolidation high's around .7620 it has made it up to that point and has broke a CTL bearish on the daily so I am looking for a 2hr high price to sell down to the .7400 area to .7380 consolidation lows. If you agree PUNCH...
Bears has flex their muscle and with AUD weakness there is some room to the downside before hitting month support at .6800 looking for CTL breeak on 2hr chart and stop will be made above the .6900 pivot area. If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at...