EURGBP is approaching a Triple Support combination: Support A (0.85500), the bottom of the Channel Down, and the 1day RSI's Channel Down bottom. The 1day RSI is also oversold under 30.00. As long as the price closes over Support A, buy and target the top of the Channel Down at 0.87500. If it closes under Support A, sell and target Support B at 0.83700. Follow...
EURUSD is having a highly aggressive bullish break out as not only did it cross over the 3 week Channel Down pattern but also the 4H MA50 which has been unbroken since May 8th. The 4H technicals are healthy bullish (RSI = 58.132, MACD = -0.001, ADX = 39.347) and if the current 4H candle closes over the R1, we will extend our buying and target the R2 and 1D MA100...
EURCAD is on the bearish leg of the Ascending Triangle pattern that targets the S2 Zone (1.42400 - 1.42800). Obviously the 1D technicals are bearish (RSI = 36.214, MACD = -0.006, ADX = 52.689) and our bearish target is the top of S1 at 1.43850. Regardless of S1 or S2, we have timed our long term buy entry when the 1D RSI turns oversold at 30.000. As you see the...
Positive Confluence Factors... (13) 1. LTF and HTF direction in alignment? ✅ 2. At edge of HTF structure (in green zone)? 3. HTF candlestick confirmation? ✅ 4. Trade setup visible on multiple time frames? ✅ 5. Break out of structure and a break back in present? ✅ 6. Near miss present (below price if looking to get short, or above price if looking to get...
The USD/JPY pair is currently experiencing a moderate increase, with a gain of approximately 0.13%. The price has rebounded from a low of 133.89 and has climbed to 134.73 thus far. The bullish side has shown strength in defending the trendline support and maintaining control over levels above 133.50. The recent rebound from the 61.8% Fibonacci level suggests...
GBP/USD is displaying a bullish trajectory as it inches higher towards the 1.2550 level in early Europe. The currency pair is benefiting from a risk-friendly market environment, leading to a weakening of the safe-haven US Dollar. Despite concerns over UK economic challenges stemming from Brexit, GBP/USD remains resilient. Investors now shift their attention to the...
USDCHF is in an upward price channel. Within the up-trend, the price updates the maximum to 0.91475 and forms a technical pullback to the support of the uptrend. Important news are published today . What to expect from the price? The currency pair is approaching the support at 0.90291 and the lower boundary of the uptrend. From the point of view of technical...
The EUR/USD currency pair is currently experiencing oscillations below the 1.0700 level, primarily influenced by the USD Index surpassing the immediate resistance level of 104.30. This development reflects the strength of the US dollar and its impact on the pair's movements. Financial markets are witnessing a state of chaos due to the conflicting views among...
Hi Traders! Our GBPUSD triangle break idea on 31/05/2023 broke out but not in the direction we anticipated (PLEASE SEE LINK TO ORIGINAL IDEA BELOW). After a support test to the downside of the triangle, we had a very strong bullish momentum swing to the upside with a break and close to the upside of the triangle resistance. Our upside Vector resistance level of...
USDCHF intraday trading alert 3 simple steps to find a quality setup! Risk Reward Ratio 1:2 Anyone same idea with me? BUY USDCHF Good luck traders...
Black Screen Meeting 5/25/2023 Red Bull Space Drop #3 diving back down. There's a chance it wont land on earth but also a good chance it will, so we will just have to see.
Hi Traders! Our AUDUSD bear flag idea on the 30/05/2023 (LINK TO ORIGINAL IDEA BELOW) broke and closed to the downside of the flag around 0.64904 to fulfil our idea. We got to the 0.64583 level (near our 0.64500 forecast) when we noticed a big volume spike on our volume indicator. This let us know that a lot of traders were exiting positions due to the May 2023...
AUDCAD is on a strong bullish reversal as the price made a new LL at the bottom of the Channel Down. The 1D time frame is still technically bearish (RSI = 41.867, MACD = -0.004, ADX = 60.849) and it won't start providing sell signals before it turns neutral at least. We will buy on the current market price and target the 1D MA50 (TP1 = 0.897500). On the 1D MA50 we...
2023.6.2 Daily European Perspective GBP is strengthening ! Hello, I'm Older Duan. Today is Friday, June 2 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the US dollar index fell...
GBPUSD made a nice dip and rally yesterday. Much divergence between EUR and GBP strength though; EUR is relatively weak but seemed to have gained strength with more upside to go it seems, while GBP was strong but upside could be limited with price at resistance. Price at resistance now, which could see price pull back before another move up. The intersection of...
Positive Confluence Factors... (10) 1. LTF and HTF direction in alignment? 2. At edge of HTF structure (in green zone)? 3. HTF candlestick confirmation? ✅ 4. Trade setup visible on multiple time frames? ✅ 5. Break out of structure and a break back in present? ✅ 6. Near miss present (below price if looking to get short, or above price if looking to get long)?...
EURJPY after another resistance retest forms a false-break and on the local timeframe the currency pair draws a pair of H&S. What should we expect from the price? On the 1H timeframe the price forms the pattern "Head & Shoulders", which is a precondition for the possible decline. The price is falling and testing the support of 148.864, which is a strong zone....
USDCAD CHART ANALYSIS POSTED ON TUESDAY 30 MAY 2023 Let's see how this pair will perform based on the analysis. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Trade safe and use always proper risk management. Thanks in advance for checking my trade idea.