Pound dollar is on focus.
We have a completed inverted head and shoulders pattern.
Buy the breakout of a neckline.
ATTENTION: we have a wide neckline so the breakout will be confirmed
when the market will close above 1.292
T1 - 1.296
T2 - 1.30
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NIKKEI is approaching our first resistance at 22346.7 (100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop to our major support at 21472.4 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in...
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 26th, 2019 and we will be taking a look at the U.S. Dollar against the Canadian Dollar. Looking at the 4 hour time frame we are looking for a minor pull back towards the 1.34606 area and see if it acts as support. If price action retraces back and the 1.34606 area holds as support, it...
AUDUSD is showing an oversold signal on the RSI indicator and has approached a major support level at 0.6990-0.7000. Now is an opportunity to go long & take advantage of the potential price bounce.
Trade Details :
SL : 0.6985
TP 1 : 0.7050
TP 2 : 0.7150
very overbought market on dollar cad.
rsi shows clear divergence.
looking left we see a nice rejection candle indicating strong bearish pressure around this area.
now we have a formation of a head and shoulders pattern.
wait and sell the retest of the neckline.
Initial target 1.344
I am expecting price to fall back within this range and target our Daily Demand 0.5 level.
This will also generate buy side liquidity for the long term buys on USDCAD.
Trade confirmed upon HTF Bearish price structure. Profit potential 250+ pips.
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NZDJPY is currently sitting at the key demand zone.
The 4hr timeframes seem to have lost momentum and we could see a change in
sentiment here. If we see a change in cycle on the 4hr timeframe we could see
In this video update, we take a look at EURUSD as price looks to be confirming lower prices.
The daily chart has finally formed a lower low, and we expect this to continue however we
need to see the price retrace first.
Looking at the Fibonacci tool we can see the 127.2 and the 1.618 extensions offer good support
points where price could reverse.
U.S. Dollar / Swiss France FX:USDCHF
USDCHF is new high.
Our more drawn out term target is 0.92.
How you can exchange on this diagram.
1. Watch 15 minutes time span and search for sell.
Or then again
2. Hang tight for 1 hrs motivation and join the fall after redress.
On the off chance that on the off chance that we dont see drive and value continues...
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 25th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 4 hour time frame we can see price action moving back towards a major support zone near the 144.166 area. If price action can reach these levels and hold as support once again we will be...