My dear subscribers, This is my opinion on the GBPCHF next move: The instrument tests an important psychological level 1.0854 Bias - Bearish Technical Indicators: Supper Trend gives a precise signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0777 My Stop Loss - 1.0892 About Used Indicators: On the...
My dear friends, My technical analysis for CHFJPY is below: The market is trading on 170.94 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 169.87 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
My dear subscribers, GBPUSD looks like it will make a good move, and here are the details: The market is trading on 1.2761 pivot level. Bias - Bearish My Stop Loss - 1.2789 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.2717 About Used Indicators: The average true range ATR plays an important...
My dear friends, My technical analysis for GOLD is below: The market is trading on 2034.5 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2054.4 Recommended Stop Loss - 2023.8 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used...
The Kiwi (NZD/USD) has just reacted off a pullback resistance and could potentially drop lower towards our take profit target. Entry: 0.62598 Why we like it: There is a pullback resistance level Stop Loss: 0.62936 Why we like it: There is a pullback resistance that sits above the 61.8% Fibonacci retracement level Take Profit: 0.62046 Why we like it: There is a...
EUR/GBP could rise towards a pullback resistance and potentially reverse off this level to drop lower towards our take profit target. Entry: 0.86123 Why we like it: There is a pullback resistance level Stop Loss: 0.86395 Why we like it: There is a pullback resistance that sits above the 38.2% Fibonacci retracement level Take Profit: 0.85778 Why we like...
USD/JPY is trading close to an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 144.896 Why we like it: There is an overlap support that aligns close to a confluence of Fibonacci levels i.e. the 50.0% retracement and the 61.8% projection Stop Loss: 144.269 Why we like it: There is an overlap support that...
– Previous Daily candle closed Bullish around 2029.000 forming Daily Support around 2024.300 within Daily recent range and leaving 110 pip Rejection wick to the downside. – Buys on close above 2036.000 targeting previous Daily Support formed on 4th January 2024 around 2041.400, Leaving Runners to the 4h Strong Resistance formed on 4th January aswell around...
– Previous Daily candle closed weak Bearish around 185.310 forming Daily Resistance around 185.710 leaving a Rejection wick to the upside. – Buys on close above 185.890 targeting 4h previous Support formed on 23rd November 2023 around 186.390, Leaving Runners to the previous Daily Support formed on 30th November 2023 around 186.850. – Sells on close below 185.030...
We've seen a nice pullback on NZD/USD into a prior volume cluster, false break of 0.62 with a doji and a bullish divergence with the RSI (2). Assuming US CPI doesn't surprise to the upside, this looks like a decent swing trade long setup. Although a risk-on vibe and broad USD weakness is required to make it work. Take note that 1-day implied volatility is 2.5x...
My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0948 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.1017 Recommended Stop Loss - 1.0913 About Used...
My dear friends, Please, find my technical outlook for QQQ below: The price is coiling around a solid key level - 396.75 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 405.80 About Used Indicators: The pivot point itself is simply...
My dear followers, This is my opinion on the NZDUSD next move: The asset is approaching an important pivot point 0.6223 Bias - Bullish Safe Stop Loss - 0.6190 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.6277 About Used Indicators: For more...
Hi Traders! There is a potential bearish pennant break on the AUDUSD. Here are the details: Price is currently on the 20 EMA, and with market swings with lower highs and lower lows, the price action suggests that this is a bearish setup. We are looking for the market to target the trendline support with a possibility of a break below to target levels near the...
January 11th DXY: (CPI y/y) 3.1-3.3% DXY bounce up, remain within the range 102 to 102.70 Below 3% DXY break 102, head to 101.45. NZDUSD: Retrace and reject resistance, Sell 0.6265 SL 20 TP 45 AUDUSD: Sell 0.6670 SL 20 TP 60 USDJPY: Sell 144.70 SL 25 TP 120 GBPUSD: Sell 1.2750 SL 20 TP 60 EURUSD: Sell 1.0970 SL 20 TP 40 USDCHF: Do nothing USDCAD: Look...
The Australian dollar’s rally has met its match around a key resistance area, which includes the January trendline and Q3 open price. A 2-bar reversal formed on Wednesday, following RSI reaching overbought the day prior. And as the US dollar has weakened on bets on Fed cuts ahead of a key PCE inflation report, I suspect there may be some disappointment and the...
EUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 159.950 Why we like it: There is a pullback resistance that aligns close to the 161.8% Fibonacci extension level Stop Loss: 160.595 Why we like it: There is a pullback resistance that sits above the 78.6% Fibonacci...
GBP/AUD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.89459 Why we like it: There is a pullback support that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 1.88988 Why we like it: There is a pullback support level Take Profit: 1.90679 Why we like it: There is...