The AUD/USD is trending below last week's Thursday low (Support) which is being used as new resistance. The same level falls below the pivot point inside a symmetrical triangle. A break of the lower trendline could initiate a further downside movement in the price of the Aussie. This is worth looking out for!
I will be looking for AUD/USD Buys if price can come into this area in the london session with bullish confirmation. I will not be going over the technical reasons for the trade.
I am looking at EUR/USD Buys if price can come into this area within the london session. I will need to see bullish confirmation before a possible entry. I will not be showing the technical reasons for the trade opportunity.
I am looking for a possible sell opportunity if GBP/AUD can get up into this area within the new york session. Looking for bearish confirmation once price has arrived. I will not be going into the technical reasons for the trade.
I am looking at EUY/JPY Buys at this area. I only provide trade entries.
GBPJPY Intraday - We look to Buy at 161.94 (stop at 160.80) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A Doji style candle has been posted from the high. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the...
I was warning you for many weeks that 6-years-low is ahead on EURUSD. Being very oversold, the market would definitely bounce from that. Once the underlined structure was reached, I spotted a double bottom formation on 4H time frame as a confirmation. Bullish breakout of a neckline was a perfect trigger to initiate buying. Then the market bounced nicely...
GBPUSD Intraday - We look to Sell at 1.2400 (stop at 1.2515) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZDJPY H4 Popped higher here yesterday, as we saw also on the AUDJPY chart above, sell zone for AUDJPY, but not really for NZDJPY. We have indicated expectations and requirements if you like, which we feel would grant us reasonable entry meeting our RR requirements.
DXY H4 As per the video analysis above, we notice the exhaustion on the lower timeframes and possible bear breakout. This could be the trigger to see a bit of a dollar correction. This would certainly help our cable longs unfolds from our 1.30 support handle.
USDCAD is retesting a major broken trend line. On that, the price is currently consolidating. To short the pair with a confirmation you need a bearish breakout of 1.2566 - 1.2577 minor support. Its violation will trigger a bearish continuation. Goals will be 1.254 / 1.251 If the price breaks the trend line to the upside, the setup will be invalid. ...
On the H1 timeframe, Stochastic is bouncing from support which indicates opportunity for a bullish bounce. This presents an opportunity for a bullish play at 0.94030 level, in line with Fibonacci confluence and graphical support.
GJ is in a strong uptrend from HTF perspective, but is overbought and we could see a correction, down on the 1D TF price recently made a bearish impulse to the downside and broke below the previous Swing high, this move has been followed by a retracement which is currently testing the 0.618 fibonacci. If we drop down to the LTF we can identify the retracement is...
USDCHF is currently on bearish move, and it has broken a strong support area. The Pair now looks to retest the broken structure turning into resistance. My next target is (if not broken the resistance of course) 0.91718 What do you think of USDCHF Now!!
XAU/USD has got a few more laps to complete inside the falling wedge, and being below the 200-day SMA is a strong indicator for the bearish continuation for the yellow metal. A Bearish setup, Sell stop - 1915.00 Take Profit - 1860.00 Trade with appropriate risk management.
EUR/CAD in an obvious symmetrical triangle, a breakout from the upper trendline and 200-day SMA at 0.4100 would initiate a bullish run. If that did not happen, the triangle might get widened, or a deeper surge could emerge. This is worth looking into as well. A Sell stop order above 0.4100 could be set for a long-term target at 0.4500.
GBP/USD has been ranging below the 38.2% fib extension, forming double-tops and correcting back to 1.2225-20 zone. This indecisiveness could be prolonged till the end of this week, or the sellers finally take over the market and drive it further down. Either way, the overall technical outlook is bearish and could stay that way, till it hit the 1.3175 Dec-2021...