The GBPAUD pair is on overbought 1D technicals (RSI = 70.497, MACD = 0.019, ADX = 49.220) with the price also close to the HH trendline of the past 9 months. We are buying the next pullback towards the S1 Zone and the 1D MA50, targeting R1 (TI = 1.9200).
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AUDCAD is trading inside a Channel Down pattern with the 1D technicals bearish (RSI = 43.171, MACD = -0.004, ADX = 38.042). Even though the long term pattern is bearish, the rebound yesterday and closing over the 1D MA200 can be a bullish signal along with the HL that the RSI is on (bullish divergence). However until the 1D MA50 breaks, we cannot call for any...
AUD-NZD is now consolidating
Below the key level which has
Transformed into the resistance
So because the pair is in the
Downtrend on 1D timeframe
This gives off bearish vibes
And once the local support
Of the consolidation breaks
We will see bearish triumphant
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✅CAD_JPY was trading along
The massive long-term
Rising support line but now
A breakout has happened
Which makes us bearish biased
And makes us expect
A retest of the support below
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The EURCHF pair hit today S1 (0.97250), which is a Support level holding for exactly 4 months, turning the 1D technicals bearish (RSI = 34.341, MACD = -0.003, ADX = 35.665). The strong rebound that has followed intra day as well as the RSI approaching the 30.000 oversold limit, is enough to make us go long after some time on this pair. TP = 0.99500, which is under...
We want to check the trend of CHFJPY in Forex and for the new week.
As it seems this week is a bearish week for CHFJPY.
Of course, it is possible to increase up to 146,206 euros. However, the closing price of the market is moving in a rising channel in 1-hour and 4-hour and the general trend is bullish.
These drops will continue until 142.238. This...
EURUSD is inside an Ascending Triangle and that keeps it neutral on the short term 4 hour chart. Above the resistance zone buying is limited to the long term rising channel. But below the Triangle there is a strong demand on the support zone around 1.0700. This is where the 4hour MA200 is headed.
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Looking at the bigger picture, USDJPY is in a downtrend for now and has been creating Lower Lows and Lower highs.
The downward move should likely start anytime to continue further down breaking the Higher time frame Lower Low to create a new one. Come UsdJpy, show us what you got. I have made my Sell entries. Catch you on the flip side.
My name is Opeoluwa aka Opizzlefx and i have created this video to explain my view on AUDCAD and my projection. I started my analysis from the WEEKLY timeframe gathering all my information that i need to make a decision on the lower timeframe. If you need to understand this simple method just message me privately.
Thanks for Watching
Higher low channel formation on EU, quite a nice hold at support and bull momentum swing upwards. Looking to target previous highs as first TP, going further to 1.1220 area potentially.
Overall, on weeklies we still maintain a bearish bias, as price is trending downwards without a clear reversal pattern indicated as of yet.
TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
I wanted to take a deeper look into USA and Canada. When looking at techs and fundamentals, there looks like there could be some space here for a run as we go through our interest rate spikes etc throughout this year. On the daily timeframe, I doubled the ATR for my stop loss and the target is near the 60% area which is where the previous high's are on a higher...
i think eurusd is stuck in a triangle and two paths that i show maybe works for the rest of week
and im looking too sell on that area or if eurusd break his triangle and confirm that im looking for buy but its probably wont happen
plz share ur idea about eurusd and tell me what you think about my idea
i hop have profitable day this week