USD/CHF Retreats Amidst Positive US Data and Trade Tensions Introduction The USD/CHF currency pair is currently trading lower around 0.8910 during the Asian session on Friday, marking a retreat from its recent winning streak that commenced on Tuesday. This reversal comes despite the pair receiving upward support from robust US job data released on Thursday. In...
Hello There! Welcome to my new analysis about USDCHF on the 2-Day Timeframe Perspective. In the recent times, as I have spotted, USDCHF is converting more and more into a determining structure that is setting up a much larger price-action volatility-breakout than already seen before. Therfore, the next finalization-steps need to be confirmed for the major...
Hello There! Welcome to my new analysis about AUDUSD on several timeframe perspectives. The AUDUSD continued with continuational bearish price-action as it pulled back from several levels to continue forming lower lows. Now a major consideration here is if this trend into the bearish direction is holding on and in my chart I detected major signs that such a...
Hello There! Welcome to my new analysis about the USDCAD Forex Exchange Price-Action Rate on Several Timeframe Perspectives. The USCAD has shown up with this massive bounce in the structure after completing a very rate but substantial Diamon-Bottoming-Formation to reach out all of the initial target-zones already. Now, a big part of the consideration is if this...
Today's focus: USDCAD Pattern – LH Resistance Point Support – 1.3441 Resistance – 1.3515 Hi, and thanks for checking out today's analysis. The USDCAD daily is today's focus, and it held up rather well after oil blasted higher yesterday. With the USD maintaining its run, this has kept things in check. Despite that, we still saw a failed high from buyers that have...
EURUSD continues the downside move and we’re now below 1,0500. The next support levels are 1,0477 and 1,0423. The current levels aren’t good enough for another sells due to lack of a good ratio. Two days left until the end of the quarter and bigger fluctuations are possible.
Extreme fear, Futures hopes, future should look like future ("Elan Musk"). FED officials' comments cuts both ways, starts with hawkish to very hawkish tone. Ranging from need more than one hike, soft landing possible, rates will stay till 2024 then not sure if the next meeting holds any hike. Crude gallops near 95, blame the inventory deficits. USD continues to...
apologies again for sound issues at beginning We can see clearly the inverse relationship between DXY and XRP If DXY fails this breakout continuation and instead reverses (failed moves can fail fast).. then XRP can explode up from this 3d 200 average. However, as data is currently showing, there is a lot of downwards pressure being put on XRP and crypto coming...
Whats'up traders! Howdy? This is my view on the NZDUSD for the year's last quarter. Subscribe to my page for a top-down analysis and entry points for day traders. Peace!
Seems like Gold is forming a very complex structure, hence why this strong move took out early buyers and liquidated them in the process. ⭕️3 Sub-Wave Correction Complete. ⭕️Previous Lows Taken (Liquidity). ⭕️Oversold Market Conditions. ⭕️Strong Daily Supply Zone.
Seems like Gold is forming a very complex structure, hence why this strong move took out early buyers. ⭕️3 Sub-Wave Correction Complete. ⭕️Previous Lows Taken (Liquidity). ⭕️Oversold Market Conditions. ⭕️Strong Daily Supply Zone.
USDJPY is trading inside a short term Channel Up. Every recent rise has ranged from +1.40% to +1.96%. The 4hour RSI is on 77.60 (Resistance A), the highest it has been since August 16th. All the above justify to start a selling sequence as long as the price doesn't cross over the Channel Up. Target the 4hour MA100 at 148.750. You can start shorting and target...
DXY is rising without a correction inside a Channel Up since the middle of July. The 4hour RSI is approaching the 78.65 Resistance, the highest it has ever been inside the Channel Up. Every Higher High run has seen a minimum of +2.06% and a maximum of +2.58%. The current run has already met the +2.06% range. You can start shorting and target the 1day MA50 at...
GBPUSD is trading inside a Channel Down on the 4hour chart. The 4hour RSI is heavily oversold under 20.00 and the 4hour MACD is close to form a Buy Cross. Every MACD Buy Cross in the past 30 days has delivered a minor rise. Buy when this Cross is formed and target 1.2220 (under the 4hour MA50). Follow us, like the idea and leave a comment below!!
The USDCHF pair is seeing a dramatic price surge in September. The pattern post late 2022 is basically very similar to the previous Bear Cycle of 2019-2020. The bottom fractals in particular seem identical and the price is approaching the 0.5 Fibonacci rejection level. Trading Plan: 1. Sell on the current market price and another on the 0.5 Fibonacci...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.21750 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.21750 support and resistance area. Trade safe, Joe.
SLO @ 1.1235 ⏳ TP5 @ 1.1200 TP4 @ 1.1120 TP3 @ 1.0985 TP2 @ 1.0895 TP1 @ 1.0766 BLO1 @ 1.0635 📈 BLO2 @ 1.0550 ⏳ 1️⃣ PA is currently pulling back from our BLO1 2️⃣ PA is currently within a Resistance Range (3D) 3️⃣ If it respects the Resistance Range, I'm anticipating PA will continue the DT down to our BLO2 @ 1.0555
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59400 support and resistance area. Trade safe, Joe.