Hey Traders, in today’s trading session we are monitoring GBPUSD for a selling opportunity around 1.26000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26000 support and resistance area. Trade safe, Joe.
USD/JPY Holds Steady as Investors Await Key US Data The USD/JPY pair is maintaining its positive stance, hovering around the 147.50 mark, as traders eagerly anticipate the release of crucial US economic data. Recent developments have provided mixed signals for both the US dollar (USD) and the Japanese yen (JPY). In the US, the Bureau of Labor Statistics...
2023.9.15 USD and US crude oil rallied and retreated Hello, I'm Older Duan. Today is Friday, September 15th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the US dollar index rose...
SLO @ 1.1210 ⏳ TP5 @ 1.1190 TP4 @ 1.1125 TP3 @ 1.1015 TP2 @ 1.0950 TP1 @ 1.0850 BSO @ 1.0715 BLO @ 01.0690 📈 After a +500 pips profit towards the downside, PA should be ready to rock towards the upside again. Let's get this money. R:R @ 1:1 👉🏾 For more info, check out the Big Picture Analysis on my LIVE STREAM www.tradingview.com
The NZDUSD pair has been trading within a 8-month Channel Down since February and right now is staging the new rebound on its bottom (Lower Lows trend-line). The 1D RSI has been rebounding from the oversold zone on Higher Lows, while the candle action has been on Lower Lows, displaying a strong Bullish Divergence. As a result, we have the ideal signals to go long...
Yesterday EURUSD broke the previous low and reached 1,0631. The downside move keep going but we’ll be looking for exhaustion. There will be opportunities upon correction towards 1,0700 and pullback. The next support is 1,0609, where it is advisable to lower the risk of the sells and to look for reversal.
– Previous Daily candle closed small Bullish around 1910.800 forming new weak Daily Support around 1908.300, Rejecting the 1900s Strong Key Level. – Buys on close above 1913.800 targeting 1h Resistance formed around 1919.900, Leaving Runners to the next 1h Resistance formed around 1923.900. – Sells on close below 1907.800 targeting 1h Support formed around...
• All technical indicators are pointing to a bearish picture for the Euro • First, the price broke below an ascending channel since January • Second, the series of higher lows is being questioned as we are trading at the previous swing low at 1.0630 and bulls really need to defend that level to gain traction • Third, the price is trading below the 200 MA for more...
EURUSD reached the bottom of the six week Channel Down, completed a -2.70% decline such as the previous one and turned the 1H RSI extremly oversold (RSI = 17.487, MACD = -0.002, ADX = 31.778). This is a low risk chance to take a short term buy to the top of the Channel Down. Our target is, as with the previous rebound, the 0.618 Fibonacci level (TP = 1.08250). ...
The market looks bullish in daily time frame. The FOMC meeting on 19/20 Sep'23 is expected the pause the interest rate at 5.50%, which keeps the USDINR less volatile. If the interest rate is increased USDINR will be bullish. There is 3 more trading sessions to decide the direction. www.federalreserve.gov www.forexfactory.com www.nseindia.com
Sell USDJPY Wedge Breakout Price breaks the Rising wedge pattern now, its good chance to sell today, Thank you
Here is my latest structure analysis for USDCAD. Resistance 1: 1.3684 - 1.3695 area Support 1: 1.3475 - 1.3508 area Support 2: 1.3358 - 1.3390 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today’s trading session we are monitoring 146.800 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 146.800 support and resistance zone. Trade safe, Joe.
Is Gold getting ready to surpass its current high & reach a new one? Very high possibility! Even though a little more downside is expected, this version could also play out very well. I am currently holding short positions, but will open a buy as a hedge. I will keep you updated on this move!
Traders, do not forget that in less than 2 hours we are expecting the ECB rate decision and a press conference. Here is my technical outlook for EURUSD, ahead of the news. The pair has recently violated 2 structures: a horizontal daily support and a rising trend line. After the violation, the price set a new lower low and started a correctional...
ECB Likely to Keep Interest Rates Steady for the First Time in Over a Year It's expected that the European Central Bank will keep key interest rates unchanged on Thursday. ECB President Christine Lagarde might hint at a potential rate hike later in the year. The Euro is gearing up for potential market turbulence based on the ECB's decision and Lagarde's...
Hey Traders, in today’s trading session we are monitoring AUDUSD for a selling opportunity around 0.64600 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64600 support and resistance zone. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring EURUSD for a selling opportunity around 1.08 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08 support and resistance area. Trade safe, Joe.