The USDCHF pair is forming the Right Shoulder of a Head and Shoulders pattern. For many weeks now it has found Support and is turning sideways within the Shoulders Rectange and can trade within that range for as long as 6 months. This is an excellent sideways trading opportunity. Proof that 1D is technically neutral (RSI = 50.834, MACD = -0.001, ADX =...
EURUSD Analysis recap.. The pair (like all others) is moving sideways, however, it did mitigated a SUPPLY zone yesterday and created a CHOCH on 2H TF.. I will look to sell to the refined WEEKLY DEMAND zone (shown in the clip). From there i will monitor LTF and potentially look to buy. For now, I am personally waiting until next week, as the market isn't moving...
Hey Traders, above is an overview on NZDUSD and the most important zone to watch!
The high momentum of the fall can easily break the black support.
The EURUSD pair has hit the 1D MA50 (yellow trend-line) for the second time this week and so far that is keeping it within the Channel Up of November. The 4H RSI however shows that it may be repeating the Double Bottom pattern of the first week of January and in that case could hit the Buy Zone again. When that happened then, the price made a Lower Low on January...
It is about more than one year that UsdAfn price is sandwiches between 91 and 84 if the price break above 92 you will be witness above 100 levels
EURUSD - Intraday - We look to Sell at 1.0743 (stop at 1.0792) Broken out of the channel formation to the downside. Buying posted in Asia. Reverse trend line resistance comes in at 1.0742. The 261.8% Fibonacci extension is located at 1.0595 from 1.0787 to 1.0714. Bespoke support is located at 1.0595. Although the anticipated move lower is corrective, it...
The recent drop in the EUR/USD pair seems to have started a retracement, which is a temporary reversal in the direction of a price trend. In this case, the price has reached the 0.382 Fibonacci level, which is a common level of support and resistance used in technical analysis. The presence of an ascending channel, with the price bouncing off the lower trend...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. USDCHF is still overall bearish trading inside the red falling broadening wedge and channel in red, and it is currently approaching the upper red trendlines . Moreover, the zone 0.935 - 0.94 is a strong weekly resistance zone . 🏹 So the highlighted purple circle is a strong...
Breaking below 1.0681/69 would allow for another leg lower. The EUR/USD has maintained key support at 1.0681/69. This supports our base case scenario of a long period of ranging, with this level expected to define the low end of a new range. The recent false breakout above key resistance at the 50% retracement of the 2021/2022 fall at 1.0944 adds to the...
Details on chart - looking for more sells ahead of dollar domination sentiment coming out on top
For several days now, we have been waiting for the EURUSD correction to join the continuation of the downward movement. Yesterday we saw a pullback just before the zone and now we will watch for a new bottom. On a break of the previous bottom, the target will be 1.0565. If you already have trader, reduce the risk when the price reaches 1.0680. The best...
Time: 15 Feb 00:30 AEDT / 14 Feb 13:30 GMT The economist's median estimate (we consider to be the consensus) – core CPI is eyed at 5.4% (down from 5.7% in Dec), with headline CPI eyed at 6.2% (from 6.5%). *The Cleveland Fed inflation nowcast model currently sits at 5.6% YoY. Also consider there will be some tweaks to the BLS CPI weightings today, so I will...
Hi All, we have a inverse H&S pattern forming on H1 where we are buying the right shoulder. Entry, SL and TP marked. Follow, share and like and comment. Many Thanks
Looking at the H4 chart, my overall bias for NZDUSD is bearish as there is a descending trend line, Looking for a sell entry at 0.63811 where is the overlap support. We are looking to take profit at0.60053, which is the rintermeiate support, Stop loss will be placed at 0.65199 where the recent swing high. Please be advised that the information presented on...
Looking at the H4 chart, my overall bias for AUDUSD is bearish as there is a descending trend line, Looking for a sell entry at 0.70104 where below the overlap support. We are looking to take profit at 0.67134, which is the recent swing low, Stop loss will be placed at 0.71572, where the recent swing high. Please be advised that the information presented on...
Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell limit entry at 22569.58, where the overlap resistance is. Stop loss will be at 24140.33, where the recent high is. Take profit will be at 19987.17, where the overlap support is. Any opinions,...
We have resistance on the pair, I expect a push down to marked lows for possible retest. SELL!