On the H4 timeframe, prices are ranging between 1.3450 and 1.3350. A pullback to 1.3450 could see prices break below the support zone at 1.3350 to the next one at 1.3320, in line with the 78.6% Fibonacci retracement. Prices are lying below the Ichimoku Cloud as well, supporting our bearish bias.
The rand managed to pull the pair to a daily close below the 50-day MA, yesterday, off the back of a broadly weaker dollar. There was no data driving the weakness in the greenback but it seems the weakness is stemming from the “plausible soft landing” narrative and the stable decline in US 10-year bond yield since the beginning of the year.
Today’s calendar has...
GBPUSD pair is about to test a fierce downtrend.
The bullish run could continue to break the downtrend and form a new peak OR stops and starts dropping from the current to test the downtrend.
Looking at RSI we see that the pair is clearly overbought.
All the love, Lacasafxfamily
There have been no good opportunities over the last two days, but every drop has been fallowed by a sharp rise.
It’s more likely that we will see a continuation of the upward movement towards 1.0990.
There’s a lot of news today and we expect big fluctuations .
Upon heading towards 1,0865 we will watch for a pullback and buying opportunity.
The USD/ZAR price has formed a small double-top below the smooth descending trend. With the SARB decision and US GDP data coming up, I expect a bearish breakout below its neckline.
Hi Trader's ,, How Area You Today ? Let's Start To Analyze The Market And Get The Best Chance To Enter Trades ,,
On 1 Hour Time Frame We Get Great Area To Sell EURJPY ,, To Green Zone ,, Let's Take A sell Now ,,
Title: DOTUSD Futures ( DOTUSD3 ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 7.206
Pivot: 6.071
Support: 5.544
Preferred case: Looking at the H4 chart, my overall bias for DOTUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the...
On the H4 timeframe, prices are ranging between 131.50 and 127.50. Stochastic RSI is in the oversold region below 20, supporting the possibility of a pullback to 131.00, which coincides with the 50% Fibonacci retracement. Prices could then rebound to the support zone at 127.50.
Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a sell entry at 2602, where the overlap resistance and 61.8% Fibonacci line is. Stop loss will be at 2675, where the recent high is. Take profit will be at 2507, where the recent low is.
Please be advised...
Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a buy entry at 4002.25, where the overlap support is. Stop loss will be at 3949.06, where the 61.8% Fibonacci line is. Take profit will be at 4107.31, where the overlap resistance and 78.6% Fibonacci line...
Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market structure. Looking for a pullback sell entry at 130.018, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 131.115, where the recent swing high is. Take profit will be at 127.215, where...
Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market structure. Looking for a pullback sell entry at 130.018, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 131.115, where the recent swing high is. Take profit will be at 127.215, where...
On the M30 time frame, prices are approaching the resistance zone at 0.6500 where we could see a reversal below this level. The 0.6500 resistance zone coincides with the graphical support-turned-resistance zone and 61.8% Fibonacci retracement. Stochastic is facing bearish pressure from its resistance at 95.25 as well, where we could see a reversal in prices.
On the H1 time frame, prices are approaching the support zone at 128.80, in line with the Fibonacci confluence levels and a throwback to this zone could present an opportunity to play the bounce to the resistance zone at 130.50. Stochastic is approaching support at 3.90 supporting the bullish bias. A change in market structure on the lower time frames, following...
On the H1 time frame, prices are testing the resistance zone at 1.0920, in line with the 78.6% Fibonacci extension where we could see a reversal below this level to the support zone at 1.0860. Stochastic is testing resistance at 98.05 as well, supporting the bearish bias.
Looking at the H4 chart, my overall bias for BIDU is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a buy stop entry at 139.03, where the previous high is to ride the bullish momentum. Stop loss will be at 124.07, where the previous overlap support and 23.6% Fibonacci line is. Take profit will be at...
