The United States dollar is a Federal Reserve Note and is the official currency of the United States and its overseas territories. Many countries use it as their de facto currency, while others use it as their official currency. The US dollar is the world’s most dominate reserve currency and is used in most international transactions. It is flat money which means that its value is derived from government regulation or law.
EURUSD Bearish Continuation in sight..
Failure to maintain the bullish breakout, followed by an impulsive break back to the downside.
Wait for a break and close below the ascending TL & 61.8% Fibonacci level to confirm this trade.
Details on the chart.
Happy Trading
EURUSD is approaching its support at 1.1635 (61.8% Fibonacci extension, 61.8% Fibonacci retracement x2, horizontal swing low support) where it could rise to its resistance at 1.1745 (76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 2.7% where a corresponding bounce could occur.
Technical analysis:
. VERITASEUM/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. There is ...
Looking to go long USDCAD but not before price can break out of the ascending triangle pattern and break through the 1.3200 psychological resistance.
Details are on the chart. Always wait for breakout confirmation before taking a trade pre-mature.
Happy Trading!
Price has sold off hard from the bearish price action analysis I did last week (those will be linked to this post). As I pointed out in my analysis last week, the bearish price action offers an opportunity to get short and once price drops to the 1215-1205 range we can switch from a short position to a neutral/short to then profit from the high implied ...
USDCHF Failed breakout leading to another test and strong rejection of the ascending trendline followed by a break above the resistance zone.
Details are on the chart. Always use proper risk management.
Happy Trading!
AUDUSD is approaching its support at 0.7366 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce and rise to its resistance at 0.7413 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 2.2% where a ...
MArket has reached a good support level with AB = CD formation
we can enter the trade now
confirmation on 1H has engulfing bullish candle
with stops below the previous low
Goodluck
dont forget to like and share
For short term I think we have to wait to buy in if you were not in already and HODL for those who were in before this pomp.
And for longer term, well Bitcoin is back in the channel I made and I think it will keep following it further, but first: RSI is high on 4H chart and the price is at a high level in the channel, so we can buy in when RSI is some lower on 4H ...
USDJPY is approaching our first resistance at 113.37 (horizontal swing high resistance, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 111.35 (horizontal pullback support, 23.6%, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (34,5,3) is also reacting off our resistance ...
WELCOME TO DACAPITAL TRADING!!
GBPUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Explosive reaction to 1.31000 KL
DAILY
Formed a bullish HL, expecting new Highs!
WEEKLY
Overall bearish market but also oversold strongly, we need a pullback and
sellers pressure is slowing down
LEVELS
BUY GBPUSD @ 1.32080
SL @ ...
Buy above 1.1635.
Stop loss 1.1567.
Take profit at 1.1745.
Reason for the trading strategy (technically):
EURUSD is approaching its support at 1.1635 (61.8% Fibonacci extension, 61.8% Fibonacci retracement x2, horizontal swing low support) where it could rise to its resistance at 1.1745 (76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic ...
The US Dollar is in a 4th wave correction, and appears to be forming either a flat-top triangle or contracting triangle, before heading higher. Key market data is imminent in about 2 weeks. US interest rates continue to make the US Dollar fundamentally attractive.
Buy above 0.7366.
Stop loss at 0.7345.
Take profit at 0.7413.
Reason for the trading strategy (technically):
AUDUSD is approaching its support at 0.7366 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce and rise to its resistance at 0.7413 (61.8% Fibonacci extension, 61.8% Fibonacci ...
I am placing a buy here with the bulls on NZDUSD because here after careful review, trend analysis and pattern recognition on the 1hr time frame for entry I have identified an SHORTING opportunity for the NZDUSD pair with confluences to match. Take a look at my analysis I would love your feedback. My trades a specifically for intra day trading I am completely out ...
