The NZD/USD is rising towards a resistance level, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement; it could reverse from this level to our take profit target. Entry: 0.60459 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement Stop loss: 0.61050 Why we like it: There is a pullback...
The price is falling toward a support level, which is a pullback support level that aligns with the 61.8% Fibonacci retracement; it could bounce from this level to our take profit target. Entry: 0.90583 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.89995 Why we like it: There is a pullback...
The price is falling toward a support level, which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.36138 Why we like it: There is a pullback support level Stop loss: 1.35554 Why we like it: There is a pullback support level Take profit: 1.37245 Why we like it: There is a...
GBP/USD is rising toward a resistance level, which is an overlap resistance level aligning with the 38.2% Fibonacci retracement, and could reverse from this level to our take profit. Entry: 1.25932 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.26741 Why we like it: There is a pullback...
Overview: The DXY Dollar Index is currently undergoing intricate price action dynamics, characterized by fluctuations within key levels. Understanding these levels and potential scenarios is crucial for navigating the market effectively. Key Levels: 1. Support Levels: - Notable support lies at , representing a significant area where buying pressure has...
Current Market Overview: The EUR/USD pair has recently reached a significant support zone and has broken below a key trend line after experiencing some fluctuations within this zone. This breach signals a potential shift in market dynamics. Technical Analysis: 1. Support Zone: The pair has reached a crucial support zone, suggesting a potential reversal in the...
The current EUR/USD exchange rate stands at 1.08251. Earlier, in the opening market, there was a break of the trend line over an 8-hour period. Presently, the market seems to be retesting that break and experiencing a pullback, suggesting a potential opportunity to sell. There's a possibility that the price might return to the channel for what could be a false...
Attention Traders, In today's trading session, we're closely observing USDJPY, pinpointing a potential buying opportunity around the 152.900 zone. USDJPY maintains its uptrend trajectory, currently navigating a correction phase as it approaches the critical 152.900 support and resistance area. Adding depth to our analysis, let's delve into the fundamental...
Hey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.08800 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08800 support and resistance area. Trade safe, Joe.
Now is a very good time to get into USDJPY long positions & target the $153 price point. Offering a good 600+ PIPS profit! Bare in mind this the 1D TF, so be generous with your SL & give market breathing space.
We could possibly see a minor dip down on USDJPY as a correction, but overall we are still bullish. The top of the market is not in yet🤙🏽
Despite the DXY aggressively correcting itself, USDJPY has managed to stay firm & correct itself through a consolidation phase, rather then dropping as well. We still remain in our USDJPY buy positions & holding towards $153.300🤙🏽
We saw USDJPY sharply move down yesterday as a correction, in turn trapping in new sellers. As soon as new sellers got trapped, markets used them as liquidity and pushed back up. Our buy position running 445 PIPS in profit🤙🏽
USDJPY holding up extremely well & running 450 PIPS in profit. This move has already been made risk free as SL is at breakeven🤙🏽 The 'before' analysis has also been posted on my TradingView, available for you all to go and see!
The GBPUSD currency pair has been making headlines recently, but not for the reasons bulls might have hoped. After a lengthy period of consolidation, the pair has experienced a concerning breakdown, accompanied by above-average volume. This bearish signal suggests choppy waters ahead for the British pound. Dissecting the Breakdown: Its price bouncing between a...
After the cpi report yesterday the price has broken its somewhat pretty respectable support according to me and now it seems to be heading towards its daily support near 1.0675. As I have marked the downtrend I think price might even go further down the weekly support but you never know what can happen in forex market so I will take my profits near weekly...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per my last analysis, attached on the chart, NZDUSD rejected the lower bound of the channel and traded higher. 📚 Currently, NZDUSD is approaching the upper bound of the channel. Moreover, the highlighted red zone is a strong structure acting as a minor resistance. 🏹 ...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price recently rose to the resistance level, which coincided with the seller zone and even entered to this zone. However, it soon turned around and made a downward impulse lower the 66500 level, breaking it and the 71000 level too. After this, the price...