Hey Traders, What we believe UJ price moves as mentioned on the chart, So we expect price to break just above and go higher, Therefore, how you can jump in this trend? Answer is quite clear, in HT we confirm that we are in extremely bullish move, and according to the JPY data we going to have more pressure on JPY currency, So how we enter! Look I mentioned...
The Canadian dollar has managed to maintain strength against the USD in a week with little Canadian specific economic data. Last week’s Bank of Canada (BoC) rate announcement saw Governor Macklem leave the door open to additional hikes should incoming data necessitate. Subsequently, the local balance of trade and labor reports outlined the economies resilience and...
– Previous Daily candle closed Bearish at 1913.400 forming Daily Resistance around 1922.400. – Buys on close above 1915.800 targeting 1h Resistance around 1919.800, Leaving Runners to the next 1h Resistance formed around 1923.900. – Sells on close below 1908.800 targeting 4h Support formed around 1904.400, Leaving Runners to the 4h previous Resistance formed on...
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
USDCHF is trading inside a Channel Up since the start of August. At the moment the price is supported by the 4hour MA50. The 4hour RSI indicates that we may be replicating a consolidation pattern much like August's. You can scalp the 0.88950 - 0.89775 range as the upper limit in August was the 1.618 Fibonacci extension. Follow us, like the idea and leave a...
Gold prices appear to be increasingly struggling to break above the key falling trendline from May on the daily chart below. Last week, XAU/USD climbed to the former rising trendline from October after breaking below it, failing to push back above the line. This created a key juncture of resistance that combined both trendlines. Since then, prices have aimed...
Gold moved lower today, putting us 700 PIPS in profit now!🎉 However, bare in mind this move down happened prior to CPI tomorrow so this could merely be a liquidity grab. We also have internal LQ sitting around $1,933 - $1,938 which we should be careful about. I have moved Gold Fund investors SL to $1946.60 which'll bank us 350 PIPS profit if market was to...
The EURUSD pair got last week the closest to the 1W MA50 (blue trend-line) it has been since the January 02 2023 1W candle, practically the start of the year. The 1W MA50 has been the long-term Support of the bullish trend since the pair broke above it on the week of December 05 2022. Testing it after that long can provide a technical rebound, especially...
Hey Traders, in today’s trading session we are monitoring USDJPY for a buying opportunity around 146.300 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 146.300 support and resistance zone. Trade safe, Joe.
The price is going to a major level of ressistance to a previous high. It also will find ressistance to a monthly down trendline. If we see a red candle next month it could possibly mean that we have a double top and we will see price moving down. It could be a good entry point for 1:5 RR (100-150 pips SL and 500 TP). Let's wait to find out!
The USDCHF pair broke last week above the 1 year Channel Down and closed above the 1D MA100 (green trend-line) for the first time since November 09 2022. The price action has now completed five 1D candles above the 1D MA100 and the pattern that seems to be prevailing is a Channel Up (blue). With the 1D RSI hit 67.00, almost turning overbought, so our intension is...
Looking at the GBPUSD, with employment numbers not very strong and GDP tomorrow expected to be in the negative territory Resumption of strength on the DX could drive the GBPUSD lower toward the support level of 1.2390
EUR/USD Struggles Amidst Dollar Rebound and ECB Uncertainty Introduction The EUR/USD pair is facing a challenging road ahead as it attempts to recover from recent lows. Despite an overnight rally that pushed it to a four-day high, the pair is grappling with a mild negative bias during the Asian trading session on Tuesday. Spot prices are currently hovering...
2023.9.12 USD has returned to the dense range of MA Hello, I'm Older Duan. Today is Tuesday, September 12th 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 returned...
Hello, Traders Investors And Community, welcome to this analysis about USDJPY, the recent events, the current price-formation and what we can expect from USDJPY in the next hours and days. The last time USDJPY made this significant bear-move to the downside where it provided heavy bearish selling volume after marking its high at 10.810. Since then it was in a...
Yesterday, EURUSD continued its correction and headed towards the resistance zone. By the end of the week, data on US inflation and interest rates from the ECB are due. Before the important news, it is not advisable to take a high risk and it is better to wait. We have determined zones on all major assets and are monitoring development!
– Previous Daily candle closed weak Bullish around 1922.400 as price rejects the 1930s level (Same Rejection from last Friday). – Buys on close above 1828.000 targeting 4h Resistance around 1934.100, Leaving Runners to the recent Weekly Resistance around 1940s level. – Sells on close below 1916.500 targeting 4h Support formed around 1909.800, Leaving Runners to...
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)