Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for USDJPY. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
DXY is rising towards a key overlap resistance and could potentially reverse from here. We could see price move down to our take profit target. Entry: 102.712 Why we like it: There is an overlap resistance that sits above the 23.6% Fibonacci retracement level Stop Loss: 103.287 Why we like it: There is an overlap resistance that sits above the 50.0% Fibonacci...
Take a look how USDCHF is testing a broken horizontal key level: The price formed a triangle pattern on 1H time frame, its trend line was broken this morning. I believe that the pair may retrace from the underlined structure. Goals: 0.8925 / 0.89077 ❤️Please, support my work with like, thank you!❤️
Last week we saw a definite rise in EURUSD and confirmation of the uptrend in H1. Important resistance was reached at 1.0940 and we are still holding to these levels. At current levels, there is no basis for new entries because there is no good ratio. We expect the uptrend to continue and will look for new entry opportunities. The next important resistance is...
– Previous Weekly candle closed weak Bearish at 1957.800 forming weak Weekly Resistance around 1961.300, Friday Daily candle closed Doji Bearish rejecting the Daily Resistance formed on Friday 9th June 2023. – Buys on close above 1961.100 targeting 1h Resistance formed at 1966.100, Leaving Runners to the 4h Resistance around 1969.800. – Sells on close below...
Hello Traders GOLD Price will surprise us this year here is why: 1- a W pattern is forming but it needs to be confirmed. 2- the double bottom pattern is confirmed. 3- downward momentum from 2067 to 1927 has no big volumes(also volume decreased), so it could be some form of correction, 4- last week, the FED news showed some uncertain weaknesses for the USD. Our...
Hello Traders BTC is playing weak for the last few weeks, but the downward trendline is going to be weak and weaker. after hitting 24800 support, BTC jumped off the support and made a Higher high. RSI and Stochastic indicators are showing good signs. it is possible that the price makes an upward move toward 28k. but if the downward trendline rejects the price...
I was looking at this with the RSI open and was getting mixed signals. The daily timeframe (short-term) also, mixed signals but this isn't the case for the long-term. The blue lines you see here, that's the trend. Both the long upper wick March 2022 and the crash May-Dec. 2022 are the excess. This chart is clearly saying that the Euro is set to continue...
It is expected that the price will reach the specified targets. LOg in ➡️ 1.27300 Tp1 ➡️ 1.28850🟢 Tp2 ➡️ 1.30000🟢 Tp3 ➡️ 1.31700🟢 St ➡️ 1.25900 🔴
Hey Traders, In anticipation of tomorrow's trading session, we have identified GBPUSD as a currency pair to closely monitor for a potential selling opportunity. GBPUSD is currently trading within a persistent downtrend, and at present, it is undergoing a correction phase. This correction phase is noteworthy as the currency pair is gradually approaching a...
Hey Traders, in tomorrow's trading session we are monitoring USDCAD for a buying opportunity around 1.31300 zone, USDCAD is trading in an uptrend and currently seems to be approaching the trend at 1.31300 support and resistance zone. Trade safe, Joe.
Here is my latest structure analysis for EURUSD. Resistance 1: 1.0937 - 1.0960 area Resistance 2: 1.1060 - 1.1096 area Support 1: 1.0874 - 1.0904 area Support 2: 1.0810 - 1.0850 area Support 3: 1.0635 - 1.0690 area Consider these structures for pullback / breakout trading next week. ❤️Please, support my work with like, thank you!❤️
Hey Traders! 👋 For Day 32/100 of our challenge, we will take a jab at USD and where it could head to next week Technicals: - Last week has been aggressively bearish - We're now at potential support at 102.2 - Also the 62% fib retracement from swing high > Can possibly see USD gain some strength on rebound at these levels > Or at 101 support BUT: Invalidation...
Chart wise, check out my stream this week for more info! **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift...
To hold or to break, bias still on the downside, long with care. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you...
BNP Paribas 2023-2024 Exchange Rate Forecasts Capital Outflows will Undermine the Dollar A starting point for the BNP market analysis is that it considers the dollar is notably overvalued in global markets, especially against the yen. It adds; “The USD on a G10 trade-weighted index is trading almost 2 standard deviations (about 25%) rich relative to our...
BNP Paribas 2023-2024 Exchange Rate Forecasts Capital Outflows will Undermine the Dollar A starting point for the BNP market analysis is that it considers the dollar is notably overvalued in global markets, especially against the yen. It adds; “The USD on a G10 trade-weighted index is trading almost 2 standard deviations (about 25%) rich relative to our...
Bearish trend will continue on USDCHF. I see multiple bearish confirmations both on Daily and intraday time frames. My advice to you - sell the pair on Monday. Goal - 0.891 Please, like this post, boys!