AUDUSD - 24h expiry There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 0.6629. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Indecisive price...
Past Performance The Euro remains under intense selling pressure and is in a bear formation. USD bulls seem to be getting started, looking at the rapidity of the recent sell-off. From the daily chart, the immediate resistance level is at $1.0940 as sellers press on, targeting $1.0730 and $1.0500. #EURUSD Technical Analysis The sell-off continues, and USD bulls...
FX analysts at Danske Bank, UniCredit, UOB, and ING suggest that the near-term direction of the EUR/USD exchange rate is somewhat uncertain, with the potential for both downside risks and temporary upticks. Factors such as the state of the US economy, the next central bank meetings, and risk-off sentiment related to the US debt-ceiling situation are expected to...
EURUSD keeps the down trend on H 1. Yesterday we saw breakout of the previous low and now the market is testing it. We expect another drop and exhaustion below 1,0800. We don’t currently trade EURUSD.
USD d1 indeed broke out, for me we might see a day or 2 more of rally then pullback could set in...that's where we then camp for long position ...let's see how things play out later on next week. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like...
• Here is a long term view on the Dollar dating back to 2001 • It is always best to look at the primary larger trend to understand where we are in the market • The chart printed a symmetrical triangle since July 2001 with its bottom in March 2008 • The Dollar managed to breakout above the triangle in April 2022 shortly after the Ukraine-Russia war started and the...
SLO @ 141.75 ⏳ TP3 @ 1.3970 TP2 @ 1.3570 TP1 @ 1.2840 BSO @ 1.2540 📈 BLO @ 1.2455 📈 Technically, the analysis for GBPUSD is flat. This currency pair is currently trading at $1.2485, which is still below the Anchor of May 27, 2022 which is @ 1.2667. This suggests that the trend is bearish. However, the bulls broke the Anchor on Cinco De Mayo reaching $1.2680,...
SLO @ 0.7130 ⏳ TP4 @ 0.7115 TP3 @ 0.7033 TP2 @ 0.6925 TP1 @ 0.6750 BSO @ 0.6650 📈 BLO @ 0.6585 ADDITIONAL INFO: * The pair is currently trading below the 200-day moving average, which is a bearish signal. * The RSI is below 50, which is also a bearish signal. * The MACD is crossing below the signal line, which is another bearish signal. Based on these technical...
RESISTANCE @ 116.82 — a break above this level would indicate an uptrend SUPPORT RANGE 101.635 to 105.005 — now that Price Action (3W) has opened/closed below this range I'm anticipating a continuation of the downtrend SUPPORT @ 90.80 — if Price opens/closes below 89.66, it should continue the downtrend; however, it's highly unlikely to break below.
EURUSD is on the 3rd consecutive red 1W candle with 1W technicals turning neutral (RSI = 55.304, MACD = 0.015, ADX = 31.636) and 1D bearish. The bearish alarm comes from the 1W RSI, which declined after a Double Top. The very same Double Top emerged on December 14th 2020 and January 29th 2018. Both were at the very tops of the price, with a HH trendline present...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24400 zone, GBPUSD is trading in an uptrend and currently seems to be attempting to break it out, if we get dips below 1.244 support area we will be looking for a potential retrace of the trend. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08200, EURUSD was trading in an uptrend and currently seems to be attempting to break the trend with current USD strength, if we get dips below 1.08 support are we will be looking for a potential retrace of the trend towards more lows. Trade safe, Joe.
Our trade relies on fundamental analysis, and technical analysis only serves as our entry point. Currently, the US is undergoing a process of quantitative tightening. Today we have the FOMC meeting, expecting to result in a 25 basis point rate increase. A rate increase of 50 basis points or continued rate hikes would be seen as a hawkish signal. Most likely it...
EURUSD / 4H Hello traders, welcome back to another market breakdown. EURUSD has been trading in a trading range, Bulls tried to break higher from a tight channel, However, they seem to be failling. I'll be waiting for the price to give me another push higher as a final flag before shorting. Trade safely, Trader Leo
USDJPY / 1D Hello traders, welcome back to another market breakdown. USDJPY has made a strong leg higher, usually the market tend to make another leg higher after an umpulse. Hence, I'll be looking for a shrt squeese for late bears after I see a good break of structure. otherwise, this can still lead lower. Trade safely, Trader leo
According to strategists at ABN AMRO, the price of gold in US Dollars could be set to ease slightly to $2000 in 2023, before rallying in value to $2200 in 2024. Of course, one of the biggest advantages to include gold in your portfolio is to hedge against inflation. Despite a rally of over 10% this year, the price of gold may face limited upward movement from...
Foreign exchange analysts at Credit Agricole suggest that while uncertainty surrounding the US debt ceiling has been a key factor impacting the US Dollar (USD) recently, a resolution could potentially pave the way for a more sustainable recovery of the currency. The recent ambiguity associated with the US debt ceiling - which is a legislative limit on the amount...
Foreign exchange analysts at Credit Agricole suggest that while uncertainty surrounding the US debt ceiling has been a key factor impacting the US Dollar (USD) recently, a resolution could potentially pave the way for a more sustainable recovery of the currency. The recent ambiguity associated with the US debt ceiling - which is a legislative limit on the amount...