The USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3813, positioned close to the breakout level....
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. FX:GBPUSD Key Points: Sell Entry: Consider entering a short position around the current price of 1.2916, positioned close to the...
The EUR/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.0842, positioned close to the breakout level. This...
The USDCAD pair is on the 2nd strong green 1W candle, following the rebound on the 1W MA50 (blue trend-line) and is approaching Resistance 1 (1.39000), the October 30 2023 High. This is technically the most optimal sell opportunity on a 1-year basis. The short-term Target is the 1W MA50 (blue trend-line) on a potential contact with the 0.382 Fibonacci retracement...
DXY broke the symmetrical triangle on the 1D timeframe, breaking the previous low. I believe that a bearish trend is starting in the short term, if this is confirmed it could be beneficial for the crypto market.
USDCHF May run to 0.92100 early next week, as the week's high. I anticipate a reversal once it reaches that level ahead of US PMI and US GDP. Given that the GDP is expected to decline, any less than forecast figure may push it 0.88700 then later to 0.88100.
The USDCNY pair has been trading within a Channel Up pattern since the December 15 2023 market bottom. Yesterday is completed a violent 2-day collapse and hit the 1D MA200 (orange trend-line) right at the bottom of the Channel Up. The price almost immediately rebounded, so that gives the most clear buy confirmation on the short-term. We turn bullish again,...
possible recovery for us dollar. possible target : 108+ good luck.
Hey Realistic Traders, let's dive into the technical analysis of SAXO:USDCAD USDCAD has moved above the EMA200 line again, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of a falling wedge pattern and experienced a MACD bullish crossover, where the MACD line crosses above the signal line, suggesting increasing...
Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into...
USDJPY keeps falling like crazy. Here is the updated structure analysis and important key levels to focus on. Support 1: 151.70 - 151.90 area Support 2: 150.26 - 151.30 area Support 3: 146.50 - 146.85 area Resistance 1: 153.55 - 154.90 area Resistance 2: 155.38 - 156.18 Consider these structures for pullback/breakout trading. ❤️Please, support my work with...
Hey traders as you can see we are approaching a supply area on the USD / BRAZILIAN , my weekly fundamentals are telling me we have got a potential good set up here to sell. Sell limit trade Entry 5.6514 SL 5.7832 TP 5.1315 This chart material is for educational purposes only / Demo account should be traded only
The USDINR pair broke this week above Resistance 1 (83.700), the long lasting level since the week of March 18 and following a strong rebound on the 1W MA50 (blue trend-line), the break-out should technically lead higher. The long-term pattern remains a Rising Wedge and we expect at least a symmetrical +1.29% Bullish Leg to price the Higher High, similar to the...
The Japanese yen is strengthening due to the increased possibility of an interest rate hike By examining the trend in the one-hour time frame, USD/JPY has the resistance range of the ceiling of the descending channel in the range of 156.84-156.56, and if it is maintained, it can decrease in price up to the support range of the channel floor in the range of 154.31-153.86.
The EURUSD pair is pulling back as per our last week's trading plan (July 16, see chart below) and reached the bottom of the (dashed) Bullish Leg: The long-term pattern remains a Channel Up but as mentioned last week, the current Bullish Leg is about to get exhausted. On the previous Bullish Leg it did on a Double Top. Regardless if that takes place or not...
The GBPUSD pair almost hit the top of its 10-month Channel Up and immediatelly got rejected. The subsequent pull-back is so far restrained within the (dotted) Channel Up that uses the 1D MA50 (blue trend-line) as its Support. The previous such Channel Up, essentially the first Bullish Leg of the (blue) Channel Up, topped at +6.00% (which is where the current...
The EUR/USD pair on the Daily timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the upcoming Days. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
The DXY price is currently in a bearish trend, moving within a major descending channel. However, our plan is to enter on the bullish side since the price has broken out of the descending trendline and completed an Elliott Wave 12345 pattern. We will enter after a bullish confirmation at a key level, anticipating the price to follow the Elliott Wave ABC...