The EURUSD pair hit our 1.07250 Target of our March 27 analysis (see chart below) before the current 1-week rebound: Right now it is giving mixed signals as the latest rebound made the 1D RSI break and stay above its MA trend-line, which is a pattern it following on the February - March Bullish Leg. At the same time though, the 2024 Channel Down is intact but...
Use of the Fed's international reverse repo facility - which allows international institutions to deposit money and earn interest - has increased by about $32 billion in the past three weeks, reaching a three-month high of $365 billion. The USD continued to decline as the market maintained caution, pushing up EUR, GBP, and AUD. Currently, traders are waiting for...
EURUSD is trading inside a Bearish Megaphone with the price very close to its top. This is still a sell unless it crosses over the top of the pattern. Trading Plan: 1. Sell on the current market price. 2. Buy if the price crosses over the top of the Megaphone. Targets: 1. 1.09800 (Resistance A). 2. 1.07000 (Fibonacci 0). Tips: 1. The RSI (1d) crossed over its...
Considering the strengthening of the dollar and the formation of a strong demand zone, we expect the price at 146.80 to create conditions for a powerful purchase with a loss limit below this demand zone.
Here is my latest structure analysis and important key levels to trade on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. technicals wise still healthy to go up, for majors i will be looking to go on short. Especially so watching on Nzdusd. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content,...
USDJPY is currently accumulating within a narrow horizontal range on a daily. It looks like the market participants are waiting for some important fundamental data next week to decide where to push the prices. I see 2 potential scenarios. Bullish 151.70 - 152.00 is a key horizontal resistance. Its bullish breakout - a daily candle close above, will be a...
In our last analysis, we had anticipated a minor correction in DXY but the correction has exceeded our expectations. Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a correction in DXY to the 103.7 zone before going up. Our technical view has been shown in the...
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It is very likely that we will soon have a correction to the targets of 149.420 and 148.000 in this currency pair. Pay attention that this analysis is in the daily time frame and the trigger to enter the trade is the breaking of the 150.00 level down in the 1-hour time frame.
After the previous detailed analysis on DXY, which we recognized the correction well, we have now reached an important order block in the 4-hour and daily time frame. If this important level is broken, the next level can bring the price back to the target.
The EURUSD pair got rejected today exactly on the 1day MA100, touching it for the first time since March 21st. That took place very close to the Falling Resistance of the Bearish Megaphone pattern, which adds more selling pressure on it. The ssell signal will be confirmed once the 4hour RSI crosses under its MA trend line. Sell and target 1.07230 (top of...
Hi my trader I pretect the price will push up as we got demand on time frame 4h I and also have signal confirmation support the price to up so I bought here As well as we have harmonic on 1h ,But what do you think?
The USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken...
A Few times before the Japanese government helped bring the usdjpy down, at this level. Today Powell from the USA helped a bit but it is up to the JPY to finish the job. A nice dip to the bac trend line isn't unlikely!
NZDUSD has turned bearish on its 1D technical outlook (RSI = 42.582, MACD = -0.004, ADX = 53.918) as up until two days ago it was on the 2nd Bearish Wave of the 2024 Channel Down. This wave appears to have ended as the price hit and rebounded on the S1 level, posting so far two very strong green 1D candles. The pair may make one more Lower Low as on February 5th...
USDJPY is currently accumulating within a narrow horizontal range on a daily. It looks like the market participants are waiting for some important fundamental data to decide where to push the prices. I see 2 potential scenarios. Bullish 151.70 - 152.00 is a key horizontal resistance. Its bullish breakout - a daily candle close above, will be a strong bullish...