USDCHF is technically bearish on the 1D outlook (RSI = 38.319, MACD = -0.005, ADX = 47.617) and the long term pattern remains a Channel Down but the 1D MACD has formed a Bullish Cross. Since August 2022, 3 out of 4 such formations under 0.000 have initiated strong rises. Consequently, at least on the medium term, we regard this formation more dominant than the...
Price action analysis for GBPUSD. Important key levels. Potential scenarios. Trading recommendations. โค๏ธPlease, support this video with like and comment!โค๏ธ
USD looks weak, actually USDJPY has made a pullback but looks now read to retest local low.
The NZDUSD pair hit the 0.60500 target (see chart below) we set on our most recent call (October 27): As you can see, the price extended even higher to the top (Lower Highs trend-line) of the 12-month Channel Down where it has so far been rejected. This is technically the most optimal level to sell, as long as the trend-line holds of course. We are taking...
โ Previous Daily candle closed Bearish around 1981.700 retesting Daily Support formed on 21st November 2023. โ Buys on close above 1984.500 targeting previous Daily Support formed on 23rd November 2023 around 1989.700, Leaving Runners to the 4h Resistance formed around 1994.300. โ Sells on close below 1976.000 targeting 4h previous Resistance formed on 15th...
EURUSD is neutral on the 1D timeframe (RSI = 45.323, MACD = 0.002, ADX = 35.660), trapped inside the 1D MA200 and 1D MA50. We have grasped the bearish momentum ever since before the November 29th High, which as you see in the past ideas at the end, gave us the best short entry possible. Now with the Fibonacci retracement levels of the eleven month Channel Down...
USDCAD is being rejected on the 1D MA100, having turned bearish when ir crossed under the 1D MA50 on November 24th. The 1D technical outlook is naturally bearish (RSI = 40.749, MACD = -0.004, ADX = 31.294) giving us the ideal sell opportunity for an additional short, that will aim this time for a -4.00% decline from the top (TP = 1.33500). The 1D RSI is on a...
USDCHF reached an important confluence zone last week. We see a nice intersection between a daily horizontal support and a lower boundary of a falling parallel channel on a daily. Analyzing 12H time frame, we can spot an inverted head and shoulders formation. The neckline of the pattern was broken with a high momentum bullish candle on Friday. It confirms...
Last Friday, the yen experienced a decline, reversing the strong trend observed on Thursday. This shift in market dynamics was attributed to the transition of focus from speculations about the Bank of Japan's recent monetary policy to robust Japanese jobs data. On the other side of the Pacific, the US economy exceeded expectations by creating more job openings...
USDJPY price has show rejection from the resistance area twice, and price is attempting to break below ascending channel, if price manages to break below the channel, we can expect the price to move lower. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to...
Hello guys, I hope you have a good and profitable week ahead. The first point of entering the market and the second point are marked with a green line. Don't forget my constant slogan of capital management. Love you TRex
โ Previous Weekly candle closed strong Bearish around 2004.300 forming strong Weekly Resistance formed around 2072.000 leaving a Weekly Rejection around 2149.200, Friday Daily candle also closed Bearish forming new Daily Resistance around 2028.700. โ Sells on close below 1995.000 targeting Daily Support formed on 23rd November 2023 around 1989.500, Leaving Runners...
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DXY have to breaks the 104.350 to secure its trend, unless it will drops to the first resistance area which is 103. So, wait till DXY show you its trend.
Market Analysis: The S&P 500 (SPX) is currently exhibiting a Cup & Handle pattern, a classic technical analysis pattern often associated with potential bullish reversals. However, there are indications of a slowdown in the pattern formation, suggesting that the completion of the pattern may take some time. Key Observations: Bull Trap Warning: There is a...
Here is my latest structure analysis & important key levels to watch on EURUSD. Resistance 1: 1.0824 - 1.0848 area Resistance 2: 1.1016 - 1.1065 area Resistance 3: 1.1130 - 1.1150 area Support 1: 1.0729 - 1.0761 area Support 2: 1.0656 - 1.0670 area Support 3: 1.0495 - 1.0536 area Support 4: 1.0447 - 1.0468 area Consider these structures for pullback/breakout...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Lookin at USD, right now it is at a key level on h4 to break up higher,Either it gonna break that R and go higher, which i am slightly leaning towards this since the trend is still up on h4 and h1. But if it fail or false break higher, it would be turning lower. Do...
USDCAD closed, testing a solid horizontal daily supply zone. Analyzing a 4H time frame, I spotted a potential head and shoulders pattern on that. To short the pair with a confirmation next week, pay close attention to the neckline of the pattern. If the price breaks and closes below 1.3548, we can anticipate a bearish movement to 1.35 Alternatively, a...