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...
hello freinds this chart we shows that this market willknow a down trend on next weeks if you want more informations please show the chart good luck
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...
The yen has appreciated recently after the Bank of Japan intervened in the currency market. This is a significant development with potential implications for the foreign exchange market. Considering Going Long on JPY? A stronger yen could be an attractive opportunity for traders looking to go long on the currency. However, it's important to conduct thorough...
Hi Traders, it's good time buy EURUSD. Have good statement. Get Lucky β₯
Simple trading: M - Pattern "Double top" We look to sell gold for a correction. Gold is respecting the trend, but if the price fails to break above 2265, it could see a possible downside after its massive bullish impulse. When U.S. bond yields rise: - Gold prices might decrease as investors find bonds more attractive due to higher returns.
The EURUSD pair quickly hit our 1.07250 Target, which we set on our most recent sell signal (March 27, see chart below): Moving out to the 1D time-frame we can see that this is the Bearish Leg of the long-term Channel Down pattern that started at the beginning of the year and we are only halfway through it. Also the pair just completed the first Death Cross...
In Q1, two central banks that have previously used negative interest rates made surprising decisions. The Bank of Japan exited negative rates, while the Swiss National Bank (SNB) unexpectedly cut their benchmark interest rate. The SNB may continue to ease further due to low inflation forecasts and weak growth. In contrast, the Fed wants more confidence in...
AUDUSD is marginally bearish on its 1D technical outlook (RSI = 40.176, MACD = -0.001, ADX = 34.265) as it entered a Channel Down similar to those of August - October 2023 and April - May 2023. That is why we are expecting a bullish reveral the closer we get to the 1.236 Fibonacci extension. As long as the 1D RSI doesn't break into the oversold zone (<30.000), we...
Hello traders, Bitcoin is moving inside the 60k- 74k range making a complex ABC correction. We are currently in wave B and expecting it to finish above the recent all-time highs and at the -1 Fibonacci level. Short Entry: - Watch the rejection at -1 fib level - Entry at breakout of ascending trendline - Stoploss: Above the highs after entry - Target:...
The US DOLLAR aka The Honey Badger is trying to say no to the Artificial Intelligence craze. A breakout of this resistance will send tech stocks to October 2023 lows, at the very least.
Price action analysis for Dollar Index. Important key levels. Potential scenarios. Trading plan. β€οΈPlease, support this video with like and comment!β€οΈ
As We Talked in The Previous Analysis: The US Dollar Index Reached a Support Level. The Resistance Line is Broken! Currently, The Market Broke The Resistance Level, This Key Level Becomes a New Support Level. So I Expect a Bullish Move π TARGET: 104.810π―
Gold is currently moving in a descending triangle. Key support: 2144 - 2149 Key resistance: 2158 - 2163 Gold is waiting for interest rates to come in and provide a 200-400 pip fluctuation! π° Fundamental analysis: Numbers above the expected limit of inflation in the United States last week confirmed that price pressures persist and the final stage of...
Layers 2160.5 - 2158 Sl @ 2154 1st tp @ 2165 2nd tp @ 2170 3rd tp @ 2180