On Wednesday, we saw the Fed's decision to leave interest rates unchanged until the end of 2023. This led to a low in price of the USD everywhere, but only within an hour. Then we see a rise again in USDCHF. We are currently in a downward movement of H1, as the resistance trend line has been broken. The levels before the start of Powell's press conference were...
We get a bullish doji and a bull candle at an important level of support structure. Price is heading towards out 1751 and 1759 zone. We see a clear trend reversal on the 4H TF and a larger bull trend on the Daily.
A Bearish-type BlackSwan pattern occured within the resistance zone of 84.90-85.10. (In this resistance zone , there was a rebound in 25 Feb 2021) Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 83.90-94.10. If it rises above the resistance zone 85.10, consider Long. *Harmonic patterns and support/resistance zones...
A Bullish-type Gartley appears near the support zone of 1.52-1.53, and a reversal is seen. If it exceeds Fibonacci 50% (1.5523), aim for Long. If it goes down without reversing, Bullish type patterns such as shark, Butterfly, and DeepCrab may be detected one after another, so be careful about long trades at that time. If it goes well below 1.52, which is below...
OK. My set up will be made up of two positions to reduce risk. 1. position 40% enter price 56.4 2. position 60% enter price 54.2 both positions : STOP LOSS set below FIBO ZONE 52.2 Price move too steep and moved away from the trend line so i expect to get closer. Trendline show us zone 54 RSI close to overbought zone plus declining buyng volume. Previous ATH...
4H charts shown us interesting zone 200. And we got two options how to chatch long trade. Number 1: Close 4H candle ABOVE 205 , then we enter long with SL at 194. Number 2: Price will go back bellow 200 and we enter trade at 195.1 ON TRENDLINE. FIBO 38.2 shows us support arround 188 so stop loss will be 187. Those conditions must maintain then the trend will...
A Bearish-type BlackSwan pattern occurred in the wide resistance zone. If it falls below BlackSwan's B point again, a small head and shoulder is completed on the daily chart. In that case, aim for Short. But note the resistance zone around fibonacci 38.2%. On the other hand, if it exceeds Black Swan's D point, Long is possible, but be careful because it is still...
Recently a resistance zone is transformed into a support and the price is rejecting this trend line perfectly. According to Fibonacci retracement expect the price to double! Good luck :)
Resistance retested 2 times, probable reversal when reaching the zone
A Bearish WhiteSwan pattern occured within the resistance zone of 1.265-1.293. And a Bearish type Bat pattern also occured on the weekly chart. If it exceeds the resistance zone, consider Long. However, since the Bearish Bat pattern also occurs on the weekly chart, be careful of the downward reversal after breaking through the zone. After confirming the repulsion...
A Bearish type BlackSwan pattern occured within the resistance zone of 0.794-0.809. (In this resistance zone , there were rebounds in May 1996-Mar 1997, Feb 2004, Nov 2004, Mar 2005, Jan 2007, Aug 2007, Jun 2009, May 2010, Jan 2015, May 2015, Jul-Sep 2017, Jan 2018) If it falls below BlackSwan's point C (0.75636), consider Short further. If it rises above...
We can notice very interesting point 92.5 On DXY number 92.5 was respected many times from both sides of zone and act as support/rezistance, even FIBO 61,8 level is in our side to bounce down and short with good 2.5 : 1 risk. :D RSI is also very close to overbought.
A Bearish type Shark pattern occurs on the monthly chart. Inversions in the resistance zone of 0.920-0.930 were seen several times on the daily chart. Consider short if it falls below 0.900.
A Bullish BlackSwan pattern occured within the resistance zone of 1.190-1.193. (In this resistance zone , there were multiple rebounds in Jul-Dec 2020) Long after seeing the rebound. If the downtrend continues, note the resistance zone of 1.175-1.178. *Harmonic patterns and support/resistance zones are automatically detected using the following tools. -...
eurcad is on important buy and sell zone but we recommend the buy option from 1.5045 to 1.5015
As we mentioned in yesterday's analysis, we saw an important day for the USD. After Jerome Powell's speech, the dollar rose everywhere. Did we expect it? See our latest analysis: AUDUSD EURGBP USDJPY Now the NFP data is coming! We expect to see a continuation of EURUSD to 1.1917! The resistance zone is 1.1996-1.2020. And the minimum stop is over...
Evaluate the situation carefully, never enter a position when the price rises impulsively. Possible in the flat channel. And the Trade can take place there. Only confirmation, only a permanent price fixation above the resistance level. On the Daily Timeframe, a "cup" pattern has been formed. Now they add a handle. And if there is a fix above the resistance zone,...
FX:EURNZD Previous Month : Bearish Previous Week : Bullish Previous Daily : Bullish - EURNZD as expected created a lower resistance below 6660 which pushed EIRNZD to create a new low at 6320 helped by Interest rate news and NZ economical optimism. The new low created triggered a hard pullback as it was Feb End and profit taking which currently pushed EURNZD...