Forex Market

EURGBP / H1 / Technical Chart Wait for break and close below the suport channel Wsih you many pipis

EURCAD / H1 / Technical Chart Good Morning FxCanli Family ! Today I have an analysis at EURCAD as you see on the chart, price is inside of the correction zone at this chart, I have 2 plan to trade 1) Yellow ( SELL STOP ), I will open the sell trade, if it will break and close below the support channel 2) Blue ( BUY STOP) , I will open buy trade, if it will...

Potential swing (Long/Short) on 1H chart.

A unified gartley completed. good luck.

EURUSD has purple support zone on weekly chart. It could retest the purple resistance zone on daily chart later ( few weeks to take ). LESS IS MORE!

The technical picture has clearly deteriorated and if one buys into the thesis that we are in a 1.3225–30–1.32 range box, the recent trajectory in the pair still suggests another 50 odd pips of downside potential for the pair. The dominant buy-side flows on the Canadian Dollar are conditioned to further weakness in the DXY with Oil being more of a safe bet as even...

GBPAUD did not break down through the blue support line which is why we closed our all short trades on this pair manually after TP1 HIT. The support line could send it up for 700 pips totally. Now maybe 500 pips left. Follow it with a wide SL or wait for a smaller one, up to u! LESS IS MORE!

On weekly chart, we still insist that NZDCAD is bearish. On daily chart, it could be rejected by the purple resistance zone. Price could move down south again. This is not a trading signal confirmed chart. Less is more!

The absence of liquidity in financial markets during Monday is well expressed through the pair’s narrow 35p range. The most traded pair in the forex universe has validated the first up-cycle structure for weeks, even if from a 4h chart and above, it would still warrant caution as the structure is still a wide a 1 cent range between 1.1340–50 down to 1.1250 with...

I am going to reiterate what I wrote yesterday. This is the market with the clearest buy-side bias out of the majors analyzed, only challenged by the downside potential available in USD/CAD. The technicals are looking bright from a cycle’s standpoint, with higher highs and higher lows achieved since last Friday. The slow stoch has now come into oversold...

Whenever equities surge the way they did last Friday, under the current market regime, that’s always going to create a supply imbalance detrimental to the JPY. That’s precisely the reason why even if the DXY and the US long-dated yields keep dropping, the pair could find a floor around 110.25–30.I’d argue that as long as the weakening trends in DXY + US30Y stay...

The British Pound held its ground against the Dollar on Tuesday morning with prices trading towards 1.2920 as of writing. Bulls seem to be making a return on the 4-hour time frame with minor support found at 1.2900. With the previous bearish channel broken and prices trading within a 40 pip range, the near term outlook points to further upside. An intraday...

EURAUD did not make our expectation come real. It looks like getting support on the support line and ready to move up on daily chart. The uptrend potential wedge has not finished yet. Currencies in EURO region are stronger than currencies in Asia now. I mean rising pace is faster. aDS LESS IS MORE!

AUDUSD is approaching its support at 0.7114 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7166 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic (55, 5, 3) is approaching its support at 1.2% where a corresponding bounce could occur.

AUD/USD: In the early hours of Tuesday’s segment, the Reserve Bank of Australia (RBA) in its February meeting minutes announced members agreed there was not a strong case for a near-term adjustment in monetary policy. This sent the AUD/USD lower, setting the intraday tone for Asia. It was not until US traders opened their doors for business did the market observe...

EURAUD is approaching its resistance at 1.5925 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it ,ay reverse down to its support at 1.5856 (61.8% Fibonacci retracement) Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal may occur.

a potential unified gartley is setting up

This one made a big rally the past weeks, even getting above that green zone on the left without hesitation. Now it has some resistance from that channel, but because the move up was so strong, it is becoming more likely that it will break sooner or later. Normally we should see it make a healthy correction first the coming week or so. On the right we can see a...