The EURUSD is going up right now, but it looks like a dead cat bounce rally. It was a nice short-term bull market! We need to focus on the main direction of the trend, which is bearish.
I think EURUSD will go up to 1.06311, where there is an extremely strong resistance that should be a reversal point.
This is a once-in-a-lifetime chance to short EUR/USD!Follow...
Analysis of #USDJPY
Hi traders, today we will have a look at #USDJPY
The USDJPY is unwinding the move up from this year and we can expect the DXY to continue down, the game now is selling dollars before others lol.
I am now looking for as well 137.00 because we have trend line resistance lining up with previous structure support no becomes resistant level...
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Analysis of #USDCAD
Hi traders, today we will have a look at #USDCAD
The USDCAD formed a confirmed bearish head and shoulder pattern, for me this is a valid reversal head and shoulder pattern ;), since we have a confirmed break out of the neckline I am only looking for a sell entry now.
As you can see on my chart, i am looking to sell at the right shoulder...
USDCAD is falling after the dollar index. I marked on the chart the important level of 1.35029, in comparison with which the price makes a false-break and forms the pattern "Head & Shoulders".
The upward price channel can be broken, but only if the price breaks the support of the "H&S" pattern or the support of the price channel. The key level is 1.33874, against...
NZDCAD / 1D
Hello trdaers, welcome back to another market brekdown.
NZDCAD has been trading in a down trend. However, the price has broken strongly above the trend line suggesting higher prices to see.
Checkout out the chart for what I'm waiting for before jumping with FOMO.
Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.
Today, I want to talk to you about the EUR/USD chart.
On the chart, we can see how the price formed an upward channel and is now trading near the resistance line.
I think price can rise...
FUNDAMENTAL OUTLOOK: WEAK BEARISH
A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. At their NOV policy decision, the BoE’s updated projections showed a deeper and longer recession than previously thought, as well as a stern push back against current market pricing for the high...
Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
Contrarily to EUR/USD, the USD/JPY is inside a strong bearish rally where the price in the last sessions dropped very strongly without any pattern of accumulation or retracement. Our forecast is about a continuation of this tendency. The release of the US news today will be crucial to the realization of our Idea because in today's European session, attention will...
USDJPY is in a downtrend. at the resistance level 135.46, if the price fails to break through I expect the price to test the key support zone 131.20.
I expect a short-term rebound. Wait to buy the red zone, target 135.46 >> GooD Luck 😊
In my analysis from 3 days ago, I said that my target for this rise in GbpUsd's case remains at 1.22.
Once more, GBP doesn't deny its nature and spiked above this important zone...
From a technical point of view, 1.2250-1.2300 should provide strong resistance and NFP data today could be the trigger for a drop.
Negation for this bearish scenario comes with a daily...
Contrary to the USD/JPY forecast, the EUR/USD is a pair negatively correlated with the USD, today may take advantage of the USD and make a new Bullish impulse if the already talked Economic news on my USD/JPY analysis will be bad for the USD. Our Idea is strongly positive for the EUR/USD and all the correlated pairs, the last words will come from the market after...
Analysis of #AUDUSD
Hi traders, today we will have a look at #AUDUSD
The AUDUSD is similar o my previous idea on EURUSD a straightforward traditional triangle pattern with confirmation, as we have broken the trendline resistance and now started to move back down.
you can drop a one-time frame and look for a reversal pattern at resistance to see if other...
AUDCHF is in sideways movement on the 4H timeframe, indicating a consolidating market.
The market broke out of the ascending channel at the support level .
Price bounced off the lower border of the channel, which acts as resistance.
We might see some sharp bearish moves.
Share your opinion in the comments and support the idea with like....
Hello my friends, today I want to talk to you about GBP/USD.
We see how the price exit from consolidation.
The price is now trading above the support level, but can go down and back to consolidation by making a fake breakout.
I expect the price can back to consolidation and drop to support level 1.1925.
Therefore, I see our goal at this support level.