EURCAD long triggered off the 4H dz I went long on EURCAD off this 4H demand zone 1/3 rr as usual for swing trade OR W supply can be targeted
I thing we will fall to the buy zone during Asia. Enter just after rejection on 15M chart. Wish you good luck.
On the 4 hour chart we have a shift of market structure from bullish to bearish. As we await the release of NFP data, my view is a bearish continuation irrespective of the magnitude of NFP data.
EURUSD may retrace from a wide intraday horizontal resistance cluster. I already see some sings of weakness of sellers: double top formation on an hourly time frame and multiple rejections. I think that the pair may reach 1.0705 level today. ❤️Please, support my work with like, thank you!❤️
After several weeks of decline, the euro is gradually gaining strength and increasing, so for the first purchase, you can use this analysis with 2 targets.
On Monday 29/04/2024 the Bank of Japan intervened against the Yen decline. At the writing of this idea price are calm since we are awaiting the NFP news release today. Technically price is below the dynamic resistance on the four chart, however the mean deviation is too great therefore price are likely to retest the dynamic resistance at 155.000 and start...
Dollar could hold its strenght through the coming day as rates remained unchanged and the risk environment havent improved that much.
My dear friends, GBPNZD looks like it will make a good move, and here are the details: The market is trading on 2.1090 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 2.1018 Recommended Stop Loss - 2.1138 About Used...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
USDJPY looks quite oversold after a test of an intraday horizontal support. After a false violation of the underlined structure, the price started to grow and broke a resistance line of a falling wedge pattern. We may expect a pullback today, at least to 153.7 level ❤️Please, support my work with like, thank you!❤️
The analysis of the GBPUSD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️
Economic events: USA - Average Hourly Earnings (MoM) (Apr) USA - Nonfarm Payrolls (Apr) USA - Unemployment Rate (Apr) USA - S&P Global Services PMI (Apr) USA - ISM Non-Manufacturing PMI (Apr) USA - ISM Non-Manufacturing Prices (Apr) On Thursday, the S&P 500 concluded the trading session with a favorable uptick, notably buoyed by the tech sector's robust...
Preferred direction: SELL Comment: Previous trading ideas for this currency pair worked perfectly, and, as expected, the resistance level of 1.64767 has stopped buyers. At the moment, the probability of resuming the downward movement is high. An increase towards 1.65500 is not excluded within the framework of scenario №2 . However, the more likely ...
Market Analysis: NZD/USD Attempt Another Recovery NZD/USD is also rising and could extend its increase above the 0.6000 resistance zone. Important Takeaways for NZD/USD Analysis Today NZD/USD is showing positive signs above the 0.5925 support. There is a key bullish trend line forming with support at 0.5940 on the hourly chart of NZD/USD at FXOpen. ...
A bearish channel is evident on the daily chart. There's a clear zone marked on the daily chart. Additionally, a short-term bullish channel is noticeable on the daily chart. Upon examining the 1-hour chart, we identify another broken zone, indicating a potential entry point for the trade
According to the view given by the price and the price patterns of the dollars, we are going to see a nice drop on the euro chart with the NFP news.
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...