The cloud is contracting and ready to flip into healthy cloud this means that sellers are getting exhausted while tenken sen is already above kijun sen and both are a bit pointing upward the end line point of kijun sen is a bit slighlty pointing upward while the price action wherein fact already showing a healthy bounce back to upward movement but give a bit...
AUDNZD is moving within the ascending channel after retesting the upper boundary. The chart formed a bullish flag pattern after reaching the support level. The price broke through the dynamic resistance, which now acts as support. We expect the growth to continue, but the price may retest the lower boundary of the channel first. ------------------- Share...
Bearish, re-tracement leg in progress. May generate more liquidity within range before tapping into zone for potential lower price. Patiently waiting for price to reach area before initiating sells. Safe and happy trading.
Precision Trading Unveiled: A Symphony of Smart Money, Fibonacci, Timeframes, FVGPS, and Displacement In sculpting my trading strategy, simplicity takes center stage as I navigate markets with naked charts, harnessing the power of Fibonacci levels across specific timeframes—most notably, the critical 1-hour, 4-hour, daily, and weekly charts. Diverging A...
Dear Colleagues, I suppose that the price has completed the correction and is now in an impulsive movement. Presumably in wave “3”, which means that the upward movement will continue. A small correction to the support area of 1.06595 is possible, then I expect the price in the resistance area of 1.07923. Manage your capital correctly and competently! Only enter...
EUR/USD traded tightly above 1.0700 at the beginning of the European trading session on Friday. The US dollar struggled to gather strength ahead of crucial Personal Consumption Expenditures (PCE) Index data, the Federal Reserve's preferred measure of inflation, helping the currency pair maintain its stance. The 4-hour chart indicates that the upward trend remains...
The USDRUB pair has bee trading within a Channel Up pattern for the past 5 months and yet again is testing the 1W MA50 (red trend-line). This is a highly important Support level as it has been tested 4 times in 2024 and held (even closed the 1W candles above it) on all occasions. Naturally, as long as it holds, we remain bullish targeting 96.8000 (1.236 Fibonacci...
Hello, guys. This is ESS team. We are cheering for your safe trading. So, Let's talk about "EURJPY". It is pleasure to RISING well. Of course, We prepare for the EURJPY's next movement. ::::::::::::::: Currently, It's RISING with middle line's support within the rising channel. If candle is resisted at the GREEN line, It could temporarily fall to the bottom...
NZDUSD is making double top after a bullish trend. now also creating a bearish divergence
Following strong downward pressure on GBP/USD as the UK's Office for National Statistics (ONS) said the UK labor market weakened significantly in March. UK labor market data suggests that uncertainty about the economic outlook will likely force BoE policymakers to start cutting interest rates sooner than previously expected. At the end of the week GBP/USD...
I am speculating NZD/USD to test the 200 moving average. Once There is additional confirmation from other pairs, DXY and signs of bearish reversal I may enter a short swing trade. Let me know if you have different ideas!
I think this will happen in the next few hours. Today. Based on experience from previous interventions, my opinion is based. If that doesn't happen today, then there really won't be an intervention. BOJ is targeting greater yen weakness. Thank you
Watch for CHOCH on 15m TF enter and ride the bullish train to the Poi for Friday
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in the risk mood after the previous flight to safety weighed on the US Dollar ahead of the weekend and helped the pair move higher. The driving force for recovery was the selling pressure on the USD when the DXY index dropped to 105.78. However, the bullish outlook for...
📌 GBP/USD has bounced back and is trading around 1.2470 after UK CPI data beat market expectations. 📌 Inflation in the UK has now fallen to 3.2% in March, lower than the previous month's 3.4% but higher than market expectations of 3.1%. After the CPI data was released, the British Pound regained its upward momentum as rising inflation may affect the BoE's plan to...
➡️GBP/USD is holding a range at around 1.24300 during the European session on Wednesday. A broadly bearish US dollar combined with risk-off sentiment in the market supported the pair, as traders awaited US Midsize Durable Goods data for further trading guidance. . ➡️The main trend of the GBPUSD market is still in the falling price range. The pair's resistance...
Looking at how the markets made its first movement lower I will be looking at trading the market like the following. Il be watching for lower time frame CHOCH so I can enter to ride the retracement back to the POI if all looks well il take the sell from the poi down to the lows
The market is clearly in a bearish trend. FX:EURAUD fell from the resistance zone and broke through the range zone as well. The price has been updating lower lows. Note that it broke the key level at 1.64000. And I think the market might form a small pullback and continue moving downward. As I always say, the consolidation/range zones act as support and...