This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
This week on USDZAR bulls are having 70% chance of applying enough momentum for then to dominate the trend, since the sentiment have confirmed, we now gonna open pending buy stop orders on the c-re-rentry level as displayed on the chart.
USDJPY is trading in the ascending channel, making higher highs and higher closes.
The price broke out of the accumulation range and reached the channel boundary.
We expect a re-test of the support level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
An event to look out for today:
15:30 GMT+3. USD - Change in retail trade volume
GBPUSD:
The GBPUSD pair is strengthening on the back of a stable US Dollar (USD), trading near 1.2460 during Asian hours on Monday. The US Dollar (USD) remains below its highest level since November 2023, potentially limiting the GBP/USD pair's upward momentum.
The US Dollar...
Traders,
In today's trading session, our sights are set on USDJPY, where we anticipate a potential buying opportunity around the 153.500 zone. USDJPY remains entrenched in an uptrend, presently undergoing a correction phase as it nears the pivotal support and resistance area at 153.500.
Diving deeper into our analysis, let's explore the fundamental landscape...
Hello traders, GBP/USD has fallen massively post the US CPI data release last week. While I expected price to fall upto the 1.2520 zone, I did not expect the 1.12520 horizontal support
to break down.
Looking at the chart, we can plot a price channel and currently, the price seems to be at the lower trend line of the price channel. So, in my opinion, this is the...
With EUR/USD reaching its lowest point since November, let's delve into the driving forces behind this downturn, identify critical levels to monitor, and analyse the lower timeframe price action.
Factors Driving the Decline
There are three key factors currently driving EUR/USD lower:
1. Sticky US Inflation: The US dollar is strengthening across the board...
Please, check our technical outlook for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.890.
The above observations make me that the market will inevitably achieve 0.899 level.
P.S
We determine oversold/overbought condition with RSI...
EUR/USD dropped below 1.0700 following the subdued remarks from ECB policy maker Stournaras, putting pressure on the Euro. The divergent policy outlooks between the ECB and the Fed have increased the downside risks for this currency pair.
Looking at the chart, the price is still maintaining a downward trend. However, the Relative Strength Index (RSI) is currently...
As we mentioned before price now is touching our major resistance zone which is form here based on Fibonacci levels and we are looking for a heavy dump here and also we have an open high-risk short now with 1:4 RiskReward.
DISCLAIMER: ((trade based on your own decision))
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