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
The EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below...
The GBPUSD is presently experiencing an upward trend and displaying a double-top pattern along with bearish divergence, signalling a robust possibility of a reversal in the trend.
USD/CAD Daily Chart Outlook USD/CAD is consolidating and might aim for a move above the 1.3760 resistance zone. Important Takeaways for USD/CAD Analysis Today USD/CAD is showing positive signs above the 1.3660 support zone. There is a major bullish trend line forming with support at 1.3620 on the daily chart at FXOpen. USD/CAD Technical Analysis On...
After a nice bearish candle we should see price come down from the level
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
A #short trade opportunity recently presented itself on the #dollarswissy (#USDCHF) #trading chart 📉. This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 0.91593 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum should...
Preferred direction: SELL Comment: The long-awaited meeting of the Bank of Japan took place, at the moment it is best to focus on technical analysis. Previously, we published two scenarios where scenario №2 is already active. Everything is unchanged here and most likely near the level of 157 , we can expect a fall with a target at the level of 153.222...
AUDJPY is making Higher High and Higher Low. it may continue its bullish trend as per dow theory.
EURJPY still has the opportunity to grow, but now there is a chance to earn a short time by selling, We have these indicators for SELL opportunity: - Reflection from the top of the parallel channel (formed since 2022) - Low volume to continue the current direction - Resistance zone of last peaks (2007-2008) - Return/re-test to Year + 6M + 3M + 1M high We define...
NZDUSD is making double top after a bullish trend. now also creating a bearish divergence
A double top is a technical chart pattern that signals a potential reversal of an uptrend. It occurs when the price of an asset reaches a high point, retraces, then rallies back to a similar high before reversing downward. The pattern resembles the letter "M" and is formed by two consecutive peaks at approximately the same level, with a trough (the retracement)...
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.
AUDCHF in 1h timeframe chart has printed Rising Wedge Reversal Pattern with Bearish Divergence. If It break it's last higher low. I'll Sell (Stop) at 0.59245 and Stop Loss above at 0.59645.
The price is currently trading at resistance levels in all major time frames (4-hour, daily, weekly) Market sentiment is 90% short The divergence on the weekly chart gives us a better idea of the overall trend Stop loss 194.40, which is the fulcrum support for the daily time frame Profit level: 192.825 193.219 193.462 Good luck to you! !
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...
First step: Identify trend. Price is obviously in an uptrend locally. This can be seen by price making higher highs and higher lows every day. Step 2: Wait for the New York initial balance to form in order to make an educated discission. You can see the IB form, which is the A and B blocks. After the IB is formed CDE bocks formed a failed auction below the...
USDCAD is hovering here, waiting to see if there's a drop or a bounce, either way I expect it to come down to a previous low based on H4 S/R zones.