FX:USDCAD touched the bottom of the ascending channel with the confluence of Weekly order block and multiple FVG. NFP was nicely used for the manipulation below PWL. Now can see displacement to the upside with H1 BPR. I believe next week will see a bullish expansion. In the COT we can see that longs are being added and shorts closed which are below the average...
My dear followers, This is my opinion on the EURUSD next move: The asset is approaching an important pivot point 1.0758 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 - 1.0709 About Used Indicators: For more efficient signals,...
My dear friends, My technical analysis for EURCAD is below: The market is trading on 1.4677 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4644 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
Hello wonderful friends! As can be seen on almost every timeframe EURUSD continues to show significant gains, with price gains surpassing the 1.0700 level as highlighted on the chart. At the same time a cup of handle is forming which increases the possibility of breaking the resistance and taking a distribution. In the current scenario and trend, the possibility...
Hello,Traders! USD-CAD is hovering above A strong horizontal support Of 1.3522 and we are Bullish biased so a Swing move up It to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The current buying zone for CAD/USD stands at 0.7310, indicating a favorable entry point for traders looking to purchase Canadian dollars with US dollars. This suggests that the Canadian dollar is valued at 0.7310 US dollars, presenting an opportunity for investors to enter the market at this level. As for potential gains, traders can set their take-profit levels...
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Hello,Traders! EUR-JPY retested the Rising support line and Is already making a Bullish rebound so As we are bullish biased We will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Nice place to short at the moment. See the price movement to come for the next few months. Keep on adding shorts on the pullbacks... and you will smile later on
Because the Bank of Japan intervened to weaken the yen. So we are waiting for today's NFP press release and prices are calm. The price is technically below the dynamic resistance level, but the average deviation is too large, so the price may retest the dynamic resistance level of 155.000 and start to fall along with the target level of 152.000. Sum up Entry =...
EURUSD has almost completed its AB=CD pattern. After formation of divergence a possible down move is expected.
Here is my analysis for AUDUSD 04/05/2024 This is what happened prior & what I think is going to happen next. My predictions are shown in this shot.
EUR/USD has revisited the recent consolidation high on Thursday, reclaiming territory north of the 1.0700 threshold as market risk appetite stabilizes ahead of another US Non-Farm Payrolls (NFP) report on Friday. Price action has been aligning with the 34 and 89 EMA as the market anticipates a direct catalyst that could decisively influence the trend...
Hello everyone! Today, GBPUSD attempted to recover after hitting a new several-month low below 1.2300 suggesting a very positive outlook. On impact news: GBP/USD is consolidating a recovery above 1.2500 in European trade on Thursday. The pair struggled, despite US Dollar weakness in response to dovish Fed signals. Mixed market mood limits GBP/USD gains ahead of...
AUDUSD Outlook Analysis Week - 6 May 2024 Daily - Range / Bullish Cloud (D) - Above Cloud Weekly - Range Cloud (W) - Within Cloud Mid Term - Range 20 x 50 D SMA - Below 50 x 200 D SMA - Above Notes: RBA Jan 24 - AUD FAIR VALUE ~ 0.6800 ______________________________ Trade Identification Area of Interest Buy @ 0.6500-0.6550 TP @ 0.6650-0.6750 SL @...
Before market closed, price left untapped bullish order block around the price of $1.25057 level and surged high all to the price of $1.26340 (high). Going to the new week, we looking forward to seeing how price gets to react at the $1.25057 level for possible bullish price continuation.
Hello,Traders! AUD-CAD made a strong Move up and the pair has Almost reached a horizontal Resistance of 0.9066 so As the pair is overbought We will be expecting A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!