Alright, traders, here's the scoop on EUR/USD – we’re looking bearish, and here's why: Central Banks are Playing a Tug of War: The ECB’s got scissors out, looking to snip rates soon, given the Eurozone’s soft economy. Meanwhile, the Fed’s holding firm, inflation's stickier than an old piece of gum on your shoe, and that's putting rate cuts on the back burner,...
EUR/USD is flat at around 1.0650 to start the new week. The pair's short-term technical outlook suggests a lack of directional momentum. In the absence of high-level data released, risk sentiment could weigh on US Dollar (USD) valuations and drive the pair's action. Early Monday, U.S. stock index futures rose between 0.3% and 0.5%, reflecting improved risk...
We have these indicators for SELL opportunity: - Low volume to continue the current direction - Reflection from the Inner trend line - Return/re-test to Year + 6M + 3M area (min. for TP1) - Stong support line – zone with ATH We define 3 goals: TP 1 = 80 pips TP 2 = 200 pips TP 3 = 400 pips * * * There could be one more opportunity for scalping in a top of...
AUD CAD PRICE - DOWN FALL TO SUPPORT ZONE TO FILL LIQUIDITY, here we can see that price formed consolidation got a breakout to support zone after that price formed a uptrend line, need to wait for a breakout of up trend line, if the break out happpen make a short entry to support zone as shown in the picture, follow for more live updates...
Well after all fun this pair has been stuck here but we put this trade out last week and there is another go right now... if the entry fails by 15 pips it may be rejected.
I want to see a break and close below the recent support to confirm price is set for a downturn considering the bearish chart pattern with potential targets. Watching closely.
GBP/JPY has not been seen at this level since 2008 & 2015. With the fundamentals of the Japanese Yen being challenged by rising rates and a overall weaker outlook, can we expect this to be a recipe for GBP/JPY to stay at the 190 level? What about the 200 level? The following news may have some impact on our expectations. Tuesday, April 23rd (all times are...
22-April-2024 | Live Market Analysis AUDUSD #FOREX Disclaimer: This analysis is for educational purposes only and should not be considered as trading advice or recommendations. Always conduct your own research before making any investment decisions.
AUDCHF's recent trend exhibits bullish behavior with prices achieving higher highs above the R1 monthly pivot, suggesting strength. However, beneath the surface, signs of caution emerge. The Commodity Channel Index (CCI) displays lower highs, creating a bearish divergence against the price's higher highs. This divergence hints at weakening upward momentum,...
Massive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the...
USD/CAD has a low rsi right now and we seen some rejection off support I believe this will make a bullish play but what do you guys think?
USDCAD - Trend Reversal - Forecasting Price 1.36080. Indication of trend reversal and start of bearish trend forming Head and Shoulder pattern with bearish divergence.
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block. Like, comment and subscribe to be in touch with my content!
Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I expect for now bearish price action after price filled the imbalance and rejected from bearish order block + institutional big figure 170.000. Fundamental news: This week on Friday (GMT +3) will be released...
On the #USDCAD currency pair, it is expected that the price trend will be bearish in the short term, depending on the technical outlook of the market.
The current price for GBPMYR is British pound and Malaysian Ringgit RM5.8511 per 1 British pound as of 8th December 2023. There is only 23 days left in 2023 and the Pound will most likely fall to RM5.6946 level or near this level since the UK CPI reading in 2022 high at 11% has drop to 4.6% last month. The BOE has a hawkish pause in their last meeting, suggesting...
d1: into strong supply zone, then it made a bearish engulfing h1: it's retest the ob d1 and ob h1 then 1-2-3 down wave is created with 2 high volume bearish engulfing. Because it's a short and i have buy limit gu then i open a short usdcad by market price
i don't talk more about big picture because this is addition position add more position because h1 create 1 pinbar and one bearish engulfing after retest h1 key level it also touch opening price then fall down. so all more short position