8 Major Currencies 01/11/2023
Class A LONG (The moving average difference hits a new high after divergence reversal, and the colors of the moving average slope and the moving average difference are green. ): AUD NZD
Class A SHORT (The moving average difference hits a new low after divergence reversal, and the colors of the moving average slope and the moving...
The price is in an ascending channel and After hitting the ceiling of the channel, lower price floors are being formed than before, that's why we can expect the downward trend to continue until the strongest support .
In higher time frames, the trend changes in the same way.
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A bearish-type big Cypher pattern occurred within the resistance zone of 1.4590-1.4770.
(In this resistance zone , there was a rebound in Oct 2020, Jul 2020, ...)
If the price rises to 1.4837, a bearish-type Shark pattern could occur.
Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 1.3870-1.4230.
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As you can see in the daily chart , the price was able to form an upward trend , and according to the range it is in now , if it succeeds in breaking it,
It is likely to move to the resistance shown by the blue line.
Thank you for your time.
A Bearish-type WhiteSwan pattern occurred near the resistance zone of 1.387-1.423.
(In this resistance zone , there was a rebound in Aug 2021, Jun 2020,...)
If the price rises to 1.417, a Bearish-type Butterfly pattern is likely to occur.
Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 1.279-1.297.
A Bearish-type big Shark pattern occurred.
Also on the daily chart, Bearish-type Shark pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Hello traders. This is the CHF/CAD monthly chart. I just want to show you a potential opportunity in which long-term traders can, perhaps, establish long-term short positions. As you can see in the chart, the pair has been on an upward trend since 2007 and we can draw an upward trend line connecting exactly three touches. But the price has broken the trend line...
As we can see, the pair broke from a minor descending channel on the 4 Hour time frame, technically indicators showing we can expect higher bullish continuation.
The next resistance level 1.3762 and 1.3893
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR...