ClearTradingMind

ClearTradingMind

After a prolonged bearish trend, the US500 is now signaling a shift towards a slightly bullish direction on the 1-hour chart. At the start of April, the index began its decline from the 5277 level, eventually reaching as low as 4925. Following this significant downturn, there are now indications of a potential upward trend. The current conditions are favorable for...

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The EUR/NZD trend appears to be ranging between 1.81100 and 1.79800. Currently priced around 1.80400, I strongly believe that the price will once again reach the upper level of 1.81100. Buying at the current price and setting a target range around 1.80948 seems safe.

ClearTradingMind

GBP/CAD appears to be retracing from the 1.7030 level, and the trend seems to be entirely downward, suggesting further declines. Now is the perfect time to enter a sell position at 1.70688, targeting 1.69464, with a stop loss set above 1.71530.

ClearTradingMind Updated 

Last week, the AUD/CHF currency pair went down from 0.58300 to 0.57415, showing a bearish trend. On Friday, it dropped from 0.58600 to 0.57415 in just one day, which was a big change. But later that night, it went back up, which means buyers became stronger. This week, I think the pair won't keep going down like last Friday because buyers are showing strength. The...

ClearTradingMind

Journey with EUR/USD The EUR/USD pair boasts the largest global trading volume, making it the world’s most traded currency pair. It is highly liquid and predominantly appeals to technical traders due to its adherence to technical patterns and rules. The liquidity and steady momentum make it easier for traders to enter and exit positions. Breakouts EUR/USD...

ClearTradingMind Updated 

The GBP/CAD currency pair has formed a double top pattern at 1.72400, indicating a potential rejection of further upward movement. We expect the price to decline, with our first target level at 1.7021. If the decline continues, the next target level (target 2) is 1.70191. We have set the stop loss just above 1.71734.

ClearTradingMind Updated 

Crude oil prices are expected to decrease from the $86.00 range to a target of around $83.08. The trend was twice rejected at the upper level of $87.70, forming a double top pattern. This pattern is confirmed as the price broke the higher low of $84.50. Now, a retracement from the $86.00 level to the target level of $83.08 is expected. Targeting : 83.08 Stop loss...

ClearTradingMind Updated 

We're currently observing the GBP/AUD pair after a significant touch at the 1.94000 zone. The pair seems to be gearing up for a downward move. Here's a straightforward breakdown: Initial Downward Target (Target 1): Our first goal is to see if the pair can reach the 1.92778 level. This would be the first sign of a successful bearish push. Further Downside...

ClearTradingMind Updated 

The GBP/CAD exchange rate appears to have a bullish outlook and is likely to retrace from 1.7132 to 1.72100. Set a stop loss below 1.70852. The 2-hour timeframe chart also indicates a significant level of retracement.

ClearTradingMind

The chart indicates that the CAD/CHF currency pair may be heading for a retracement starting around the 0.6610 level. This area is significant because it coincides with the 0.5 Fibonacci level where previously we saw a sharp price increase, suggesting it's a strong order block level. The trend from 0.6463 to 0.6720 shows strong bullish momentum. Both the Fibonacci...

ClearTradingMind Updated 

The S&P 500 is anticipated to decline from 5,250 to 5,210 due to a breach in the 'CHOCH' market structure.

ClearTradingMind Updated 

The chart shows a downtrend with a strong initial movement, followed by a series of price fluctuations. After a downward sequence, the analysis suggests a potential upcoming bullish reversal, with key levels highlighted that could act as support zones for this change in direction.

ClearTradingMind Updated 

We're observing the USD/CAD pair with a keen eye on bearish patterns. The chart indicates a retracement with the Fibonacci levels highlighting a zone between 0.618 and 0.786 . This is a critical observation because the pair has recently taken a dip from the 1.3612 level, forming what's known as a 'double top'. The fall that followed this pattern seems quite...

ClearTradingMind

The USD/JPY chart shows that the price has been moving up and down between two key levels: it has tried twice to go above 152.00 but didn't stay there, and it has bounced back up after reaching 127.29 and 140.34. There's a triangle pattern on the chart, which usually means the price is getting ready to make a big move. This pattern is formed when the highs and...

ClearTradingMind

The AUD/JPY pair is exhibiting a bearish demeanor in the upcoming market cycle. A close examination of the chart reveals that the previous bullish trend was notably robust, ascending sharply to the 100.62 level. However, the ensuing bearish trend has unfolded in a less direct manner, adopting a zigzag pattern that incrementally steps downward. This pattern...

ClearTradingMind Updated 

Prevailing Trend: The EUR/USD showcases a strong downtrend , with lower highs and lower lows indicative of bearish momentum. Key Resistance: A recent resistance test near 1.09947 led to rejection, affirming the downtrend's strength. Support Levels to Watch: The immediate support is at 1.06976 , a potential target for continued bearish action. Potential...

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Bullish EUR/GBP amid UK labor softness & stable German inflation, eyeing UK GDP for further cues. 1. UK Labor Market Softens: The UK's ILO Unemployment Rate experienced a slight uptick to 3.9% in the three months to February, deviating from the previous 3.8% and falling short of expectations. This weakening in the labor market might dampen investor confidence...

ClearTradingMind

In the aftermath of pivotal meetings by the world's foremost central banks, the GBP/CHF pair presents a fascinating bearish opportunity, suggesting a potential downtrend from 1.1230 to 1.1200. This analysis explores the underpinnings of this outlook, considering the latest shifts in monetary policy and their ramifications. Key Points: 1. Mixed Signals for the...