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Seems like the market has finished its retracement to continue its downtrend at .382 Fib level.

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Bullish candlestick reversal on down trend

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Sell

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Potential Head & Shoulders set up

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This is my first trade for this week, US Dollar is looking weak for today so thought i might take advantage. Target and stop loss is in the chart. Reason why i am taking this trade there is an inverted hammer candle stick on the daily chart. Good luck 1:3 ratio

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Reason for entry: Divergence on 1 hour chart, price testing gap and failing. 1:3 ratio

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Technical reasons for long position A) A bullish hammer has formed at the demand zone on the daily chart B) )Divergence on 4 hour chart at the supply zone on the the RSI and awesome indicator C) Price has closed above 14 SMA and 14 EMA on the 4 hour chart. Previous resistance levels at 0.382 and 0.5 Fibonacci levels at the daily chart. On Monday during the...

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We have a Bearish flag pattern on the hourly chart, On the weekly chart it looks like we could develop a bearish engulfing pattern. Wait for confirmation with the break of the flag before selling! Good luck.

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Divergence on 4 hour chart with ascending triangle formation underneath the supply zone, ill be placing my sell order once the ascending triangle breaks with alot of volume.

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This is my trade idea for next week (thought I might finish it early). By the end of this week it is likely you will see a three black crows candle stick pattern develop on the weekly chart which has a 78% chance to end to a bullish trend according to Thomas N. Bulkowski (thepatternsite.com) So how to trade this pattern? next week after the pattern has...

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Ideas are in the chart

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We could possibly have another rally which might develop a head and shoulders pattern. On the monthly chart we see a bearish flag pattern so long term short.

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reason to sell Divergence on daily and hourly Bearish inverted hammer candlestick on daily Targets on the chart good luck, use a stop loss that you are comfortable with.

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two recognizable patterns on the daily chart head & shoulders and inverted cup and handle.sell once prices break the previous support line at 0.71865 in the 4 hour chart. Both targets are there good luck.

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i think fundamentally between the two the US Dollar seems to be a more safe bet this week.

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Possible retracement at 0.786 fib level as we can see on the RSI 4 hour chart there is a bit of divergence. Long term bullish opinion.

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The US dollar has been bullish for the last 4 weeks, but could we see a retracement before further upward movement? On the daily/weekly chart we are about to hit a possible resistance level at 0.382 Fibonacci which is close to the counter trend line, and also on the daily chart the RSI seems close to overbought. Long term i still think we can ride the bull. Good luck

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NZD/USD has just closed below the 50% Fibonacci level on the 4 hour timeline. on the right chart you can see the US DOLLAR weekly time frame gaining momentum since the bullish inverted hammer candlestick 4 weeks ago.