EURUSD have been trading within a multi sessions bullish channel with new tops and lows, so far price is testing broken highs where I see scope for another high.
We have an important news to be released today FOMC meeting minutes, which will definitely impact EURUSD.
Looking at the short term momentum which is well lined up so I'll be looking to get...
Time frame: 4 hours
Trade idea description:
Crude Oil have been trading in a multi-days expanding channel, so far it is just few points away testing the top of this channel.
Over all trend is bearish and market is in a corrective structure, momentum on higher time frames is bearish as well, so keeping bigger picture in mind, i am waiting for this...
USDCAD broke out the multi sessions uptrend line, current price actions seems like to be retesting the broken trend line where I am expecting fresh falls to be coming in, or an alternate scenario could be to trade with a sell stop order once it breaks the area i marked on the chart.
EURUSD Price action have been quite choppier from over past few days.
There are possible 2 scenarios that I am looking right now.
Scenario 1: As 4 hour chart shows Bullish MACD convergence so it is possible that market may break up straight away and test 1.1459 area.
Scenario 2: Since momentum on higher time frames is still quite bearish so might be possible...
EURUSD is showing a strong convergence signs on 4 hour time frame, same scenario at hourly chart as well, i am looking for a strong breakout of the down trend line here to trigger my longs.
SPX500 have been trading within a compressing bullish channel and almost reached the top of this channel. So far on the higher time frames Price is showing divergence signs, volume getting squeezed along with momentum weakness.
Pretty good evidence here so I am looking to short this market once it tests the top. Keep watching this market yourself as well.
EURUSD have been trending down over the past few days - so far this session it fell quite sharply but I see Price is converging on the hourly chart with my RSI indicator, I am looking to buy it for short term.
EURAUD is testing short term resistance area where I see the scope for a reversal - since momentum on bigger picture is quite weaker and price action itself struggling here, i have shorted few units here so keep watching this market yourself as well.
SP500 have been trading with in a multi sessions bullish channel with price action just making marginal highs, current price action approaching almost the top of the resistance channel where I am seeing fresh falls taking place.
Higher time frames picture is still bearish with momentum on all across the bigger picture still bearish. Keep an eye on this market...
EURUSD have been trading with in a multi days compressing bearish channel - price action is quite choppy over the past few weeks on this market.
Looking at the USD Currency Index (DXY), it made a lower high and very much likely to be making a new low over the coming days so with that idea I am expecting that EURUSD is likely to be pushing up.
At the moment...
EURUSD broke out the uptrend line support yesterday, for now I am expecting that this market is likely to be revisiting the broken trend line, where I am looking fresh falls to be setting up. Momentum on all across the board is quite weaker so I am looking for shorts here.
USDJPY testing the key areas with price action struggling getting up, however momentum getting weaker across the short term time frames as well, i am expecting that this market may likely fell from here, so keep an eye for a possible short trade.
EURUSD broke yesterday's lows but couldn't sustain the bearish move. Price is almost trying to break the short term trend line, if it does, i am expecting the market to test the prior highs at 1.1420 area.
EURAUD have been falling quite sharply over the past few days, for now this market is testing the top of the trend line where I can see the scope for possible resumption in the bearish trend.
I am waiting for the market to consolidate here and once it breaks below the consolidation phase, i will be triggering my shorts. Keep watching this market for a possible...
EURUSD is testing the base of the multi-sessions bearish channel, overall momentum on higher time frames is shifting so i am expecting that this market is likely to be testing the prior highs around 1.1600 and above.
Current area looks good to go for buys or you can wait for 61.8% fib area for buys.
EURGBP price action is getting narrowed around a key area - momentum on all across the board is weakening, i am expecting this market to be testing the uptrend line over the coming sessions, keep watching this market for a short trade.