We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDNZD chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
USDJPY Potential Sell Opportunity Technical Analysis USDJPY is currently trending upwards on the monthly chart, but price is nearing a significant monthly point of interest (order block) which could act as a strong resistance level. Fundamental Analysis Tomorrow's economic events carry significant potential to impact USDJPY: 1. Weakness in China's economic...
EURUSD: Close To a Strong Support Zone EURUSD is close to a strong support zone. Even though the ECB didn't cut the interest rates we saw EURUSD following the bearish scenario I explained earlier. The price broke out from the structure opening the door for more downside. However, we should be careful because EURUSD is already very close to a strong support...
USD/CHF is holding the level around 0.91450 price area as a small resistance level as we can see, the price has tried to break through a couple of times without success. Looking for buys if the price breaks and retests that area.
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once bounced up, but soon GBP turned around and made impulse down lower 1.2580 level, breaking it. After this movement, the price started to rise inside the upward channel,...
TECHNICAL ANALYSIS AND WAVE H4 broke sell structure and at at retest. anticipating price to move down weekly is also at a resistance level and expected to react confirming the sell
GBPUSD continues to move in the descending channel after rebounding from the support level. The chart formed a bullish takeover near the support level. The fall that occurred after the formation of two tops reached the level coinciding with the fibbonacci retracement level. We expect a rebound to the retracement level after retesting the nearest support...
Similar shapes for Cable as with EURUSD, reinforcing the possibility of short opportunity around purple zone. FX:GBPUSD FX:EURUSD
Hello,Friends! We are now examining the NZD/USD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.598 level. ✅LIKE AND COMMENT MY IDEAS✅
USD/JPY is sitting at multi-decade highs shy of 154.00 in the European session on Monday. The Japanese Yen continues to be undermined by the BoJ’s uncertain outlook about future rate hikes. Intervention fears and persistent geopolitical tensions could help limit losses for the safe-haven JPY. From a technical perspective, the post-US CPI breakout through a...
Dear Traders, I hope you all had a great weekend and are ready for the week ahead. Weekends are a great time to reset and focus, especially in trading where the constant changes in market prices can sometimes cloud our judgment. In my recent analysis, I reflected on a period of consecutive losses. However, it's important to remember that while we can't control...
FX:EURUSD - As the dollar continues it's surge, the Euro is naturally suffering. Bearish continuation could stem from purple box area, caution advised as this dollar surge can't go on forever, can it?
Trade Plan (Pending): I am selling GBP/USD at 1.2600 Although GBP/USD traded to the lowest level in 105 (trading) days yesterday buyers have emerged at 1.2427. This is the projected downside support for the AB leg in a daily Bat formation. A common retracement level for the BC leg is 38.2% of the last decline. This price point is located at 1.2605. Bespoke...
Good time traders, There is a good potential opportunity to buy Eurusd. I suggest: To buy at 1.060 1.06240 Stop loss :30 pip under the point you decide to enter after confirm. Target : 1.075 Second: 1.085 Third ; will be update. To trade you need confirmation. Do not forgot any analyze can be wrong. Why? Sometimes big boys decided to pass a target and it is all...
USDCAD has just formed a rising wedge plus there is a 90% bearish sentiment on the pair moreover a bearish divergence has emerged at hourly chart that indicates the upcoming bearish momentum on this instrument. Lets place your orders with extra care and with proper risk management and lets hope for Good. Thanks My Positions Sell Stop: 1.3677 Stop Loss...
Traders, In today's trading session, our focus is squarely on GBPUSD, where we're eyeing a potential selling opportunity around the 1.25100 zone. GBPUSD recently breached a significant support area and is currently in a correction phase, with the price approaching the retrace zone at 1.25100. Adding depth to our analysis, let's delve into the fundamental...