dollars

hey traders, those who missed short from higher structure levels on GBPUSD still, have an opportunity to catch a selling wave. on 1H chart we see a formation of a head and shoulders pattern, and the market has already broken below the neckline. taking into account high accuracy of this pattern, I expect to...

USDJPY is currently trading within important zone of demand. Conjunction of a horizontal structure and rising trendline may provoke a buying reaction. I am looking for a signal on 1H chart to buy the pair. *if the market goes below the identified zone setup will be invalid!

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.112. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1155. TP4: R2=1.1175. Set the stoploss of these orders at breakout of S2=1.1105. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.986. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.991. TP4: R2=0.9925. Set the stoploss of these orders at breakout of S2=0.984. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

hey traders, rising wedge formation on GBPUSD . though the pair has broken below the support line of the wedge , I am paying close attention to 1.296 support of a narrow horizontal trading range. I will sell the pair in case of bearish breakout of the range. Target levels will be: 1.29 1.28

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6350). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.109. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.114. TP4: R2=1.116. Set the stoploss of these orders at breakout of S2=1.108. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1055. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1105. TP4: R2=1.113. Set the stoploss of these orders at breakout of S2=1.104. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

hey traders, from august usdjpy is very bullish and last Friday pair has reached important decision zone. 109.0 structure level is significant for the market participants. analysing the historical perspective we will immediately notice that this level was respected by the market many times in the past and each and every...

very peculiar trading setup on USDCAD. on 4H the market has recently touched a falling resistance of a descending triangle and we see a row of multiple rejections. on 1H we see a double top formation and for confirmation, we only need to wait for a bearish violation of minor support beneath it to short the pair. T1 -...

hey traders, on USDCAD there is a high chance to see a bearish continuation after a pullback from 1.318 level. the price has recently reached 1.324 level - significant level of resistance. and we see a dodji formation and clear rejection. target levels are: T1 - 1.3205 T2 - 1.3180 Stop - 1.325

hey traders, after a very good long trade that we have taken this week, it is time to adjust our trading plan. Next week I will be paying close attention to a rising wedge pattern that can be easily identified on 1h and 4h charts. On Friday the market has closed approaching a support line of the wedge . Most likely buyers...

hey traders, usdjpy has recently broken below a key support level on 4H, quite quickly though the market has returned within the boundaries of a wide trading range 107.4 - 108.4 simultaneously braking the falling parallel channel . now the lower boundary of the range will be again significant support for the buyers, so I...

USDCAD remains bearish . You can see that the market one more time has respected a falling resistance of the channel. Our bias is bearish and our next mid-term target is 1.3 structure support level. Strong selloff that we saw on Friday will most likely trigger more selling volumes and after a small pullback, selling...

Dollar index keeps falling. Selling pressure is accumulating and for the last two weeks, we haven't seen any pullback. The market is coming closer and closer to a support line of a major rising channel . I think that bears will keep pushing the market to 96.5 level and only from the identified zone we will see a...

descending triangle formation on AUDJPY. Pay attention to a horizontal support of a triangle! Bearish breakout of support is a signal to short the pair. We don't know how long the pair will be trading within the triangle, but when it breaks, set your stop above the last lower high! target levels will be: 72.6 72.0 *if...

Momentum is slowing down on AUDUSD as well. After a strong bullish impulse, we see that the market is trading within a narrow rising channel . In case of bearish breakout we can short the pair. Target levels will be 0.682 0.68 Stop will be above the highest point of the channel.

USDCHF is in an attempt to break a key level of support 0.99. If daily candle closes below this level, We will see a bearish continuation to lower levels of structure. 0.985 0.980 0.975 Stop 1.001