Hi Traders! The Nonfarm Payroll (NFP) announcement came in at 205K, which was weaker than the expected number of 225K, and the markets have reacted quite strongly to the news. This could be a possible reversal of the bullish trend we have seen for the US dollar, and it will be very interesting to see what the Federal Reserve and other finance officials say about...
Hey Everyone, Another great trading day for us with our levels being respected and playing out as analysed. We finished off yesterday highlighting the rejection on the channel top and then possible support on the channel half line. This played out as expected with the half line providing the support for a nice bounce that allowed us to capture a clean 50...
Price broke bearish trendline and formed higher lows. It is consolidating now. It is possible to see bullish move (long term). What do you think ?
Hey Everyone, Our 4h chart idea is playing out as analysed. We got a nice push up with a test to the channel top, which was respected to the tee and followed with a perfect rejection. Our Goldturn channels are unique to us and no one in the industry uses them like us. We are now seeing price drop back into the channel half-line to look for support. If the...
Hi Traders! GBPUSD seems to be currently content trading in the 1.27000 area. The price action on the 4H chart indicates possible nervousness or uncertainty from traders. There was a recent failed breakout above the bull flag with a downward trend in recent trading volumes to confirm any lack of momentum in the markets, so we are not expecting any big market...
Hi viewers, EURCAD price on zone, in last periods strong bearish trend, currently expecting to se break and new bearish push TP1: 1.43400 (75) TP2: 1.43000 (115) TP3: 1.42600 (155)
Hey Everyone, We had a piptastic start to the week and month with our chart idea playing out perfectly. We got the rejection first at 1920 followed with the drop into the retracement range, as analysed. The retracement range gave the perfect bounce, as expected hitting bullish targets 1920, 1925 and 1931 for the perfect exit. We have a structure resistance left...
We can see series if lower highs and lower lows. Price is testing our bearish trendline and I expect to see bearish move.
Hi Traders! There is a descending triangle opportunity forming on the EURUSD 4H chart. The price action is showing lower highs and lower lows, which shows that the bears are currently driving the market to the downside. There is support at 1.08354; there was a previous double bottom at this level, so we are looking for a momentum break and a close below this...
Hi Traders! Forex Weekly Recap for 26–30 June, 2023: Fundamentals This week was light on the data side, but there were several announcements from central bank members and finance officials. Japan’s top currency diplomat, Kanda, commented on the recent Japanese yen depreciation and noted that they will respond to excessive FX moves. In fact, he added that it’s...
Hey Everyone, We finish off the week with all our targets hits. The swing range provided the swing we expected for a nice push up from 1895 to 1919 for a perfect finish. True level to level trading. We will now come back Sunday with our updated multi timeframe analysis and trading plans for the coming week BULLISH TARGETS 1925 - DONE 1931 - DONE EMA5 CROSS AND...
Hi Traders! Our bear flag opportunity from earlier today (LINK TO ORIGINAL IDEA BELOW) worked out perfectly and fulfilled our idea. There was a rally up to the channel resistance, then the bearish momentum came in, and we had a big swing to the downside to break and close below 1.26066. We expected minor support because the market was near the psychological...
Hey Everyone, Another awesome day of level to level trading on our chart idea. We had the retracement range break yesterday with cross and lock opening the swing range. Today we had the swing range challenge, which was respected perfectly with a perfect swing bounce from the level hitting both Goldturn level 1905 and 1912. We continued to buy dips using our...
Hi Traders! There is a support break opportunity here on the AUDUSD 4H chart. The price action shown on the 4H chart is very contrasting; here you can see two opposite types of channels that are almost identical to each other in terms of structure. First, there was an ascending channel showing a clear uptrend until a turning point where the bears took full...
Hi Traders! There is a bear flag opportunity here on the GBPUSD 1H chart. After the bear momentum swing down (flag pole), we are now in a consolidation period (flag channel), and in a consolidation period, the market decides to either continue the trend or reverse the trend. The price action on this setup suggests to us that the market wants to continue the...
Hey Everyone, As stated yesterday all targets on this chart are complete, however price will still respect the levels and they did, true level to level. Price continued to test the full retracement range structure and found support perfectly at 1905 Goldturn for the bounce into 1912 Goldturn, clean 70 pips, if buying dips. We can still continue to track and...
Price keeps breaking highs and forming new higher lows. Uptrend is strong and bulls are in the control. It is likely that this bullish moves will continue. I see potential bearish reaction to 146.000 zone 🔻
Hi Traders! The price action from our EURUSD ascending channel setup from earlier today (LINK BELOW TO ORIGINAL IDEA) played out exactly as we anticipated and hit our exact price target. There was brief resistance at the first vector level at 1.09483, and afterwards the market rallied to the upper vector level at 1.09766 and found resistance at that level. We...