Technically, the current market condition is bearish. The h4 timeframe is showing the current market structure being bearish by making lower highs and lower lows. The marked levels are a break of structure to the downside. And currently, an inside bar candlestick pattern has been printed on the chart, showing us the continuation of the bearish move to the demand...
In the short term, it might be interesting to follow the FX:AUDJPY pair on intraday charts. If we look at 1H time frame, the trend is bullish and should somehow manage to reach the area around 94. With this in mind, a "buy the dip" should be the correct interpretation. Trade with care! Like 🚀 if my analysis is useful. Cheers!
Hello dear trader or investor This chart about as100 So according to us nas100 may be make good fall so what’s you think about it?
In my opinion, JPYEUR appears to be showing signs of a potential reversal as it forms a falling wedge pattern on the 1-hour timeframe, with the current price finding support at a specific level. The falling wedge pattern typically indicates a bullish reversal, suggesting that the downward momentum may be weakening. Considering this pattern and support level,...
CADGBP, the Canadian Dollar against the British Pound, is showing indications of a potential reversal as it forms a triple bottom pattern on the 1-hour timeframe, finding support at a key level. This pattern suggests a potential shift from a downtrend to an uptrend. Traders observing this potential reversal might consider a take profit level at 0.5983, targeting...
CADAUD, the Canadian Dollar against the Australian Dollar, is showing signs of a potential reversal as it reaches the end of a falling wedge pattern at a key support level. This pattern typically indicates a potential trend reversal from a downtrend to an uptrend. Traders considering this potential reversal may set a take profit level at 1.1148, aiming for an...
There are signs of a potential reversal in the CHFEUR currency pair. With a take profit level set at 1.027, traders are anticipating a favorable price movement to reach this target. Meanwhile, a stop loss at 1.024 is placed to limit potential losses in case the reversal does not materialize as expected. It's important to consider that technical analysis provides...
There are indications of a potential reversal in the CHFAUD currency pair. The suggested stop loss is set at 1.626, which acts as a risk management tool to limit potential losses if the reversal doesn't materialize as anticipated. On the other hand, the take profit level is identified at 1.647, representing the desired price target. It's important to note that...
GBPUSD is showing a really good STRENGTH from last week, right now we are reaching OVERBOUGHT levels but DIRECTION on this trade is still LONG. #1 ENTRY (Risk Entry, Good Reward) -: Enter LONG only when price pullback to the BASELINE/Automated KEY ZONE. INVALIDATION Invalidation on this trade happens only when DXY SHORT play get invalidated (See the...
EURUSD showed some Sign of Strength last week and now we expect a continuation for the last IMPULSE leg. We expect EURUSD to pullback to 800ema and fake out a little bit and at this point we expect DXY to be hovering around BASELINE on its H4 (Check previous post) before we take our ENTRY on EU. #1 ENTRY (Risk Entry, Good Reward) -: Enter LONG when EU...
DXY is currently on a SHORT-TERM bearish trend and right, all scenarios point to BEARS at full strength. We expect the next impulse leg to happen around the Baseline when this criteria is met, we expect LONG opportunities on xxxUSD pairs. Do nothing until DXY is ready. INVALIDATION iF DXY manage to fix ABOVE the Previous Week High level, wait for a...
My thoughts on the EURJPY pair. let me know what you think. feel free to share your opinions moving into the new trading week
Hello. Ranging inside uptrend. Pay attention to the news. 🛒 GBPJPY - SHORT 🛒 📈 1h TimeFrame 📈 🚀🚀🚀🚀 🚀 Follow Me 🚀🚀🚀🚀 ✅ Random Win Idea ✅
We can see strong downtrend here, but price broke the trendline and created new support zone. It is possible to see new higher low formation followed with a bullish move.
Hello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd is currently approaching a quite obvious previous weekly support area at the $1.065 level which is acting as support again. You can also see that weekly moving averages and market structure is still bullish, EurUsd is also...
When all investors are sure that prices will continue to grow ( or decline) , It means reversal looms. The dollar is in the same situation . Everyone predicts inevitable weakness of dollar . They can offer many reasons and each of them look like a 100% signal . Something may change instantly . We are on the verge of this transformation. The long—term target for...
The NZD/USD pair initially reached a five-day high at 0.6111 before declining to around 0.6065. This movement was driven by strong labor market data from the US, which indicated robust employment growth and potentially prompted a reevaluation of additional rate hikes by the Federal Reserve (Fed). As a result, the US Dollar gained traction, supported by increasing...
CADCHF managed to break the downtrend line. Also, Regular Divergence(RD+) can be seen between two successive valleys. I expect CADCHF to grow to at least the 🔴resistance zone( 0.6808 CHF-0.67720 CHF)🔴 after the pullback to the downtrend line. 🔅Canadian Dollar/Swiss Franc Analyze (CADCHF), 8-hour time frame ⏰. Do not forget to put Stop loss for your positions...