USD/JPY is falling towards a potential breakout level and could drop lower towards our take-profit target. Entry: 150.781 Why we like it: There is a potential breakout level ( wait for the 1-hour candle to close below 150.781 for a breakout confirmation ) Stop Loss: 152.026 Why we like it: There is a pullback resistance that aligns with the 127.2% Fibonacci...
My dear subscribers, GBPCHF looks like it will make a good move, and here are the details: The market is trading on 1.1300 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.1272 About Used Indicators: The average true range ATR plays an important role in 'Supertrend'...
My dear subscribers, GOLD looks like it will make a good move, and here are the details: The market is trading on 2156.0 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2163.1 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as...
My dear friends, TESLA looks like it will make a good move, and here are the details: The market is trading on 163.56 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 180.44 Recommended Stop Loss - 154.73 About Used...
My dear subscribers, My technical analysis for EURCHF is below: The price is coiling around a solid key level - 0.9639 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.9650 About Used Indicators: By the very nature of the supertrend...
Yesterday, the Bank of Japan (BoJ) released its decision to end eight years of negative interest rates, adjusting the short-term policy rate to around 0.00% to 0.10%. Although an interest rate hike is supposed to lead to the currency strengthening, the Yen weakened following the release of the news, with the USDJPY climbing higher from 149.40 toward the...
The Aussie (AUD/USD) could rise towards a potential breakout level and climb higher from here should we see a hawkish monetary policy statement at 3:30 am GMT as well as a hawkish press conference by RBA Governor Michele Bullock at 4:30 am GMT. Buy entry is at 0.65826 which is a potential breakout level. Stop loss is at 0.65220 which is a level that lies...
EUR/JPY could fall towards a potential breakout level and drop lower from here should we see the BoJ finally raises interest rates today (19th March). Sell entry is at 161.877 which is a potential breakout level. Stop loss is at 162.800 which is a level that sits above an overlap resistance. Take profit is at 160.380 which is a pullback support that aligns...
– Tuesday Daily candle closed weak Bearish around 2157.600 as price rejects the previous Daily Low, I’ll be looking for potential Buys above 2163.000 targeting 4h Resistance around 2169.500 and next 4h Resistance around 2175.000, I’ll be looking for potential Sells below 2151.300 targeting 1h Strong Support around 2144.300 and 30min Previous Strong Resistance...
– Tuesday Daily candle close strong Bullish around 191.870 as price break above the previous Monthly High, I’ll be looking for potential Buys above 192.200 targeting previous Daily Support formed on 4th August 2015 around 193.000 and Monthly Resistance formed in August 2015 around 193.460, I’ll be looking for potential Sells below 191.500 targeting 1h previous...
My dear friends, Please, find my technical outlook for SPY below: The price is coiling around a solid key level - 509.75 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 512.59 About Used Indicators: The pivot point itself is simply...
My dear friends, Please, find my technical outlook for NATGAS below: The price is coiling around a solid key level - 1.665 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.762 Safe Stop Loss - 1.613 About Used Indicators: The pivot...
My dear friends, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8557 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8550 About Used Indicators: Pivot points are a...
March 19th DXY: Consolidate along 103.80, with continuation to upside to 104.30 NZDUSD: Buy 0.6065 SL 20 TP 60 (Counter Trend) AUDUSD: Sell 0.6535 SL 20 TP 55 USDJPY: Complete retracement, Break above resistance, Buy 150.95 SL 30 TP 90 GBPUSD: Sell 1.2685 SL 30 TP 80 EURUSD: Sell 1.0860 SL 20 TP 50 USDCHF: Buy 0.8905 SL 20 TP 55 USDCAD: Test and bounce off...
The Aussie (AUD/USD) has broken below the level of 0.65321 which has been identified as a pivot point. Could price potentially fall all the way down to the 1st support? Pivot: 0.65321 Support: 0.64803 Resistance: 0.65888 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
The Kiwi (NZD/USD) has broken below the level of 0.6072 which has been identified as a pivot point. Could price potentially fall all the way down to the 1st support? Pivot: 0.60720 Support: 0.60479 Resistance: 0.61000 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
Put USDCHF on the radar - while there are many different ways this could play out this week, here are 2 clear scenario's that are front of mind. Upside - the fed's 2024 dot moves higher in tomorrows FOMC meeting to show 2 cuts (from 3). We could also see the SNB cut rates - this is a non-consensus call with 4/24 economists calling for a 25bp cut (to 1.5%) and...
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.60745 which is a pullback support that aligns close to the 100.0% Fibonacci projection level. Stop loss is at 0.60280 which is a level that lies underneath a multi-swing-low support. Take profit is at 0.61364 which is an...