USD/JPY is trading close to an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 144.896 Why we like it: There is an overlap support that aligns close to a confluence of Fibonacci levels i.e. the 50.0% retracement and the 61.8% projection Stop Loss: 144.269 Why we like it: There is an overlap support that...
– Previous Daily candle closed Bullish around 2029.000 forming Daily Support around 2024.300 within Daily recent range and leaving 110 pip Rejection wick to the downside. – Buys on close above 2036.000 targeting previous Daily Support formed on 4th January 2024 around 2041.400, Leaving Runners to the 4h Strong Resistance formed on 4th January aswell around...
– Previous Daily candle closed weak Bearish around 185.310 forming Daily Resistance around 185.710 leaving a Rejection wick to the upside. – Buys on close above 185.890 targeting 4h previous Support formed on 23rd November 2023 around 186.390, Leaving Runners to the previous Daily Support formed on 30th November 2023 around 186.850. – Sells on close below 185.030...
We've seen a nice pullback on NZD/USD into a prior volume cluster, false break of 0.62 with a doji and a bullish divergence with the RSI (2). Assuming US CPI doesn't surprise to the upside, this looks like a decent swing trade long setup. Although a risk-on vibe and broad USD weakness is required to make it work. Take note that 1-day implied volatility is 2.5x...
My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0948 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 - 1.1017 Recommended Stop Loss - 1.0913 About Used...
My dear friends, Please, find my technical outlook for QQQ below: The price is coiling around a solid key level - 396.75 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 405.80 About Used Indicators: The pivot point itself is simply...
My dear followers, This is my opinion on the NZDUSD next move: The asset is approaching an important pivot point 0.6223 Bias - Bullish Safe Stop Loss - 0.6190 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.6277 About Used Indicators: For more...
Hi Traders! There is a potential bearish pennant break on the AUDUSD. Here are the details: Price is currently on the 20 EMA, and with market swings with lower highs and lower lows, the price action suggests that this is a bearish setup. We are looking for the market to target the trendline support with a possibility of a break below to target levels near the...
January 11th DXY: (CPI y/y) 3.1-3.3% DXY bounce up, remain within the range 102 to 102.70 Below 3% DXY break 102, head to 101.45. NZDUSD: Retrace and reject resistance, Sell 0.6265 SL 20 TP 45 AUDUSD: Sell 0.6670 SL 20 TP 60 USDJPY: Sell 144.70 SL 25 TP 120 GBPUSD: Sell 1.2750 SL 20 TP 60 EURUSD: Sell 1.0970 SL 20 TP 40 USDCHF: Do nothing USDCAD: Look...
The Australian dollar’s rally has met its match around a key resistance area, which includes the January trendline and Q3 open price. A 2-bar reversal formed on Wednesday, following RSI reaching overbought the day prior. And as the US dollar has weakened on bets on Fed cuts ahead of a key PCE inflation report, I suspect there may be some disappointment and the...
EUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 159.950 Why we like it: There is a pullback resistance that aligns close to the 161.8% Fibonacci extension level Stop Loss: 160.595 Why we like it: There is a pullback resistance that sits above the 78.6% Fibonacci...
GBP/AUD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.89459 Why we like it: There is a pullback support that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 1.88988 Why we like it: There is a pullback support level Take Profit: 1.90679 Why we like it: There is...
– Previous Daily candle closed Bearish around 2024.200 forming Daily Resistance around 2030.100 as price rejects previous Daily Support formed on Thursday last week (04.01.2024). – Buys on close above 2030.100 targeting 4h Resistance around 2036.000, Leaving Runners to the previous Daily Support formed on 4th January 2024 around 2041.300. – Sells on close below...
– Previous Daily candle closed strong Bullish around 185.710 breaking out of the recent Daily Range. – Buys on close above 185.750 targeting 4h Resistance formed on 4th December 2023 around 186.150, Leaving Runners to the 1h Resistance formed on 1st December 2023 around 186.670. – Sells on close below 185.230 targeting 15min Support formed around 184.810, Leaving...
The weekly chart shows a bullish engulfing candle formed last week, which marks 140.25 as an important swing low. Whilst we remain unconvinced the pair will simply break above 152, it does show the potential to extend its countertrend bounce. However, with the pair stalling beneath last week’s high ahead of a key US inflation report, the potential for a pullback...
My dear followers, This is my opinion on the EURCHF next move: The asset is approaching an important pivot point 0.9324 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 - 0.9287 About Used Indicators: For more efficient signals,...
My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.0938 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0925 About Used Indicators: Super-trend indicator...
My dear followers, This is my opinion on the CADJPY next move: The asset is approaching an important pivot point 108.12 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 - 108.47 About Used Indicators: For more efficient signals,...