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,...
My dear followers, I analysed this chart on GBPCHF and concluded the following: The market is trading on 1.0827 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0811 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price...
My dear subscribers, My technical analysis for GBPUSD is below: The price is coiling around a solid key level - 1.2735 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.2688 About Used Indicators: By the very nature of the...
January 10th DXY: Look out for reaction at 102.90, possible Inverted Head and Shoulder, breakout, could get to 103.50 NZDUSD: Sell 0.6215 SL 15 TP 30 AUDUSD: Sell 0.6670 SL 20 TP 60 USDJPY: Wait for retracement to complete, Buy 145 SL 35 TP 85 GBPUSD: Sell 1.2680 SL 20 TP 60 EURUSD: Channel, Buy 1.0940 SL 20 TP 45 USDCHF: Sell 0.8510 SL 25 TP 45 USDCAD:...
GBP/JPY has just reacted off a pullback resistance and could potentially drop lower towards our take profit target. Entry: 184.180 Why we like it: There is a pullback resistance level Stop Loss: 185.087 Why we like it: There is a pullback resistance level Take Profit: 181.874 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci...
The Pound (GBP/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.26570 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 1.26119 Why we like it: There is a pullback support that aligns close to the 78.6% Fibonacci...
– Previous Daily candle closed weak Bullish around 2030.000 forming weak Daily Support around 2027.900 as price still consolidating on the lower timeframe. – Buys on close above 2038.700 targeting Daily Resistance formed this Monday around 2045.900, Leaving Runners to the 4h previous Support formed on 25th December 2023 around 2053.000. – Sells on close below...
– Previous Daily candle closed weak Bearish around 183.560 forming weak Daily Resistance around 183.800. – Buys on close above 183.870 targeting 4h Resistance formed around 184.190, Leaving Runners to the previous 4h Support formed on 8th November 2023 around 184.630. – Sells on close below 183.250 targeting 4h Support formed around 182.930, Leaving Runners to the...
My dear followers, I analysed this chart on EURAUD and concluded the following: The market is trading on 1.6325 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.6253 Safe Stop Loss - 1.6363 About Used Indicators: A super-trend indicator is plotted on either above or...