Using recent volatility as an entry into this trade. Going long CADCHF. We’re range bound in a descending channel at the moment. I expect this pair to run out to 0.715 (0.5 fib) before heading back down. All things being equal this has a very good RR at around 8:1 Check out my profile and give me a follow if you agree and like the analysis. Thanks.
Struggling to see a bullish argument here. I am going short targeting 0.857. Things appear to be range bound for now. Tight SL & around a 7:1 RR in this trade. Check out my profile to find exact trade info.
AUD/USD price rebounded on the resistance level of 0.69400 and today the release of the USD Consumer Price Index may push the price around the 50% Fibo Retracement. We are Looking for a Short setup in this scenario.
Today at 13:30 GMT the US Bureau of Labor Statistics will release the Consumer Price Index (CPI) figures for December and as we get closer to the release time, the forecasts by the economists and researchers of the major banks regarding the upcoming US inflation they show a decline to 6.5% from 7.1% in November and see the Core CPI, which excludes volatile food...
GBP/USD The price is still inside a strong resistance area where today the US CPI news may clarify the next movement for this pair. The resistance area coincides with the Fibonacci levels of attention where a possible reversal can come today like a Double Top meanwhile the stochastic shows an Overbought scenario with divergence. Our Idea is about a stop and...
Waiting for confirmation. Do not enter on my analysis yet. Looking for a break up towards 1.82 again. I think there is still some downside pressure on this pair though, and it could slip down to around 1.75 before bouncing. Seeing an ascending triangle forming currently. Let’s watch for an entry later this week or next.
Sent this out on Monday as a trade idea. Easy 75bps. Still scope to re-enter for the extension up to 145 but seeing some resistance around the recent high. Have closed this trade now. Follow me for trade ideas like this & notice if I decide to open again for the extension
GOLD reaches the 127.2% Fibonacci Extension from the last AB=CD Swing pattern and the price could have a reversal for a retracement. Both Stochastic and MACD show divergence and also this can be a clue for a bearish scenario.
NZD/USD: The price doesn't go over the resistance at 0.6400 in confluence with the dynamic resistance of the channel and the 61.8% Fibonacci level. The Stochastic is in the overbought area and our Analysis shows a bearish impulse to the 0.6287 level.
The optimism around the European currency remains well and sound and prompts EUR/USD to keep the trade in the upper end of the recent range near 1.0760 midweek. Today the EUR/USD is up for the fourth consecutive session, although further upside now appears somewhat contained amidst persistent prudence among traders in light of Thursday’s release of US inflation...
USD/JPY is still in a consolidation area. The technical analysis shows in the last sessions the price reach the bottom around 129.500 Lower-low then a bullish impulse pushed the price to the creation of a new Higher-high at 134.800 where from 6 January the price made a retracement on the 61.8% Fibonacci level, exactly where we are now. Based on our analysis, the...
GOLD in Overbought Area with Divergence sees the price inside a rectangle where a possible breakout will let fall the price in the area 1864 - 1854.000. We are Looking for a Short setup here.
EUR/USD Strong Bull spike after Fed Chair Powell Speaks let's see the EUR make a Double Top in the lower time frame in area 1.076 and our Idea is now definitely bearish for this pair. The Stochastic indicator is still in the overbought are and we have set a Short trade in this scenario.
GBP/USD as explained yesterday still inside a bearish channel where today the price makes a rebound on the dynamic trendline inc confluence with the 61.8% Fibonacci level. The stochastic is still in the overbought area and we are Looking for a Short Setup.
Powell is scheduled to speak at the Riksbank’s International Symposium on Central Bank Independence later during the early North American session. His remarks will be closely scrutinized for clues about the Fed's rate-hike path. The focus, however, remains on the latest consumer inflation figures from the United States (US), due for release on Thursday. The...
EUR/USD has grown during the Monday session reaching 1.076 the currency pair seesaws around the highest levels since June 2022 as bulls run out of steam. Yesterday we have recognized a Bearish Shark pattern where the price reach the entry point at 1.13% FIBO extension where the price today may have a bearish impulse as retracement after the last bullish rally. The...
AUD/USD after 3 days of bullish rally the AUD seems to find resistance on level 0.6950 where the price it's started to converge for a retracement and possible pullback. The stochastic it's in the overbought area and our Idea is about a pullback around the area of 50% - 61.8% Fibonacci, this does not exclude the possibility for the price to may drop more.
Silver, in a lower timeframe H1 price, may start a new bearish rally after a breakout of a dynamic trendline and reversal on the 61.8% Fibonacci retracement. The stochastic shows an Overbought scenario with divergence and our forecast is about a possible SHORT setup.