Weekly market breakdown covering all 28 pairs. CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY.
NYSE:UPS NYSE: UPS UPS has been trading nicely in this short term upward channel, price is looking to bounce off the lower boundary and head again to the upper boundary targeting 127.50. A break lower will make this trade idea void. Please like and follow to get the latest trade ideas and analysis. (FX-NYSE-Crypto-Commodities)
BITSTAMP:BTCUSD BTCUSD Even after a strong push to the upside, price was not able to push beyond the channel upper boundary. If buyers were not able to push beyond the 7450, price will continue to push lower targeting the 6850 the lower boundary of the channel.
FX:EURUSD EURUSD Well The EURUSD wasn't able to push higher and broke the channel found some support on the 200EMA, it is expected to retest the broken channel which will be around the 1.1150. From there price can be expected to push lower to target the 1.1045 close to around 95 pips. On the other hand if buyers were able to push higher than the channel, then...
- 200ma trending down - Price reversing off major downtrend - Head & Shoulders pattern in place - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:SHP
Based on the divergence and slamming into a cluster of important fibonacci levels, I think a ≈5% correction is in the works. Looking for shorts at these levels and will look for longs in the boxed in area accompanied by other "buy signals".
I have been bullish over the last few days and continue to be so in the 108 to 108.47 interval. The price might reach 109 with the trend being bullish. Visit www.londiniumfx.com to know what Alex is trading, and reach out to api.whatsapp.com to be added to Alex's free WhatsApp Channel. Alex also offers a free educational course worth £1000 via ATFX UK. Contact us...
Hi traders, here's a quick comparison between silver and gold. Silver has reached the upper channel resistance and is forming a bearish pinbar pattern, signaling sellers are joining the market again. The resistance aligns with the 61.8% Fib level which could provide additional selling pressure and lead to a continuation of the recent downtrend. Gold to follow...
You may remember our H&S pattern idea in Gold a few days ago, and this is an update on that setup. The yellow metal broke above the H&S neckline last week which didn't act as a resistance for the price. However, the pattern is still valid in our eyes as the price is facing difficulties to break above the 61.8% Fib level, signaling a possible new lower high...
Wow! What crazy short term market moves!! That right on a day like today where the EU zone reported weaker economic numbers but seemingly the EUR held up in value until news / rumors / or presidential Tweet on social media, announced that the China trade war was relaxing just a bit. Pushing tariffs out which gave the impression of relaxing the hard line trade war...
Hello all - DuncanForex here with another trade idea. I am looking to re-enter EURUSD following the trade I took in the related post below. Price is currently in the 50% to 61.8% Fibonacci zone of the retracement of the last leg higher and is cycling nicely I want to get in early in the week so ideally price is not near my entry point for when NFP arrives on...
OANDA:XAUUSD , FX:XAUUSD , FOREXCOM:XAUUSD Monthly: The reverse head & shoulders formation has finally broken the neckline. Daily: Previous reistance levels should now act as support including 1392, 1375 & 1367 Trade idea Sell XAUUSD in front of $1375 & $1366 Stop loss at $1347 Target $1587
FX:AUS200 Weekly – Bullish channel with bearish divergence Daily – Bullish flag and overbought 4H - Breaking higher from bullish flag - looking for re-test to set longs Buy AUS200 at 6560. Stop 6520. Target 6660 Overbought and bearish divergence on longer term charts could stifle this move Good luck! Check out our FREE Telegram group for trading ideas and...
Wait for sale when a 4 hour candle is closed down from 138,700 to 135,900 Support is broken, there is some power and I believe it will continue to fall.
Hi traders, this is my longtime view on USDCHN. China sell a lot of USD bonds after the the start of the trade war. This will push the USD down and make it more difficult to get money for the USA. So be paitent and trade against USD. Have a good trading week. Your Stefan Forex
Hi traders, after this amazing short trade we can go long now. The market give us the signal to go long with RSI divergence at the support and the bullish pin bar at the support. Be patient and hold this trades with a high risk reward. Have a good weekend. Your Stefan Forex
Hi traders, EURGBP have make a great bullish move after the double bottom. Now we can trade the reversal to see the retest of the broken zone next week. Have a good trading week. Your Stefan Forex