Price was pushed into a 1-Touch level due to FED Interest rates last night, most of retail traders are Bullish this pair so this will be used as liquidity to ride price action down to the next hourly level
Gold had a fundamental push from US Interest rates last night that has sold-off sharply. Expecting price to find support at this 3-Touch SR Flip area to move to the upside in the short-term and then to be re-assesed.
Hi guy's, EURUSD as been bearish for some times now.... Well with the bearish we had yesterday, although people might think it's over but it's not, it likely for EU to continue in bearish.......
1.20526 is a level I want price to retest for possible bearish continuation......
Or if price break below 1.19899 and retest it possibility of Bearish Continuation too...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (330.80).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2124).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCADis in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.2162).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
USDJPY broke out of the bull run which started at the start of the year. Once it broke, it didn't just drop instantly. It created a complex correction which can be seen on the chart.
Ideally we'd want USDJPY to push up once more to create a double top before dropping. Will be watching the pattern play out and see when the break occurs.
Goodluck and trade safe!
Midterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 28.55 on 06/01/2021, so more...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1897).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which...
Following our last NZDUSD analysis which was posted last month, we got a messy breakdown but we had our entry right at the top. The next entry would be after a break of the 0.71 level followed by a retest or a bear flag.
It is possible that we can move up once more. See lower timeframe chart below.
Goodluck and trade safe!
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.2150).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which...
In this video we look ahead to NFP and share our insights into how the market could move during and after the NFP report.
In this video we look at EURUSD levels to watch, however its important to be considering all USD pairs (and stock indices) for how they may move in response to the NFP report later.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.89416).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
GBPUSD created a double top perfectly. The way we got there was with an ending diagonal within an ascending wedge, which all means reversal!
Look for bear flags on the 4H and 1H and get in with stops above the correction.
Like this idea for updates throughout the week.
Goodluck and trade safe!
S&P500 (SPX) Hyperwave - have we entered phase 4?
SPX is potentially one of largest hyperwaves ever. Tyler Jenks predicted between $5600 by 2023 to $7500-10000 by 2025 (conservative/aggressive targets).
