I said 2 things earlier but I changed my mind a bit - the first thing was that I wanted to wait on Monday to do a new post because of the geopolitical situation and the halving, what happened last night convinced me that the floor was here (of course I can be 100% wrong) - second thing is that from my last post, I said we could chill some months because nothing...
USDCAD - 24h expiry Price action looks to be forming a bottom. Short term RSI has turned positive. We expect a reversal in this move. A move through 1.3700 will confirm the bullish momentum. The measured move target is 1.3750. Our profit targets will be 1.3750 and 1.3775 Resistance: 1.3700 / 1.3725 / 1.3750 Support: 1.3675 / 1.3650 / 1.3625 Risk...
EURUSD held the 4H MA50 (blue trend-line) as Support both today and on Friday and is rebounding. This is a short-term Bull Flag within the 4-month Channel Down pattern that is targeting its top (Lower Highs trend-line). As per the previous Bullish Leg of the Channel, we are targeting the 0.618 Fibonacci retracement level at...
GBPUSD H4 This chart highlights the H4 trend edging towards our sell zone price of 1.26. There are several confluences converging at this price level, bolstering our anticipation of a reversal and a resurgence in dollar strength. We've taken proactive measures by setting alerts and now await developments with patience. This forthcoming bullish extension could be...
The USDMXN pair gave us a strong sell signal last time we looked at it (February 19, see chart below): Now a new sell opportunity has emerged as it got rejected heavily at the top (Lower Highs trend-line) of the 2-year Bearish Megaphone pattern and is now trading mostly below the 1D MA200 (orange trend-line). According to the RSI fractal, this price action...
This is my Intraday analysis on EURUSD for 30 April 2024 W18 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Sentiment from Monday (April 29th) could carry over to Tuesday, depending on the outcome of Eurozone data releases (CPI, GDP) and US ( Consumer...
Today's focus: Gold Pattern – Lower High swing point Support – 2290.50 to 2315 Resistance – 2338.40 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Gold on its daily chart. Do we have a new swing lower in play after sellers formed a lower high? This could be the case, but we still need some confirmation. In today's video, we...
USD/CHF is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.90750 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.90137 Why we like it: There is a pullback support level Take...
Looking for signs for price to turn bearish. I'm sure they are using Tues to take out highs for the week. Just need everything to line up within killzone times. for now we sit on our hands and wait for price to tell us more of what it would like to do.
NZD/USD is rising toward a resistance level, which is a pullback resistance that aligns with the 61.8% Fibonacci projection and could reverse from this level to our take profit. Entry: 0.60067 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci projection. Stop loss: 0.60455 Why we like it: There is a pullback resistance...
The price is rising towards a resistance level, which is a pullback resistance that aligns with the 23.6% Fibonacci retracement, and could reverse from this level to our take profit. Entry: 1.36721 Why we like it: There is a pullback resistance level which aligns with the 23.6% Fibonacci retracement. Stop loss: 1.37266 Why we like it: There is an overlap...
Why has the US dollar sunk in the lead up to the FOMC decision? Bloomberg Economics says “We expect Powell to make a hawkish pivot” regarding the FOMC’s decision this Wednesday. Expectations for rate reductions have been pushed further into 2024. So, why is the US dollar underperforming to start this week? And does this open up an even more attractive entry...
By Wolrd Forex Traders Hello 👋 " GBPUSD Market Analysis 💡📊👀 3H Time Frame Chart 📈🕒 _Bullish Signal 🚀👍_ We're seeing a potential long opportunity in the GBPUSD market, with a current price of 1.25376. Our target is 1.27087, which is a key resistance level. A breakout above this level could lead to a significant price increase 📈💸! _Analysis 🤔📊_ The 3H...
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price declined to the support level, which coincided with the buyer zone, and at once rebounded and made a strong upward impulse to the resistance level. Soon, Gold broke this level, which coincided with the seller zone and rose a little more, after which it...
Layers 2331 - 2329 Sl @ 2324 1st tp @ 2336 2nd tp @ 2344 3rd tp @ 2350 4th tp @ 2360 Caught over 400pips and its only Monday! See below for today's setups.
Traders, Here's our analysis across different timeframes: Daily Chart: Strong bearish sentiment prevails, supported by a bearish channel formation, signaling potential long-term bearish trajectory. 4-Hour Chart: Consider the high of last week as a prime level for short positions. However, be prepared to switch to a bullish outlook if this level is...
This morning, USDJPY dropped by more than 500 pips this morning. If you are looking for a reason why it happened, remember that historical structure always leaves clues. The price perfectly respected a historic structure of 1990th. Today, we see a perfect example how important are historical levels, and how the market remembers the things that happened more...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPUSD has been overall bearish , trading within the falling channel in red. Currently, GBPUSD is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a supply zone marked in green. 🏹 Thus, the highlighted red circle...