We had a huge impulse on the monthly chart and this medium/longer term move is the retracement of that impulse.
So in the coming week(s) we want to see the Swiss Franc get weaker against the dollar.
Even on the technical side, we see price break above the counter trendline and the weekly resistance. So for those who swing trade, this setup is something you'd...
This is the cleanest bit of price action we've had in a while.
The dollar took a hit these past 2 or so weeks and from this move down we expected price to test and start to reject the weekly support. We've seen price consolidate at that level this past week, and now we seem to have a potential reversal pattern to see the bulls step in for the retracement of the...
Looking at the Dollar Index we saw a strong move to the downside, fueled by inflation numbers from last week's fundamental announcements. We're now looking to see price make a retracement towards the previous level of support which is now resistance. This should give the dollar a little bit of strength across the dollar pairs.
"Inflation this, interest rates that, The Fed this, Recession that, etc, etc"
Yes, it is important to have an idea what's going on from the macro economics side of things, but one thing about the charts is that the candles speak for themselves, and oftentimes everything you introduce from outside to the charts, specifically between YOU and the charts, becomes...
We saw a clean bearish impulse on this pair and we're expecting a retracement to potentially the last daily support level which should now act as resistance. Price is also rejecting a support level in this market.
After a bearish impulse📉 we expect to see a retracement.
Target is @ 1.66000 psychological level 🎯
Stay strapped and control risk 🙏🏼📈
We had a bearish impulse on the weekly all the way down to a structural support area for this pair. We wanna see that same impulse get retraced.
Target being @ 0.67100🎯📈
Stay strapped and control risk 🙏🏼📈
We're looking for price to correct its bullish move from the weekly perspective to go and retest the previous resistance which is now support @ 130.50
We also see price decelerating on the daily chart while also forming a double top, indicating a potential reversal to the downside. We'll be finding our confirmation on the intraday timeframes.
First target is @...
Price is testing and rejecting a demand and support level in the form of an impulse. So we'll be trading the retracement, which is also the possible corrective move from our latest NFP move.
Stay strapped and control risk 🙏🏼📈
Price has been consolidating above that weekly s/r level for a couple of weeks now (basically the whole month) in the form of a "bullish flag". We also see higher lows being formed which are also supported in the form of a trendline. We'd like see a break of that consolidation to the upside via Canadian dollar weakness or potential US dollar strength across the...
GBPAUD has been melting to the downside with no sign of a significant pullback. Price has finally made its way to the downside testing a demand and support zone. We also see price decelerating at that level and could likely see the first real retracement to the upside in the form of sellers taking profit on their shorts and buyers stepping in to buy the lows....
Price came to retest the monthly support area in the form of a higher low. We see multiple wick rejections and the beginning of bullish price action with the creation of a higher low from that psychological 0.92000 area.
Even though there's very choppy consolidation going on, price still has to test the current daily resistance area around 0.92500 area .
Stay...
Through the bullishness, price has reached and slowed down at a strong supply zone and we'll likely see price reject that area and drop all the way down to the 114.000 area again, which is a weekly support level in this market and also a significant psychological area.
Stay strapped and control risk🙏🏼📈
We've seen the Australian Dollar gain against the New Zealand Dollar in the past few weeks with no sign of weakness. But right now price is currently testing a fresh supply zone on the weekly chart and could likely see the bears start to creep into the market and potentially take over.
In the short term we'd like to see price go retest the weekly support at...
Price has been consolidating to the end of 2021 in the form of an accumulation. The price action we have within this accumulation is of a bullish nature, as we've seen price break structure to the upside. In the retest of that structure area we see another higher low being formed indicating that it's only a matter of time before the bulls officially take over the...
Price has hit and has been rejecting a strong supply area on the daily chart. The deceleration is of an ascending nature indicating a potential reversal back down to test the monthly support.
Stay strapped and control risk
OANDA:EURJPY
This is as basic as technical analysis can get.
We saw cad strength this past week or so (or dollar weakness rather) giving us an impulsive move down to a support level where we already started to see a rejection in the form of a pin hammer.
We would like to see a retracement of that impulse, preferably to the previous daily support which will now act as...
Price was bullish on the daily and we stared to see a retracement on that bullishness.
In other words traders are taking profits on those buys and others are going in on sells and thus causing a retracement. We'll likely see Gold retrace to the current support level formed around $1804.
Stay strapped and control risk🙏🏼📈
We got the sell move to 114.00 psychological number. We saw a swift rejection of that level and price closed above that level with a reversal candle. Now we wanna see a retest of the previous daily support level in the form of a retracement from last week's impulse.
Stay strapped and control risk 🙏🏼📈
![XAUUSD: XAUUSD [GOLD] SHORTS](https://s3.tradingview.com/q/qq7Grblk_mid.png "XAUUSD [GOLD] SHORTS")
