Greetings Traders! GBPNZD is poised at a critical juncture, with NZD's "Employment Change" and "Unemployment Rate" news on the horizon. Awaiting the news' outcome could be strategic before we commit. If we see a negative impact, there could be a prime opportunity to go long. Yet, on the flip side, positive news may trigger a steep decline, threatening to hit...
Greetings Traders, Here's a compelling setup on EURUSD for your consideration. Currently, the pair is riding an uptrend. However, the price is closely hugging the moving averages on the monthly chart, hinting that sellers might be ready to step in. An emerging rising wedge pattern on the weekly chart reinforces this perspective. If we witness a break in this...
Greetings everyone, The AUDCAD pair presents a compelling buy opportunity, as indicated by the strong bearish pressure. This is reflected by the candlesticks' positioning under all four moving averages. Confirming our analysis, the overall market trend, as evidenced across various timeframes, aligns favorably with this trade. To further validate our entry, we...
Greetings everyone, Starting the week with a potential BUY for GBPAUD: Despite its recent heavy decline, this pair is nearing our strategic moving averages and has exhausted its daily average volatility, indicating a potential end to the bearish run. The overarching trend remains bullish, hinting at resistance against a total free fall. To capitalize on this...
Hey Traders! As we begin the week, our focus is on the EURAUD currency pair. Exhibiting a strong uptrend and a bullish 'W' formation on the 4-hour chart, this pair shows promise for further ascent. The presence of a low lower wick close reinforces the potential for continued bullish momentum. As always, ensure to integrate this information into your broader...
Hey Traders! I believe EURJPY will continue going up due to the following: - Recent bullish engulfing candlestick on 4h with MA bounce. - Although it's near the psychological level 158, we are likely to re-test it because it's forming recent higher highs. - The pair managed to pass 157.00 level which was a previous strong pivot level - COT Data is in favour...
Hey Traders! I believe this could be a good buy for the following reasons: - The current price is above the monthly pivot level - Strong bullish engulfing candlestick 4h close - Strong break of 20 moving average - Overall market direction is bullish - Likely going to re-test the previous psychological level, if broken will go further - EUR & NZD are...
Hey Everyone! I believe USDJPY can have both scenarios for the following reasons: SELL setup: - USDJPY has been very bullish recently and needs a strong rejection. - Even with NFP news outcome being positive the USD is currently falling slightly. - There is a good bearish channel and stoploss is covering our 100-200 moving averages. Buy setup: - After the...
Hey Everyone! I believe this pair has the potential to go down for the following reasons: - NFP came out positive for the US Dollar - Strong resistance zone 1.26500 - Psychological level at 1.2600 - Resistance meets the 100 moving average on the weekly I believe currently it would be wise to wait for that re-test of resistance before entering since the...
Hey Everyone! I believe we might have a good sell for following reasons: - Overall higher timeframe market direction is bearish - NFP news came out positive for the US Dollar - Recent bearish engulfing candlestick closure Its likely to re-test previous 20-50 moving averages, if these break I see this pair dropping much down much further. EUR recently had...
Hey Everyone! I believe NZDCAD is a good sell because it's in a bearish channel, we have a strong resistance to the upside, our stop loss is covering both moving averages to add another layer of protection. Overall market bias is bearish, after such a push there might be a slight pullback so if you find the trade pullback heavier you can enter for a more...
Hey Traders! NFP came out positive for the US dollar we saw some bearish pressure, althought we are currently on a bullish channel, I believe we might re-test lower maybe the previous area of support which is around a 30-40 pip move to the downside, then we have 200 moving average that is about 50 pips away, if all this is broken then we might see a higher...
Hey traders We have a strong bearish channel, with a recent 4h engulfing confirmation. 15 Minute a strong triple top, into a new low with strong engulfing candlestick as well confirms the bearish bias, should see this trade drop lower to the previous daily area of sensitivity market in the charts. If the daily is broken we will see this trade drop further.
Hey traders Seems like audusd has now broken the bullish channel, the US news outcome GDP did come out lower then expected all other news including initial jobless claims came out positive, this should lead to further bearish power over the aussie. Hedgefunds are also selling off AUD.
📌 Potential SELL setup for: USDCHF 👨💻 Technical: A lot of bearish momentum likely a pullback will happen hence the arrow up before it continues dropping down. 🎯 For an ideal entry: You could enter now because it made a new low, however because of the strong push towards the downside, there always has to be a exhaustion, so I expect a move towards the moving...
👉EURCHF @0.9787~ SELL 📍 SL - 0.9827 💰 TP1 - 0.9767 💰 TP2 - 0.9727 💰 TP3 - 0.9627 Hey everyone I believe we have a good shot for EURCHF to go down further, likely bouncing off the channel bottom due to the daily bottom level, overall market direction is bearish, we have all moving averages on the 1h covered by stoploss, if we break the channel to the upside...
Hey everyone Although the 1-4 moving averages are at the bottom showing bull pressure, higher timeframes are likely to react and push the market back down, strong down-trend on the daily, also 200 moving average on the daily, showing maybe a push exhaustion cycle.
👉EURCHF @0.9836~ SELL 📍 SL - 0.9896 💰 TP1 - 0.9816 💰 TP2 - 0.9776 💰 TP3 - 0.9676 Hey everyone I believe EURCHF will drop we are currently in a triangle pattern and should be able to break it and re-test the previous bottom level, if broken then we will aim for higher timeframe trend, if that breaks tp3. 😊📈