As for wave deep analysis for FX:SPX500 we have the following: Monthly wave: s3.tradingview.com We are currently at exact middle of the wave and bounced pretty hard from it. Also this is our first monthly pullback to the wave since 2020. Watch for lower timeframes before entering trades. Our monthly targets for long would be 5450 if we continue growing to...
As described in chart, DXY repeats pattern established 2 weeks ago since 1 of April. Possible move upside to 100 and 100.8 Watch out for resist either break of resistance.
As we see NZDUSD Broke rising channel. We can see 2 scenarios next: 1. It will keep dropping until next support since now its broke existing one and it become a resistance. 2. Retest of rising channel before dropping again.
Watch for Short positions there. Also you can watch almost same image on NZDUSD chart.
IMO it will return back to support after breaking the downtrade channel and came back to rising to upper resistances.
Moving between s/r zones and fibbonnaci retracments.
As we can see on the chart there's high supports we are in to with this price action and its very possible futher way up. For risky traders you can enter the trade now after see some confirmation, for safer traders you can wait until price goes little bit lower to the next support then enter long trade. Manage your risk
We actually can find price in downward channel and also retested a good resistance so it can be good trade to sell as price retests 0.993 See confirmations before entering, watch momentum and move SL in +ve side after getting 5-10pips
See description on chart.
Price already rejected twice 1.2725 Key level and bounced from it. Anticipating breaking of the channel & placed Buy Limit at 1.12727 with SL at 1.2710
Possible reversal if it respects lower supports and starts growing up. Otherwise we probably could see 1.2 in the next months.
There's no any clear signal for opening trades atm on this pair. 1. Price have respected channel support what could be a possibility for going long on this pair. 2. Price already tested important psychological level 114 and bounced from it what means possible change of trend and going short after creating a trading channel (retest of resistance).