When it comes to inflation, everyone is watching. On 17 March, Inflation rates in Canada will be released; meanwhile bulls are trying to lift back this one that is sitting inside a support zone meaning that we will be looking for buy opportunities. If the price will retest one more time the upper trendline, a buy can be executed. Also RSI is breaking 30% level,...
On USDCHF Daily view, we do not have any possible setup yet. This one is similar to the DXY so we will wait to see what is the future of the US Dollar. Here's a possible scenario, but price can dive inside the support zone for the upcoming week. We can wait until a double bottom can form meaning that the support is rejecting this one.
On EURUSD, price failed to break the supply zone that we have around 1.19 and is going back up. Thus, we are only looking now for buy setups, and if the price reaches our previous support, which is now a non-horizontal resistance (green), we will look into lower timeframes for sell setups. If you like the idea, support us with a like and follow Trade Safe, MacroForex
Following NFP, USD is up again. Here we are waiting for the price to approach our support and lower trendline to go for long positions. If you like the idea, support us with a like and follow. MacroForex
GBPUSD is approaching a strong support where we will be looking for buy setups. Waiting for the upper trendline to be broken on Monday along with the MA60 to add more confirmation. MACD looks positive also. All eyes today were on NFP which had a very positive impact on the USD. If you like the idea, support us with a like and a follow
From a technical perspective, we have a trendline still forming, an inverse head n shoulder on M30, and a valid divergence. Following the recovery of the economy, GBP can bounce up again. Let's wait and see if the neckline will be broken. This analysis was done using the following indicators: -RichTL v1 -MACD If you like the idea, support us with a like and...
A trendline is forming, RSI gives an overbought signal and the price reaches an all time high with reassuring news on the German economic level. A corrective wave could happen in the next few days before an all time new high. Stay tuned ! If you like the idea, support us with a like and follow. MacroForex
On USDJPY, price is sitting around a resistance and trading inside a channel. Three touches has been formed around the lower trendline, the MA60 breaking and a valid divergence in MACD. All this can lead us to a possible Short scenario. Wait like an eagle, the prize in comin'. If you like the idea, support us with a like and follow. MacroForex
Price was rejected by the down trendline, and the MA60 is breaking now and we had several rejections as a clear inverse Head n Shoulder was formed before. Moreover, we have a divergence on MACD. All in all, we can spot a long position. If you like the idea, support us with a like and a follow.
As GDP released better than expected, and price is sitting around a strong resistance and as MA200 is acting as a respected resistance along with our upper trendline, USDCAD could dive downward, so wait for the trigger like an eagle. If you like the idea, support us with a like and follow. MacroForex
Russell 2000 is trading bullishly inside a huge channel. Moving into lower timeframes, price is above MA200, looking for buy setups. If you like the idea, support us with a like and follow ! MacroForex
BTC is trading around 50% level of the Fibo retracement, knowing that buy can be executed at 61.8% and 50%. As it would go higher, it could retest the resistance which is in the case of bitcoin only round numbers and finally trade in a bullish movement until it reaches new peaks. This scenario is the most wanted one by investors. As we always say, trade safe and...
If you like the idea, support us with a like and a follow and don't forget to leave your opinion in the comments section. This analysis is for educational purpose and not to be used on real accounts.
Here's a quick analysis on DOGE. As titled, Elon tweets causing DOGE to rise 10% so far. Trade safe. If you like the idea, support us with a like and a follow and don't forget to leave your opinion in the comments section. This analysis is for educational purpose and not to be used on real accounts.
Here's our overview on the DE30 for the upcoming days. As always we say, never trade equities without following the news. If you like the idea, support us with a like and a follow and don't forget to leave your opinion in the comments section. This analysis is for educational purpose and not to be used on real accounts.
Here's our overview on McDonald's Corporation's stocks for the upcoming days. As always we say, never trade stocks without first understanding the corporation itself, and without following the news. However, based on MacroForex's technical analysis, we have a broken trendline and our MA200 that is about to be broken which leads us into believing in shorting this...