Channel SupportGBP/USD has broken the bottom of the flag Channel on 4Hour Timeframe DXY is very strong I am going Short on GBP/USD I will update about this tradeShortby bhupendra4401Updated 1
EURUSD: Recovering but outlook still bearish!Hello EURUSD traders! Today, we are witnessing a modest recovery of EURUSD to the level of 1.0777, but it still exhibits characteristics of a downward trend. Chart analysis indicates that the decline continues as it breaks out of the upward trend line. Furthermore, the convergence of EMA 34 and 89 appears to favor sellers. According to the Dow Theory, this currency pair is undergoing a corrective wave in its trend and is testing for a breakout, suggesting that any price increase may not be sustained. The target for the downside and the current selling zone is aimed at the first Fibonacci retracement level of 1.618.Shortby RKarinaUpdated 18
GBP CAD - GOING TO BREAK MONDAYS HIGH LEVEL PRICE GBP CAD - GOING TO BREAK MONDAYS HIGH LEVEL PRICE take a long entry,till 1.70981 price line, nd also follow for more live updates @FOREX_TRADER_007 Longby FOREX_TRADER_0074
EURCHFIt will comes down Market ready to go down Wait and move Will manage the money management Shortby Ar-Traders1
GBP JPY PRICE - FLY MODE ON TILL 191.170 MARKED PRICE LINE GBP JPY PRICE - FLY MODE ON TILL 191.170 marked price going to break mondays high level zone follow for more live updates @FOREX_TRADER_007 Longby FOREX_TRADER_0074
GBPUSD: Maintaining the falling channel !Hello! Today, GBPUSD is once again experiencing another day of losses, clearly indicating a downward trend within a stable price channel. The pair has yet to show any signs of a breakthrough. Currently trading at 1.256, GBPUSD continues to operate below the EMA 34 and 89 lines, providing more selling opportunities around this pair. As long as the downtrend channel remains intact, the prospect of a price decline for GBPUSD remains a prioritized strategy.Shortby RKarina1
NZDUSD 4 HR hello friends as you can see that in 4 hr chart market making bearish channel but now market will be go up site as per supply and demand we can take buy position i hope you like my idea thank you Longby SoyabAhamad0
AUDNZD SHORT 4 HRhello friends as you can see that in 4hr chart market now resistance zone rejecation candle make thats mean most probability market gon down thank you Shortby SoyabAhamad0
EURUSD: Discounts are still preferred!Hello dear friends, as predicted by us yesterday, the EURUSD pair continues to decline at the current price level of around 1.073 and the prospects are even more bearish. The recent rise in the US dollar following strong US PMI ISM data has weighed on this currency pair amidst investors' concerns about Germany's inflation data. From a technical analysis perspective, this currency pair lacks a clear direction for the next trend as the EMA 34 and 89 do not provide us with signals and future prospects. However, the preference still lies with the downward movement, with lower highs and EURUSD breaking below the support level of 1.075. In my personal opinion, I hope that this currency pair will continue to correct further and the lowest point at this time is 1.055.Shortby RKarinaUpdated 2
GBP USD - RISING WEDGE PARTTERN FROMED TAKE A SHORTGBP USD - RISING WEDGE PARTTERN FROMED take a SHORT ENTRY, price will be down fall till 1.25519 marked price line, follow for more live updates @FOREX_TRADER_007 Shortby FOREX_TRADER_0072
EURUSD keeps rebound from 1.0725-20 support as EU/US data looomEURUSD recovered from a two-month-old horizontal support the previous day while teasing buyers with the biggest intraday gains in a week ahead of today’s top-tier data from the Eurozone and the US. The corrective bounce from the said support crossed a one-week-long descending resistance and gained support from the firmer RSI (14) line to lure the Euro bulls. However, a convergence of the 23.6% Fibonacci retracement of the pair’s fall from December 2023 to February 2024 and the 50-SMA, around 1.0800 by the press time, will challenge the pair buyers. Following that, the previous week’s peak of around 1.0865 and the downward-sloping resistance line from late December 2023, near 1.0910, could restrict the quote’s further upside. On the flip side, the resistance-turned-support line stretched from last Tuesday, close to 1.0760 at the latest, limits the EURUSD pair’s immediate downside ahead of the previously stated horizontal support zone near 1.0725-20. It’s worth noting, however, that the RSI (14) conditions and the yearly low of near 1.0700-695 might raise the bars for the Euro bears past 1.0720. In a case where the sellers keep the reins below 1.0695, the odds of witnessing a southward trajectory toward the May 2023 low of near 1.0625 can’t be ruled out. To sum up, EURUSD is likely to witness further recovery in prices as traders await the Eurozone inflation and the US ISM Services PMI, as well as the US ADP Employment Change. However, the upside room for the prices appears limited unless the scheduled data disappoints the US Dollar bulls and favors the Euro’s latest advances.by MTradingGlobal0
GBPUSDHello dear traders! Yesterday, GBPUSD finally broke out of its sideways trend, aligning perfectly with our expectations by plummeting. The British pound weakened significantly during the North American trading session, as strong US economic data could impact the Federal Reserve's interest rate cut decision. This situation has supported the US dollar while the soaring US Treasury bond yields pose a challenge for the GBP/USD exchange rate. Although prices may recover in the short term, it is important to pay attention to the Fibonacci retracement levels of 0.5 - 0.618 as selling pressure continues to dominate. Furthermore, the EMA trend still favors BEARS, making the SELL strategy highly prioritized.by RKarinaUpdated 19
Continue sales strategy and long-term goalsHello dear friends, let's explore USDJPY together! Regarding the impact of news: The US dollar (USD), up until now, is struggling to gain any meaningful traction amid speculations that the Federal Reserve (Fed) will begin an interest rate cut cycle in June, supported by US Personal Consumption Expenditures (PCE). The index on Friday. This may contribute to preventing any significant upward movement of the USD/JPY pair. Currently, traders are awaiting the release of important US macroeconomic data expected at the beginning of the new month, starting with the ISM Manufacturing PMI on Monday to set the tone ahead of Non-Farm Payrolls (NFP) on Friday. Conclusion on USDJPY and trend: Ahead of the expected news today, as this factor could bring unpredictable declines, we need to understand that maintaining stability within the range of the bullish channel could provide an advantage for bears participating in the market. In the short term, from a technical analysis perspective: With the current trend, a decline is possible. There is evidence to suggest that once the resistance level is touched, it will continue to move downwards, as indicated by RSI divergence remaining unchanged.Shortby RKarinaUpdated 8
Eurusd next move 01/04/2024 only for scalpingEurusd next move, please wait for safe entry, trade with must and should stoploss in your trades.Longby julfikar141Updated 1111
AUDUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.Shortby okako_trading4
EURUSD ANALYSISFOREXCOM:EURUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!Longby PhinicsUpdated 3
GBPUSD: Trend still mysterious!GBP/USD held steady today, hovering slightly up around 1.2630 during Asian hours on Monday. The US dollar's daily losses recover somewhat amid risk aversion ahead of the release of US ISM Manufacturing PMI data expected later in the North American session, capping levels increase of this currency pair. Looking at the short-term outlook: The pair appears to be navigating a sideways trend with the 34 and 89 EMAs in line with the current price action, suggesting minimal fluctuations until the end of the day. Shortby RKarinaUpdated 10
EURUSD: Downtrend is still strongThe EURUSD continues to maintain a price below the 1.0800 level after facing significant downward pressure last week. The current trading level is 1.078, with a slight recovery indicated by a green candle at the beginning of the week. However, this increase has yet to be confirmed as safe, as technical analysis on the daily chart shows a convergence between price and EMA, creating a barrier and challenge to the potential continuation of the EURUSD's recovery. The outlook remains bearish for this currency pair in the coming period, with a defensive target at the 1.070 level.Shortby RKarinaUpdated 16
GBPCAD Short [Daily Swing]GBPCAD Short continuations after a pullback. Rejecting Daily Key Price Area after a pullback from a Weekly Key Price Area. Weekly, Daily and 4H Bearish. Price went further down while I was publishing the idea, so you can set a Sell Limit at 1.70670 and hopefully catch it if it retraces. Potential +2.5RShortby quantxxUpdated 15
AUDUSD rebound remains elusive below 0.6500AUDUSD portrays a corrective bounce from the lowest level in a month, snapping a three-day downtrend, amid mixed data/events from Australia. Also allowing the Aussie pair to consolidate recent losses is the market’s reaction to the upbeat data from China, Australia’s biggest customer, as well as the below 50 levels of the RSI line. However, the bearish MACD signals and the quote’s sustained trading beneath the 0.6500 support confluence, comprising an ascending trend line from early November and the 61.8% Fibonacci retracement of the quote’s late 2023 moves, challenge the bullish bias. Even if the quote manages to cross the 0.6500 support-turned-resistance, a convergence of the 50-SMA and the 200-SMA near 0.6545-50 will be a tough nut to crack for the buyers. Following that, the 0.6600 threshold and a horizontal area comprising multiple levels marked since January, near 0.6635-40, will be the last defenses of the pair sellers before giving control to the bulls. On the contrary, a two-month-old horizontal support around 0.6475 restricts the immediate downside of the AUDUSD pair ahead of the yearly low marked in February around 0.6445. In a case where the Aussie pair remains bearish past 0.6445, the early November swing lows surrounding 0.6340 and 0.6320 could test the sellers before directing them to the previous yearly low of 0.6270. It’s worth noting that the quote’s weakness past 0.6270 will make it vulnerable to slump toward the year 2022 bottom around 0.6170. Overall, the AUDUSD pair is likely to remain bearish and the latest recovery appears less convincing.by MTradingGlobal1
Usdcad SellClosed the liquidity void and formed 30 min -ve Order Block and a fvg is filled possible down move for the usdcad in asian sessionShortby Achu0180
will it take support from hear or going to break the support ??euro usd in this perticulaar time frem has a falling wage pattern and all over is a bresrish ans in 4 hr time fream made a head and shulder pattern is its broke then we can expact a fall of 3 to 5 % in this 2 weeks and also has at febonachi retressment lavels lets see what happens Shortby mohit248760
GBP CHFDisclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade, this post is for educational purpose only . warning :- do not jump directly or do not copy my trades DO your analysis properly Shortby Vaishali420Updated 0