AUDUSD stays on the way to posting a second consecutive weekly loss while reversing the post-FOMC rally. In doing so, the Aussie pair portrays a U-turn from an 11-week-old horizontal resistance surrounding 0.6640 amid a pullback in the RSI (14) line from overbought territory and a looming bear cross on the MACD. Also keeping the pair sellers hopeful is the clear...
GBPUSD bulls take a breather at a weekly high, after rising the most in a fortnight the previous day, as traders await the Bank of England’s (BoE) monetary policy announcements on Thursday. Also important will be the preliminary UK S&P Global/CIPS PMIs for March. That said, the quote’s successful break of a two-week-old descending resistance line, now support, as...
Gold price licks its wounds around the mid-$2,100s while portraying a choppy move between the one-week-old descending resistance line and $2,148 support confluence comprising the 10-day Exponential Moving Average (EMA) and the previous yearly high. In doing so, the XAUUSD depicts the market’s cautious mood ahead of the all-important monetary policy decision from...
FOREXCOM:GBPUSD 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...
Sell at current Price, With a Stop at around 43000 , For an objective of 41200.
EURUSD floats above 100-SMA on early Monday, after posting the first weekly loss in three. However, the quote remains well below the key resistance confluence surrounding 1.0930, which comprises the 50-SMA, the bottom line of a monthly bullish channel and a downward-sloping trend line from November 29. It’s worth noting that the RSI rebound from the oversold...
EURUSD portrays a corrective bounce from the weekly low, snapping a two-day losing streak, as the pair traders await speeches from European Central Bank (ECB) President Christine Lagarde and Federal Reserve (Fed) Chairman Jerome Powell, scheduled late Friday. In doing so, the Euro pair reverses pullback from a five-month-old horizontal resistance as the RSI (14)...
USDCHF - Selling Opportunity. Analysis Timeframe: 1D. Selling opportunity on USDCHF if we observe price confirming a downward breakout of the chart pattern with a strong candle. Our profit target will be set at the last low before the formation of the mentioned pattern. As for the Stop Loss, we will place it above the fast-moving average acting as resistance. (🇮🇳)
USDCAD - Selling Opportunity (Part II). Timeframe of the analysis: 4H. After the first analysis on USDCAD with double Take Profit and having already achieved the first one, the price has formed a bearish continuation pattern that we hope will break in the next move and take us to the final profit-taking point.
EURUSD - Buying Opportunity TF analysis: 4H. Buying opportunity in EURUSD in the event of seeing the price confirming a false breakout of the chart pattern it was in, while also rejecting the moving average acting as support.
AUDJPY - Buying opportunity. Analysis TF: 4H. Waiting for the price to break the recent resistance level, where different signals converge, indicating a potential bullish movement.
USDCAD - Opportunity: Sell after chart pattern breakout. Timeframe of the analysis: 4H. We observe convergence of different signals confirming our strategy to enter a sell position. We place the Stop Loss at the last high and set two Take Profit levels, one moderate and another with a higher projection and longer-term.
Trade Analysis : Swing USDJPY Downtrend Trendline analysis on USDJPY Trend Identification: Swing Downtrend USDJPY. Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bullish pullback with market structure. Targets: T1 = 143.375, T2 - 143.00. Check for Entry and Stop-loss. Risk...
Trade Analysis : Swing EURUSD Downtrend Channel analysis on EURUSD Trend Identification: Swing Downtrend EURUSD . Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bearish pullback with market structure. Targets: T1 = 1.6000, T2 - 1.0550. Risk Management: Set appropriate stop-loss...
Trade Analysis : Swing USDJPY UPTREND Trend analysis on USDJPY Trend Identification: Swing Uptrend USDJPY. Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bullish pullback with market structure. Targets: T1 = 141.00, T2 - 142.500. Risk Management: Set appropriate stop-loss levels to...
Trade Analysis : Swing USDJPY Downtrend Channel analysis on USDJPY Trend Identification: Swing Downtrend USDJPY. Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bullish pullback with market structure. Targets: T1 = 139.00, T2 - 137.50. Risk Management: Set appropriate stop-loss...
Next week will be the pump week for EU This week was full of USD news and stuffs that effected badly for EU, This gonna reverse in next week and positive news for EU also coming