Get started

Search in ideas for "FOREX"

EURUSD TRADE SETUP FOR LONGA second wave (x) ended at 1.2532 on 2/16/18 where the weekly is turning down and the daily right side is down. Down from there wave a ended at 1.0877 on 10/1/19 where the 4 hour is turning up. From there a wave ((W)) is in place at the 1.1239 highs from 12/31/19 where the hourly is turning down. From there the cycle in wave (W) ended at 1.1084. While above there it can see a bounce to correct the cycle from the 12/31/19 highs. While below there it can see another swing lower in the correction of the cycle up from the 10/1/19 lows.
Long
by Forextuitions
GBPJPY Signal of the day The 4 Hour is turning up against 126.50 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . While above 140.81 a bounce to correct the cycle lower from there can develop. While below the 148.07 highs another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there expect the pair higher again. Shor term trade. Sell GBPJPY @143.10-25 target: 142.20-141.90 Stop loss: 143.60 Good Luck !
Short
by Forextuitions
CADCHF likely to touch the 0.7400 supportThe pair has been moving in a falling channel pattern for half a month. The prices have completed the re - test of the upper ceiling at 0.74703 and has started to move towards the south, creating an opportunity to short the pair. The expected target for it to reach is, initially at the centre of the channel at 0.73998 (centre line shown by the dotted line). If the prices sustain below this level as well, we might be headed for the next support of 0.73500. The stop loss for the trade will be at 0.7500.
Short
by forexnoobmaster007
USDCAD Technical AnalysisUSDCAD the pair has been bounced with the bullish trend, Currently the pair trading below the Daily Resistance level @1.3379 with the lastest 4hr resistance @1.3390, The pair holding a bullish pattern , we can see a short term sell before rally to test support @ 1.3320/1.3300 , However we keep a bullish bias (targeting USDCAD 1.36 by year-end) in light of longer-lived negative factors persisting, as the housing market remains a drag on construction, and household consumption growth is limited by debt service ratios reaching a record high.” keep eyeing on Fundamental data CPI and Core Retail Sales Data. Short term Sell @1.3365/75 Tgt: 1.3315 Sl: 1.3399 Good Luck !
Short
by Forextuitions
GUARGUM51! - Key Trends and Price PredictionsOn the NCDEX, guar gum has formed an Elliott Wave cycle, with the final Wave E of Wave (4) approaching completion. A confirmation above Wave D could shift the entire outlook in favor of buyers. From a price action perspective, 9830 serves as a strong support level, while 13,650 acts as a supply zone, both of which have remained significant for over four years. Wave D represents a critical midpoint, ensuring a push toward the upper supply zone once the price sustains above this level or Wave D. If the price has completed Wave (4) and has broken above Wave D, it is likely to reach the upper boundary of the value area, around 13,650 . However, with the ADX (Average Directional Index) at 17, this suggests a weak trend, indicating that the current price movement lacks strength. If the price closes below the demand zone at 9,830 , it could delay the expected bullish move. Traders should wait for confirmation before entering a long position to ensure a stronger trend.
NCDEX:GUARGUM51!
by forextidings
TMCFGRNZM: Breakout Could Fuel Bullish MomentumNCDEX TMCFGRNZM is showing signs of potential growth, but the increase so far hasn't been significant. According to Elliott Wave analysis, the price has formed an impulsive pattern, with wave (c) of wave ((4)) reaching a level of 13,000 . The price is currently in the final wave ((5)) of the impulsive cycle. For this to confirm the impulsive movement, the price needs to break above the level of wave (B), which is at 16,590. A strong resistance is expected at wave B, and if the price breaks through this level, it could boost the bullish momentum, leading to a new high. However, without this confirmation, the price may not be suitable for long-term investment and could remain in a corrective phase. We will update further information soon.
NCDEX:TMCFGRNZM1!
by forextidings