OANDA:XAUUSD Gold price reversed from the nine-week horizontal resistance and broke the two-week support line to convince the sellers. The downside in XAU/USD also takes cues from bearish signals from the Moving Average Convergence and Divergence (MACD) indicator and the descending Relative Strength Index (RSI), set at 14, which is not oversold. With this, Gold...
The USD/ZAR currency pair has been trading within a support and resistance channel, and recently it broke below the support line with a strong bearish candle. This presents a potentially favorable opportunity to initiate a sell trade with a small risk and the potential for significant rewards.
Euro dollar is at the key support level and if the supports holds up then we could get a decent bounce. This is on the daily timeframe and we can drill down further on the hourly charts if one wants to get shorter term idea. In any case a small bounce at this level is a high probability.
UD/JPY forming a bullish reversal pattern - Head and shoulders at an important support level. The pair is also oversold so the chances of mean reversion on the higher timeframe along with the reversal pattern on the hourly timeframe bodes well.
Break down from the reversal pattern on the hourly charts and the oscillators are also now moving in the bearish territory. There is no immediate support and the momentum oscillators have a long way to go to get to the oversold zones. All suggest towards a good short sell
at the support level after the breakout. looks good for a bounce from here.
AUD/CAD at an excellent support level. This is the previous breakout level where the market had tested the level several tines before breaking out, thus it is a key level in terms of the support and resistance. Expect the pair to bounce from here as the oscillators on the hourly time frame are also looking oversold. Some mean reversion can be expected and this is...
Kiwi is back at the support zone from which it broke out a while ago, great level to initiate longs as the pair also looks oversold on the hourly charts.
1) Uptrend 2) Price is above EMA 3) Moving up From their Strong support 4) Fundamentally NZDUSD Is looking LONG 70% Technical 30% Fundamental
1) Downtrend 2) Price is Below EMA 3) Moving Down From their Strong Resistance 4) Fundamentally USDCHF Is looking Short 70% Technical 30% Fundamental
Hallo Trader, welcome to FX server we provide trading idea for educational purpose. We help to identify your best entry area. Before entry follow your trading rules, strategy, money management, stop loss and target. If you find more trading setup ?
Let’s focus on OANDA:EURUSD SELL The target is marked as per 15M & 1 Day with Fibonacci tool Calculate by SMC Market Structure. As per current Eurusd price on 15M chart Major 2nd BOS is complete now it’s time to retrace minimum 38% marked area with Fibbo tool TP1 and TP2 area is 50% marked same with Fibonacci Thanks for watching.
FOREXCOM:EURAUD ...............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 SMC to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules...
The pair has started a new uptrend and has stayed above the ichimoku cloud for a decent amount of time. It is now at a support level both from the point of view of the ichimoku clouds and also the standard pivot level. It also seems to be forming a flag pattern on the hourly timeframe which further adds conviction to the long idea. The target will easily be a new...
EUR/GBP has rallied on the one hour timeframe after forming a bullish divergence on the chart. It is now back to a very strong resistance zone. The pair is already looking quite stretched and with a strong resistance nearby it is quite likely to retrace from here for a decent trade.
OANDA:XAUUSD The US dollar benefited from a fresh rise in US Treasury yields, sending gold prices plunging. Amid increased hawkish sentiment around the Fed rate outlook, all eyes will be on Fed Chair Jerome Powell's speech later Wednesday. The 14-day Relative Strength Index (RSI), suggesting that gold's downside risks remain. So, the nearest support is at...
Looks like another breakout from the consolidation pattern on the hourly timeframe. The pair has the next resistance only at 145 level. That is a lot of room to rally.
Kiwi has come to a key pivot level and the oscillators are also oversold. There is a case for some mean reversion in the pair at this level. Stops can be below the support and the long positions probably can be hold over the weekend as well. It will be difficult to take this level out for the bears in first try.