With the USD/CHF pair exhibiting resilience and strength, traders can capitalize on this situation by strategically entering long positions. The trapped sellers below the rising range support are likely to fuel upward pressure, propelling the pair to higher levels. By aligning with the prevailing trend and leveraging the trapped sellers' predicament, traders can...
Hello dear friends! Today, EUR/USD is trading in a tight range below 1.0950 in the morning of Monday in Europe, extending its sideways movement in the context of a stable US dollar and mild risk sentiment. Traders are cautious about placing new bets on the major currency ahead of the US CPI data release on Tuesday. This will be a significant news that will...
Hello traders, this is a comprehensive analysis report. The price reversal is going up, indicating a strong buying opportunity for USDJPY. Traders, if you like this idea or have your own perspective on it, please leave a comment. I would be delighted to hear from you.
USDCHF Short off of a daily key market area. Expected hold time is a few days to a week. Expected RR is +3R. All confluences and entry conditions are on the chart.
Aussie-dollar trend in recent times has violated the characteristics of a proper downtrend. Looking at the 1W TF, there was a lower high (LH) and lower low (LL) seen on April 4 and October 10 2022 respectively. Price rallied to the Willis zone at Fib 0.5 to 0.61 on January 30 2023 and plummeted downwards with an expected target of 0.61900 completing a 100%...
we can see clear rejection of price at 189.00 at 30m time frame we can sale here SL above 189.1 and traget ration 1-2
USDJPY seesaws at the lowest level in five weeks as bulls and bears jostle after the biggest weekly loss in eight months. In doing so, the Yen pair fails to justify better-than-previous Japanese GDP while challenging the four-day losing streak. That said, the oversold RSI (14) conditions and the 200-SMA support of near 146.30-25 also challenge the quote’s further...
In this technical analysis, we dissect the recent breakdown of the head and shoulders pattern on the AUD/USD currency pair, signaling a potential bearish trend reversal. We examine key levels, indicators, and price action, providing insights for traders looking to capitalize on short-side opportunities in the market. Stay informed and navigate the foreign...
CHFJPY showing Selling pressure on QUARTERLY / MONTHLY time frame. If MARCH candle closes as RED, it may go down till any GOOD QUALITY monthly / quarterly DEMAND AREA. In that case it can create good quality Supply Zones on Lower Time frame (Daily, 12hrs, 8hrs, 4hrs) with good risk reward ratio (minimum 5:1).
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 price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
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 price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
Hello everyone, it's RKarina here again! Let's discuss and devise a strategy for the new day! The EUR/USD has gained momentum, pushing prices higher and creating an opportunity for a potential test of the psychological barrier at 1.1000. Increased selling pressure on the Greenback following the Non-Farm Payrolls report for February has provided this currency pair...
The pair finally closed below 82.80 after nearly 6 months. The pair was traded between 82.92 and 82.66. The good part is that the upside has gradually brought down from 83.30 to below 83. The Currency market seems to have lost the shine as most of the currencies are moving in a narrow range waiting for a trigger event. We can expect a consolidation between 82.40...
OANDA:GBPJPY pair looking for major trend reversal in elliot wave perspective
As there is a bullish pattern is forming in the form of higher highs & higher lows the EURUSD making upside moves continuously so I suggest to go for a “BUY ON DIPS” market strategy until it breaks the previous structure and tries to change the trend.
Al though a wedge top has formed on USDINR. Reserve Bank of India may be a villian and stop Indian rupee from appreciating. i.e. stop USDINR falling too far.
it is currently in a downtrend so we are on short side previous history suggest for waiting to let it breakdown with good volume so here is the plan as per shown on chart @TradingView
Entry 188.368/188'02/187.600 Another hammer keeps price from growing lower 187.600 Pair has topped out twice. Pair dipped at to buying places to see if divergence has happened and every time it buys off support. 189.890 doesn't get seen maybe we have a break resumption and breakout. I assume we have a bullish continue upwards as long as price plays above or...