KaniSivan

KaniSivan

Fibonacci ratios are frequently used to anticipate the length and retracement levels of ABC waves: Wave B: Traders often look for Wave B to retrace 38.2%, 50%, 61.8%, or other Fibonacci ratios of Wave A. Wave C: Traders often look for Wave C to be equal in length to Wave A or related to it by a Fibonacci ratio (e.g., 1.618 times the length of Wave A). Follow Chart

KaniSivan

The turtle soup strategy identifies potential trading opportunities by looking for patterns where price briefly breaks above or below a short-term high or low before reversing direction. To use this strategy successfully, traders must analyze charts to identify areas of high liquidity, such as order blocks, fair value gaps, and relative equal lows, at different...

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CHFJPY BullishThis currency pair is still bullish, now bulls are ready to make new Higher high, Waiting for a buy signal on lower timeframe.

KaniSivan

The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the USDCAD shows the buy signal, and 1 month rating is strong buy. See more of USDCAD technicals for a more comprehensive analysis.

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EUR/USD struggles to stage a rebound on Friday and continues to trade below 1.0400 following Wednesday's sharp decline that was caused by the Federal Reserve's hawkish tone. Investors await November PCE inflation data from the US.

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bigger picture, up trend from 1.2005 (2021) is in progress. Next target is 61.8% projection of 1.2401 to 1.3976 from 1.3418 at 1.4391. Medium term outlook will remain bullish as long as 55 W EMA (now at 1.3706) holds, even in case of deep pullback.

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Overnight GBP/USD expiry now includes the Bank of England and U.

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It also means that should the US dollar continue to strengthen and the yuan weaken, AUD/USD runs the real risk of moving below 63c. The 10-day SMA is capping as resistance and makes a likely area for bears to reload, unless the Feed deliver a dovish surprise to send AUD/USD higher.

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The general outlook for this year remains optimistic with three major Australian banks expecting the value of the Australian Dollar to increase by the end of 2024. NAB's Australian dollar forecast is predicting the AUD will trade at 0.73 USD by December 2024.

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The bullish trend is currently very strong on EUR/NZD. As long as the price remains above the support at 1.8050 NZD, you could try to benefit from the boom.

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GBPJPY OrderFlow Analysis - Intraday bias in GBP/JPY remains neutral first. While recovery from 188.07 might extend, further decline is expected as long as 55 D EMA (now at 194.07) holds. On the downside, below 190.33 minor support will turn bias to the downside for 188.07, and then 183.70 support. Thank you

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The Australian Dollar (AUD) against the Japanese Yen (JPY) is an exciting pair for its relation to risk. The pair is often among one of the most highly correlated pairs to price action in US equities on a short to medium term basis. The pair generally tends to rise in a low risk environment on carry flows while the opposite is true when we see a 'risk-off'...