🔸Hello traders, let's review the 8 hour chart for GBPCHF today. Previous trade setup was on sell side, target hit +400 pips, congrats if you followed. feel free to review original trade setup below. 🔸Currently risk/reward is shifting in bulls favor as we are trading near key bullish levels, however one final pullback possible/likely before reversal. 🔸Recommended...
Daily Analysis EURUSD range trading opportunity, DXY ABC corrective pattern or WXYXZ, EURGBP update Daily Analysis 09-August-2023 DXY EURUSD EURGBP In this video I explained the possible development of the Dollar Index, EURUSD, and EURGBP. The market is focused on the CPI data from the U.S. and as I explained we are not expecting changes. This may create a...
We have no strong confirmation yet to go swing long on USDCAD. It is yet to be decided.
EURUSD / 4H Hello traders, welcome back to another market breakdown. EURUSD has been trading in a down bullish trend. However, the price formed a wedge pattern on the weekly with a sharp drop, the price is now at support level which might offer a nounce. I'll be also looking to short it for the second leg down. Trade safely, Trader Leo
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.47700 zone, EURCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.47700 resistance area. Trade safe, Joe.
GBP/JPY lacks momentum while making rounds to 182.70-80 during early Wednesday in London, fading the two-day winning streak. In doing so, the cross-currency pair juggles multiple risk catalysts and the fears of the UK’s economic slowdown, as well as mixed central concerns, during the sluggish markets.
NZDUSD is in a correction phase. While the price is near the key support zone 0.60077, a short-term rebound is expected. >> GooD Luck 😊
Hy team we are here to update about AUDUSD. AUDUSD has breaked the main Trendline and now this is getting a good volume. Here it has maximum Chances we can see a good Bullish wave. Keep in touch we will update further soon.
EURCAD is trading in a bullish trend. After the price set a new high in July, the market started a correctional movement. The price perfectly respected 1.45 support. A strong bullish wave initiated from that and the market managed to violate a local horizontal resistance. It will most likely trigger a further bullish continuation. Next goal - 1.4835 ...
Examining the Monthly and Weekly charts, it's clear that this pair is on the verge of some critical areas on the higher timeframes – an exciting potential for spotting favorable selling opportunities. The first hotspot revolves around the Monthly resistance area at 1.822. Remarkably, just yesterday, the price came incredibly close to tapping this level. It's...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few days ago bounced from the seller zone, which coincides with the 1.1125 resistance level to the 1.1035 current resistance level. After this price tried to back up, and even made a fake breakout of the 1.1125 level, but at once rolled down until to 1.0945...
The market made a complex pullback, and later it bounced off the support level. The price is moving in a range in anticipation of the news. It will probably range until tomorrow. Therefore, price action might move between support and resistance areas of 1.09300 and 1.102500. I expect rpllback to support level and move upward to retest the border of the range. My...
🔸Hello traders, let's review the 8 hour chart for AUDUSD today. Ongoing distribution in progress since March 2023, currently breakdown detected, expect further losses. 🔸Aussie dollar under fresh sell side pressure recently also going into August weak seasonality based on past 10 years of data, therefore expecting fresh losses since the distribution range is...
USDJPY after the test of the 138 area is creating a higher high higher low move. The price after the last high has retraced at the 0.382 and is now possible creating a new high. According to Plancton's strategy IF the market will break above we can set a nice long order.
Hy team we are here to update about CADCHF. CADCHF is at a strong support level. Here we can see a good Bullish wave. Now we are looking for a breakout. After this we can see price around 100pips+ keep in touch we will update further soon.
EURGBP: Price May Bounce Back From 0.8600 During the previous week, the price reached our first target. The bullish volume created during the BOE interest rate decision and the dovish comments pushed the price up but for a short period of time. Actually, the price is back in the zone again and the chances are that it may grow from the support zone near...
FX:NZDUSD is declining in the format of a bearish wedge. Within the pattern, the price may test the key support, but what to expect from the price further? The support level of 0.59939 is the lower boundary of the global flat. There are no signals to break the support now, a retest of the level is formed after 2 months, the liquidity area will not allow to...
Dear Traders, hope you are doing great, we have update on GBPUSD, price is still in bullish range. View on DXY is bearish alongside GBPUSD has formed AB=CD pattern indicating a further upward movement.