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Candlestick Analysis

Usdcad bearish entry level🌟 USDCAD Analysis 🌟 I shared this last before it got to the entry. We've seen a strong uptrend in #usdcad for a while now, but what's next? 📈 ✔️ Double high formation ✔️ A nice bearish engulfing pattern breaking out of the trend Now there is a retest on the trendline, and then it's time to buckle up for a bearish loooong ride! 🔥 Let's see how it plays out and if the bears can take control! 🐻 Note: This base on technical factors Two very high impact news this week, PPI and CPI
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by Goodnessawe
USD/JPY: Signs of Exhaustion Amid Yield and RSI DivergenceWhile USD/JPY remains strongly correlated with yields in the belly of the US Treasury curve, that’s not translated to explosive upside recently, a noticeable departure from the trend seen in previous months where rising yields saw dollar-yen rip higher. With the pair unable to hold gains despite the blowout nonfarm payrolls report last Friday, the price action hints of fatigue following the substantial bullish run from the September lows. The inability to follow US Treasury yields higher may also be a sign carry trade flows may be slowing or even stalling. RSI (14) has diverged from price over the past month, and with MACD generating a fresh bearish signal, it points to waning bullish momentum, potentially increasing the risk we may see some form of bearish reversal. With dips below 157 bought over the calendar turn, the risk-reward of going short around current levels does not screen as compelling, suggesting those considering bearish trades may want to wait for a potential retest of Friday’s high of 158.88 before initiating trades. If the price were to be rejected again at this level, it would generate a decent setup, allowing for shorts to be established beneath the level with a tight stop above for protection. 155.89 would be a potential trade target.
Short
by FOREXcom
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XAUUSD 12/1/24XAUUSD remains our second pair as usual. Orion is clear as always, giving us a bullish bias to target the highs. Similar to EU, we only have one high to aim for, so the options are the same as mentioned in that write-up. We could pull back from the current position, creating a new low in the process, which would lead us into the lows and present a long entry opportunity in line with the bias. Alternatively, we might take the high first and then drop down into the lows, which would also provide a potential long entry. Overall, we are anticipating a higher shift and need to monitor the lows for this to materialize. Follow Orion, stick to your plan, and manage your risk properly.
FX:XAUUSD
by PipSurfingSociety
EURUSD 12/1/24Starting the week with our clear bias and understanding of what we aim to trade on EUR/USD. This bias and understanding are, as always, brought to us by Orion, providing precise bias, points of interest, and entry areas. This week, we observe institutions once again driving the market downward, and we plan to follow this flow. Based on the current market conditions, we are presented with a target low and a major collection of highs, creating a strong area to watch for bearish momentum to return. The game plan is simple: look for a new low to form, giving us targets to aim for. If this happens, watch for the highs to be taken out, which will align us with our short bias. Alternatively, if our current target is reached first, we’ll shift our focus to the highs, providing opportunities to target new lows as the market retraces back to these areas, keeping us in line with the short bias. Follow what price action shows you and, as always, trust Orion. Stick to your plan, follow your rules.
by PipSurfingSociety
AUD/USD Is Crashing—Don’t Miss This Massive Opportunity!In this analysis, we dive deep into the AUD/USD pair, highlighting its ongoing bearish momentum and key levels to watch. Starting from the monthly timeframe, we explore the AUD’s struggles against the USD, identifying a strong bearish close in December and potential continuation downward. Key Highlights: • The Aussie Dollar has been in a 14-week downtrend , with the .6130 support level now in focus. • On the H4 timeframe , we’re looking for a pullback to areas like .6180 or a liquidity sweep around .6200 for potential sell opportunities. • Why the USD matters: The Dollar Index (DXY) shows bullish strength with strong volume increases, higher highs, and key resistance levels broken. These indicate continued pressure on AUD/USD. Expectations: • A potential break of the .6130 support level with further bearish movement as the USD strengthens. • Watch for reactions at key levels and pullbacks before entering short positions. If this breakdown was helpful, boost the post, share it with your trading circle, and let us know in the comments what pair you’d like analyzed next. Let’s keep dominating the markets! 💼📊 #AUDUSD #ForexAnalysis #TradingInsights #DXY
Short
by BlueOceanFxAcademy
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