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AUD/JPY giving mixed signals with bullish bias to 96.02There are two formations that is showing bullishness (price wise) First there is a small recent W Formation, which the price has broken out of the neckline and is currently coming down to test it. Second, the price broke up and out of a medium term downtrend. It looks like there might be a conservative entry if we get a bounce up on it. Technically. 7>21 MA but still <200 MA (Mixed) RSI >50 but about to test the crucial median level. My target is 96.02 but I am feeling wary with the mixed signals.
Long
by Timonrosso
ETHUSD can buyers follow up on Yesterday's rally?Hi, and welcome to today’s update. Today we are focusing on ETHUSD after yesterday’s solid rally. Today’s format is slightly different as we use a double CCI method to analyse the current price action. These methods are nothing new and are primarily used to validate trend continuation ideas. Indicators, whether you love them or hate them, are just tools. We still need to look at price stricture and levels to gauge the whole picture. Take today’s report. The MA and CCis point to a potential long position, but we still need to see buyers break yesterday’s high to show buyer momentum is back on track. Just after that point, buyers face key resistance at 1665. Yesterday’s bar broke out of the minor retracement, but we still need to see fresh buying to confirm a new push higher is happening. We have run over these aspects in more detail in today’s video. Don’t agree or want to add something? Please feel free to drop us a comment.
EIGHTCAP:ETHUSDLong
by Eightcap
USDCAD: Testing the most important SupportThe USDCAD pair reached the Higher Lows trend line for the first time since August 11th, which has been supporting the bullish trend for the past 6 months. The 1D technical outlook decpits the medium-term bearish correction (RSI = 39.227, MACD = -0.004, ADX = 28.712) but it can't continue unless the HL break. Since it has been the strongest Support of the past 6 months, there are higher probabilities to see a rebound, at least back to the 1D MA50, if not the Lower Highs trend line. Then R1 (1.36900) comes into play. A break under the HL is not enough on its own for a short as the S1 (1.32250) level and the 1D MA200 are ready to support. We require a break under both to justify a longer term short, which will be aimed at S2 (1.29650). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
USDJPY: Reached the top of the Channel. Rejection possible.The USDJPY pair has reached the top of the Channel Down after a a rebound two weeks ago near both its bottom and Support 1. The 1D technicals remain bearish (RSI = 43.265, MACD = -1.260, ADX = 20.176) prompting to a continuation of this downward trend. The short-term target is Support 1, with a break below it capable of inflicting an extension as low as the bottom of the Channel Down. In the same way, a break above the Channel Down is technically capable of testing the 134.475 - 134.750 Resistance Zone where a Double Top wa previously formed, or at least the 1D MA50, which has been unbroken since November 10th. The RSI's Rectangle can be a guide for buying/ selling inside the Channel Down. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
2
EURUSD Channel Up intact. Those are our triggers to trade.The EURUSD pair remains bullish long term as the 1D technicals are all green (RSI = 67.498, MACD = 0.008, ADX = 42.429) and the Channel Up since the middle of November intact. Right now the price is supported by the 4H MA50, which is our Bearish trigger. Under it we sell with TP = 1.07200 (bottom of S1). The Bullish trigger is over the top of the Channel Up, above which we buy with TP = 1.11800 (under March 31st High). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
4
AUDJPY Analysis Post BOJ Yen moveAUDJPY jumps after BOJ leaves yield curve range untouched. Hi, and thanks for looking at today’s update. Today we are analysing the daily AUDJPY after the BOJ left the yield curve as is after last month's shock adjustment. The market may have been looking for further moves today, which might be why we saw heavy selling on the Japanese Yen. Today’s video analysis runs over the last move price action after the shock sell-off and today’s rally. Are a series of higher lows starting to tell us that the market is trying to start a new trend? Today buyers have beaten the range, but we would like to see 91.70 and 93 beaten to show buyers have a new trend underway. Enjoy your Wednesday, and good trading.
Long
by Eightcap
GBPUSD 1.4500 long-term targetTwo patterns have been spotted on GBPUSD: an Inverted Head and Shoulders that formed the market bottom on September 26th and a Channel Up that is guiding the price higher. The 1D technicals are marginally above neutral levels (RSI = 55.748, MACD = 0.004, ADX = 34.526), indicating that there is still considerable upside potential. The price is testing the 1W MA50 for the second time since Dec 15th. The Lower Highs Resistance (LH) is technically the level to beat for the Channel Up and if that happens we will buy into it and aim for the 1W MA200. The Channel Up won't last of course for long but based on the Inverted Head and Shoulders structure the 2X target for the long-term is 1.4500. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
Long
by InvestingScope
3
EURUSD: 4H MA200 bounce, currently 4H MA50 as ResistanceYesterday's buy is so far working out perfectly as EURUSD bounced exactly after touching the 4H MA200 (1.05278) and just hit the 4H MA50 (1.06355), which is the short-term Resistance. I am now booking my profit as it is substantial for one day and with the 4H technicals turning from oversold to neutral (RSI: 47.296, MACD: -0.002, ADX: 37.053), I will either buy upon a pull-back at 1.05380 or after a 4H candle closes above the 4H MA50. Again, if the price closes below the 4H MA200, I will take that small loss and open a sell targeting the 1D MA50 (1.03843 and rising) which as I've mentioned many times is the long-term Support and buy entry for me. My attention fundamentally is on the FOMC Meeting Minutes today and more importantly the Non-farm Payrolls on Friday.
Long
by InvestingScope
1
FOREX 101 - 4 TYPES OF LOT SIZES.What is a lot? A ‘lot’ is a measure of a transaction amount. It’s the minimum number of units of the base currency that you can buy or sell. This gives traders more control over the exposure per trade. There are four main types of Lot Sizes. Lot size #1: Standard lot = 100,000 units of base currency Risk per pip =$10 per pip Lot size #2: Mini-lot = 10,000 units of base currency Risk per pip = $1 per pip Lot size #3: Micro-lot = 1,000 units of base currency Risk per pip = $0.10 per pip Lot size #4: Nano-lot = 100 units of base currency Risk per pip = $0.01 per pip Did you find this helpful? Let me know in the comments so I can do more Forex 101 tips. Ask any trading questions too :) Trade well, live free. Timon MATI Trader
Education
by Timonrosso
2
AUDUSD bounces back, but price remains rangebound. What a turnaround we are seeing today after yesterday's sell-off. Basically, a mirror image after sellers knocked 1.06% off after the morning's gap lower. Today buyers have added 1.21%, eclipsing all of yesterday's losses. Bullish engulfing? Yep, it looks that way at the moment, and support looks firm at .6645. Yesterday's low has also set up a new higher low. Yes, today's price action is bullish, but buyers still have .6770 resistance to beat, and that area has held firm since mid-month. We could also be seeing an ascending triangle pattern forming, so if we see price continue to consolidate after test .6770, this could confirm that pattern idea. Depending on what happens from now until Friday, we still feel that Friday's US employment data could be the influence that has the highest probability to break some of the stalemates. The data will be released Saturday morning at 12:30 pm AEDT. Good trading.
by Eightcap
USDJPY LONG MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . USDJPY Multi-timeframe analysis Daily view (structural timeframe) : It has taken support from Ascending trendline. 4 hour (behavioural timeframe) : It has given Break of structure with strong bullish impulse. 1 hour (entry timeframe) : It has made Falling wedge pattern. . Wait patiently for breakdown of pattern and we could see upside continuation movement. Thank You !!!!
Long
by Twobrainztrader
EURCHF SHORT MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . EURCHF Multi-timeframe analysis Daily view (structural timeframe) : It has taken resistance from resistance on daily. 4 hour (behavioural timeframe) : It has given breakdown of "Rising wedge" with strong bearish impulse. 1 hour (entry timeframe) : It has made Ascending triangle. . Wait patiently for breakdown of pattern and we could see downside continuation movement. Thank You !!!!
Short
by Twobrainztrader
2
USDCAD LONG MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . USDCAD Multi-timeframe analysis Daily view (structural timeframe) : Multiple wick rejections on daily. 4 hour (behavioural timeframe) : It has made triple bottom and break of structure on 4 hour. 1 hour (entry timeframe) : It is now respecting a Trendline. . we could see upside continuation movement if trendline breaks and candle close. Thank You !!!!
Long
by Twobrainztrader