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Eurusd analysis: rising wedge pattern Eurusd now trading at 1.0744 is now showcasing a rising wedge bearish pattern, the major resistance point of 1.0755-1.0765 can become a potential reversal point. the current economical crisis happening in Europe along with major financial scenario of petrodollar issue can make euro crumble a bit comparing to us dollar. we expect a bearish fall till 1.0720 and further down can go till 1.0680 area. Alternative scenario. a break above resistance point of 1.0770 can further enhance the upward correction of eurusd. for more such contents and market related updates boost follow and share us
Short
by realmillionairefx
2
USDCAD: Your Trading Plan For Next Week Explained 🇺🇸🇨🇦 USDCAD nicely bounced from a key intraday structure support yesterday. The price reached a resistance line of a falling parallel channel. I believe that the pair has a nice growth potential. To confirm that, I will be waiting for a bullish breakout of a resistance line of the channel. 4H candle close above that will confirm a violation. A bullish movement will be expected then at least to 1.373 Alternatively, a bearish breakout of the underlined support may push the prices lower. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
XAUUSD major support and resistance for the daysupport: 2348 2337 2327 2322 2312 2306 Resistance: 2365 2374 2388 2395 2404 2412 2421 The bottoming sign in the 1D timeframe is clear, but the upward momentum still falls short of expectations. If a strong uptrend forms today, we could see a high of 2,370 in the 1D timeframe, after completing this uptrend, we will then assess whether there will be a correction or if the bullish trend will continue. In the 4H timeframe, it is just lacking a bit of momentum for an uptrend. With another rise on Thursday to break through 2,342 and the Bollinger upper band widening, it will form a strong uptrend. This could lead to a significant surge, and combined with the target in the 1D timeframe, we could see a rise of about US$30 this week. like boost follow us for more market updates
OANDA:XAUUSD
by realmillionairefx
DXY H4 - Long SignalDXY H4 Support price of 105.100 held nicely. We seemed to bounce as we look to continue the bullish trend up towards that next target price of 106.500. Certainly possible, even maybe today if we gear up for more dollar bulls moving into the US session. We need to first sustain this break above the previous high, we have drawn the resistance (black line) marking previous H4 resistance. Possible retest (could offer entries for ***USD or USD*** pairs if they align).
TVC:DXYLong
by Trade_Simple_FX
XAUUSD TECHNICAL ANALYSISBoth Monday and Tuesday the market witnessed a ranging market between 2309 and 2332 area. today 19th June 2024 the us market is having a holiday so the market may lave low liquidity and may be high volatility. resistance zone: 2332- 2336 area. support zone : 2312-2306 area pivot 2322 as it is an area of high volume trades and also the 100 day moving average passes through this area. bullish targets: 2332 2336 2342 2348 2355 bearish targets: 2322 2318 2312 2306 2296 FOR MORE ANALYSIS MARKET RELATED NEWS UPDATES BOOST SHARE AND FOLLOW US
OANDA:XAUUSD
by realmillionairefx
xauusd analysisin the past fee days we can find that xauusd is accumulating in a particular zone of 2325-2332 area. where 2322 is showing a great resistance to the bull and a big zone for bearish reversal. SO WHAT WILL HAPPEN IF THIS ZONE IS BEEN BROKEN? See if this zone is broken xauusd will be tested at 2336 and if this is broken xauusd will go through resistance zones at various point including, 2348 2355 2366 2376 2388 2396. 2421. so eventually this zone can now considered as a pivotal point for the upcoming market movement. In the alternative scenario what will happen if xauusd again retraces from 2332 area? it will be falling to the support area as follows< 2312 2306 2295 2282 2282 2267 2240 Both the bearish and bullish speculations have 50:50 chance. like boost and follow us for more market related updates and news
OANDA:XAUUSD
by realmillionairefx
EURUSD: 2 Bearish Confirmations 🇪🇺🇺🇸 I see 2 strong bearish signals on EURUSD. After a formation of a strong bearish impulse, the pair started to steadily recover within a bearish flag pattern on a 4H. The price also formed the inside bar formation within the boundaries of the flag. Today, both the support of the flag and the range of the mother's bar were broken. It is a very strong technical confirmations. I think that the market may drop to 1.069 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
USDCHF BULLISH STRUCTURE 100 pipsThe USD/CHF pair recently formed a bearish channel, hitting the horizontal support trendline before showing a clear reversal pattern on the H4 chart, which is even more apparent on the H1 chart. The price has already broken out of the double bottom and is currently attempting to retest the neckline. I'm anticipating a retest within a continuation pattern, specifically a bullish flag. Within this bullish flag, I'm also expecting a reversal formation, either an inverse head and shoulders or a double bottom on the 15-minute timeframe, before entering a buy position. My target is to capture a 100-pip move.
Long
by fasthandfx
5
Bitcoin is about to make a large move!BTC has lost some key technical support levels. The weakness displayed in crypto has come while the stock markets have been incredibly strong Its never a good sign when you see BTC getting rejected at double top. The previous ATH at 69k seems to be really keeping price action in check. BTC has 2 channels converging around 57k - 59K. Don't be surprised if we see more sellers in the next couple weeks. Util we break the bullish neckline, the 94K price is only a dream.
BITSTAMP:BTCUSD
by Trading-Capital
1
Economic Indicators and DXY: Navigating CPI and FOMCHello Traders, In today's trading session, we are closely monitoring the DXY for a potential selling opportunity around the 105.700 zone. The DXY had been trading in an uptrend but recently managed to break out of this trend. Currently, it is in a correction phase, approaching the key retrace area at the 105.700 support and resistance zone. This level is crucial as it has historically acted as a pivot point for price action. However, it is essential to consider the broader economic context, particularly with two major events on the horizon: the release of the US CPI (Consumer Price Index) data and the FOMC (Federal Open Market Committee) meeting, both scheduled for tomorrow. The CPI data will be a critical indicator of inflationary pressures within the US economy. A higher-than-expected CPI reading (a hot CPI) would indicate rising inflation, which could prompt the Federal Reserve to adopt a more hawkish stance. This would likely involve tightening monetary policy further, potentially leading to a stronger US dollar. In this scenario, we would reconsider and likely cancel our short position on the DXY, as a stronger dollar would work against the trade setup. On the other hand, if the CPI data comes in softer than expected, indicating lower inflationary pressures, the Federal Reserve may lean towards a more dovish stance. This dovish outlook could involve maintaining or even easing current monetary policies, which would likely weaken the US dollar. A weaker dollar would support our bearish view on the DXY, making the 105.700 zone a favorable entry point for short positions. Additionally, last week's Non-Farm Payroll (NFP) report also showed robust employment numbers, adding another layer of complexity to the Fed's decision-making process. The interplay between strong employment data and CPI readings will be crucial in shaping market expectations and the Fed's policy trajectory. In summary, while we are looking at the 105.700 zone as a potential selling point for the DXY, it is imperative to stay alert to the upcoming CPI and FOMC announcements. These events will provide significant insights into the US economic outlook and the Fed's policy direction, both of which are pivotal for our trading strategy. Trade safely, Joe
TVC:DXYShort
by JoeChampion
9
Trade Like A Sniper - Episode 48 - HKDTWD - (18th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing HKDTWD, starting from the 3-Month chart. If you want to learn more, check out my profile.
Education
by Road_2_Funded