The Weekly candle has touched into 1.1012, only 12 pips from our weekly resistance level 1.1024. On the daily timeframe we can observe a bearish candle Shooting star rejection candle is forming and price is currently below our 1.098 Daily S/R Zone. On the 4Hr timeframe we can observe price having issues with the 1.0995 4Hr Supply zone. The 2nd London 4hr candle...
Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Continued buys from 1.096 or 1.093. We look for a continuation of buys after yesterday's analysis. We saw a significant breakout of the slow bearish correction we were in with new intraday highs created. Today I will be looking for corrections to the levels I've mentioned above for further buy opportunities. Fundamentals Jerome Powell's speech that came out...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that a few days ago the price started to fall inside a downward channel. In the channel, price broke the support area and current support level and continue to fall to the buyer zone, thereby making a fake breakout of 1.0680 support level. After the fake breakout, Euro...
Preferred direction: BUY Comment: Market participants are waiting for the decision of the Bank of England on the interest rate, that, according to analysts' forecasts, is likely to be increased. Today, the rate has already been raised in Switzerland, and most likely the UK will also continue to raise, as there are reasons for that. Technically, the instrument...
My chart shows that potentially there will be incoming big news, either from the US or Europe. What news? I don't know. EURUSD has been crashing since May 2021, approximately 17 months. A potential substantial falling wedge pattern is forming on the weekly time frame (Chart attached below). If the price rejects the bottom falling wedge line, I reckon EURUSD...
Preferred direction: BUY Comment: The New Zealand dollar has been moving quite confidently towards the local resistance at the level of 0.62359, and it is expected that it will not stay at this level for a long time. Upside potential locates higher at the level of 0.62907. There, with a high degree of probability, the instrument will turn around for a...
Price is currently at our sell entry at 1.0997 that aligns with 78.6 Fibo retracement and 61.8% Fibo projection level. Our stop loss will be at 1.1060. Take profit level will be at 1.0909 which is an overlap support level that aligns with 23.6% Fibo retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’,...
Preferred direction: BUY Comment: The bullish mood for the pair continues, the target remains the same at the level of 1.10677. Most likely, after a short consolidation, the upward movement will resume. Thank you for like and share your views!
Yesterday's fundamentals strongly support EURUSD. The price successfully violated a key horizontal daily resistance. Bulls will most likely keep pushing the pair now. Next resistance - 1.106 ❤️Please, support my work with like, thank you!❤️
EURUSD has breakout it's bullish flag pattern and could reach it's final target on 1.10919. But before that, we can potentially see EURUSD retest on the latest resistance level before continuing it's bullish trend. What do you think?
In a strong bullish move, the EUR/USD experienced a surge on Wednesday, climbing from 1.0915 to 1.0989, reaching its highest level in a month. This upward momentum was primarily driven by the Euro's outperformance and a weakened US Dollar, influenced by lower Treasury yields. Federal Reserve Chair Powell's comments during this period provided no unexpected...
Hello traders. Have you got plan gd for EU ?? Let's see Photrading's plan for EU Sell Set Up ENtry : 1.0991 SL : 1.09952 TP : 1.08495 Control your trade when it's reach to 2RR Happy trading!
Yesterday EurUsd had a strong bull day and since the start of June, the pair is in a clear downtrend. However, at this moment EurUsd is facing an important resistance and a correction could be next. This correction could offer a nice and for buys and yesterday's congestion slightly above 1.0920 could be the place where we can look for opportunities. In conclusion,...
Dear colleagues, I anticipate that the price will reach the resistance area of 1.10500, as I expect another impulsive movement! Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The surge of fake news circulating in the media realm seems to have an unconventional impact on the currency markets. In a seemingly counterintuitive scenario, there is increasing evidence that the prevalence of fake news may be fueling a bullish trend for the Euro (EUR). As misinformation spreads, investors often seek security in more stable and regulated...
SO SORRY! The previous forecast was labeled as "gold".... Dear colleagues, the price has broken out of the triangle pattern. It is likely that the price will reach the resistance area at 1.09979. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
On USDJPY, we have a price that, after consolidating around 141.70 following Powell's remarks, has introduced two possible scenarios. The first scenario is a long one, with a breakout of the 142.30 level, a potential rebound in the demand zone, and further long positions. The second scenario, on the other hand, involves a break of the 141.30 level, a rebound in...