Exoticcurrency
USDSGD - LongUSDSGD - Long.. Price has currently formed a double bottom at a key zone so depending on how aggressive you are you could enter now.
I am waiting for price to show some weakness so until it doesn't test a previous days lows, gives an engulfing candle or a nice hammer candle then i wont have a reason to enter.
Lets see how it plays out.
USDMXN BEARISH THEORYWe still below a daily trendline. So we should see more of a drop on this exotic?
See if this fits into your idea and follow if you like our ideas!
Regards,
FIBZ
Bullish Reversal on USDMXN (Positive RR of +2.27)USDMXN is coming out of a bullish reversal contraction which has found support at an important DC level 18.89460, only then can we focus on trading till the TP levels (green).
The main two resistances price action needs to break are 19.04180 and 19.12485.
TP #1 - 19.27560 ( pips 3299 / RR 2.27 ) our profit target
TP #2 - 19.36510 ( pips 4190 / RR 2.90 )
SL - 18.80055 ( pips 1450 )
USDSGD - Long Inverted H&SA nice inverted H&S pattern at a daily support level (channel)
Waiting for a break and possible retest of the kneckline and will be looking for opportunities to go long.
Will see how it plays out
USDMXN Bullish Head & Shoulders USDMXN Form Head and Shoulder Bullish Pattern
already broke down trend line and head of pattern on demand area @ 19.0190
Volume Profile show accumulation area before explosion
MACD showing Buy Signal
USDMXN Bullish USDMXN broke down trend line on H4 chart on accumulation area @19.1300
the same area was past support
Volume profile show strong attitude for this pair to be bullish till HVN area
MACD show buy signal
USDZAR BEARISH USDZAR broke up trend line and full down
up correction wave end now , 50% Fibo reject price
Strong key level also @ 15.0500 reject price
RSI on H1 show sell signal
volume profile show hard resistance on the same level plus it's Round number , which banks use it to change price direction
AUDCHF - Short?Price currently at trend line acting as our major resistance point on day chart. Two major support levels highlighted for potential TP's and SL should be kept around 250 pips above trendline.
USD/SEK AnalysisUSDSEK has been bullish for some time at its all time high and it looks like the bears will eventually come through
1) First thing I noticed is a clear head and shoulders
2) My trendline was broken by a bearish candle which shows the supply for this pair
3) Looking for retracement and continuation to the downside. Fib level lines up perfectly.. Looking for price to retrace around 9.6-9.8
CHF/SGD 4-HOUR TIMEFRAME LONGPrices on the CHF/SGD broke out of a interim downtrend on the daily chart, and we can anticipate further upwards movement. Price could find support on the 1.3650 if it forms a correctional structure in the form of a bear flag pattern, and then continue higher. Proper risk management is key especially when trading exotic currencies since there are huge margin requirements and they can be very volatile.
USDMXN: Is There Someone Who Knows The Value ?Hey everyone!
I hope it was a great sunny weekend for everyone of you guys. Here in Germany it was beautiful, like this setup we are looking at. Found it during my weekend trading routine. USDMXN looks super clean from now as there was bullish momentum during the last week. Forming a peak high formation now with a divergence on the RSI could indicate another bearish momentum as before. The 0.786 fibonacci level, which is not that strong by the way, was also not broken strong. This will be the first trade of next week i think. Sad It is so exotic, because i do not even know how to count the pip value of this pair haha. If you know please let me know in the comment section. See you guys next time hopefully with another video analysis from my side!
short PLN after break and hold below 2018 lowOff the beaten track with an "EM exotic" trade.. and the first idea on this pair on tradingview
PLNHUF breaking and having repeated closes below 2018 low opening up a move down to 72 area and potential retest of 2017s low 70 area
USDTRY - the pleasure and pain will be mine.USDTRY is a very tricky exotic pair to tackle. The exotics on the whole are erratic and offer may traps and false breakouts. This is a dangerous pair and not recommended for those without experience of exotics.
On this occasion I'm departing from my system of 'rules' because I'm dealing with such a wild 'animal'. I have experience of exotics doing false breakouts against my favoured direction. I'm not saying there is going to be one on this occasion, but I'm prepared for it.
I stand to take loss which is acceptable. Notably most Tradingview posts are about good news in terms of positive expectations (whether long or short); not about losing positions. This is not surprising, is it? There is an unconscious need to present mainly good positions. I'm breaking the mould. I'm not afraid to show that I can lose.
USDZAR - D1Looking at this exotic pair, I believe it has the potential to go bearish but that will depend on whether the retest goes our way.
I believe that this trade will become bearish. Your Stop Loss should be set just above your recent high at 14.74 with your first Take Profit set at your first resistance/support line - 14.11
PLEASE FOLLOW AND LIKE MY IDEA, ALSO CHECK OUT MY PAGE FOR DAILY UPLOADS.
PRESSURED TRY SEARCHING A HOLE TO BREATHEExotic currency to watch for ---> South African rand USDSAR, Mexican Peso USDMXN and Turkish lira USDTRY
TRY is heading the record highs following shaky political situation in Turkey. President of Turkey is expected to put pressure on Central Bank and supply cheap USD to let sinking TRY breathe!
Long term bullish on USDTRY but we might see a retrace from higher levels
Watching the action and getting ready to short!
Exotic USDZAR buyPrice is now at a monthly level. I usually take this to mean a strong reversal is imminent. Reactions from monthly levels can be traded intra day for short term gains or even held for a few days. Price is at a sweet spot between the 61.8 and 78.6 fib levels and the bearish market structure has been broken significantly. Looking to enter about now and target the 14.72817 level.
USD/ZAR 1H Chart: Channel UpUSD/ZAR 1H Chart: Channel Up
The American Dollar is strengthening against the South African Rand in a short-term ascending channel.
The pattern started to form two days ago after a sharp appreciation of the Greenback by 1.8%.
Since there were no fundamental events that day, the surge most probably was attributed to combined support level set up by the 55-, 100- and 200-hour SMAs as well as the weekly PP at 12.9962.
At the moment, the currency exchange rate is approaching the channel’s bottom boundary that is backed up by the weekly R2 at 13.2383 and the monthly PP at 13.2254.
The pair is expected to make a rebound and resume the surge with the ultimate goal to reach the weekly R3 located at the 13.3730.
U.S Dollar against the Mexican Peso Cup and handle Pattern 1DI am waiting to pierce and confirm first but here maybe a cup and handle pattern.
I am using others Indicators to confirme a long term trend. ( RSI, CCI, 1 SMA and Bollinger Bands, On balance Volume, ADX and watching ATR also )
So if it confirms as I want with chart pattern + some indicators I will go long 2 Units.
TP 1 : Sell one unit
TP 2 : Sell second unit
So if first TP is hit I wil be freerolling for the long term trade.
I will keep updating !! Have a great one !!
