Ecad pullback to short**Find out more from my Tradingview Stream this week**
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Forex-analysis
Potential turning point for Audusd
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usd broke lower and retesting its supportAfter consolidating for a week + the usd broke lower but we saw it retesting the last support turned Resistance area. Will it clear that or reject?
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Eurusd at a level to have potential bounceI missed this out on my video just now. Anyway just take note that Eurusd is at a level of interest,looking at daily and h4 charts!
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Gbpusd at a interesting levelWatching for more clues to see if i want to long GU.watch..it might jus break lower as well.
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Usd trend up as mentionedUSD did itself justice to break up higher after its monday's pullback.Could see more upside,but let's get decent pullback then to long.
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AUDUSD downside potential (DAY 8)Day 8/100 TradingView Challenge
100 days in a row
Technicals:
- Break of 0.664 support
- Now retracing
- Pivot point for entry opportunity
- Extended target 0.658 support
Fundamentals:
USD: Market Fears over debt ceiling negotiations
USD: Positive data yesterday
USD: Risk Aversion
AUD: Negative Chinese data
AUD: Iron ore prices vulnerable
EJ potential reversal at key S
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UJ more on the upside, watch..Looking for setup to g on long 137.5 can be target or more.
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AN potential turn up?**Find out more from my Tradingview Stream this week**
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Potential turning point for EN
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Cadchf some correction might be there before resume downside...
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GBPJPY Technical Analysis 24.04.2023 1h chart– Previous Weekly candle closed Bullish at 166.820 creating new Weekly High for 2023, Daily closed small Bearish candle leaving a Rejection wick at the Previous Daily Support area.
– Buys on close above 167.180 targeting Daily Resistance at 167.500, Leaving Runners to the 4h / 1h Resistance at 167.750
– Sells on close below 166.590 targeting 15min previous Resistance formed during the London session on last Friday at 166.230, Leaving Runners to the 4h Support formed at 165.860.
– The probability for price retesting Daily Support formed on Friday 14th April 2023 is High knowing the last 4 weekly candles closing Bullish and we haven’t had any price retest to the previous broken Weekly Resistances on the left.
XAUUSD Technical Analysis 20.04.2023 1h chart– Previous Daily candle closed Bearish at 1994.700 forming Daily Resistance at 2005.100 as Wednesday Daily candle made a low at 1969.300 tapping into the Weekly Support formed from the beginning of the Month (April).
– Buys on close above 1997.400 targeting 1h Resistance at 2004.500, Leaving Runners to the Weekly Resistance formed at 2008.500.
– Sells on close below 1988.700 targeting 4h Support at 1980.100, Leaving Runners to the 30min previous weak Resistance formed at 1974.300.
– High Impact News day ahead for the US Dollar starting with Unemployment Claims, Philly Fed Manufacturing Index, Existing Home Sales, Treasury Sec Yellen due to speak about US-China Economic Ties at the Johns Hopkins University’s School of Advanced International Studies in Washington, We also have FOMC Member Waller delivering a speech titled “Cryptocurrency and Central Banks” at an event hosted by the Global Interdependence Center in Sarasota.
XAUUSDAs we can see that GOLD has broken the bullish trend line Support Zone, we are looking fro sells only when we get a confirmation.
We have shared boh BULLISH & BEARISH Outlook in the chart to predict the further movement.
Hoping to see clear direction Next week to get in the market.
Happy Weekend.
Cheers
Europeanbulls.
Usd downtrend not out of the woods..Should likely continue downwards based on higher timeframe...102.10 zone is a key area to clear if USD wants to head upwards
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Potential h&s on the h4?Watch 1.088 area**Find out more from my Tradingview Stream this week**
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GBPJPY Technical Analysis 10.04.2023 1h chart– Previous Weekly candle closed Doji Bullish at 164.400 leaving a Rejection wick to the upside, Friday Daily candle also closed Bullish respecting Daily Support formed on Thursday at 163.480.
– Buys on close above 164.250 targeting Daily Resistance formed on 5th April 2023 at 164.580, Leaving Runners to the 30min Resistance at 164.990.
– Sells on close below 163.820 targeting 4h / 1h Support formed at 163.550, Leaving Runners to the 4h Support formed at 163.200.
– Price have ranged overall during the Friday market session and could also possibly range on Monday as UK Banks will be closed in observance of Easter Monday.