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AN turn lower as previously mentioned..now..I believe it would have more downside, but do take note of the minor support on the daily and could bounce to pullback before going down further. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
1
Still Holding Bearish... But for How Long...?This pair is bearish on the 1 hour and the 4 hour. We choose to limit ourselves to just the 4 and 1 hour charts for now; those are the charts we will be considering the most when taking our trades. On the 4-hour, we found a bearish push last week, and we were able to catch a bearish trade. We have held on to that position till now, believing that the market still has a bearish trend. On the 1 hour, we see the market in a bearish PB. The current bullish push has not been able to overthrow the bearish setup. We can see from the charts that the bullish push has come deep into our refined PB zone. We agree that the zone is threatened, but it is still yet to be breached. Until our Bearish zone is breached, we cannot say the bulls have taken over, and as such, we will still hold on to our bearish perspective. Now for the further analysis: We hope to see the bearish zone hold. Where it holds, prices are expected to drop bearish toward the 1-hour liquidity target. Where our expectations fail, we will see our zone breached. In that circumstance, we hope to see prices soar higher for a bit to give us a deeper retracement into the 4 hour PB. From there, we will hope to see a deeper retracement reversal, after which the market will be expected to run the 4 hour liquidity target below.
Short
by PanzyPips
4 Hour Liquidity Target Hit after 3 Days of WaitingIn the preceding days, we conducted an analysis of this pair. Among the things we found on the first day of this week was that this pair was Bearish. Our analysis revealed that the market was heading Bearish to hit the 1 hour and 4 hour liquidity targets. Two days ago, on Tuesday, we saw the market go on to hit the 1-hour Bearish liquidity target. Even though the 4-hour target was a few pips away, the market did not hit it. It rather saw a Bullish pullback that came with so much momentum to upturn the Bears and turn the market Bullish on the 1 Hour. As always, there was a temptation to take the Bullish turn, but we took it only monentarily, remembering that that Bullish impulse on the 1 hour was just a pullback/retracement on the 4 hour timeframe. And so even while we were looking to buy, we had our fingers crossed that the maket would again turn Bearish in the direction of the 4 hour. Yesterday, we witnessed the market turn bearish on the 1-hour TF. I took out our PB and completely invalidated our Bullish setup, but this was after we had caught 1 successful swing on the 1 hour TF. Switching Bearish on the 1 hour, we re-analyzed the charts to see a clear direction. With the 1 hour and the 4 hour timeframes looking bearish as of yesterday, we were sure the price was ready to take out our 4 hour liquidity. Looking at the chart this morning, I can see that the market has dipped far enough to take out our 4-hour liquidity, following which it has commenced a Bullish pullback. On the 1 hour and the 4 hour, we are Bearish. Our trade setups disclose 1 hour and 4 hour TFs having Bearish PBs. We will look to trade these, marking out our zones for reversal, and enter our trades using one of the several entry methods taught at the PanzyPips Academy.
Short
by PanzyPips
UsdChf watch out for rejectionTechnically Uchf came back to its R zone, 4 up candles on daily so far. careful with this zone. or the uptrendline later on. Of coz act accordingly as PA unfolds over the week. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
A little Bit of Bullishness in a Bearish MarketWe have seen this pair progress Bearish over the past few days. On the 4 hour and the 1 hour charts, which would be our primary focus for this analysis, the market has been Bearish. But today we have seen a trend shift on the 1 hour. the 1 hour chart has turned Bullish today. Taking a close look at the 4 hour (using the multi time frame analysis taught by Panzy Pips fx), we see that the 4 hour has completed 1 down PB and is not retracing Bullish. That is the bulishness we are witnessing on the 1 hour. We are expecting this bullishness to hold monentarily to help give us the needed retracement on the 4 hour bearish swing. In another analysis, we will look at the 4 hour from the retracement perspective, marking out our PB and refining it to our reversal zone. And in yet another analysis, we will look at the market from the current bullish perspective as played out on the 1 hour. The essence of the 1 hour bullish analysis is to see how far we would expect the retracement to go, comparing it with our refined reversal zone of the 4 hour. With these pieces of information, we should be able to have a clear direction of market movement, with an added advantage of narrowing it down to actual reversal zones.
Long
by PanzyPips
6
It's Never too Late to Catch the RollerCoasterFrom our analysis of this pair from yesterday, we had a prediction of this pair melting all the way down to hit the Daily Liquidation Target. For those of you who were able to catch the trade from when i sent out the setup, thumbs up to you as you sure have made a good 1:25 RRR on the trade so far, if you trade with tight spreads like i do. But for those who didn't, what can i say? Should i say sorry you missed the train. Better luck next time? That is definitely one way around it. But more there is sure is another way around it this time. More often than not, the market afords us an opportunity to enter on or join an already moving trend. This is done when the market gives pullbacks/retracements. All you have to do is time your entry. It just like surfing the waves on the ocean; you miss one, you get ready for the next.
Short
by PanzyPips
EURAUD some more upside to 1.686?Eur has been pretty strong past period against aud, has been in my watchlist /tradelist as well. Should have bit more upside. Let's see **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
3
Gcad downwards move,more likelyMore downwards move on Gcad. I have mentioned about Eurcad last week. This time right, I am seeing more weakness on Gcad.Let's see what happen next week **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
Euraud more upside to come?Watching for it to break up higher from here, let's see.It might also sideway or go lower to test the up trendline... **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
1
Usd uptrend still intactNear term still bullish on USD, simply put, pullbacks will be opportunity for me to go long .So yup, bias on Majors to still go down. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
TVC:DXYLong
by Shadowing_The_Big_Boys
USD/CAD: Resistance Levels to Watch in the Short TermUSD/CAD Fundamental and Technical Analysis for 28 September 2023 Fundamental Analysis The Canadian dollar has been under pressure in recent weeks, falling to its lowest level against the US dollar in over two years. This is due to a number of factors, including: Higher US interest rates: The Federal Reserve has been raising interest rates aggressively in an effort to combat inflation. This has made US dollar assets more attractive to investors, leading to a sell-off in the Canadian dollar. Weaker oil prices: Oil is Canada's main export, and a decline in oil prices can have a significant impact on the Canadian dollar. Oil prices have been falling in recent months due to concerns about a global recession. Risk aversion: Investors are becoming more risk averse due to the ongoing war in Ukraine and the rising cost of living. This is leading to a flight to safety into US dollar assets. Technical Analysis On the technical charts , USD/CAD is in a bullish trend. The pair has broken above its downtrend line and is now trading above its 200-day moving average. This suggests that the bulls are in control and that the pair could continue to move higher in the short term. On the 30-minute chart, USD/CAD is facing resistance at 1.3600. If the pair can break above this level, it could target 1.3650 and 1.3700. On the downside, support is at 1.3550 and 1.3500. On the 4-hour chart, USD/CAD is facing resistance at 1.3650. If the pair can break above this level, it could target 1.3700 and 1.3750. On the downside, support is at 1.3600 and 1.3550. On the daily chart, USD/CAD is facing resistance at 1.3700. If the pair can break above this level, it could target 1.3750 and 1.3800. On the downside, support is at 1.3650 and 1.3600. Overall Outlook The Canadian dollar is under pressure against the US dollar due to a number of factors, including higher US interest rates, weaker oil prices, and risk aversion. On the technical charts, USD/CAD is in a bullish trend. The pair is facing resistance at 1.3600 on the 30-minute and 4-hour charts, and at 1.3700 on the daily chart. If the pair can break above these resistance levels, it could continue to move higher in the short term. I hope this post is helpful. This analysis represents is based on the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
by YExplore
AUD/JPY: A CURRENCY PAIR IN THE SPOTLIGHTKey fundamental factors to watch for in the AUD/JPY currency pair: Australian economic data: The AUD is sensitive to data releases such as GDP growth, unemployment rate, and retail sales. Positive economic data releases tend to boost the AUD, while negative data releases tend to weigh on the currency. Japanese economic data: The JPY is sensitive to data releases such as GDP growth, industrial production, and inflation. Positive economic data releases tend to weigh on the JPY, while negative data releases tend to boost the currency. Risk sentiment: The AUD/JPY currency pair is sensitive to risk sentiment in the global market. When risk sentiment is strong, the AUD tends to rise against the JPY. When risk sentiment is weak, the JPY tends to rise against the AUD. Interest rate expectations: The AUD/JPY currency pair is sensitive to shifts in interest rate expectations between Australia and Japan. If interest rates are expected to rise in Australia relative to Japan, the AUD tends to rise against the JPY. Technical Analysis 30-Minute Chart The AUD/JPY currency pair is currently trading in a bullish trend on the 30-minute chart. The price is above the 50 and 200-period moving averages, and the MACD indicator is above the signal line. The RSI indicator is also above 50, which indicates that the pair is not overbought. According to the Elliot Wave Theory, on the 30min chart, we are now forming a Wave C on the downside. If the analysis is valid, the marked levels (or around them) will be touched and then the downtrend will continue for a short-medium term, before the market resumes its uptrend, forming a next impulsive wave on the upside. Key technical levels to watch on the 30-minute chart: Support: 95.059, 95.132, 95.173 Resistance: 95.246, 95.278, 95.351 4-Hour Chart The AUD/JPY currency pair is also trading in a bullish trend on the 4-hour chart. The price is above the 50 and 200-period moving averages, and the MACD indicator is above the signal line. The RSI indicator is also above 50, which indicates that the pair is not overbought. Key technical levels to watch on the 4-hour chart: Support: 95.059, 95.132, 95.173 Resistance: 95.246, 95.278, 95.351 Daily Chart The AUD/JPY currency pair is trading in a neutral trend on the daily chart. The price is between the 50 and 200-period moving averages, and the MACD indicator is crossing above the signal line. The RSI indicator is also at 50, which indicates that the pair is neither overbought nor oversold. Key technical levels to watch on the daily chart: Support: 95.059, 94.958, 94.857 Resistance: 95.246, 95.351, 95.456 Overall Outlook The AUD/JPY currency pair is currently trading in a bullish trend on the 30-minute and 4-hour charts. However, the pair is trading in a neutral trend on the daily chart. Bullish traders will be looking for a break above the 95.246 resistance level on the 30-minute and 4-hour charts. A break above this level could lead to a further rally towards the 95.351 resistance level. Bearish traders will be looking for a break below the 95.059 support level on the 30-minute and 4-hour charts. A break below this level could lead to a further decline towards the 94.958 support level. **Traders should also pay attention to the overall risk sentiment in the global market. I hope this post is helpful. This analysis represents the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day
Short
by YExplore
USD/CAD - Key levels to watchTechnical analysis The price is currently in a downtrend, please see the chart marks and the technical explanation below. 30-minute chart On the 30-minute chart, USD/CAD is currently in a downtrend. The price is below the 200-period moving average, and the relative strength index (RSI) is below 50. This suggests that momentum is to the downside. 4-hour chart On the 4-hour chart, USD/CAD is also in a downtrend. The price is below the 200-period moving average, and the RSI is below 50. This suggests that momentum is to the downside on this timeframe as well. Daily chart On the daily chart, USD/CAD is in a consolidation phase. The price is between the 50-period and 200-period moving averages, and the RSI is around 50. This suggests that there is no clear direction for the price on this timeframe. Conclusion Overall, USD/CAD is in a downtrend on the 30-minute and 4-hour charts, but in a consolidation phase on the daily chart. This suggests that the price is likely to continue to move lower in the short term, but there is no clear direction for the price on the longer term.
Short
by YExplore
Audchf broke up higher pullback for longs **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
Usd still bullish,but could see some headwindsUsd broke up higher into the green zone as shown on chart. Could face some strong R here. Just watch and act accordingly. Cheers! **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
TVC:DXY
by Shadowing_The_Big_Boys
Potential turning for Audchf?Watching it closer on h1 for next week... **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
Gcad could be starting to go higher after this pullback... **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys