Get started

Forexanalysis

GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Once again we saw price range between the two structures. The retracement range is holding well with another retest bounce from the retracement range into 2036. As part of our plans, we used the support areas to buy dips perfectly inline with the levels. As stated yesterday market is ranging and leaving gaps both ways with 2020, 2016 bearish gaps open below and 2044 Bullish target open above. We remain Bullish and will continue to buy dips using the gaps below to ride up from support zones confirmed with our algo. We just need to keep in mind the range has now extended into the swing range when managing exposure against the range when buying dips and taking exits level to level rather than holding all the way. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2036 - DONE EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET 2044 2048 EMA5 CROSS AND LOCK ABOVE 2048 WILL OPEN THE FOLLOWING BULLISH TARGET 2055 BEARISH TARGETS 2030 - DONE 2025 - DONE EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE SWING RANGE 2016 - 2010 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
🚨USDCHF is Ready to fall🚨🏃‍♂️ USDCHF is moving in an Ascending Channel and is currently near the 🔴 Resistance zone(0.891 CHF-0.882 CHF )🔴 and 🟡 Potential Reversal Zone(PRZ) 🟡. It also managed to break the Uptrend line . 🔔I expect USDCHF to start to decline after entering the 🟡 Potential Reversal Zone(PRZ) 🟡 and at least break down to the 🟢 Support zone(0.874 CHF-0.871 CHF )🟢. U.S.Dollar/Swiss Franc ( USDCHF ) 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
3
EURCHF Analysis (➡️RR=2.05)🏃‍♂️ EURCHF is moving in the 🔴 Resistance zone(0.970 CHF_0.940 CHF) 🔴, 🟡 Potential Reversal Zone(PRZ) 🟡, 🟡 Time Reversal Zone(TRZ) 🟡and near the Resistance line and Upper line of Ascending Channel . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect EURCHF to start going down at least to the 🎯 Target 🎯 I have marked on the chart. Euro/Swiss Franc Analyze (EURCHF), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Short
by pejman_zwin
1
USDCAD BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
AUDNZD Will Fall✅ AUDNZD started falling well from the 🔴 Resistance zone(1.0712 NZD-1.0686 NZD) 🔴 and the Resistance line and was able to break the Uptrend line . 🌊Regarding Elliott wave theory , it seems that AUDNZD finished wave 4 at the🔴 Resistance zone(1.0712 NZD-1.0686 NZD) 🔴 and is completing wave 5 . 💡The important point is that AUDNZD has lost the Support line and Ascending Channel , which can be a sign of further decline . 🔔I expect the AUDNZD to continue falling and at least break to the 🟢 Support zone(1.055 NZD-1.046 NZD) 🟢. Australian Dollar/New Zealand Dollar ( AUDNZD ), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
GBPJPY: Thoughts and Analysis Pre-UK GDPToday's focus: GBPJPY Pattern – Breakout Support – 188.25? 186.14 Resistance – 189.88 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY on the daily chart. After what looked like a new breakout, sellers have started to test buyer confidence after news hit JPY traders yesterday. The question remains: will we see buyers hold the breakout and continue to push higher, or will we see sellers break through and possibly retest 186.14 support? Another factor to keep an eye on is UK GDP; it's due at 6 pm AEDT today. Good trading.
Long
by Eightcap
GOLD 4H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between a central zone of two structures with 2042 and 2053 as the resistance levels open for a test and 2028, as the retracement test level. We have resistance at 2042 and 2053 for Bullish targets and 2028, as our bearish retracement target. We will see price range between these levels until one breaks and locks to confirm the next range. A bearish test to support at 2028 and a break and lock below this level will open the swing range. However, support above this level will likely provide the bounce to retest 2042 Goldturn and 2053. A cross and lock above 2053 will open the range above. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2042 2053 EMA5 CROSS AND LOCK ABOVE 2053 WILL OPEN THE FOLLOWING BULLISH TARGET 2065 2080 BEARISH TARGETS 2028 EMA5 CROSS AND LOCK BELOW 2028 WILL OPEN THE SWING RANGE SWING RANGE 2010 - 1999 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX Mr Gold
FXOPEN:XAUUSD
by Goldviewfx
GBPNZD Analysis🏃‍♂️ GBPNZD is moving in a Descending Channel and broke the Uptrend line and 🟢 Support zone(2.077 NZD-2.073 NZD) 🟢. 🔔 After completing the pullback , I expect GBPNZD to decline to at least the 🟢 Support zone(2.060 NZD-2.056 NZD) 🟢 and the lower line of the descending channel. British Pound/New Zealand Dollar ( GBPNZD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
Unveiling the Power of Supply and Demand Zones in Forex Trading Unveiling the Power of Supply and Demand Zones in Forex Trading 📈💹 ✅ Introduction ================= In the realm of forex trading, the concept of supply and demand zones holds immense significance as it plays a crucial role in identifying potential market turning points and areas of strong price momentum. Understanding how to pinpoint and interpret these zones can provide traders with valuable insight into market dynamics and facilitate more informed trading decisions. In this article, we will delve into the intricacies of identifying supply and demand zones in forex and explore strategies for using them effectively. Check this massive demand zone that I spotted on Gold on a daily. ✅ Identifying Supply and Demand Zones ===================================== Supply zones are areas on a price chart where selling interest exceeds buying interest, leading to a potential downward price movement. On the other hand, demand zones represent areas where buying interest surpasses selling interest, signaling a potential upward price movement. Traders can identify these zones by looking for clusters of price action indicating significant changes in supply and demand dynamics. Example: A supply zone may be identified as a consolidation area following a downtrend, where price repeatedly fails to break above a certain level, suggesting strong selling pressure. Example: A demand zone might be found as a support level where price experiences a strong bounce following a downtrend, indicating strong buying interest. Here is a very significant supply zone on EURGBP. ✅ Trading Strategies Using Supply and Demand Zones ===================================================== 1. Zone Confirmation: Traders can use supply and demand zones as areas of interest for potential trade entries and exits. When the price revisits a previously identified supply or demand zone, traders can look for additional confirmation signals, such as candlestick patterns or confluence with other technical indicators, before entering a trade. Example: A trader identifies a strong demand zone and waits for a bullish engulfing pattern or a piercing pattern as confirmation before entering a long trade. 2. Zone Breakouts: Breakouts from supply and demand zones can signal strong shifts in market sentiment and potential trend reversals. Traders can monitor these zones for potential breakout opportunities and use them as entry points for trades in the direction of the breakout. Example: A trader identifies a supply zone and waits for a break below the zone as confirmation to enter a short trade, expecting further downward movement. Check my supply and demand zones analysis for EURJPY. ✅ Conclusion ================ In conclusion, understanding how to identify and interpret supply and demand zones in forex trading can significantly enhance a trader's ability to analyze price movements and make informed trading decisions. By incorporating supply and demand zones into their analysis, traders can gain valuable insights into market sentiment and potential areas of price reversal or continuation. Traders can utilize the strategies outlined in this article to effectively integrate supply and demand zones into their trading approach, leading to improved trade timing and potentially more profitable outcomes. Mastering the art of identifying and trading based on supply and demand zones is a valuable skill that can provide traders with a competitive edge in the dynamic world of forex trading. Good luck and happy trading! 📊💰
OANDA:XAUUSDEducation
by AnabelSignals
1
NZDUSD Analysis(➡️RR=2.00)🏃 NZDUSD is moving near a 🟢 Heavy Support zone($0.6110-$0.6050) 🟢. 📈Regarding Classic Technical Analysis , it seems that NZDUSD has succeeded in forming a Double-Bottom Pattern , and we are currently witnessing a pullback to the Neckline . 🌊In terms of Elliott wave theory , NZDUSD seems to have completed 5 impulsive waves and is currently completing corrective waves . 🌊Most likely, the structure of correction waves is Double Three Correction(WXY) . 🔔I expect the NZDUSD to rise to at least the 🔴 Resistance zone($0.6220-$0.6178) 🔴 again after the pullback completes. New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
7