Get started

Forexforecast

EUR/CZK Is the price ready to make the retracement?I will make a multi time frame analysis to give you an idea of what the price could do next Monthly: The price is currently over extended. When price is overextended, we always could expect a retracement to happen next. The price could be getting ready to make the retracement soon. Weekly: The price is also over extended. In the weekly we can see also that the price is currently consolidating. This consolidation could be an accumulation period which means that the price could be getting ready to make the retracement. Daily: We clearly can see that the price is in a consolidation period. To look for a long position we have to wait until the consolidation is over.
Long
by Wiiso
🎯 Trading Plan Questions I will try to show you in this post how my intra-day trading plan works and what exactly do i use in terms of risk,pairs,timeframes. ✅ What are my trading goals ? My intraday trading goal is to close the day in GREEN, but if i see no opportunities i dont push the buttons just to get to a profitabile day. Focus on making 1% a day this means 22% a month that is a lot just do your math and understand the power of consistency ✅ What timeframe do i use ? My intra-day timeframes that i am using are H1/M30/M15 you need to know which is your higher timeframe and execution time frame for me its M15, neither higher or lower. ✅ How long to hold trades ? Usually in 80% of the trades i hit the stop loss or take profit order before the day ends, i can left a open position overnight only if it's secured risk. ✅ Which Currency Pairs to follow ? As you are trading intra-day you need volatility and low spreads, i trade the most volatilite instruments such as nasdaq, gold, oil, gbpusd, gbpjpy, bitcoin on the session opening as the spread is lower during those hours. ✅ What is the Risk per Trade ? When you are starting an intra-day account you have to know first of all what will be the risk you take in every trade, the session risk and finally the daily risk. It's very important to RESPECT the daily risk rule as this keeps you in the game when the market conditions are bad. What is your Trading Plan ??
BINANCE:BTCUSDEducation
by AnonimFXRO
GBP/USD Outlook (16 February 2022)Overall, GBP/USD is ranging across. Recently, GBP/USD bounced up from the key level of 1.35. The UK employment data released yesterday indicated continued decline in the number of people claiming for unemployment benefits in February. Meanwhile, average earnings rose while unemployment rate remained unchanged. Average Earnings Index 3m/y (Actual: 4.3%, Forecast: 3.8%, Previous: 4.2%) Claimant Count Change (Actual: -31.9K, Forecast: -36.2K, Previous: -43.3K) Unemployment Rate (Actual: 4.1%Forecast: 4.1%, Previous: 4.1%) The UK CPI y/y data (Forecast: 5.4%, Previous: 5.4%) will be released later at 1500 (GMT+8). GBP/USD’s next support zone is at 1.33800 and the next resistance zone is at 1.36000. Look for short-term buying opportunities of GBP/USD.
Long
by mentorrobert
XAUUSD - KOG REPORT!In last weeks KOG report we said we would be bearish on Gold and target the lower KOG targets as long as the price stayed below the 1830-35 price level. We said we were expecting Gold to create another high on the chart higher than the week before. We said we would be looking for the price to open and test the low then begin the incline into the higher resistance levels giving us that higher high. We were expecting there to be strong resistance above which we didn’t see, instead towards the end of the week we saw a really aggressive move to the upside taking us to a close above the 1850 level. Fortunately, during the week with our daily reviews we managed to keep traders in the right direction and not sell at the immediate resistance levels that we were initially looking at. So now we’ve seen quite a break of structure on Gold on Friday which threw a lot of traders off. We did say on Friday we would be taking a step back from the market and if anyone is trading to trade level to level testing zones with smaller lots. So what can we expect in the week ahead? 1850 key level, below that 1835-40 for signs of support. This is the first indication we are continuing to the upside. We have higher targets which we have shared starting at 1872 and above that there is one which is sitting at 1888. What we want to see is how the market opens and if it challenges that lower support region first, if it does, we want to see 1850 first and below that we want to see test the 1840, 1835 region. Based on support here we feel this would represent a good opportunity to long the market in to the higher resistance levels. If however, we see this push up on opening and hit our 1865-70 level and find resistance, we will be looking to short the market down into the lower support levels. Below is a chart showing the active targets at the moment, as long as the price stays above the 1835 region: Our plan: Market open, price goes up towards the 1865-70 level and find resistance, we want to test the short trade down towards the first target of 1850 and below that 1840 to be safe. If the price ranges here on opening and then starts a technical retracement down towards the 1850 level and below that 1840 we will be looking to long the market into that 1868-70 level where we will take a majority of the trade of the table. A lot of traders were questioning why we kept going on about the 1830-35 levels in the last few KOG reports, now you can see why we said be careful in this region! We will update members and follower over the course of the week as we usually do. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
USDJPY, Hosoda "N" waveHere we are in the B1 Semiannual, with the price that has gone into double maximum, but I firmly believe that this level will be broken. We are close to the closure of the annual (March 15th) and I believe the price is making the last sprint towards a new relative high. If we project the last short uptrend by calculating 38.2% as the second restart point, we notice that the price would create a resistance at 117.28, called the Hosoda "N" wave; this level could be our entry point for a medium-term bearish trade. The MCS is already in the phase of excess strength, just missing a new high and a signal to confirm this hypothesis. Let's wait.
by The_Cyclical_Trading
Imbalance Concept ✅✅✅ ⭐️ An imbalance of orders is when a market exchange receives too many of one kind of order—buy, sell, limit—and not enough of the order's counterpoint. For sellers to complete their trades, there must be buyers and vice versa; when the equation is slanted too heavily in one direction, it creates an imbalance. I use imbalances both bullish and bearish to spot where price made ,,un-natural,, moves that should be filled as a tipical GAP move, i will look at them as MAGNET area where price should be attracted where price should go. ⭐️ You can use them as entry areas when price fills the imbalance area or profit target zones I attached couple photos where you can see bullish & bearish imbalances both filled and un-fullfiled(price didnt come back) Hope that was insightfull FOLLOW / LIKE for more content ✅
COINBASE:BTCUSDEducation
by AnonimFXRO
EURGBP, the never ending storyWhen it seems to arrive to the point, it sh*ts oneself from fear. Seriously, we are always in full B2 of the annual and we are moving towards the quarterly B1, after which the cyclical trend will turn downwards and we will have to evaluate an optimal closing of the positions. For now we are in profit with both positions, I do not rule out a retest of the MML at 0.8380, but given the intense accumulation phase, the most logical move now would be to go and distribute the price above 0.8550, perhaps looking for the highs again. of the period to about 0.858. So, we are waiting for the next movements, but we are starting to set a deadline: 1st March '22
Long
by The_Cyclical_Trading
EURUSD, great so farHere is our trade in m15 that goes towards the target on 50% Fibonacci, and we consequently move to accompany the trade, that is, raising the Stop Profit and also the Take Profit. Now our Stop Profit is at 1.1222 so that we cannot afford to close in gain in the event of a pullback. We moved the Take Profit to 61.8% to 1.1347 I left the MML H4 to see where the price could potentially bounce, you will decide whether to download some contracts, close the whole position as it was originally planned or if you will adopt any other strategy of your own. I will stay in with all the contracts and try to carry on all positions up to at least 61.8%.
Long
by The_Cyclical_Trading
Early Morning Forex Analysis| PULLBACKS are among usGood morning trading besties, I know it's early, but as they say the early bird catches the worm. In the world of forex analysis I am updating you on how price has moved since last night. I believe this is important because the price can move drastically overnight from Sunday to Monday. I won't bore you with written detail so watch this quick video. Hey trading bestie😌 Share your thoughts with me and let me know what you think.
U
by ShaquanLopez
GBPJPY, new high in B1?The pound against the yen has previously failed to reach a good entry level, and the MCS, not being in excess of strength, has also not sent any signals; the MML in H4 has attracted the price and from here two scenarios open up: 1. Look for a new high in B1 to enter the 6-month short 2. Breaking down MML, price that is lost in the void, MCS that is neutralized and waiting for a new signal Option 2 speaks for itself, if instead it were looking for a maximum in B1 we could take advantage of the half-yearly cycle for a fairly short trade since, on the annual we are already bullish from the beginning of January '22 for the second half of the cycle (A1).
by The_Cyclical_Trading
XAUUSD - KOG REPORT!KOG REPORT: In last weeks KOG Report we stressed we were still bearish on Gold and were looking for the higher levels to short the market. We mentioned we were looking for more bullish movement targeting the higher resistance levels and would be using the lower support regions to go long before then taking our short positions from the higher resistance levels. We were looking for the long targets of 1845, above that 1850-55 and potentially 1860, and the low target of 1810 and below. We had FOMC during the course of the week which we can see took a lot of traders by surprise, especially those who were looking to long the market from the 1835 and 1820 regions. You can see how we it played out took the price down to hit our 1810 target level. This is why we kept stressing, we will be only taking longs into immediate resistance levels and using the higher resistance levels to take our longer term short positions. This is the benefit of KOGs level to level trading. So what can we expect in the week ahead? Again, we’ll start by saying we will remain bearish on Gold for now. We are looking for strong bullish momentum in the early sessions of the week taking the price into the resistance zones of 1806-10, 1824-6 and above that the supply area of 1830-35. These price regions we feel would represent good opportunities to short the market into the lower support zones of 1797, 1785, 1777 and below that 1770. We have a KOG target at the 1770 price point and would like to see this completed at some point over the week. As long as the price stays below the 1830-35 region we will remain with this view and only be taking long trades into immediate resistance levels with our bias being to the down side. Our plan: We’re looking for open to break above the 1792 price point and close, this will give us an opportunity to target the resistance levels we have mentioned above. If the price opens and targets the lower support region of 1777-75 before going up we’ll look to use this region to go long into the immediate resistance levels. At each resistance level target we will remove 90% of our exposure in longs and protect the trade, this is just in case the market continues its incline, at least we’ll have a position in at lower levels. We will be looking for strong resistance at the levels mentioned above, this is where we will be waiting to short the market again down towards our KOG target of 1770 first and potentially below that the 1765 price point. We’ll update you during the course of the week with our usual reviews and analysis, especially if anything changes. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
17
GBP/USD 2HR SELL SET UPHi TRADERS this is my trade set up for the GBP/USD for the new week ahead GBP/USD pair is still in a bearish trend, it is consolidating at moment, getting ready for next move down, I think it will continue down now into my order block zone, after break of triangle watch for a retest of area before taking a sell trade This is my analysis only please trade with caution and risk management in place clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please follow like and comment thanks
Short
by Costy13
5
EURCAD, we're not there yet, but ...Yesterday the bearish movement of EURCAD took us to an even more interesting and noteworthy area. A new low was reached, but without triggering any buy signals on the MCS, even though the channel has really narrowed a lot. I think the signal is close, and maybe reaching a new low at 1.4052 is a good entry point, but we still don't set any buy limit, we wait for the definitive signal on the MCS. We are still in perfect timing with the new annual cycle.
by The_Cyclical_Trading
Forex Update for 3/1/2022Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar was up in Asia on Monday morning, but holidays in many key Asia Pacific markets meant it had a quiet start to 2022. The U.S. Dollar Index, which measures the greenback against a basket of other currencies, was up 0.29 percent to 95.870. The USD/JPY exchange rate rose 0.19 % to 115.30. The AUD/USD rate fell 0.13 % to 0.7250, while the NZD/USD rate rose 0.09 % to 0.6830. The USD/CNY pair was unchanged at 6.3561, while the GBP/USD pair fell 0.21 % to 1.3501. The markets in Japan, China, Australia, and New Zealand were all closed for holidays, making it harder to see the dollar's true movements. The global proliferation of the omicron COVID-19 variation has also had an effect on emotions. Although the number of cases in the western Chinese city of Xi'an has decreased, estimates from Johns Hopkins University reveal that the global number of illnesses has surpassed 290 million as of January 3. Meanwhile, earlier in the day, China Evergrande Group's Hong Kong shares were banned from trade, with the property developer declining to specify a reason for the suspension. Cifi Holdings, a Chinese property developer, offered to buy China Evergrande's outstanding 5.5 percent bond due in 2022. According to Cifi Holdings' Hong Kong stock exchange filing, the offer was $1,000.5 for each $1,000 in principal amount plus accrued and unpaid interest. The opportunity to purchase the remaining $505.1 million in notes expires on January 7. Investors are also looking forward to China's Caixin manufacturing and service purchasing managers indexes, which are due later this week. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:DXY
by GabiDahduh
USD/CHF: New Upcoming Bullish Impulse!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the USD/CHF , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies. Daily timeframe: 4 hours timeframe: 30 minutes timeframe: The market is still moving in a correction wave and has been following a descending channel since a while. It’s currently approached again on a strong major key level and as you can see on the chart, the most trading activity is on the higher part of this channel, usually a sign of weakness and a sign that possibly the channel could finish soon! When, where and why would I step into the market? In higher timeframe, there are few rejections on the current level, and the price will may get another bounce on its dynamic trendline (see daily and 4h charts). Before entering long in this trade I will be waiting for the price leaving the channel and switching the intraday perspective from bearish to bullish with a RRR of 1:2 or greater. My SL would be below the support level and the TP on the upper trendline on the 4h chart. Any breakout to the downside will invalidate this trade idea and no action will be taken on this market! If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Long
by UnknownUnicorn18552923
30