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EURAUD / H4 / Daily Forex Technical Analysis / 5.3.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is May 3rd, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 4 hour time frame, we can see price action had a nice move off the lows near the 1.5721 support area. Looking at the overall structure price action may still have room to run up to a key area of support and resistance near the 1.6031 region. We may be getting ahead of ourselves here, but the NFPs may cause volatility to reach that resistance area of 1.6031. If we reach these levels we would be looking for an opportunity to go Short near the 1.60451 area, with a Stop Loss near the 1.60808 region, and target a profit level near the 1.59632 area for what can be a profitable trade with a 2.29 to 1 R/R.
Short
by FuturesForexClasses
NZDCHF / H4 / Daily Forex Technical Analysis / 5.2.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is May 2nd, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. Looking at the overall structure on the 4 hour time frame, we may see a retracement back to a key support area near the .6720 region. This area has held as support many times in the past and we're going to see if we can enter a Long position off the .6720 support zone. Entry for a Long position near the .67152 area, with a Stop Loss near the .67032 region, with a target level near the .67417 area can possibly ensure a profitable trade with a 2.21 to 1 R/R.
Long
by FuturesForexClasses
GBPUSD / H1 / Daily Forex Technical Analysis / 5.1.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is May 1st, 2019 and we will be taking a look at the British Pound against the U.S. Dollar. Looking at the 1 hour time frame we would like to see a breakout of the previous highs near 1.304 zone with a bullish close above these highs to confirm an opportunity to take a Long. Once we see that close beyond the highs we can look to enter a Long position near the 1.30501 area, with a Stop Loss near the 1.30222 region. With a profit target level near the highs of 1.31070 to possibly ensure a profitable trade with a 2.04 to 1 R/R.
Long
by FuturesForexClasses
AUDUSD / H4 / Daily Forex Technical Analysis / 4.30.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 30th, 2019 and we will be taking a look at the Australian Dollar against the U.S. Dollar. Now keep in mind we do have the China manufacturing numbers (PMI numbers) coming out today, certainly a key report which may have a news effect on the AUDUSD as well. Looking at the 4 hour time frame here we're looking for a news trade where price action retraces to the .70081 region, setting us up for a long opportunity if we get some bullish rejection at these levels. Entry for a Long position near the .70065 area, with a Stop Loss near the .69823 area below the lows, with a target of the .70552 area for what can possibly be a profitable trade with a 2.01 to 1 R/R.
Long
by FuturesForexClasses
NZDCHF / H4 / Daily Forex Technical Analysis / 4.29.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 29th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. The overall structure we are currently seeing is a nice triple bottom off the .67203 region and price action heading back up towards a key resistance area near the .68165 zone. Looking at the 4 hour time frame what we're looking for is price action to reach these levels for optimal conditions to enter a profitable trade. Entry for a short position near the .68161 area, with a Stop Loss near the .68314 levels, to possibly ensure a profitable trade with a 2.02 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Short
by FuturesForexClasses