Get started

Forexmarket

EURUSD Many disadvantages for the USDIt’s been an abnormal week for the US Dollar so far. While the bullish trend took over for much of the past three months, the current weekly bar is showing as an inside bar with the entirety of this week’s range contained inside of the prior week. This isn’t necessarily abnormal, but it does speak to the overbought nature of the move as we came into the month of October and for the past two weeks, bulls have been unable to push up to a fresh high to continue that move, even with some strong data in the form of a Non-farm Payrolls report and a very strong outing for retail sales earlier this week. But there is great potential next week
by Chart_MasterPro
2
GBPJPY Inflation in Japan is getting worse and won't stopToday, October 20, the Japanese government will begin a meeting expected to last almost two months to decide on a number of new policies, including those related to economic stimulus. In particular, opposition parties are proposing economic stimulus measures such as providing 30,000 yen in cash to low- and middle-income households. The meeting is considered extremely important for Kishida's administration, as his approval rating is at its lowest level since he took office. The policies he advocates are likely to determine his re-election.
Long
by Chart_MasterPro
Gold prices hit a 4-week high as tensions in the Middle East escGold prices rose even as data showed US retail sales exceeded forecasts and industrial products rose sharply last month. The Fed's fixed metric will keep interest rates higher for longer. Higher borrowing costs are often seen as a negative for gold. According to ANZ Banking Group Ltd, any escalation will reinforce the need for protection. “This comes amid strong demand from the physical market, both from central banks as well as consumers in both India and China,” they said. Current gold trading increased 0.8% to 1,937.75 USD/oz.
TVC:GOLDLong
by FalCol_TradingMaster
Dips continue to be buying opportunities, and I don’t think tha As long as the Bank of Japan tries to keep its interest rates as low as they are, the Japanese yen will be one of the least favorite currencies by traders to own. With the massive interest rate differential, you get paid to hang on to this pair, and I think that will end up being one of the major drivers of where we go next. In other words, it just makes more sense to own the British pound and it does the Japanese yen. Dips continue to be buying opportunities, and I don’t think that changes anytime soon.
Long
by Chart_MasterPro
EUR/USD Soars as Euro Defies the Dollar's Decline - Crucial DataEUR/USD EUR/USD briefly rose above 1.0630, making modest gains after hitting monthly lows. The Euro is in a critical area, waiting for more US inflation data. It benefits from the US Dollar's weakness due to declining yields and positive market sentiment. The recent US Producer Price Index increase didn't greatly affect the Dollar, and the latest FOMC minutes emphasized a data-dependent policy approach. Thursday's economic calendar includes ECB minutes and the US Consumer Price Index, with potential market impact hinging on CPI performance. Based on technical analysis, the EUR/USD rose on Wednesday, pushing towards the upper band of the Bollinger Bands. Currently, the EUR/USD is trading below the upper band, while the bands are trending upwards, suggesting the potential for another upward move to retest the upper Bollinger Band. The Relative Strength Index (RSI) stands at 62, indicating that the EUR/USD is currently attempting to establish a bullish bias. Resistance: 1.0674, 1.0736 Support: 1.0583, 1.0530
by Think_More
Do you Think XAUUSD is Bearish ?XAUUSD Timeframe: 1H Trade Signal #Forex #XAUUSD #TechnicalAnalysis #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the XAUUSD pair using technical analysis. 📊 📉 Previously Bearish Trend: Firstly, on the 1H- timeframe, we've been witnessing a bearish trend in the XAUUSD pair. 🐻 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bearish bias. 📈 Sell Limit Level \ Entry Price: 1822 🎯 Stop Loss Level: 1834 🚀TP: 1810.5 🚀TP2: 1806 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #TradingwithBelieve
OANDA:XAUUSDShort
by TradingwithBelieve
What do you think about USDJPY ?USDJPY Trade Signal Timeframe: 1H #Forex #USDJPY #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the USDJPY pair using technical analysis. 📊 📉 Previously Bearish Trend: Firstly, on the 1H- timeframe, we've been witnessing a Bearish trend in the USDJPY pair. 🐻 🔄 NO Divergence on HH (Higher High): However, it's crucial to note that recently, we have started to observe a no divergence pattern on the HH (Higher High’s). This is an important signal that the Bullish momentum might be weakening. 📉🔄 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish bias. 📈 Entry Price: 149.297 🎯 Stop Loss Level: 148.698 🚀TP1: 149.9280 🚀TP2: 150.543 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
Long
by TradingwithBelieve
2
GBPNZD Trade will Bullish or bearish ?GBPNZD Trade #Forex #GBPNZD #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the GBPNZD pair using technical analysis. 📊 GBPNZD was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline. Currently the price has given the breakout from falling trendline and now forming a local support around 2.04 region. Will the bulls take charge again continue for leg higher? 📉 Previously Bearish Trend: Firstly, on the 1H- timeframe, we've been witnessing a Bearish trend in the GBPNZD pair. 🐻 🔄 Divergence on LL(Lower Low’s): However, it's crucial to note that recently, we have started to observe a no divergence pattern on the LL (Lower Low’s). This is an important signal that the Bearish momentum might be weakening. 📉🔄 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish bias. 📈 Entry Price: 2.04643 🎯 Stop Loss Level: 2.04000 🚀TP1: 2.05373 🚀TP2: 2.06041 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
Long
by TradingwithBelieve
AUDUSD Trade Signal Timeframe: 1HAUDUSD Trade Signal Timeframe: 1H #Forex #AUDUSD #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the AUDUSD pair using technical analysis. 📊 📉 Previously Bearish Trend: Firstly, on the 1H- timeframe, we've been witnessing a Bearish trend in the AUDUSD pair. 🐻 🔄 NO Divergence on HH (Higher High): However, it's crucial to note that recently, we have started to observe a no divergence pattern on the HH (Higher High’s). This is an important signal that the Bullish momentum might be weakening. 📉🔄 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish bias. 📈 Entry Price: 0.64433 🎯 Stop Loss Level: 0.65041 🚀TP1: 0.63820 🚀TP2: 0.63220 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
Short
by TradingwithBelieve
JPYAUD, Next Crucial Fractal-Setup, BEAR-Wave Accelerations!Hello There! Within the forex market, I have spotted important bearish setups within the current market developments. One of them is JPYAUD because this pair remained in a steady downtrend for a very long period of time. Such long-lasting downtrends are not trends that reverse from one day to the other. Also, I have spotted the underlying fractal formations, bearish formations, and upcoming bearish determinations that are preeminently important for JPYAUD. As when looking at my chart now JPYAUD has formed this enormous gigantic bearish descending channel formation in which it has the main upper resistance channel from where it already pulled back off the upper boundary and especially within the past pullback JPYAUD formed a main fractal from A to D before this pullback increased with the severe bearish momentum accelerations towards the downside. Exactly, the same fractal is completed again. With the breakout below the fractal channel boundary and the pullbacks off the EMAs JPYAUD has formed severe resistance levels within the range from where further pullbacks are more than not unlikely. This means that the path for JPYAUD is towards the bearish directions with an elevated determined bearish pace as JPYAUD already activated the bearish target zones. Also, JPYAUD with the breakout and pullback in the range is now forming the main wave C downtrend extension. Below these main resistance levels, JPYAUD is now forming this bearish flag continuation setup that is actually setting up the next bearish wave momentum to accelerate in the near term. The first target of the currently preceeding bear breakout is within the 0.0101 level and once this level has been reached the next target is within the 0.0098 level. Especially, once this final target zone has been reached the momentum needs to be measured as JPYAUD may just continue with the bearish acceleration below the target zones. Thank you everybody for watching my idea about JPYAUD. Support from your side is greatly appreciated. "For those properly prepared, the bear market is not only a calamity but an opportunity." VP
by VincePrince
14
NZDJPY, Massive Triangle-Breakout, Pointing to Target-Zones!Hello There! Welcome to my new analysis of NZDJPY. In recent times it has to be mentioned that there are only a few forex pair setups that have such a bullish potential as I have spotted it with NZDJPY. This is why I detected all the important price actions, underlying dynamics, and upcoming perspectives that should be primarily considered with NZDJPY. In fact, NZDJPY already emerged with a main entry setup however the reward potential is likely to increase once NZDJPY completes the whole formation. The chart price-action is forming this important ascending triangle formation in which NZDJPY has the coherent wave count that is about to be completed within the upcoming times. Furthermore, NZDJPY has the main ascending trend line supports within the boundaries. The fact that NZDJPY is already building a breakout attempt with a bull flag on the local structures is increasing the scenario determination of the final breakout to emerge within the upcoming times. Once NZDJPY has formed the final ascending triangle breakout above the upper boundary this is going to point to the expansion origin and is going to activate two main target zones within the whole development, the first target zone is within the 93.5 area and the second target zone is within the 97.5 area. When NZDJPY continues with the established dynamics from there on it also has the further ability to bounce into a new all-time high direction above these zones. Thank you everybody for watching my idea about NZDJPY. Support from your side is greatly appreciated. "Don't look for the needle in the haystack. Just trade the haystack!" VP
by VincePrince
6
NZDEUR, Major BULL-Flag-Formation, Targets Objections!Hello There! Welcome to my new analysis of NZDEUR. In recent times I have spotted many gems within the forex market. With NZDEUR I have analyzed the underlying dynamics and spotted important determinations that have the potential to elevate NZDEUR into a massive bullish breakout development with expanding price-action dynamics and activation of important target-zones. In this case, NZDEUR is a considerable long-side opportunity, and when continuing with a total-return approach as I am doing it the best is to also consider other short-side opportunities in the market. When looking at my chart NZDEUR moved forward with completing a highly important formation here which is this major ascending channel formation and NZDEUR continued with an appropriate breakout above the upper boundary confirming the boundary as the main support level together with the 65EMA and 35EMA. Furthermore, NZDEUR has the main structure support within the range marked in orange in my chart. NZDEUR already bounced several times in these important support zones and is now building a greatly determined bull-flag formation above the prevalent support levels. Taking all the major factors into consideration here the next time the final bull-flag completion breakout of NZDEUR should be considered. Once the final bull flag has been completed as marked in my chart with the final bullish bull-flag breakout setup this is going to be the origin of the major wave-E expansion movements toward the upside dynamics, and once this final breakout has shown up it is going to activate the initial minimum target-zone as marked in my chart at 0.5708, above this the second target-zone will be at 0.57382, and the final target-zone will be within the 0.577 level. Thank you everybody for watching my idea about NZDEUR. Support from your side is greatly appreciated. “I always knew I was going to be rich. I don't think I ever doubted it for a minute. ” VP
by VincePrince
2
GBPEUR, Massive DOUBLE-Top, Final Breakout-Setup Emerging!Hello There! Welcome to my new analysis of GBPEUR. Since GBPEUR formed the major top last month August 2023 it heavily emerged with bearish momentum towards the bearish direction and has not yet recovered since this battered price-action inclinement. Now a big consideration is if GBPEUR finally develops a crucial continuation formation and if the bearish momentum is going to accelerate so heavily that a massive bearish momentum spike moves into the target zones. Because of the significance of this determination, I have analyzed GBPEUR in the analytics backend and detected major signs to not underestimate when considering the bearish inclined price-action GBPEUR has shown up with. Formational Determination: When looking at my chart now with the recent bearish momentum price-action GBPEUR moved on to test the major price-action zone at 1.1495 which has been tested already before as GBPEUR formed the first top within the whole formation, the more often the zone is tested the higher and more volatile the breakout develops once it has emerged. Now, with this second test, GBPEUR is about to complete a major paramount decisive double top formation which is the most prevalent formation here that is likely to validate a major bearish continuation once it has been completed. Such a double top formation in almost all cases is the origin of high bearish pressures once completed. Upcoming Perspective: Now, once GBPEUR has formed the breakouts below the 1.1495 level it is going to set up a confirmational formation as seen in my chart which is likely a bear flag formation setting up the wave C, and simultaneously the whole completion of the bearish formation. Once the confirmational bear flag formation has been completed it will be the origin of the next bearish wave C extension towards the downside and from there on GBPEUR is going to continue till the final double-top targets have been reached as marked in my chart. What has to be mentioned here as well is that the completion of the bearish double-top formation is also going to activate the bearish EMA crossover that is going to accelerate the bearish dynamics. In this manner, thank you everybody for watching my analysis of ORCL. Support from your side is greatly appreciated. VP
by VincePrince
14
BXY, Important, Crucial BEAR-Fractals, Setup of a Next Wave!Hello There! Welcome to my new analysis of the BXY. Within recent times there are major factors moving the BXY as the inflationary pressures within the BXY are still increasing paired with a historically high interest rate of 5.25% that was seen the last time during the financial crisis of 2008 this is already indicating a high bearish sentiment dynamic that should not be underestimated in any cases. Also, a major stagnation within the BXY is ongoing with YoY productivity stagnating and not forming any new highs. These factors are determining an increased private sector debt demand that is near an all-time high. These high levels of private sector debt demand have been seen the last time in the financial crisis of 2008 similarly to the high interest rates. The high private sector debt demand is accelerating the bearish momentum for the BXY. Considering the underlying chart dynamics the BXY is still trading within this enormous gigantic descending channel formation in which it has a major supply distribution channel within the upper boundaries. This supply distribution channel has been already the origin of the major bearish wave A accelerating towards the bearish direction. Exactly the same bearish fractal is setting up now once again as the BXY is pulling back off the upper resistance boundaries. Furthermore, the BXY has already completed the massive ascending triangle formation with a substantial breakout below the lower boundary completing the whole ascending triangle formation and accelerating the bearish confirmation and continuation dynamics. Now, the BXY already activated the target zone of 115 with the completion of this gigantic ascending triangle formation once this target zone has been reached there is a high potential for further continuation. Taking these factors into perspective, the BXY is completing two major bearish formations here, and especially with the bearish distribution channel breakout to emerge in the next times this is going to activate the next targets within the lower boundary regions of the gigantic descending channel formation to form a paramount new lower low within this whole chart. An increased interest rate together with an accelerated private sector debt demand moving to all-time highs lastly seen in the financial crisis of 2008 are going to increase the bearish dynamics. In this manner, thank you everybody for watching my analysis of BXY. Support from your side is greatly appreciated. VP
TVC:BXY
by VincePrince
10
EURCAD, Huge H-S-Formation, BEAR-Acceleration to Emerge!Hello There! Welcome to my newest idea about EURCAD. Within recent times there have been grievous developments within the whole forex market developments that should not be underestimated in any case, there are several factors and forex pairs to consider, the economic Eurozone field is still in a not completely recovered condition field because there are crucial ongoing supply-chain disruptions still battering the Eurozone economic field. These supply-chain disruptions should not be underestimated in any case because they are actually fueled by the fact that inflation is still extremely high and high interest rates do not decrease the supply-chain disruptions. When looking at my chart these major disruptions within the market have been followed by the continued bearish accelerations towards the downside always emerging with the bearish waves and accelerating the bearish momentum. Now EURCAD already formed the breakouts below the 100-EMA confirming the EMA as a major resistance from where further pullbacks towards the downside are highly likely. This means that the next lower lows within the upcoming times are underlining and pointing to huge bearish momentum acceleration spikes towards the downside. Besides this EURCAD is forming this gigantic head-shoulder formation in which it is going to complete the right shoulder once it has formed the breakout below the main supports and neckline of the formation. This final confirmation of the crucial head-shoulder formation in almost all of the cases is the origin of high momentum into the bearish continuation. Especially, once the formation has been completed this is going to lead to the breakouts below the EMAs, and considering further ongoing supply-chain disruptions as well as a stagflation Eurozone economy because of high inflation in combination with supply-chain disruptions this is going to accelerate the bearish dynamics. In this manner, thank you everybody for watching my analysis of OIL. Support from your side is greatly appreciated. VP
by VincePrince
11
CHFGBP, Major Ascending-Triangle, Ready for Completion, Targets!Hello There! Welcome to my new analysis of CHFGBP. Within recent times CHFGBP continued with forming a highly important formation in the whole formational structure as it managed to build up bullishly within the major areas of the structure. In this case, I have detected the most prevalent important signs and considerations to determine for CHFGBP and the upcoming price actions, therefore, I have analyzed the major factors in the analytics backend. As when looking at my chart now CHFGBP has formed two important formational factors here. The first factor, CHFGBP continued with this major uptrend channel in which it has substantial support bouncing several times towards the upside. The second factor, CHFGBP is still bouncing above the 65-EMA as well as the 100-EMA being major support levels within this whole chart. Together these two factors are holding the bullish trend towards the upside and building the bullish base here. The major formation within this whole chart is the main ascending triangle formation which is about to complete within the next times as CHFGBP continues to bounce within the ascending triangle formation this means that a final breakout above the upper boundary is likely to emerge within the upcoming times. Once this breakout has emerged as it is marked in my chart CHFGBP is going to set up the next wave-expansions towards the bullish direction. Especially as the solid bullish volume is building up here this breakout is likely to happen faster than thought about. Taking all these factors into consideration here, once CHFGBP has completed the whole ascending triangle formation it is going to activate the upper target zones as they are marked within my chart, and especially depending on the momentum and volume with which CHFGBP actually emerges these targets can be reached in a major accelerated bullish volume spike. When this happens it increases the potential for a bullish continuation tremendously and CHFGBP is going to accelerate the further bullish dynamics above the initial target zones into the bullish continuation zone. In this manner, thank you everybody for watching my analysis of CHFGBP. Support from your side is greatly appreciated. VP
by VincePrince
2
GBPUSD, Massive Bear-Market-Wedge Completed, TARGETS Active!Hello There! Welcome to my new analysis of GBPUSD. The GBPUSD developments recently have shown crucial bearish inclinations that should not be underestimated especially as the bearish volume increased there is a severe bearish momentum within the pair. Besides that, the Pound Currency Index is forming similar bearish downside pressure especially as the selling volume increased massively adding to an increased bearish indication. Now, the most important considerations are if GBPUSD has completed a major formation that is going to increase the severeness of the upcoming trend dynamics, if GBPUSD is going to extend the dynamics in such a manner that a massive wave-extension will be inevitable, and if GBPUSD is one of the forex pairs within the market with an overwhelmingly high bearish edge so that a bear-market will be the most relevant part of the whole GBPUSD price action formation developments. Firstly, when looking at my chart and the major formation that GBPUSD has completed here, this formation is a crucial formation as it is an already completed bearish continuation broadening-wedge-formation that formed the severe breakouts below the lower boundary of the formation. Such a formation is indicating a continuation in almost all of the cases especially as GBPUSD already marked the finalization of the completion with the coherent bear-flag-formation below the lower boundary which already activated the bearish target zones. Therefore, it should be mentioned that the formation that has been completed increased the severe bearish trend to a massively high level. Secondly, with the completion of the major broadening wedge continuation formation GBPUSD already activated the minimum target zone as marked within my chart, this is the target zone of wave C within the whole bearish downtrend established by the broadening wedge. Especially, as GBPUSD also already confirmed the 35-EMA as a major bearish resistance this first target zone is going to be reached faster than determined. In this case, it will be important on how the actual bearish momentum is established because especially with a huge bearish pressure this is going to set up the bearish wave C extension and activate the second target zone. If there is not any sign of a reversal in this case the trend will just continue in the bearish direction through the bearish continuation ground. Thirdly, when considering the bear market definition within the stock market, a legit bear market is confirmed when prices drop a minimum of -50%. With GBPUSD this definition is already confirmed when prices drop -25% divided by a leverage factor of 5. Through this bear market definition, GBPUSD is already in a bear market and there is no chance to reverse this dynamic if no fundamental changes happen here. Furthermore, GBPUSD is not yet in an oversold condition, an oversold condition is only reached when all of the sellers within the market sold all of their long positions or the positions got liquidated, this has not happened till now, and therefore the oversold condition has still a long way to be reached. Even with reaching all of the final bearish target zones, this is not going to show an oversold condition for GBPUSD therefore the bearish trend continuation is imminent. In this manner, thank you everybody for watching my analysis of GBPUSD. Support from your side is greatly appreciated. VP
by VincePrince
19
EURUSD, BEAR-Wedge Completed, BEAR-Market Ongoing, BEAR Waves!Hello There! Welcome to my new analysis of EURUSD from several timeframe perspectives, on the current underlying market dynamics, and on what should be expected within the current market. There is a main primary indication, the massively spreading inflation within the EUR that is creating a huge inflation gap between the EUR and USD, and when such an inflation gap develops between two currencies this means the inflation gap in currency pairs in which the inflation is higher compared to the other pair is highly bearishly inclined. From my chart perspective, this means that EURUSD has been in a continued bear-market since July 2023 forming several lower lows and already completing this gigantic bearish ascending wedge formation with the breakouts towards the downside accelerating the bearish momentum and confirming the 200-EMA as the most prevalent resistance factor. Now EURUSD is already continuing to form the bear flag below the 200-EMA which is simultaneously the wave B within the whole bearish wave-count. Once the bear-flag formation has been completed in the near future with the inflation gap developments reaching further bearish inclinations this is going to activate the massive wave C acceleration. In this case, the first target will be the at pari level at 1 EURUSD, with a continued bearish momentum the next targets will be under pari at 0.98872 and below this at 0.977. Especially when the bearish momentum accelerates further with further smart money market operators increasing the bearishness the wave is going to continue. The bearish market wave setup, confirmed by the enormous inflation rate gap, together with the bearish smart money operators to increase the short side open interest is so present that that the upcoming bear market wave will be inevitable. In this case, it will be important for a trader to position on the right side of the markets before all these major disruptions are actually set up. Nonetheless, it will be a highly important dynamic to consider here especially once the EURUSD has reached the target zones. In this manner, thank you everybody for watching my analysis of EURUSD. Support from your side is greatly appreciated. VP
by VincePrince
20
EURCAD, Huge Double-Top Formation, BEARISH Flag-Setup!Hello There! Welcome to my new analysis of EURCAD from the 4-hour timeframe perspective. Within recent times the forex currency pair already emerged with a massive bearish inclination that should not be underestimated especially as the momentum already reached an accelerated point. Now, a major consideration is whether this bearish dynamic holds on or is going to accelerate much more within the upcoming times. In my analysis, I have considered the backend analytics and what should be expected with the pair within the current market situation, especially with the major underlying bearish inclinations. When looking at my chart now, the most important part of my chart is this gigantic double-top formation with the first and second tops already being completed. Since EURCAD formed the second top within the whole double top formation it heavily accelerated with the bearish momentum finally breaking out below the boundary of the double top formation to accelerate the massive bearishness below these boundaries. Also, important here is that a major bearish EMA crossover is marking a huge resistance and is confirming the bearish downtrend dynamics. With the completion of the gigantic crucial momentous double-top formation, EURCAD is setting up a massive bearish inclination especially as it is forming the next bearish flag below the boundary breakout zones. This bear flag formation is likely to complete within the next time and is going to accelerate the bearish momentum continuations towards the lower levels. First of all, the first target zone that has been activated is the minimum target zone of 1.409 as marked in my chart. Once this target zone is reached and the bearish momentum accelerates the price is going to continue below these zones. Taking all these factors into consideration here, EURCAD is now about to set up the next bearish continuation wave which will reach the next bearish acceleration triggers once the bear flag formation to complete the double top confirmation has been finally completed with a breakout towards the downside. Depending on the bearish momentum that is going to prevail after the breakout setup it will be important on how the bearish momentum actually sets up and how it reaches the target zones. Because, especially when the momentum increases by 4x in momentum pace there is a high possibility for the bearish continuation to move further into the bearish ground continuation. It will be a highly crucial determination. In this manner, thank you everybody for watching my analysis of EURCAD. Support from your side is greatly appreciated. VP
by VincePrince
6
USDJPY, Several TRIANGLE-Formations, Point to a Final BREAKOUT!Hello There! Welcome to my newest analysis of USDJPY from several timeframe perspectives. From the weekly timeframe perspective, USDJPY is continuing to form new higher highs since the bounce lows were seen at 128.5 in January 2023 the uptrend is aiming for the next stages and already formed several uptrend lines. The several uptrend lines that USDJPY already established are pointing to the trend acceleration above these lines. Now, from the weekly timeframe perspective, USDJPY is approaching the upper resistance zones and once a breakout above these zones emerges a continuation above the areas will be almost inevitable. From the daily timeframe perspective, USDJPY already completed the ascending triangle formation and activated the target zones of 153.1 within the whole structure, especially as USDJPY completed the main dynamic of the ascending triangle formation on the daily timeframe perspective these targets are going to be reached with the trend acceleration ongoing. Recently USDJPY already completed the confirmational setup with the bull flag formation above the upper boundary of the daily ascending triangle formation that is marking the origin of the trend acceleration and the major wave C to continue moving forward into the upper target zones. From the 4-hour timeframe perspective, USDJPY is now continuing with a similar ascending triangle formation as it already formed within the daily timeframe perspective. A completion of this ascending triangle formation is going to confirm a stronger target projection which will be a dobule confirmation together with the formation on the daily timeframe perspective. The targets of the ascending triangle formation on the 4-houe timeframe perspective will be within the 151.5 area, nonetheless, once these areas have been reached there is a high potential given that the USDJPY price action just accelerates to the next targets above the zone. When considering all timeframes together, USDJPY is forming one ascending triangle formation within each timeframe. With the price action reaching out to the target zones of the ascending triangle formations marked by the daily and 4-hour chart, this is going to activate the confirmation completion of the major global ascending triangle formation that is forming within the weekly timeframe perspective. With the completion of the major global ascending triangle formation, minimum targets of 170 will be activated. In this manner, thank you everybody for watching my analysis of USDJPY. Support from your side is greatly appreciated. VP
by VincePrince
14
EURAUD, Huge Formation, WEDGE to Setup BEARISH BREAKOUT!Hello There! Welcome to my new analysis of EURAUD from the 4-hour timeframe perspective. In recent times the EXY, European Currency Index has shown up with crucial bearish inclinations which are pointing to a bearish market sentiment especially with massive inflation spreading like wildfire seemingly not reacting to exponential rate hikes pulled out by the ECB. Such developments could point to a major bearish setup emerging for the EURAUD also. Besides that, there are important formational structures that need to be considered here. In this case, it is necessary to determine the final completions and changes within the market before rushing to anything else. Formational Developments, Resistance, Bearish Momentum, and Setup: When looking at my chart now EURAUD continued to form this preceding huge bearish descending channel trend in which it already pulled back several times bearishly off the upper boundary increasing the high possibility likelihood of such pullbacks to holding on and printing the next bearish waves with continued lower lows to be determined. Especially as EURAUD already pulled back several times from the 65-EMA in red as well as the 35-EMA in grey these EMAs are substantial resistances from where continued pullbacks are more likely than anything else. Currently, EURAUD is approaching the EMAs together with the upper boundary resistance of the channel once again which is pointing to the next bearish wave to set up from here on. Upcoming Determinations, Bearish Breakout, Target Activation, and Underlying Drivers: Furthermore, what is the most important formation in my whole chart is this crucial descending wedge formation. Such a formation is pointing to an increased continuation toward the bearish direction in almost all of the cases. This formation will be completed with a final breakout below the lower boundary as it is marked within my chart and as EURAUD already completed the wave-count within the formation this final breakout is likely to emerge within the near future. Once the breakout has shown up as it is marked this is going to be the origin of the wave C extension and bearish momentum acceleration as it is marked. Once this wave C acceleration and bearish wave has shown up it is going to activate the final target zone as marked. Once this final target zone has been reached further assumptions need to be made. The pair is on my watchlist to determine important changes once they have shown up here, especially with the target projections and bearish developments to be expected. Especially, a massive inflation increase together with failed monetary policies are going to fuel a bearish momentum inclination here therefore these underlying factors also need to be considered then. In this manner, thank you everybody for watching my analysis of CHFAUD. Support from your side is greatly appreciated. VP
by VincePrince
17