EURUSD Potentially Rallying in DowntrendThe longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may be an exploitable rally in the downtrend.
The DAX hourly chart is showing signs of support. However, the daily chart is still under pressure.
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Forexsignal
analysis update on USDJPY ( 28 February 2024 )this is an update from yesterdays USDJPY analysis, as yall can see price went in the predicted direction. Now I'm expecting sell entries soon but lets not get our hopes up anything can happen. Ill keep yall updated. please keep in mind these are not signals and I don't provide financial advice or sell anything, I just enjoy analysing my charts and being active in the market. Yall can use my videos as ideas and please feel free to comment , share your ideas and tips. Thank you.
#forex #forextrading #USDJPY #money #falconfx
USDCAD potential buyusdcad is making higher highs and higher lows on higher time frames and on the 4hr intraday time frame price is respecting support so i decided to get in at a one hour engulfing i also gave an update on AUDCAD.While AUDCAD is moving in a downward direction showing selling pressure at the moment i am waitin fot it to play out as planned.
EURUSD TRADE IDEA 30/11/2023In this video, I the possibility for a continuation upwards on eurusd. I also talked about the things I will like to see the market do before I will be looking for entry positions for a long trade. I also talked about the possibility for the price to continue downwards since it's coming off a weekly 61.8 fib level. I talked about what I will expect the market to do before I conclude that the direction of the price has change from an uptrend to a downtrend. I'm sure you will enjoy this video so please give me a boost and also follow me.
2023.8.16 GBPUSD tests pressure2023.8.16 GBPUSD tests pressure
Hello, I'm Older Duan. Today is Wednesday, August 16th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index continued to strengthen after hitting the daily level 165 moving average at its lowest point yesterday. It has been closing above the important moving average concentration range for three consecutive trading days, fully opening up the upside space!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold has been closing below the daily average of 233 ($1909.07) for two consecutive trading days, with a probability of continuing to weaken! So, for the rest of today, just use the lowest point on June 29, 2023 (1892.87 US dollars) as the important intraday point to operate! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, yesterday's daily closing of US crude oil was below the daily level of 21MA ($81.156), opening up space below! So, for the rest of today, just use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro hit the daily 144 moving average (1.08913) at its lowest point against the US dollar yesterday and today! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound rose and fell against the US dollar yesterday, and continued to strengthen today. It is about to test the daily level 21 moving average (1.27662)! So for the continuation period today, just continue to use this position as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Wednesday, and tonight FOMC will release the minutes of its monetary policy meeting. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
EurUsd -> Initiating The ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that EurUsd is currently approaching a quite obvious previous weekly support area at the $1.065 level which is acting as support again.
You can also see that weekly moving averages and market structure is still bullish, EurUsd is also retesting the lower support of a rising parallel channel so I simply do expect some consolidation at the current level and then a rejection away towards the upside.
On the daily timeframe you can see that EurUsd is still creating bearish market structure but it seems like there is support at the $1.07 level so I am now just waiting for a break above the next resistance at $1.077 and then I do expect a rally towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
MY AUDUSD BIAS IS SHORTMy Bias Is Still Bearish , 1H TF Supply Zone Has Been Tested And Got Rejected multiple Times.For Me Marked Up 3 Candles Means Much To Me,Got A Pullback In the Area Again And Got rejected Again On 15M TF!
I Dont Use Indicators But If You Trade DIVERGENCES Then You Can See A Clear Divergence On RSI ON 15M TF. Selling Volume Is Getting Stronger If You Look AT The VOLUME.Multiple Rejection Candles IN The Supply Zone Again!Marobozu Candle Has Been Established Inside The Supply Zone.Fair Value Gap Has Been created.My Short Set Up Is Getting Stronger.We Can ADD Retail Concept For Finding More Confluence.Two Retail Concept On Play And Working Great.Price Got Rejected On The Support Area.As Support Acts AS Resistance When Broken.I Am Not Really Good With Chart Patterns But Probably Head & Shoulder pattern Has Been Created Aswell.We Now Have Three Retail Confluence playing In Our Favor.15M TF Market Stracture Has been Broken ,Now I Am gonna LOOk For My ENtry.
Entry - 0.66609
SL- 0.66764
TP- 0.66292
GbpJpy -> Textbook TradeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that GbpJpy just retested and rejected a quite obvious previous weekly resistance at the 171.000 JPY level.
However you can also see that weekly market structure and moving averages are still very bullish, with last week's candle we broke multiple structure levels towards the upside and we are also currently retesting previous resistance which is now turned support so I simply do expect more continuation towards the upside from here.
On the daily timeframe you can see the exact same setup, we just recently broke above a major daily resistance level at the 168.5 JPY area which is now turned quite strong support, so I am now just waiting for some more bullish confirmation inside of this zone before I then do expect another daily rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
GbpJpy -> Be Careful HereHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that GbpJpy is approaching a quite strong and obvious previous weekly resistance area exactly at the 169 JPY area.
You can also see however that market structure and moving averages are still quite bullish so I just do expect a deeper push into the resistance zone, followed by a short term rejection towards the downside but then I definitely do expect more continuation towards the upside again.
On the daily timeframe you can see that GbpJpy just broke above and retested a previous daily resistance area which was turned support so I am now just waiting for a deeper retested of the 169 JPY area before I then do expect also a short term daily rejection towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
EurUsd -> What A Beautiful SetupHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that EurUsd just with last week's candle perfectly broke above a major previous weekly resistance area exactly at the $1.095 area.
You can also see that the next potential weekly resistance is exactly at the $1.12 area, so I just do expect more continuation towards the upside from the current levels to then retest the next structure area before we might then see a short term correction.
On the daily timeframe you can see that EurUsd is currently perfectly retesting a previous daily resistance zone, which after last week's break is now turned support, so also from a daily perspective everything is pointing towards a next bullish impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
EURCHF Technical Analysis and Trade IdeaThis video offers a comprehensive analysis of the EURCHF, concentrating on its recent trading patterns. It's worth noting that a significant resistance level has been reached, and a price gap exists below it. Bigger players may look to attack sell-side liquidity resting under in the form of stop losses. The video delves into various topics such as trend analysis, price action, market structure, and price gaps. Furthermore, it briefly mentions a potential trade opportunity.
EUR/USD 100pip MULTI-TIMEFRAME ANALYSISEUR/USD is currently BULLISH and in this video, i share an entire trading plan for EUR/USD that includes, ENTRY, EXIT & TARGET. Leave a LIKE & Follow if this is helpful.
P.S With over 90% HIT RATE on my trade ideas, i post money making setups like this everyday to help you make money.
We use the HOOD SUITE INDICATORS and with these we do not need to use complicated analysis like TRENDLINES, HARMONIC or EW,
to have a super high accuracy on our trades, everything we use is right on the chart, we just FOLLOW!
EURAUD 150pips FULL BREADOWN 3mins!!!! EURAUD is currently looking weak and ready to drop. In this video i breakdown your ENRTY, SL and TARGET so i can help you make some money!
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
EurUsd -> Time To BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that EurUsd just recently perfectly retested and already rejected a quite obvious previous weekly support zone which was turned resistance exactly at the 1.087 area.
You can also see that we are about to retest the zone once again, generally speaking the more often we retest a zone the higher the likelyhood that we will eventually break it so I am now just waiting for a break of the resistance and a retest and then I do expect more continaution towards the upside.
On the daily timeframe you can also see that we are retesting previous daily resistance so I am now just waiting for a break and retest of the zone and some bullish confirmation to then capitalize on the next impulse towards the upside.
Thank you for watching and I will see you tomorrow!
USD/JPY 40+200 SMA crossover 80% WTraded USD/JPY since Friday 2/24/2023 & have a 8)% win rate for a 40+200 SMA crossover.
SL set a 200 SMA (I usually go a bit higher/lower to not get hit) set TP at 1 times pips from SL
Price has to be above or below both of the SMAs
40 Pip minimum TP + SL
12/15 = 0.8 * 100 = 80% win rate over ~6 Weeks
Oil and Gold analysis for NYYou can skip through the oil as the sound did not come out or watch it as it is self-explanatory with the drawings and the following side notes:
''Bullish above 79.30 alarm set. alarm set 78.67. hard to form a directional bias on this one...BIS in London's sell-off, but D1 longs still in control from LoD (higher low) and could turn out to be an FGD, first Green Day/ bullish close, to trigger a bull rally on Friday in line with daily chart bullish bias. On the other hand, it has a broken structure in London and there is resistance 70.20/50 so we could come down into D1 longs for low-hanging fruit below LoD set in London/NY gap time to target 78 and 77.50. Can't figure out a bias for the day until we see D1 and D2 bulls committing to 78.50s retests in NY.''
As for Gold, we need to break through a lot of BS and volume to go lower...