FOREX (NZDUSD) All long targets done using RisologicalFOREX (NZDUSD) All long targets done using Risological
Nice forex trade (NZDUSD) on Risological.
All long trade targets done nicely on the 15m time frame.
The Trailing stop is at 0.61645, so, small portion of the trade is still open for further upward profits.
If the price closes (15m candle close) below the Risological trend line - the dotted line acting as trailing stop, that will be the sign of trend reversal and we will look at fresh short position.
Thanks and all the best.
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AUDUSDHello Traders!
What are your thoughts on AUDUSD?
This currency pair has broken its support zone and is currently trading below it. It is expected to decline towards the identified levels after completing a pullback to the broken zone.
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#EURUSD 1DAYEURUSD Daily Chart Analysis
Trade Recommendation: Sell
Sell Level:1.10800
Target Level : 1.09750
Overview:
The EURUSD currency pair is currently poised for a potential downtrend according to the latest daily chart analysis. We recommend entering a sell position at the level of 1.10800, which aligns with key resistance and shows signs of a potential reversal.
Target Level:
1 Target Level: 1.09750 This level represents the anticipated downside target where the price is expected to find support or experience a rebound. This target reflects a reasonable expectation based on recent price action and technical indicators.
Strategy:
Enter the sell position at 1.10800 with a stop-loss set above the recent resistance to manage risk and protect against adverse price movements.
- Monitor the price action as it approaches the target level of 1.09750. Consider adjusting your stop-loss or taking profits if the price shows signs of reversing near this target.
Outlook:
The bearish outlook is supported by recent trends and technical signals suggesting a potential decline. Stay updated with market news and economic events that could impact the EURUSD pair, and adjust your strategy as necessary.
Feel free to refine this description based on any additional insights or analysis you may have!
#CADCHF 1DAYCADCHF Daily Chart Analysis
Trade Recommendation: Buy
Buy Level: 0.62200
Target Levels: 0.63900 / 0.64700 / 0.6600
Overview:
The CADCHF currency pair has shown promising signs for a bullish trend based on recent daily chart analysis. We recommend entering a buy position at the level of 0.62100, which has demonstrated strong support and potential for upward momentum.
Target Levels:
1.First Target: 0.63900 - This level represents an initial resistance point where the price is expected to test and potentially pull back.
2.Second Target: 0.64700 - A further resistance level where the price might encounter increased selling pressure, offering a second profit-taking opportunity.
3. Third Target: 0.6600 - The final target level, indicating a significant upside potential if the bullish trend continues to strengthen.
Strategy:
Enter the buy position at 0.62200 with stop-loss orders set below the support level to manage risk.
Monitor the price action closely as it approaches each target level, and consider adjusting stop-loss or taking partial profits as needed.
Outlook:
The overall trend appears bullish, supported by recent price action and technical indicators. Keep an eye on market conditions and news that could impact the CADCHF pair, and adjust your strategy accordingly.
Feel free to adjust any specifics or add additional details based on your analysis!
"DAX Index Rises Ahead of ECB Meeting"In the U.S., the consumer price index increased by 0.2% in August, while the annual rise was 2.5%, aligning with forecasts. Following the drop in inflation, the likelihood of the Fed implementing a 25 basis point rate cut next week has risen to 85%. After this data release, market risk appetite increased, leading to intensified buying activity in the DAX index.
Today, there is an expectation of a 25 basis point rate cut in the European Central Bank (ECB) meeting.
Technically, on the upside if the price holds above the 18,500 resistance, buying could push the index first toward the 18,700 resistance and then to 18,900. if the 18,500 level is broken to the downside, a pullback could extend first to the 18,285 support and then to 18.075.
Gold Analysis September 12Fundamental Analysis
Gold prices rose on an overnight rebound from the psychological $2,500 mark and gained some positive momentum on Thursday. Growing acceptance that the Federal Reserve (Fed) will begin its policy easing cycle and lower borrowing costs next week turned out to be a major factor acting as a boost for the non-yielding yellow metal. That said, bearish bets on a larger Fed rate cut at the end of the September 17-18 policy meeting have pushed the US Dollar (USD) closer to its monthly peak and should limit gains for the commodity.
In addition, a generally positive tone around the equity markets is likely to undermine traditional safe-haven assets and deter traders from placing aggressive bullish bets around Gold prices. Furthermore, the recent range-bound price action and repeated failures to find acceptance above the $2,530-2,532 zone or the all-time high reached in August, make it prudent to wait for strong follow-through buying before positioning for further gains. Traders are now looking forward to the US Producer Price Index (PPI) for fresh impetus.
Technical Analysis
Gold prices pushed up to 2521 in the late Asian session and as the European session began, prices are being pushed back down. The area of interest is the 2512 zone as prices failed to break through until mid-European session, then BUYing back up to 2528 before the US. Breaking 2528 holds until the 2555.xx peak. In the opposite direction when the 2512 zone is broken, wait for retest to sell to 2500 and 2595. In case gold does not push to 12 but flies away, sell again in the 2528-2530 zone.
SELL 2543 - 2545 Stoploss 2549
BUY 2503 - 2501. Stoploss 2498
BUY 2496 - 2494. Stoploss 249
#AUDNZD 1DAYAUDNZD Daily Trade Overview
Trade Setup: Buy AUDNZD
Entry Point: 1.08100
Target Levels:
-Target 1: 1.10200
-Target 2: 1.11200
Description:
The AUDNZD pair presents a favorable buying opportunity on the daily chart. A buy entry is suggested at 1.08100, where the current technical analysis indicates potential for upward movement. This entry level is supported by recent price trends and a generally bullish outlook for the Australian Dollar relative to the New Zealand Dollar.
Target Levels:
1.Primary Target (1.10200):
This level serves as an initial profit-taking point. It reflects previous resistance and is a logical point for partial exit or to secure gains if the price moves in our favor.
2.Secondary Target (1.11200):
This is a higher target for those looking to capitalize on a more extended uptrend. It aligns with longer-term resistance levels and broader market trends.
Strategy:
Entry:Pl ace a buy order at 1.08100, observing price action around this level.
Stop-Loss: Implement a stop-loss order to manage risk and protect against unexpected price reversals. Position it below recent support to allow for normal market fluctuations.
Monitoring: Continuously monitor market conditions, economic news, and price action for any signs that might affect the trade's performance. Adjust targets and stop-loss orders as necessary based on evolving market dynamics.
Summary:
This trade setup offers a potential opportunity to capitalize on an anticipated rise in AUDNZD. The outlined targets provide strategic exit points for profit-taking, while appropriate risk management will help mitigate potential losses..
#GBPCHF 1DAYGBP/CHF Daily Chart Analysis
Resistance Level: 1.11300
On the daily chart for GBP/CHF, the current resistance level is established at 1.11300. This level represents a significant barrier where selling pressure has historically emerged, preventing the price from advancing further. Traders should pay close attention to this level, as a failure to break through could result in a reversal or consolidation.
Target Level: 1.08700
The target level for this analysis is set at 1.08700. This level is identified as a potential support or price target, where the market may experience buying interest or find a floor. If the price declines towards this level, it could indicate a possible area of accumulation or a reversal point, providing an opportunity for traders to adjust their strategies accordingly.
Summary
In summary, GBP/CHF is currently facing resistance at 1.11300, which could cap the upside potential in the short term. If the price struggles to breach this resistance, the market may head towards the target level of 1.08700, where support could emerge. Traders should monitor price action around these levels to gauge potential market movements and adjust their positions accordingly.
EURUSD - Technical Analysis [Long Setup]EURUSD
The current trend is bearish but a bullish divergence exists on the RSI indicator. Also, double double-bottom bullish reversal pattern is formed. Let's wait for confirmation. If it breaks lower high then we are in a bullish trend.
Trade Plan
Entry Level = 1.10551
Stop Loss = 1.10302
TP1 = 1.108
TP2 = 1.1105
EURUSD | Long From Support ZoneFollowing a recent inner descending channel on the EURUSD we have reached a key support zone where a potential pivot could create a lower high in the overall bull trend and surge the euro back up and out of the current inner channel.
With the key resistance zone lying around 1.12000 I can see price pushing to this level before either correcting back in the range or pushing above into the resistance zone and creating a higher high which would again validate the current market structure for the overall bull trend in ascending fashion.
What are your thoughts?
Hellena | SPX500 (4H): Short to 50% Fibo lvl area 5374.Dear colleagues, at the moment I believe that the price is in the upward impulse of wave “1”, I assume that soon it will end and the correction to the area of 50% Fibonacci level 5374 will begin. It is quite possible that the price is already completing wave “1” and the downward movement will start soon.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trading signals AUDNZDAUDNZD is in a downtrend. At the end of wave 5, we can catch a BUY signal to reverse the trend when a bullish 2 Dow pattern appears on the h1 time frame. TP 1 is at the old wick peak, equivalent to RR ratio 11. When breaking the trendline, we have TP2.
BUY AUDNZD scalping small Lot now zone 1.08200
↠ Stoploss 1.08000
→ Take Profit 1 1.08400
→ Take Profit 2 1.09200
GBPJPY (Forex) Short Setup 4h TF, going well - using RisologicalGBPJPY (Forex) Short Setup 4h TF, going well - using Risological
The chart is 4h time frame.
Entry and Stoploss are on the chart.
The current short trade trailing stop loss is at 190.4
We might see a pull back before going further downwards.
People who missed the short trade can enter at the pull back around 189.
All the best!
Bullish bounce?AUD/CAD has bounced off the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit.
Entry: 0.90284
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.89547
Why we like it:
There is a pullback support level.
Take profit: 0.91183
Why we like it:
There is an overlap resistance level which lines up wit the 61.8% Fibonacci retracement.
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EURUSD BEST ANALYSIS EUR/USD recovered last week but failed retreated since then. Initial bias remains neutral this week first Price actions from are still seen as a consolidation pattern In case of deeper retreat downside should be contained by retracement of to bring rebound Break of will resume larger rise towards high However, sustained break will indicate reversal and turn bias to the downside
XAU/USD : BIG Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price has once again reached the supply zone at $2523, and after reacting negatively to this level, it dropped as low as $2504! Now, the price has climbed back to the $2515 area, and with the NFP data set to be released in about 20 minutes, we must be cautious. If the NFP report exceeds the forecasted numbers, it will favor the dollar and hurt gold, potentially leading to a drop below $2500.
However, keep in mind what I mentioned over the past few days: since this is the sixth consecutive time that gold has reached this level, it might first break above $2532 to collect liquidity before the main drop occurs. So, be careful not to get stop-hunted and turned into liquidity!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
a quick position for eurusdhello guys.
as you can see eurusd made a rising wedge and broke it.
the target area is obvious!
We can get a long position in the retracement area!
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