CADJPY Potential Bullish ContinuationOn an hourly timeframe, CADJPY printed a series of Higher Highs and Higher Lows. Using Fib Retracement tool, an Entry Price along with Stop Loss and Take Profit levels are suggested
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EurNzd could drop to 1.75 (500 pips)After the top near 1.85 in August, EurNzd dropped almost 1000 pips.
In October the pair started to recover, but failed to reach the previous high, instead found a strong ceiling at 1.82.
Since then, EurNzd tried multiple times to pass above this ceiling and dropped back to 1.8 each time.
1.8 acts as a very important psychological level but also as an important technical horizontal support.
A break of this support seems imminent and in such an instance, EurNzd could accelerate its decline to 1.75.
I'm bearish this pair and I'm looking to sell rallies for a good risk:reward.
Trigger my Long positions in Gold [XAUUSD]As my previous analysis My Long positions are open for the target of 1950.
Gold is extremely bullish due to Middle East tension rise war between the Islamist group Hamas and Israel poses one of the most significant geopolitical risks to oil, gold and currency market.
We see further increase in the gold price. Last week on Friday gold close at 1928$ per ounce.
Next Movement:
On Monday I see a gap up opening in gold price and now I am not entering any long position because of price is at top waiting for the pull back or retracement of 1915-1910 and than I enter buy positions with big quantity for the TARGET OF 1950- 1960.
GOLD BULLISH
USDCAD DAILY BREAKDOWN FROM A HIGHER TIMEFRAME VIEWPOINT Hello Traders, This the Daily Breakdown for FX:USDCAD on The daily timeframe we already took the monthly and weekly analysis you can check it on #Related ideas what new on this daily analysis!
The daily analysis we find our Daily setup entry on a discounted o price with a clear P.O.I below the FVG " Fair value Gap " or IMB, that what we found and we also indentified the daily range and our next Target which is 1.3670. We gonna refine the OrderBlock on the 4H So stay Tuned For it!!
✅USDMXN SHORT IDEA✅On 4H timeframe i am expecting USDMXN to be bearish
✅As per my setup and strategy I am expecting price to fall lower to Tracey 19.80200 before reaching their retracement is possible
✅For more accurate entry, look at 30M or 1H chart for better entry.
✅Plan risk management according to your requirements
Note :This is my personal opinion, do not take it as financial advise
EURGBP - 1M/1DAnother GBP pair that is looking really interesting where price seems like has broken a super strong monthly support, so if daily manage to stay and close below 0.8300 that works as point zero of this monthly support and bottom of the daily broken structure we might see a possible big drop of atleast 200 pips!
USD/JPY Signal - 11 Nov 2021USDJPY has bounced from the resistance trendline today. The pair has triggered a sell signal on the RSI, and ADX has reversed, signalling that the bullish movement has ran out of steam. We anticipate downside today into the 113.200 level.
USD/JPY Signal - 27 Aug 2021USDJPY is trending to the upside currently, having broken above the key resistance trendline. We anticipate continued upside into the resistance at the 110.500 level. The RSI is pointing to further upside, and price is showing signs of a continued trend.
EUR/GBP Signal - EUR ECB Speech - 25 Aug 2021EURGBP is trending to the downside at the moment prior to European Central Bank Speeches later today. Technically the pair has broken the bullish structure, and both the RSI and price action point to further downside. We are looking for continued downside into the 0.8505 level.
EUR/CHF Signal - CHF Trade Balance - 19 Aug 2021EURCHF has bounced from the daily trendline prior to the CHF Trade Balance data, which shows the balance between Switzerland's Imports and exports. Technically the pair has broken the bearish structure after a bounce from the higher time frame trendline, and we anticipate continued upside into the 1.0791 level.
AUD/NZD Signal - AUD Westpac Consumer Confidence - 10 Aug 2021AUDNZD is trending to the downside prior to the AUD Westpac Consumer Confidence data, which shows Wesptac's analysis of the consumer market. Technically the pair is trending to the downside and has pulled back into resistance at the trendline, the 200 moving average, and the structure zone. We anticipate continued downside.
GBP/JPY Signal - JPY Money Supply - 10 Aug 2021GBPJPY has broken the support trendline prior to the JPY Monetary Supply data, which measures all the JPY in circulation, encompassing notes and coins as well as money held in bank accounts. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rates.
Technically the RSI is bearish and the pair has broken the ascending trendline of a corrective move in a bear market.
EUR/AUD Signal - EUR Sentix Investor Confidence - 9 Aug 2021EURAUD is trading to the upside today prior to the EUR Sentix investor confidence data, which is a monthly survey which shows the market opinion about the current economic situation and the expectations for the next semester. Technically the pair has broken a descending wedge pattern to the upside, and the RSI is indicating a bullish move. We anticipate continued upside into the 1.6118 level.
EUR/GBP Signal - EUR Economic Bulletin - 5 Aug 2021EURGBP is trending to the downside prior to the EUR economic bulletin, which launches a new publication, the Economic Bulletin, to replace the ECB Monthly Bulletin. Technically the pair has bounced from resistance and is now below the moving average ribbon. We anticipate downside into the 0.8479.
EUR/JPY Signal - EUR Retail Sales Data - 4 Aug 2021EURJPY has done a break and retest pattern, with support now turned resistance prior to the EUR Retail Sales data, which measures the total receipts for retail stores in the Eurozone. Technically the forex pair has broken below a key level, and both the trendline and moving averages are above as resistance. We anticipate downside to continue into the 128.740 level.
USDCHF Quick Short, 2:1 R/RUSDCHF is trending to the downside, and we anticipate the movement to continue to recent lows. The CHF unemployment rate data is to be released within the hour, showing the number of people unemployed domestically. Technically the pair has broken trendline support and rejected upside, and we are looking for downside into the 0.8940 level.
NZDCAD long from hereMy advisor MarketMiracle generates a LONG input signal for the NZDCAD cross at a price of 0.87016 with a target of 0.89 for a profit of 1.73%.
The chart is compatible with the signal in fact the price is oscillating within a triangle and considering the marketSentiment that has passed from positive to negative and a constant upward pressure from large investors ( yellow wave ) You can expect a spill from the top resulting in retest of the previously touched levels.
The idea is also compatible with others that provide an appreciation of NZD and a depreciation of CAD
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
EURUSD 15min Signal: Possible ShortEURUSD has been largely affected by inflation concerns. While central banks offered easing measures to combat the impact of covid19 on the economies, the risk for inflation increased.
The market is still assessing the risks, which my trigger some volatility in basket of currencies. Regarding EURUSD, it may initially appear EURUSD may be positioned for corrective gains. A deeper look into the charts suggest EURUSD downtrend my resume.
To have a better entry, a break below the middle line (which is a must for the setup) may pave the way for stronger weakness towards the third line, which is the target of the signal.
The strategy is intentionally kept simple.
EURUSD US PMI Trading StrategyEURUSD reached a firm daily resistance. It is possible that the US data could trigger some USD strength, which will distance EURUSD from the resistance level.
The highlighted levels on the chart may be used for stops and take profit. The technical setup is for experienced traders. It is worth noting that brexit and US elections will add to the market volatility as we near the end of 2020.
The signal setup is intentionally kept simple.
GBPUSD 15min forex signal: Time to Long?GBPUSD reached a minor support on the 15min chart (marked in green), The lower support and resistance are marked in bue.
Should GBPUSD post a 15min close above the green line we may see some corrective gains towards 1.3220. The analysis is intentionally kept simple.
Most of the recent volatility across global markets is due central banks' monetary policies and the tension caused by the coronavirus.
EURUSD FX Signal: Bearish Signs or More Room to the Upside?EURUSD has been largely affected by the rising cases of covid-19 in the US as well as central banks' monetary policies. What has kept USD Weak is the US stimulus that is stuck due to disagreements between the Republicans and Democrats.
Based on the 4hr Chart it appears we may see some USD strength as the upper resistance is holding. The initial target is 1.1830. In an event EURUSD does post a 4hr close above the resistance it may pave the way for stronger gains towards 1.1940.
You may have noticed that the market has changed in the past several weeks, it may be due to the monetary policies of central banks across the word to combat the coronavrus impact on the economy.
USDJPY Trade Idea: The Strength of the 15min ReracementThe US Dollar (USD) weakened on Friday on reports a short-term funding bill will re-open the US government for several weeks (at least). Based on the 15min Chart USDJPY may have reached its support (as highlighted on the char), paving the way for corrective gains.
The potential target as well as the possible location of the protective stop are marked on the chart.
EURUSD Trading Signal: 'Hooking' a Rally?EURUSD suffered from moderate losses due the tension between Italy and the EU over Italy's 2019 budget. German exports were down in August, which added to EUR selling.
There has been sharp rise in US treasury yields, which caught some traders by surprise. The US treasury yields may continue to dominate many currencies in the FX markets. The technical signal for EURUSD is fairly straightforward.
Am rifbreak above the hourly resistance (in green, preferably an hourly close) may pave the way for stronger gains towards the latter resistance (in blue).
