Get started

Forextrading

Tue 22nd November 2022 Daily Forex Charts : 7x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 7x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/CAD Sell, AUD/USD Sell, GBP/JPY Buy, GBP/NZD Buy, USD/CAD Buy, USD/JPY Buy & XAU/USD (Gold) Sell. A few of these are higher risk and there is obviously some correlation here, so be aware of risk % per trade and overall risk. Enjoy the day all. Cheers. Jim
OANDA:XAUUSD
by JAGfx
6
Failed high, could the USDCAD continue lower?Happy Friday, TradingView community, today’s focus is on the USDCAD after sellers forced a failed high in yesterday’s session. Yesterday’s price action was interesting as it showed buyers had little fight above 1.3350, with weaker oil prices. Philly fed manufacturing index may have also influenced as it dropped to -19.4, well below the -6.0% expected. Let's get back to price and the current trend pattern, as that’s the main evidence I’m following. Yesterday’s failed high maintains a normal trend as the series of LHs and LLs continues. We are looking to see if sellers have control and if they now set a new LL confirming yesterday’s LH and maintaining the series. A move down to 1.3250 that stalls and reverses is a warning. If buyers can break 1.3350 after holding at the support could be a warning of a short-term change in momentum. We want to see a new leg lower from sellers that can test and break below 1.3250 support and the 1.3221 low. This will continue to trend pattern and could tell us that the downtrend has further to run. Traders will also need to keep an eye on oil prices as they could also have an impact on the current picture. Thanks for stopping by. Good trading and have a great weekend.
Short
by Eightcap
4
Trading Analysis eur/usd 11.11.2022Welcome to the BasicTrading channel. My name is Philip and in todays analysis I quickly go over the situation which we currently have on EUR/USD. I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities. If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow. Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
by basictradingtv
4
Thu 3rd November 2022 Daily Forex Charts : 5x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 5x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/USD Sell, GBP/CHF Sell, GBP/USD Sell, USD/CAD Buy & USD/JPY Buy. A few of these are high risk and there is obviously some correlation here, so be aware of risk % per trade and overall risk. Enjoy the day all. Cheers. Jim
by JAGfx
10
Forex Update: AUDJPY, EURJPY continuation watch Hi, and welcome to Monday's update. Today's focus is on AUDJPY and EURJPY. Will we see intraday continuations? Today's video covers the 4H, but these trade ideas are seen from the 6H timeframe. We have confirmation with the CCi making a zero bounce in an uptrend with the MA supporting with an up angle. Price has made a new HL, and the AUDJPY has formed a new HH. We would like to see the AUDJPY break 95.16 to trigger the buy idea and the EURJPY continue to trade above 147.36. If both markets can continue to move higher, we would like to see the E/J break 147.70 resistance and both pair rally back up to test/break last week's highs. If both markets move lower for the next two 4-hour bars, we would see this as a warning and that buyer momentum might not be that strong. So far today, we are witnessing decent buying from the majors to the jpy, so based on the patterns, we are looking for that to continue. Good trading, and enjoy your Monday.
Long
by Eightcap
Bears hungry for a BIRD sandwich: Sell NZD?There are three days of longs in the market and little in the way of a shake-out, at least below Tuesday's US session lows of 0.5646. The price action took break-out traders up into the 0.5720 area only to be hit by strong sellers, resulting in a move into Day-2 longs from the Asian and the European session and in doing so, causing a vacuum of bids that resulted in a break of the trend line. This may encourage further selling below the US session highs for the day ahead and risks a sell-off, potentially back towards the lows of the week and into Day-1 longs. The bearish flag that is already looking pretty mature and the prospects of a head and shoulders topping pattern only go to reinforce the bearish thesis for the day ahead.
Short
by Ross-J-Burland
1
V reversal watch on GBPUSD and EURUSDHi, and welcome to Thursday’s update. With all the recent buying of risk currencies to a retreating USD, we have noticed a V reversal pattern forming on the GBPUSD and the EURUSD. A V reversal pattern is, basically as it sounds, a price pattern that is shaped like a V. The pattern can show firm demand as buyers fight back quickly, matching the previous selling. After the V pattern, we like to see a new reaction lower, with buyers breaking the last high to confirm the pattern. At this stage, we are waiting to see if buyers can break that high on both pairs to confirm the pattern. If today’s rallies fail and we see the GBPUSD and the EURUSD break yesterday’s low, this would be seen as a warning, and it could also be telling us that buyer strength is not strong as first thought. This Friday’s U.S. employment data could also be a factor for the current pattern, and USD strength obviously could make or break this pattern. Traders will be paying attention to its release this Friday at 8:30 am EST. We like to hear from you, so please feel free to drop us a comment. We also run weekly webinars with guest analysts.
Long
by Eightcap
Fri 30th September 2022 Daily Forex Charts : 7x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 7x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a EUR/JPY Buy, EUR/USD Buy, GBP/AUD Buy, GBP/JPY Buy, GBP/NZD Buy, GBP/USD Buy & NZD/CAD. A few of these are high risk and there is obviously a lot of correlation on the GBP pairs, so be aware of risk % per trade and overall risk. Enjoy the day all. Cheers. Jim
Long
by JAGfx
14
EURUSD - Regression Channel SINCE 2008Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 In today's update, we're taking a quick look at the Forex pair that everyone is watching👀 - the EURUSD. When viewing from a macro perspective on the monthly timeframe, it's clear that the Euro has slowly been losing steam, actually since 2008 already! And during this time, the regression channel has NEVER broken. Resistance zone at the top (blue channel) and support zone at the bottom (red channel). I've also added two of my own yellow trend lines to confirm the meeting point in the middle, this could be an indication of an important zone to watch. I'm leaning to possible rejection here after recovery towards the upside. Currently, I expect the price to continue trading in this channel and I suggest that the best way to trade this pair is to buy support and sell resistance with the dollar cost average method. Unfamiliar with the dollar cost average method? More info HERE: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
20
AUDUSD continues to hold at a last line of defence.Hi, thanks for tuning in for today's update. Today we're looking at the AUDUSD as, despite Tuesday's crunching price, contuse to hold at a well-established demand and support area. There are a few things happening with the AUDUSD atm. First, we can see firm support at the 6720 area. We can also see OBV presenting rough divergence, but it's not what you would call a classic example. Tuesday's sell-off could be an overreaction and possibly an exhaustion bar. For us, the case is rather simple. While the support area holds, we will look for buyers to continue to hold out and possibly set up a new move higher if they can gain momentum. A lot will come down to the USD for this to happen. If price breaks support, we will look for further downside. A leading factor to watch out for today is US retail sales, and a hot figure could boost the USD as the market remains sensitive to inflation. US retail sales data will be released today at 8:30 am EST. As always, we like to hear back from the community. Please feel free to share your comments about the AUDUSD or the USD. Have a great Thursday and good trading.
by Eightcap