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NAS100 WITH AYANDANXUNALO_SAI am currently looking at selling nas100 we will be Selling NASDAQ once it retests my trendline forming a lower high after that low it has printed... As we know nas100 goes in correlation with Dollar index , the dxy is currently at a very significant area where it has just retested our up trending Resistance and we are expecting it to drop... Once the Dollar Index Drops then we will be looking at selling nas100 and almost all pairs with the Dollar as Base Currency How Ever we will be reactive and not predictive towards this trade
FX:NAS100Short
by FX-ICONs
1
EUR/USD Analysis and market prediction Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The EUR/USD rebounded from a new cycle low and recovered to 1.1461 before soon falling back below 1.1450. The couple is ready to end the week under duress, unable to make a powerful comeback. The euro is likely to reach its lowest weekly closing against the US dollar since July 2020. It is still under pressure, and the recent rally was viewed as an opportunity for traders to sell EUR/USD. It seems like the market is trending in a downward channel pattern with no signs of a breakout yet. Possible Scenario for the market : The market is trading at 1.14470 with a strong Bearish momentum in a downward channel and it is expected to drop even lower next week, reaching the first support line located at 1.14080 where we might see the Bulls trying to take back control in hopes of driving the market back up. in case the bulls couldn't take control we could be seeing a further drop that will reach the 1.13240 level. Technical Analysis shows : 1) The market is below the 5 10 20 50 100 and 200 MA and EMA (Strong Bearish sign) 2) The MACD is below the 0 line indicating a Bearish market with a negative crossover between the MACD line and the Signal line. 3) The RSI is at 34.40 showing weakness in the market and getting closer to the oversold zone. Support & Resistance points : support Resistance 1) 1.14080 1) 1.16170 2) 1.13240 2) 1.17220 3) 1.11769 3) 1.18310 Fundamental point of view : Economic data in the US showed the US University of Michigan Consumer Sentiment index dropped unexpectedly to the lowest level in 10 years at 66.8 against expectations of an increase to 72.4. “US consumer confidence is being threatened by the rising cost of living. Thankfully the relationship between spending and sentiment has been weak for a number of years and the strong underlying economic position means spending will continue to grow. Meanwhile, people continue to quit their jobs in record numbers as pay rates rise, The numbers triggered a decline in US yields and weighed on the greenback. The US Dollar Index turned negative for the day, retreating from one-year highs. The EUR/USD failed to benefit strongly from the weaker greenback, and it remains near weekly lows, showing that the bearish pressure persists This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Short
by GabiDahduh
EURUSD Bullish Correctionafter EURUSD experienced an impulsive bearish move. I predict that EURUSD will make a bullish correction. Because according to the Fibbonaci measurements that I did. Currently the price has touched a crucial area, namely the three golden fibbonaci areas meet each other and form a cluster. I also saw on the stochastic indicator, the price has been moving in the "oversold" area for a long time, so there is a possibility that it is time for the price to get out of the "oversold" area and starts make bullish correction movement. I predict the price will move up between 1.14888 to 1.15136 using the previous resistance reference. Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.
by ivanderyoshua
AUDCAD MAY GO LONG ACCORDIN TO MY TECHNICALS (24/10/2021)Disclaimer:- Educational Analysis says AUDCAD may go LONG according to my technicals. This is not an entry signal. I have no concern with your profit and loss from this analysis. Why short? On 15 min timeframe pair is making lower high and higher high which make break of previous structure. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. ADDITIONAL CONFIRMATION IS THEIR ARE TWO DOUBLE BOTTOM WHICH HAVE APPEARED AT SUPPORT ZONES ENTRY 0.92312 STOP-LOSS 0.92196 (11.8 PIPS) TAKE PROFIT 0.93004 (69 PIPS) RISK TO REWARD RATIO IS 1:5.85
Long
by VishalBudhrani
1
EURUSD | Intra Day Shorts?EURUSD shorts that unfolded earlier today around 1.16587, It presented as a clear trade setup (H&S) as most of us know about this pattern but very few understand the technicals behind it and how it should be traded, I personally didn't take this trade as i was not trading during this time and mostly focus on (London Open) but thought I'll share this anyways and hopefully it might help someone here in their (Trading Journey) so back to the technicals... Entry level would be off the right shoulder that's lined up with our 61.80% fibonacci level and stops can be placed above previous candle closure and 78.50% fibonacci level, any price break above this will indicate a trend reversal and to manage our trade, we would want to be stopped out before the massive move happens. So stops would need to be placed above this level and traded at 1% risk or lower, I personally take all my trades at 0.25% risk regardless how right i am with trading, my main focus in trading is capital protection and it should be yours too. Exit levels on this will be the -23.00 | -61.80% fibonacci. This is one of many profitable setups that can be traded, however - my best advice is to find one setup and stick with that daily, weekly. I will start posting more content and trade idea's here later this week. I'm enjoying it. Kind Regards.
Short
by UnknownUnicorn14323489