EURGBP ready for the UptrendPrice has broken resistance level around 0.8632. Pair is about to go up. Let's join in on the uptrend. Look for your buy setups.
Forextradingzones
In a descending channelHello guys
As you can see, it is located in a descending channel, which is newly formed
And, of course, dynamic supports and resistances are also involved, and now the lost support that plays the role of resistance prevents the canal roof from being touched. Do not withdraw support is likely to touch your support.
Good pound positionsHello guys
As you can see it has reached a minor resistance to which it is apparently reacting
But we have to wait to see if it breaks the resistance and stabilizes above it, or if it wants to return to support, and we can also look at the dollar index.
If the resistance is broken and it is proven above it, a good position can be taken with its pullback, and also if the support returns, a good position can be obtained.
Overall, the pound is up because the market is lower than in previous data.
Trade setup for AUDJPY - Week 17/May/2021This is my idea for AUDJPY in coming week, while there's a Q1 GDP news coming on Monday/Tuesday. The forecast is -1.20%. Technically AUDJPY is back to an uptrend. A good entry if there's a pull back.
AUDUSD POSSIBLE SELL! Hey traders! In this chart, I have a level marked out where price is very responsive to in terms of resisting or the level acting as a support. As we see, price has approached this level again, and so I was looking for opportunities for either a sell or a buy; considering where price went. On the 15-minute time frame, I can see a bear flag has been formed and a trend line I had also marked earlier- on the smaller time frames- has also been broken through.
What are your ideas? I am 3 months into forex trading and so any constructive criticism would be highly appreciated!
AUDUSD reviewDescription :
If we examine the medium-term situation:
Consisting of a 6-month uptrend line and a strong resistance against which we see strong price reactions in the daily time frame, this line is likely to maintain the price trend and touch the resistance and return because the dollar index is also near its bottom. And it is likely that at that time the dollar will start to rise and return.
However, the short-term situation can be expected to fluctuate in the small channel that has been formed, but it also has resistance to which the price is likely to react, but it will probably be overcome by an upward trend.
Likely to start a stronger dollar against the Canadian dollar
Hello guys
We see almost 5 years of support and resistance, which have a good reputation and about 4 years have passed since the last touch.
Some people believe that the short-term memory of the market is more important. Yes, sometimes this is true, but sometimes in situations of the long-term memory market it is especially important. If we want to enter, it is better to enter in 1.2 than the stop rate. Be less.
During this time, we all saw that the Canadian dollar prevailed, and the reason for this was the declining trend of the dollar against the Canadian dollar, and now it is better to change the scenarios a little.
AUDNZD Long!AUDNZD is about to buy long term into the resistance zone to continue its uptrend. There are three very strong confirmations :
Double bottom on the support level, clear breach of the countertrend line and retest of countertrend line.
This is a 100% sure trade!
Forex is meant to be simple. All depends on the criteria used in judging the markets. The simpler the better!
Investors serious in investing should contact for more info. Will be posting more analysis!!!
USDJPY long.USDJPY for the past few weeks was trending down by the resistance effect creating a downward channel but recently the downward trendline was invalidated by the upward push, signaling a major change in trend. Take profit at previous resistance.
This is simple but excellent price action analysis!!
Start climbingHello guys
We have been waiting for the defeat of the resistance for a long time, and now it is apparently broken and plays the role of support
It is only very important that it is fixed on top
It is located in a long-term uptrend channel, which apparently tends to start an uptrend after hitting the bottom of the channel, but it will be very difficult for it to touch the channel ceiling because it has a strong and long-term resistance with many collisions, but now We have to see if it can maintain itself above the newly broken resistance.
I ANALYZE FOR YOUR COMFORT - EUR/USD The previous analysis was validated by the Market, EUR / USD rising to the resistance marked with a red line. We are starting this so-called "inflation week", because many countries will report their inflation indicators these days. Depending on the European and American indicators, the route of this pair will be decided. However, I would predict that there are more chances as EUR / USD to continue ascending, provided that it first overcomes this resistance.
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US100 AnalysisToday's Analysis Bias: Long; We have previously broke market structure and retested.
Reason: Market has recently formed a double bottom and according to the theory of trading, 'Double bottom' is a reversal pattern to the bullish side.
We have our break and retest.
Have a Profitable Week.
Japanese Yen or US Dollar?Hello guys
We see that it has strong support and an upward trend line that it supports
But there is a newly formed downtrend line that we have to wait to see if the trend line is broken or further support will be lost but support has more power and is more likely to break the trend line but there is no certainty and the index should move Let's also look at the dollar.
If support is lost, we should see more falls, but if the trend line is broken, at least the climb to the nearest peak will be.
Probability of price riseDescription :
As you can see, it is touching the uptrend line for a relatively long time and after the price climb and touching its resistance, it could not stabilize above it and has formed a relatively strong downtrend line. If the uptrend line is maintained, witness the uptrend. We will have a downward trend and then we will see a return, but if the ascending trend line is lost, we should see more falls.
Probability of price rise
As you can see, a downward trend line has been formed that seems to be very strong. It has now reached a support that we think is strong enough that it will not break easily because its touch points are high. We are currently witnessing a strong compression. If this compression is broken, we will see a strong downward or upward movement.
If support is maintained, we may see the price approach the trend line, but if it breaks, we may have to wait for the next support.
NZDUSD Short prior to RBNZ inflation expectations!NZDUSD has traded into resistance today prior to the RBNZ Inflation Expectations information, which shows the Royal Bank of New Zealands outlook at future inflation rates. Technically the pair is at a support resistance structure zone, performing a retest of a broker trendline, and the PPO is giving bearish divergence. We anticipate downside into the 0.7163 level.
US30 Analysis.We have seen US30 (also known as Dow Jones) decline for two weeks now, bearish movement all the way.
On Today's analysis Bias: Short Bias
Based on the break of previous market structure, wait for retest.
Entry: Enter upon retest.
All the best!!
USDCAD MINIMUM 500 PIP MOVE UP!!!Hey everyone! Upon analysis today I came across the USDCAD pair. Now looking at monthly and weekly timeframes I identified a valid support which price has respected as you can see. So, price should begin to move up eventually. However, I will wait for price to go down a little more and then reverse or show immediate bullish strength. We shall see though. Comment down any ideas or suggestions! I have been only trading for a few months so apologies if my knowledge is limited.
Usd/Jpy Long Idea So this pair i have had my eye on it all week. Touching Monday London session, we seemed to be in a downward channel which we evidently broke out of due to an increase in buying pressure. Having a bullish overall trend on this pair on the weekly timeframe i deemed it to only be accessible to buys for the moment, so this is a perfect opportunity to have a set order at the current price I have it at. Looking down the 4hr, a point of previous support and a new resistance has been formed, which is clearly visible, so price action itself is looking clean and healthy, which enticed me to look for further confluences to pin point a entry. Drawing the Fiboncci tool from the last bearish candle push to the recent high, we mark our entry just at the 61.8 level, which is perfect in my opinion. Secondly, we saw the ATR is just below our entry point by 3 pips, which gives a strong indication that we won't over extend to the downside. My stop loss is placed just underneath a 1hr High low as if we were to see a break of that level i would deem the trade to be invalid. Take Profit is at a weekly resistance, but you know what they say, the more you hit something, the likely hood of it breaking, so if we do reach our target i would be looking for longs again to support the overall trend.
GBPJPYhere's my analysis for GJ
we could see it respect the trendline, and follow the market structure
Looking for a nice long on USDCHFThe marKet seems like it tapped into a nice demand zone and could possibly push higher for the next 2 trading sessions.
We'll see how it plays out.
