NZDCHF: Bear Trap & Pullback From Support 🇳🇿🇨🇭
It looks like we have a bearish trap on NZDCHF after
a test of a key daily support.
The price went way below that but recovered steadily,
forming a double bottom pattern.
A formation of a bullish imbalance candle on an hourly
indicate a very likely bullish movement.
Goal - 0.5035
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Freeforexsignals
MarketBreakdown | EURUSD, GBPUSD, USDJPY, AUDUSD
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸
For the last 2 weeks, EURUSD shows a strong bearish momentum.
The price managed to break and close below a key daily support cluster.
A strong bearish reaction that followed after its retest confirms a strong
selling pressure.
I think that the pair has a potential to drop lower this week.
2️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸
In comparison to EURUSD, GBPUSD looks very stable.
The pair is consolidating within quite a wide range on a daily.
For now, probabilities are high that sideways movement will continue.
Consider trading the upper and lower boundary of the underlined channel.
Alternatively, a breakout of one of the underlined structures will give you a strong
bullish/breaish signal.
3️⃣ #USDJPY daily time frame 🇺🇸🇯🇵
Looks like the market is returning to a mid-term bearish trend.
The price is currently breaking a support line of a bearish flag pattern.
A daily candle close below its support will provide a strong bearish confirmation.
4️⃣ #AUDUSD daily time frame 🇦🇺🇺🇸
I see a completed head & shoulders pattern on a daily.
The price is currently breaking its neckline.
A daily candle close below that will provide a strong bearish confirmation
and suggest a highly probable bearish continuation.
Do you agree with my market breakdown?
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USDCAD: Bullish Outlook For Next Week Explained 🇺🇸🇨🇦
There is a high chance that USDCAD will keep rising next week.
A test of the underlined blue support triggered a strong bullish reaction
and a breakout of a resistance line of a falling wedge pattern.
I think that the pair may rise and reach at least 1.4357 level.
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NZDUSD: Bullish Move From Support 🇳🇿🇺🇸
NZDUSD looks strongly bullish after a test of a key daily support.
As a confirmation, I see a nice bullish imbalance candle on an hourly
and a double bottom formation.
The pair may rise at least to 0.57323
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EURGBP: Bearish Outlook Explained 🇪🇺🇬🇧
A recent breakout of a minor daily support on EURGBP
is a reliable bearish signal.
It shows a mid-term dominance of the sellers.
I think that the price can drop at least to 0.831 support soon.
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CADJPY: Intraday Bearish Reversal?! 🇨🇦🇯🇵
There is a high chance that CADJPY will retraced from the
underlined blue resistance.
I see strong bearish confirmation on an hourly time frame:
a formation of a bearish imbalance and a change of character.
I expect a bearish move to 105.05
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AUDCAD: Bearish Move From Resistance 🇦🇺🇨🇦
There is a high chance that AUDCAD will retrace from the intraday resistance.
A bearish movement after an extended consolidation on an hourly time frame
provides a reliable bearish signal.
I expect a down movement at least to 0.901
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GBPJPY: Pullback From Resistance 🇬🇧🇯🇵
There is a high chance that GBPJPY will retrace from the underlined
resistance zone.
A formation of a bearish engulfing candle indicates a strong
bearish pressure.
With a high probability, the price will drop to 194.0 level.
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CADCHF: Very Bearish Candlestick 🇨🇦🇨🇭
CADCHF formed the insidebar pattern after a test of a strong resistance cluster.
Bearish breakout of its range is a strong intraday bearish signal.
I expect a retracement from the underlined area at least to 0.514 level.
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NZDJPY: Time For Pullback 🇳🇿🇯🇵
I see a nice opportunity to buy NZDJPY after a test of a key daily support.
As a confirmation, I spotted the insidebar pattern with a breakout
of the upper boundary of its range.
I expect a bullish movement at least to 85.75
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NZDCAD: Bearish After the News?! 🇳🇿🇨🇦
NZDCAD turned bearish after a release of Canadian Inflation data.
The price retraced from a key daily resistance and broke
a support line of a rising parallel channel on an hourly time frame.
The market may drop at least to 0.8293
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AUD_NZD LONG SIGNAL|
✅AUD_NZD is going down to retest
A strong horizontal support of 1.0947
And the pair is clearly oversold
So after the price hits the support
We can go long on the pair expecting
A bullish correction with the
Take Profit of 1.0965 and
Stop Loss of 1.0939
LONG🚀
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NZDCAD: Strong Bullish Signals 🇳🇿🇨🇦
I see 2 strong price action confirmations on NZDCAD:
the price broke a resistance line of a bullish flag
and then formed a confirmed change of character CHoCH on a 4H.
I think that the market will continue a bullish rally.
Next resistance - 0.83
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AUD-USD Support Ahead! Buy!
Hello,Traders!
AUD-USD is going down
And will soon retest a
Horizontal demand level
Of 0.6260 from where we
Will be expecting a local
Rebound and a move up
Buy!
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Check out other forecasts below too!
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EURCHF: Correctional Movement Started 🇪🇺🇨🇭
EURCHF started a correctional movement after a test of a key daily resistance.
Inverted cup & handle pattern on an hourly time frame on that
provides a strong intraday bearish confirmation.
We can expect a bearish continuation at least to 0.96 today.
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GBPCHF: Pullback From Support 🇬🇧🇨🇭
There is a high chance that GBPCHF will pullback from the
underlined blue intraday support.
As a confirmation, I see a cup and handle pattern on that
and a breakout of its neckline.
Goal - 1.1367
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GBPCAD: One More Wave Ahead?! 🇬🇧🇨🇦
GBPCAD is positioned to continue rising to new highs.
A bullish breakout of a neckline of the ascending triangle
pattern on a 4H time frame provides a strong trend-following bullish signal.
With a high probability, the price will reach 1.868 level soon.
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EURCHF: Rise After the News 🇪🇺🇨🇭
Looks like EURCHF may continue growing after the release of US news today.
A breakout of the resistance of the range on an hourly time frame
provides a strong technical confirmation.
Goal - 0.959
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EURJPY: Bullish Move From Support 🇪🇺🇯🇵
EURJPY looks bullish after a completion
of a consolidation on a key daily/intraday support.
A formation of a bullish imbalance candle provides a strong bullish confirmation.
I think that the price will go up and hit at least 160.33 level.
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EURGBP: Bearish Chart Pattern?! 🇪🇺🇬🇧
EURGBP broke a support line of a symmetrical triangle pattern
after a test of key daily resistance.
I think that the pair may retrace at least to 0.836
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