Freeforexsignals
AUDCAD May Keep Going Higher 🇦🇺🇨🇦
AUDCAD set a new higher high higher close on a daily,
after a release of the yesterday's US fundamentals.
The pair successfully violated a resistance line of a wide horizontal range on a daily.
We can expect a further bullish continuation now.
Next resistance - 0.918
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EURCAD: Strong Potential to Drop Lower 🇪🇺🇨🇦
EURCAD has a nice potential to drop lower
after a false violation of a key horizontal resistance.
The price just formed a strong bearish imbalance,
confirming a bullish trap.
I think that the pair may keep falling to 1.4847 support.
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CADJPY: Bullish Outlook Explained 🇨🇦🇯🇵
CADJPY is trading in a bullish trend on a daily.
Last week, the price set a new higher high higher close,
violating a strong horizontal resistance.
The market opening turned out to be bearish.
The pair is currently testing a contracting demand zone
based on a broken structure and a solid rising trend line.
I think that the market may resume the growth soon.
Next resistance - 115.8
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USDCAD: Bullish Confirmation?! 🇺🇸🇨🇦
USDCAD leaves multiple bullish clues after a test of a key daily support.
One of those is a bullish breakout of a resistance line of a falling parallel
channel on an hourly time frame.
The pair may bounce today.
Goal - 1.3685
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USDCAD: Time For Pullback?! 🇺🇸🇨🇦
USDCAD looks quite overbought after a strong bullish rally that we saw last week.
The price stopped growing after it reached a key daily resistance.
We see a formation of a double top on that on an hourly time frame
with a confirmed neckline violation.
We may see a retracement from the underlined structure
at least to 1.3729
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USDCHF: Waiting For Bearish Continuation 🇺🇸🇨🇭
USDCHF looks quite overbought after a test of a key daily horizontal resistance.
As a confirmation, the price formed a double top pattern on a 4H time frame
and violated its neckline.
I think that the pair may test 0.8993 level soon.
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EURUSD H4 1 March 2024EUR/USD, H4
The EUR/USD pair has pulled back from its technical rebound observed in the previous session but found support at the 1.0800 level. The U.S. dollar strengthened following the release of the U.S. Personal Consumption Expenditures (PCE) index, which aligned with market expectations, hinting that a Federal Reserve rate cut might not be imminent. This outcome has influenced the dollar's resurgence. Concurrently, market participants are now keenly awaiting the release of the Eurozone's Consumer Price Index (CPI) data scheduled for today.
EUR/USD declined but is currently supported at above 1.0800 levels, given a neutral signal for the pair. The RSI has been hovering in the lower region while the MACD is on the brink of breaking below the zero line, suggesting the bearish momentum has overwhelmed the bullish momentum.
Resistance level: 1.0865, 1.0954
Support level: 1.0775, 1.0770
CADJPY: Waiting For Confirmation 🇨🇦🇯🇵
CADJPY is trading in a bullish trend.
After setting a new higher high higher close on a 4H time frame,
the pair started to consolidate within a horizontal trading range.
I am waiting for a bullish breakout of the resistance of the range.
4H candle close above 111.76 will indicate the strength of the buyers.
A bullish continuation will be confirmed then.
Next resistance will be 112.0
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AUDCHF: One More Trend-Following Setup 🇦🇺🇨🇭
Update for AUDCHF.
Earlier, we spotted a confirmed daily structure breakout on a daily.
The price formed multiple bullish confirmations on a 4h time frame then.
First, the price formed a bullish flag and violated its resistance.
After that, the price managed to violate a resistance line of a horizontal range.
Sentiment is very bullish on the pair.
We can anticipate a continuation at least to 0.5775
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USDCAD: Bullish Move From Trend Line 🇺🇸🇨🇦
USDCAD reached a major rising trend line on a daily.
The price formed a double bottom, with a higher low on 4H approaching that.
Its neckline was broken then.
Probabilities will be high, that the pair will bounce soon.
Targets will be 1.3476 / 1.3516
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GBPJPY New Entries + Exits (Best Reverse Strat Ever)My forex course regarding my strategy in full is now AVAILABLE!
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
US30 New Entries + Exits (Best Reverse Strat)My forex course regarding my strategy in full is now AVAILABLE!
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!