EURUSD📈Super trend❗The four-hour chart of the EUR / USD pair. The currency pair broke through the resistance at the daily super trend line and continued its upward movement. This is a signal confirming the completion of the reversal pattern within which the next growth target is the main support / resistance level 1.1719 (4/8).
Trading solution: buy 1.1595 take profit 1.1719
Have a nice trade!
Fxsignal
XAUUSD🤑 Retest support line📈XAUUSD movement within the correction and goes beyond the descending channel. At the time of the publication of the forecast, the price of Gold is $ 1,768 per Troy Oz. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, indicating pressure from sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the level near the 1760 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1835.
Have a nice trade!
USDJPY💲Corrective reduction❗A breakout and confident fixation of the price outside the channel indicates an erroneous interpretation of the emerging wave situation. Probably, at the moment we have a large zigzag in which the wave is developing.
The specified wave, as it should be, takes an impulse form. It is possible that the formation of the wave was completed earlier, which means that in the future we are expecting a correctional decline within the framework of the development of the wave.
Potentially it looks very interesting, so it's worth trying to participate in this.
Investment idea: sell 114.20, stop loss 114.40, take profit 113.00.
Have a nice trade!
GBPUSD❗Three-wave formation?💲The British pound continues to hold on to the previously reached price values with all its might, and the earlier growth begins to acquire characteristic impulsive features. However, without two more waves, all of this could turn into a three-wave formation, which would indicate a correction, which means that the price will go down.
In this regard, it is recommended to take a break to observe developments outside of trading positions, or to buy cautiously with small targets.
Have a nice trade!
EURUSD📈Breaking through strong support?❗EUR / USD continues to move within the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the European sellers and a potential continuation of the fall in asset quotes from the current levels. At the time of the publication of the forecast for the Euro / US dollar rate is 1.1582. As part of the Forex forecast for October 18, 2021, we should expect an attempt to develop a price correction and test the resistance level, which is on the pair near the 1.1615 area. Further, a rebound down and the continuation of the fall. The potential target of such a movement is the area below the level of 1.1325.
Have a nice trade!
XAUUSD🤑 Retest support line📈XAU / USD quotes continue to move as part of the rise and the bullish channel. At the time of the publication of the forecast, the price of GOLD is 1796 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1770 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1845.
Have a nice trade!
USDCAD❗Retest resistance level⚡At the time of publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2370. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, indicating pressure from sellers and a potential continuation of the fall in the pair in the near future. At the moment, we should expect an attempt to develop a rise and test the resistance level of the 1.2455 area. Further, the rebound and the continuation of the fall of the currency pair on Forex. The potential target of such a movement is the area below the level of 1.2155.
Have a nice trade!
XAUUSD🤑Bullish scenario📈An additional signal in favor of raising the XAU / USD quotes will be a test of the support area on the relative strength index (RSI). The second signal will be a rebound from the upper border of the bearish channel. Cancellation of the option to raise the price of GOLD on October 14, 2021 will be a fall and a breakdown of the level of 1715. This will indicate a breakdown of the support area and a continued fall to the area below the level of 1685. Expect an acceleration of the rise in XAU / USD quotes with the breakdown of the resistance area and closing of the price above the level of 1825.
Have a nice trade!
USDCHF💲Head and shoulders!❗USD / CHF, an additional signal in favor of the fall of the Dollar Franc currency pair on FOREX will be a rebound from the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the Head and Shoulders reversal pattern. Cancellation of the option to drop the USD / CHF pair on Forex will be a strong growth and a breakdown of the 0.9405 area. This will indicate a breakdown of the resistance area and a continued rise in the USD / CHF quotes in the area above the level of 0.9635. It is worth waiting for confirmation of a fall in the USD / CHF quotes with the breakdown of the support area and closing the price below 0.9215, which will indicate the completion of the formation of the “Head and Shoulders” reversal pattern.
Have a nice trade!
EURUSD📈Resistance level ❗EUR / USD forecast assumes the development of a correction and a test of the resistance area near the level of 1.1615. Where can we expect a rebound and an attempt to fall in the pair to an area below the level of 1.1345. A test of the trend line on the relative strength index (RSI) will be in favor of reducing the currency pair. Cancellation of the EUR / USD pair fall option will be a strong growth in quotations and a breakdown of the level of 1.1715. This will indicate a breakdown of the resistance area and a continuation of the rise of the currency pair on Forex to the area above the level of 1.1995
Have a nice trade!
XAUUSD🤑 Retest support line📈The XAU / USD forecast implies an attempt to test the support area near the level of 1740. Further, the continued growth of quotations with a target above the level of 1835. Cancellation of the option to raise GOLD prices will be the fall in the value of the asset in the markets and a breakdown of the level of 1715. This will indicate a breakdown of the support area and the cancellation of the model ... In this case, we should expect the GOLD price to continue to decline with a potential target below the level of 1685.
Have a nice trade!
USDCHF💲Retest resistance line!❗USD / CHF forecast suggests an attempt to test the resistance area near the level of 0.9345. Further, the continuation of the fall of the USD / CHF currency pair with a target below the level of 0.9115. An additional signal in favor of reducing the dollar / franc pair will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 0.9405 area. This will indicate a breakdown of the resistance level and a continued rise in the pair with a potential target above the level of 0.9615.
Have a nice trade!
USDCAD❗Sidewayse range⚡USD / CAD forecast suggests an attempt to test the resistance area near the level of 1.2445. Further, the continuation of the fall to the area below the level of 1.2265. An additional signal in favor of a decline in the Canadian Dollar on Forex will be a test of the trend line on the relative strength index (RSI). Cancellation of the option to drop USD / CAD quotes will be a strong growth and a breakdown of the level of 1.2645. This will indicate a continued rise in the value of the asset with a potential target above the level of 1.2865.
Have a nice trade!
EURUSD📈Correction❗EUR / USD forecast assumes the development of a correction and a test of the resistance area near the level of 1.1585. Where can we expect a rebound and an attempt to drop the pair to an area below the level of 1.1325. A test of the trend line on the relative strength index (RSI) will be in favor of reducing the currency pair. Cancellation of the EUR / USD pair fall option will be a strong growth in quotations and a breakdown at the level of 1.1675. This will indicate a breakdown of the resistance area and a continuation of the rise of the currency pair on Forex to the area above the level of 1.1985.
Have a nice trade!
XAUUSD🤑 Retest support line📈GOLD Price Forecast and XAU / USD October 12, 2021 imply an attempt to test the support area near the level of 1740. Further, the growth of quotations with a target above the level of 1815 will continue. on the breakdown of the support area and the cancellation of the model. In this case, we should expect the GOLD price to continue to decline with a potential target below the level of 1685.
Have a nice trade!
EURUSD📉 Support level?❗The EUR / USD forecast assumes the development of a correction and a test of the resistance area near the level of 1.1595. Where can we expect a rebound and an attempt to fall in the pair to an area below the level of 1.1355. A test of the trend line on the relative strength index (RSI) will be in favor of reducing the currency pair. Cancellation of the EUR / USD pair fall option will be a strong growth in quotations and a breakdown at the level of 1.1665. This will indicate a breakdown of the resistance area and a continuation of the rise of the currency pair on Forex to the area above the level of 1.1975.
Have a nice trade!
XAUUSD🤑 Retest support line?📈The GOLD price forecast assumes an attempt to test the support level near the 1725 area. Then, the GOLD prices will continue to rise with a target above the level of 2065. A test of the trend line on the relative strength index (RSI) will be in favor of raising the quotes. Cancellation of the growth option for GOLD will be a fall and a breakdown of the level of 1655. This will indicate a continued decline in quotations to the area below the level of 1565.
Have a nice trade!
USDCHF❗Short 📉USD / CHF forecast suggests an attempt to test the support level near the 0.9175 area. Then, the continued growth of USD / CHF to the area above the level of 0.9765. A test of the trend line on the relative strength index (RSI) will be in favor of the rise. Cancellation of the USD / CHF growth option will be a breakdown of the support area and closing of quotations below 0.8915. This will indicate a continued fall of the pair with a potential target below the level of 0.8535.
Have a nice trade!
EURUSD📈Long❗EUR / USD forecast suggests an attempt to correct and test the resistance area near the level of 1.1795. Where can we expect the pair to continue falling to the area below the level of 1.0755. An additional signal in favor of a decline will be a test of the resistance line on the relative strength index (RSI). Cancellation of the option to drop the Euro / Dollar will be a strong growth and a breakdown of the level of 1.2275. In this case, we should expect the pair to continue to rise with a potential target at the level of 1.2735.
Have a nice trade!
Usd in recovery on YenThe algorithmic advisor Marketmiracle generated a LONG input signal for the currency cross USD JPY
The entrance price is 109.41 and the target price 110.5577 for a possible profit of 1.05
Market sentiment is positive so it should facilitate movement
Analyzing on the diagram I expect a movement of the prices like that indicated
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
#EURUSD #EURUSD
👉New forecast
The price returned to the lower part of the channel, failed to break through the strong resistance line.
Therefore, at the moment I expect them to go down - to the lower level of the channel.
In general, in such an unstable situation with my strategy, I advise you to wait a little.
EURJPY 03 05 2021EURJPY 03 05 2021
1 - false breakout of the resistance at 131.45 (the price has already returned to the line).
2 - strong resistance in July 2019 (border of an uptrend) without any breakout.
3 - the end of the growth, which has been from the beginning of January from the lower support of the channel 125.64.
Target - 127.98
** USDJPY ** sell trade currently open, lets see what happens.Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.