FXSJust Short hold and sleeping...
set the target you want. this will brighten your day.
please dont forget your money mangement.
your margin your energy!
Fxsignals
EUR/CAD poised for bullish breakout?This week features some key macro events from Canada. The BoC rate decision on Wednesday and Canadian jobs report on Friday will be the highlights. Earlier today we had a disappointing Ivey survey.
The BoC is not expected to hike rates further after a total of 425 basis points worth of interest rate rises. The central bank signalled at its previous meeting that it would pause to digest the impact of the last tightening. We have seen weakening growth, and slowdown in inflation, although job creation has been above forecast. Will we see another strong showing from the jobs market on Friday?
Ahead of that is the BoC decision on Wednesday. If the central bank stays pat on rate hikes, then this could pave the way for more gains for the EUR/CAD, especially if Governor Tiff Macklem opts for a less hawkish language in the policy statement.
The area around 1.4600 to 1.4650 had been strong resistance in the past. But with the BOC potentially pausing its hiking and ECB likely to tighten its belt further, we could see an eventual breakout. Will that happen this week?
By Fawad Razaqzada
Follow Fawad @Trader_F_R
SasanSeifi💁♂️AUD/NZD.6H UPDATE🔥😍✅ 127 PIP HI TRADERS ✌As you can see, according to the scenario, the price was able to correct about 127 pips up to the correction target range of 1.087/1.084🔥✌. It is currently trading in the range of 1.084. We can expect a positive reaction from the range of demand zone.It should be seen how the price will react to the specified ranges. Otherwise, if the price penetrates below the range of 1.074 and stabilizes, the possibility of further correction can be considered.
❎ (DYOR)...⚠⚜
What Do you think about this analysis? I will be glad to know your idea 🙂✌
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USD/CHF testing key resistance following mixed US dataToday’s US data releases didn’t cause a massive reaction, which means the dollar has remained supported – for now. Among the dollar pairs to watch for a potential upside breakout is the USD/CHF.
US GDP was revised unexpectedly lower to 2.7% from 2.9% in the initial estimate, but this was offset by GDP price index, which was revised up to 3.9% from 3.5%, meaning more inflation. GDP is backward looking data, so the market has not attached too much importance to it. More to the point, the jobs market remains hot, and we saw more evidence of that today with unemployment claims falling to 192k, well below expectations.
This should keep the dollar bulls happy I reckon. Core PCE price index (Fed’s favourite measure of inflation) is due tomorrow.
The USD/CHF was testing an important resistance area around 0.9325 to 0.9370ish. Previously this area was resistance. We have already seen price break above the short-term bear trend and the 21—day exponential moving average. What the bulls will want to see next is a clean move above the aforementioned resistance area to completely turn the tide. Specifically, a move north of 0.9410 could trigger a short-squeeze rally towards the 200-day average at 0.9575.
Meanwhile, the bears will now want to see a clear evidence of price topping out, before potentially stepping in on the short-side. A move below this week’s low at 0.9220 could be the trigger they are looking for.
As things stand, the bulls are edging it, but now need fresh impetus to move rates above that 0.9325 to 0.9370 resistance range, in order to trigger fresh follow-up technical buying.
-- Written by Fawad Razaqzada, Market Analyst with FOREX.com
Follow Fawad on Twitter @Trader_F_R
NZDCAD Short swing-Price is currently downtrend
-Right now, the price made a retracement into previous support and Fib. Level 61.8%
- The take profit levels are 0.83740 and 0.83500
FXS : INCREASE VIEWFXS showing depending on low time frame increase view.
we will follow this coin to check the trend out.
🌠We will monitor FXS to see if it shows any upward movement on the lower time frames. If the trend looks promising, we will continue to track it beyond the initial 24-hour period
GBPCAD: Pullback Trade Explained 🇬🇧🇨🇦
GBPCAD is taking off from a key horizontal support.
The price has formed a bullish engulfing candle on 4h, approaching that structure.
A double bottom on an hourly time frame was formed.
I expect a pullback to: 1.618 / 1.622
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USDJPY 4H: 09/02/2023: Short opportunity!
Main Idea:
Well, here in the USDJPY chart we can see the bearish structure and we can expect the price to move downward.
For that, the price can rise till the supply zone and then with a low time frame confirmation, we can enter.
You can see all the important zones and levels on the chart.
If you have questions, feel free to ask.
💡Wait for the update!
🗓️09/02/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
xauusd h1I think gold will go down again if price rejects recent resistance.
my goal is to support level at 1842
EURUSD UPDATETop Down EU analysis - intraday shorts lining up for me... waiting for price to tap into my 4H zone in confluence with 15m OB OR waiting for a 5m change of structure for entry confirmations as explained in the video.
Bearish Set-up for USD/CHFLet wait for liquidity sweep to occur. Then Price action give bearish opportunity.
AUD/CHF Potential Sell Setup - London Session Entry I am taking a sell on AUD/CHF if price can get into this area in the london session. London Session for me begins at 6:00am UTC Time. No Entry is valid until this occurs... Invalidation would be if price trades into this area after london session close (11.01am) UTC time.
EUR/JPY Potential Sell Opportunity - Asia / London SessionI am taking a sell on EUR/JPY if price can get into this area either in asia or london session. Invalidation would be if price gets into this area either before asia open (12:01am) or after london session close (11.01AM) UTC Time.
EUR/AUD Potential Buy Setup - Asia / London EntryI am taking a buy on EUR/AUD if price can get into this area either in asia or london session. Invalidation would be if price gets into this area either before asia open (12:01am) or after london session close (11.01AM) UTC Time.
EUR/CHF Potential Long Opportunity - Asia / London Session EntryI am taking a buy on EUR/CHF if price can get into this area either in asia or london session. Invalidation would be if price gets into this area either before asia open (12:01am) or after london session close (11.01AM) UTC Time.
GBPAUD UPDATEPotential intraday setup lining up on GA Price on the 4H and daily TF is in a nice downtrend and recently broke below a significant level of daily support... the market has since made a retracement to retest the zone as resistance. There is also a wick to fill down from yesterdays Daily close giving us added confluence.
From a LTF perspective what I'm looking for, is price to come up to the high of the previous day which is in confluence with my 4H - take out stops above Asian session high then I will consider a short entry.✅
Setup invalidated if price takes out the Asian session low first.
GBPAUD: Risky Short 🇬🇧🇦🇺
GBPAUD is retesting a broken horizontal support.
The market may drop from that.
I suggest a risky short.
Goals: 1.738 / 1.733
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Gold soup sold downGold has formed a diagonal wave corresponding to an upward wedge pattern. Wait for the price to break down to the support of 1910,1911, then you can watch to sell down
NZDJPY: Short Trade Explained 🇳🇿🇯🇵
Here on NZDJPY pair, I spotted a perfect example of a top-down confirmation trade.
Approaching a key level, the price formed a head & shoulders pattern on 1H time frame.
Its neckline was broken, and the candle closed below that.
We can go short from a broken neckline.
Goals: 84.09 / 83.73
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EURJPY short flag patternHere are few points i am looking for this trade
1.Compare to the last leg up ,we can clearly see Seller are taking control
2. Price in the Overall down trend (ranging market condition ) (if price breaking new low, good chance there are trending move )
3. Price are weak !! Consoildate in a lower level and trying to set up a break out move
4.IF there any small break out set up even incress our risk and reward
5. Target 2times Flag pole
DXY H4 - Relief Rally before SHORTSDXY D1 - We saw a downside break yesterday on the dollar index, quite a perculiar market move which we hadn't really anticipated, again assumption and analysis based on recent economic events and headlines. Two FED officials talking about further hikes, but ultimately the markets will play out the way the markets will play out. Contradictory at the moment to the FED headlines and projections. We will likely correct back into this consolidation range as some point before then possibly seeing another leg downside. Unless this is another takeout like we saw last Thursday (to the upside).
USDCAd ThesisThis is how i'm currently looking at the usdcad pair. Market broke trendline after failing to brake resistance and make new high. I'm now waiting for a bearish set up as confirmation to go short.
EURUSD UPDATEEURUSD Finally made that beautiful HTF Bearish BOS off the monthly supply level around 1.07000 as projected in my previous analysis (linked above)
As you all know I am bullish on the dollar going and still expecting a big rollover in the market, I will be waiting for price to come back up to the order block which created the last BOS before looking for sell swing entries.
