Fxsignals
Bearish bias on AUD/USDThe AUD/USD is trending below last week's Thursday low (Support) which is being used as new resistance. The same level falls below the pivot point inside a symmetrical triangle.
A break of the lower trendline could initiate a further downside movement in the price of the Aussie.
This is worth looking out for!
GBPJPY: Sterling pound turnaround?!!GBPJPY
Intraday - We look to Buy at 161.94 (stop at 160.80)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A Doji style candle has been posted from the high. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 164.80 and 168.40
Resistance: 164.30 / 168.40 / 171.90
Support: 159.70 / 157.65 / 155.10
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
TRADE OF THE WEEK | Classic Key Level Trade 💰
I was warning you for many weeks that 6-years-low is ahead on EURUSD.
Being very oversold, the market would definitely bounce from that.
Once the underlined structure was reached, I spotted a double bottom formation on 4H time frame as a confirmation.
Bullish breakout of a neckline was a perfect trigger to initiate buying.
Then the market bounced nicely and it looks like it may even go higher.
Did you catch this move?
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GBPUSD: No end in sight for Cable fall!!GBPUSD
Intraday - We look to Sell at 1.2400 (stop at 1.2515)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1.2070 and 1.2000
Resistance: 1.2500 / 1.2800 / 1.3000
Support: 1.2000 / 1.1500 / 1.1260
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GOLD top-down analysis, UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD: Potential Short Trade Explained 🇺🇸🇨🇦
USDCAD is retesting a major broken trend line.
On that, the price is currently consolidating.
To short the pair with a confirmation you need a bearish breakout of 1.2566 - 1.2577 minor support.
Its violation will trigger a bearish continuation.
Goals will be 1.254 / 1.251
If the price breaks the trend line to the upside, the setup will be invalid.
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GBPJPY UPDATE
GJ is in a strong uptrend from HTF perspective, but is overbought and we could see a correction, down on the 1D TF price recently made a bearish impulse to the downside and broke below the previous Swing high, this move has been followed by a retracement which is currently testing the 0.618 fibonacci. If we drop down to the LTF we can identify the retracement is in the form of this rising wedge giving us more confluence showing us we can be looking for potential move to -0.272 fib extension - waiting on the micro TF for potential entry confirmations.
EUR/CAD SYMMETRICAL TRIANGLEEUR/CAD in an obvious symmetrical triangle, a breakout from the upper trendline and 200-day SMA at 0.4100 would initiate a bullish run. If that did not happen, the triangle might get widened, or a deeper surge could emerge.
This is worth looking into as well.
A Sell stop order above 0.4100 could be set for a long-term target at 0.4500.
Bearish Setup on GBP/USDGBP/USD has been ranging below the 38.2% fib extension, forming double-tops and correcting back to 1.2225-20 zone.
This indecisiveness could be prolonged till the end of this week, or the sellers finally take over the market and drive it further down.
Either way, the overall technical outlook is bearish and could stay that way, till it hit the 1.3175 Dec-2021 yearly low mark.
A short position on GBP/USD at 1.3307 could target a 1.3170 stop.
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.