Fxsignals
USDCHF💲Retest resistance line!USD / CHF Forecast implies an attempt to test the resistance area near the level of 0.9285. Further, the continuation of the fall of the USD / CHF currency pair with a target below the level of 0.9105. 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 0.9605.
Have a nice trade!
XAUUSD❗What will happen next📈The GOLD Price Forecast for October 8, 2021 assumes an attempt to test the support area near the level of 1745. Further, the growth of quotations with a target above the level of 1815 will continue. support and 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 1675.
Have a nice trade!
USDJPY💲Support level📈The forecast for October 8, 2021 suggests an attempt to test the support area near the 110.65 level. Then, the continued growth of quotations to the area above the level of 112.85. A test of the trend line on the relative strength index (RSI) will be in favor of raising the pair. Cancellation of the growth option will be a fall and a breakdown of the 110.35 area. This will indicate a breakdown of the support level and a continued fall in the pair with a potential target below 108.65.
Have a nice trade!!
EURUSD📈Resistance level ❗EUR / USD forecast Euro Dollar October 8, 2021 suggests 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 1.1365. 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!
AUDCAD - TRADE ANALYSISAUDCAD - On a bigger time frame it's trying to form a support zone and chances of reversal is there as per the chart patterns.
My approach will be a buy here at current price 0.91700
Potential upside target is mentioned in the chart as well, The figures are ;
Traget 1 : 0.92350
Traget 2 : 0.92950
Maintain stop loss around 0.91100
Follow the levels as mentioned above. Good luck :)
EURUSD - TRADE ANALYSIS EURUSD - Looking good on hourly candles reversing back from the support zone .
My approach should be a buy here at current price 1.15880
Maintain stop loss around 1.15150
Potential upside target 1.16700 - 1.17250
Follow the levels as mentioned on the chart and written here in the description.
Traders hit the like button to spread the positivity :)
GOLD - TRADE ANALYSIS GOLD - As per the price action, trend lines , & technical indicators gold is expected to go down from the current price.
My approach will be a sell in the range 1759 - 1761
Potential downside :
Target 1 : 1753
Target 2 : 1749
Target 3 : 1743
Maintain stop loss around 1769
Trade as per your risk appetite, I will be glad to see your likes & comment.
EURUSD - DAY TRADE VIEWEURUSD - Looking good on hourly candles reversing back from the support zone .
My approach should be a buy here at current price 1.16050
Maintain stop loss around 1.15400
Potential upside target 1.16700 - 1.17400
Follow the levels as mentioned on the chart and written here in the description.
Traders hit the like button to spread the positivity :)
NZDUSD H4 - Short SetupNZDUSD H4
Similar setup to AUDUSD (AUDUSD analysis to follow), however a little cleaner in my opinion in terms of technicals and targets, the conflicting factor is the ACTUAL performance of the NZD vs AUD, AUD being the weaker amongst the two.
Need to make sure we are trading south of these trading zones going forward, support has broken but we must ensure resistance holds.
AUDJPY H4 - Short SetupAUDJPY H4
Based on the above GBPAUD chart, and in line with the AUD weakness... I feel we may see a break in support here, people say trade what you see, but what happens when you see figures and headlines conflicting your technicals, surely waiting for additional confluence and sitting on the sideline a little longer would prove prudent, right?
Regardless, we focus on our strategy, and we don't get lured into too much different market perception, trade what we know. Waiting this out a little longer to see how support fends.
AUDUSD H4 - Long SetupAUDUSD H4
Similar setup to NZDUSD, both local eastern pairs which are in trade vs the USD. Neither parties particularly outperforming, and ideally we want to see some signs of strength from one side (hence why we picked NZDUSD longs).
But worth following for comparative purposes. Support looks attractive, also area of demand, we just don't have the additional whole number confluence that we have with NU.
Signal: EURGBP (1H), SHORT 📉Good afternoon, traders! We got a projection for you. Let's get right into it:
We will be entering this trade, only if we see a nice, clean streak of green candles, going all the way back to the EP.
💱 SELL LIMIT:
- Stop Loss (SL) = ~0.85828
- Entry Point (EP) = ~0.85631
- Take Profit (TP) = ~0.85346
Positive evidence:
✔️ Breakout @ ~0.85631 (at a significant S&R zone).
✔️ Retracement @ ~0.85346 (at a significant S&R zone).
✔️ EMA (50) @ above candlesticks; between EP & SL.
✔️ EMA (200) @ above EMA (50).
✔️ Clean streak of red candles, going all the way down to the point of retracement (with the exception of one green).
Negatives:
❌ No overall downtrend.
In our opinion, the positives are greater than the negatives. Remember: if, at any point before price hits the EP (1H timeframe), we see a decent-sized red candle form, this projection is no longer valid.
Did this help you? Please let us know, in the comment section, so that we can provide you with better tips, in the future.
“My mission is to help you see forex for what it is: it’s not ‘rocket science,’ but a simple strategy game. Get on the ‘good side’ of probability, develop the proper mindset, and you will prosper.”
— Nio Pomilia, Forex Free Press
EURAUD - DAY TRADE VIEWEURAUD - Looking good on hourly candles trying to reverse back from the support zone .
My approach will be a buy here at current price 1.60450
Maintain stop loss 1.59200
Potential upside target 1.62550 - 1.63050
Follow the levels as mentioned above.
Traders, if you liked this idea hit the like button & write in the comment section.
GOLD - DAY TRADE VIEW GOLD - As per the price action, trend lines , & technical indicators gold is expected to go down from the current price.
My approach will be a sell here at 1801
Potential downside target 1775-1768
Maintain stop loss around 1814
Trade as per your risk appetite, I will be glad to see your likes & comment.
GBPCHF - DAY TRADE VIEWGBPCHF - Momentum is in favour of buyers & as per the trend analysis, technical indicators it's a good buy.
My approach will be a buy only above 1.25200
Maintain stop loss around 1.24600
Potential upside 1.26000 - 1.26700
Trade as per your risk appetite, I will be glad to see your likes & comment.
EURAUD - DAY TRADE VIEWEURAUD - As per the hourly chart & candlestick patterns, it's trading close to the immediate resistance and chances of coming down is happening.
My approach will be a sell here at current price 1.63700
Maintain Stop loss around 1.64250
Potential downside target 1.62300 - 1.61200
Follow the levels properly, I will be glad to see your likes & comment.
EURAUD - DAY TRADE VIEWEURAUD - As per the hourly chart & candlestick patterns, it's trading close to the immediate resistance and chances of coming down is happening.
My approach will be a sell here at current price 1.61060
Maintain Stop loss around 1.61260
Potential downside target 1.60600
Follow the levels properly, I will be glad to see your likes & comment.
GBPCHF - DAY TRADE VIEWGBPCHF - Momentum is in favour of buyers & as per the trend analysis, technical indicators it's a good buy.
My approach will be a buy here at current price 1.26790
Maintain stop loss around 1.26500
Potential upside 1.27150
Trade as per your risk appetite, I will be glad to see your likes & comment.