Fxsignals
EURUSD Trade Signal: The Presidential DebatePresident Trump is due to hold the first Presidential debate, which may trigger some volatility across global markets.
EURUSD reached a 4hr resistance (60min chart is displayed). The trading signal strategy is to wait for the 30min close (which is in shortly at the time of this writing).
The 30min close may trigger some EURUSD weakness towards 1.7113. Should the price correct lower and does not post a 30min close below 1.7113 we might see EURUSD re-testing the high and perhaps breaking above.
The signal strategy s intentionally kept simple.
Two NZD Pairs I am Long OnRight now looking at the AUDNZD and GBPNZD pairs, I am actually bullish for an entry. I think that the AUDNZD pair is at a dip, and continued support levels could be picked up for the GBPNZD pairs. The sentiment also seems positive. That being said, do your own due diligence and invest at your own risk. Keep in mind, everything I say is on an opinion based basis not meant to warrant actionable financial advice.
EURUSD FX Signal: Can it Trade Higher?EURUSD posted some gains due in recent days due to the Fed Powell's speech at Jackson Hole (online speech). Powell affirmed the Fed will opt for average inflation while assuring rates will remain low. The new inflation framework weakened USD against a basket of currencies.
The impact of the new framework may last for some time but due to the upcoming US elections the polls may begin affecting USD as we near November. There has been a 4hr breakout in EURUSD as seen on the chart. As the currency pair was held in a range for some time it may pave the way for further gains.as
The potential target is around 1.2040.
As this is a 4hr chart it may take some time as opposed to a similar technical setup on a 15min chart for example. It should not take more than 48 hours.
The breakout may remain valid as long as EURUSD does not post a 4hr close above 1.1950.
GBPCHF H4 - Short SetupGBPCHF H4 - No real market movement from when we posted earlier, few wicks upside and downside but generally still hugging that 2.00 handle, waiting to see if we reject and selloff back to support or break and retest. Not sure how much the GBP has left in the tank, CHF didn't move too much after todays antics either.
GOLD - DAY TRADE VIEW.GOLD - Currently in a no trading zone from 1938 to 1947
Approach should be wait for the breakout on either side.
If buy triggers above 1947, Stop loss should be 1938 for Potential up move 1954 - 1968
If sell triggers below 1938, Stop loss should be 1947 for potential downside 1925
Buy as per the level mentioned in the chart or I have written it here for your better understanding as well.
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This was Recently Oversold: USDCNH LongCurrently for a forex pair, I am actually long on the USDCNH. Given its past bull run, the correlations have been mostly bearish likely targeted by panic selling over warranted negative sentiment. That being said, I think it is starting to retest positive. Please keep in mind, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
GOLD - DAY TRADE VIEW.GOLD - It's trading on a verge of triangular corner,
Hopefully we can see some up move in the next few hours,
It's strongly holding the support zone.
Minor stop loss is there for 100 pips take lots as per your risk taking capacity.
Follow the levels as mentioned in the chart.
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GBPJPY - SWING SHORT GBPJPY - As long as it's trading below the STOP & REVERSE level, it will remain bearish , One can go for short sell here @ 139.090 for potential downside target mentioned in the chart, Above STOP & REVERSE it can fly up to 141.320
Follow the levels as mentioned in the chart.
Cheers...Happy trading !!
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GBPCAD - DAY TRADE VIEW.Refer the chart for detailed analysis ;
GBPCAD - Trading on a positive bias, holding strength on 4HR candles,
Go buy at current price for the stop and target levels mentioned in the chart.
Cheers...Happy trading !!
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GBPCAD - DAY TRADE VIEW.GBPCAD - Wait for the rectangular box breakout, buy above the mentioned level on the chart.
TARGET & STOP IS MENTIONED ON THE CHART FOLLOW STRICTLY
All the best cheers ....Happy trading
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GBPUSD 15min forex signal: Time to Long?GBPUSD reached a minor support on the 15min chart (marked in green), The lower support and resistance are marked in bue.
Should GBPUSD post a 15min close above the green line we may see some corrective gains towards 1.3220. The analysis is intentionally kept simple.
Most of the recent volatility across global markets is due central banks' monetary policies and the tension caused by the coronavirus.
GOLD - DAY TRADE VIEWRefer the chart for detailed analysis ;
GOLD- Facing a tough resistance at this point of time.
Potential downside target 1926
Stop & Reverse 1949.80
All the best cheers ....Happy trading
Traders, If you liked my analysis or have an opinion about this given levels , write in the comment section.
Thanks !!