Fxsignals
AUDUSD: Pullback From Support 🇦🇺🇺🇸
AUDUSD looks bullish to me after a test of a key intraday structure support.
I see 2 strong bullish confirmations:
- double bottom formation and a breakout of its neckline
- falling channel and a breakout of its resistance.
I expect a bullish movement now at least to 0.669
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GBPYJPY Sell/ShortGBPJPY looks like a sell on the daily and has moved strongly upwards from the last signal I called. This seems to be the top and for this updated signal I know for fact it can most likely drop from here. Resistance does not seem like it will break due to previous failures and as well we can be heading down potentially for months back to 194s area respectively. Please check below for TP, SL, and entry points!
ENTRY: 197.696
TP 1 (Day Trade): 196.950
TP 2 (Swing Trade): 194.120
SL: 25 pips from entry
Please message me if you have any questions! Please enjoy your day and be sure to follow our page!
GBJPY Sell/ShortClear signs is showing that GBPJPY has been breaking its main resistance from 196.881 and we can see that a reversal is on its way. I have placed TP, SL, and Entry on screen. Please follow for more updates and signals with breakdowns! Please message me directly if you have any inquires about these trades.
EURAUD Sell/ShortEURAUD seems to have been forming on the daily a perfect second leg for W formation to reverse and go bearish from here. A perfect bearish doji is being formed and we can clearly see that the next stop is bottom support. Please use proper risk management upon entering the trade!
EURAUD Sell/Short
ENTRY: 1.66453
TAKE PROFITS:
TP 1: 1.66186
TP 2: 1.61633
SL: 1.66978
EURUSD : Long Attempt AgainEURUSD, which wanted to go up, was blocked by sales.
Some more relaxation could be expected, but trade may be forgotten and there may be no opportunity.
There is no need to risk.
These parameters are not bad:
Very small capital is ideal for starting out.
Because we are trying to get back on track cumulatively.
Best Regards :
Position Size : %24 (for 100 units of capital)
Leverage : 28
Stop - Loss : 1.063
Take Profit Level : 1.8936
EURCHF: Very Bullish Pattern 🇪🇺🇨🇭
EURCHF formed a cup & handle pattern after a test of a key horizontal support.
I am looking for a bullish breakout of its neckline to buy the pair.
A daily candle close above 0.978 will confirm the violation.
A bullish continuation will be expected to 0.982 resistance then.
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EURUSD: Your Trading Plan For Next Week 🇪🇺🇺🇸
EURUSD is currently stuck between 2 important daily structures.
Depending on the market movement next week, I see 2 potential scenarios.
Bullish
If the market breaks and closes above a resistance line of a huge
falling wedge pattern on a daily,
a bullish continuation will be anticipated at least to 1.083 level then.
Bearish
If the price violates 1.0724 support, it will be a strong bearish confirmation,
that will push the prices lower, at least to 1.062
Wait for a breakout next week,
it will give you a strong confirmation.
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NZDCAD: Intraday Bearish Confirmation?! 🇳🇿🇨🇦
NZDCAD may retrace from a key daily horizontal resistance:
The price formed a rising wedge pattern on an hourly time frame
and violated its support line after the text of the underlined structure.
I expect a pullback to 0.8212
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USDCHF: Time to Sell?! 🇺🇸🇨🇭
USDCHF is currently testing a recently broken horizontal structure support,
that presumably turned into resistance after a breakout.
As a bearish confirmation, I see a horizontal range on an hourly time frame
and a bearish violation of its support.
I think that the price may drop soon to 0.9063
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GBPUSD: Top-Down Analysis & Trading Plan 🇬🇧🇺🇸
On the today's live stream, we discussed GBPUSD.
The pair is currently testing a key horizontal demand zone on a daily.
Our to signal to buy the market with a confirmation, will be a bullish
breakout of a horizontal neckline of a double bottom pattern on 1H time frame.
An hourly candle close above 1.2502 will confirm the violation.
A bullish continuation will be expected at least to 1.2527 level then.
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Canada’s Ivey PMI and Employment Data: Impact on USD/CAD OutlookThe USD/CAD pair faces headwinds due to a strengthening Canadian dollar fueled by rising crude oil prices. This week's release of April employment statistics and Canada's Ivey PMI will provide insights into inflation and economic trends. Additionally, Fedspeak from Thomas Barkin and John Williams will be monitored closely. Recent US data suggesting a cooling labor market could prompt Fed rate cuts, contrasting with expectations of a possible Bank of Canada policy shift in June. The article concludes with a bullish stance on USD/CAD, recommending long positions with entry at 1.36989 and targets up to 1.39110, with a stop-loss at 1.34875.
MarketBreakdown | GBPUSD, USDCAD, USDCHF, EURNZD
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸
The market is trading in a bearish trend on a daily.
After the price updated the low, we see quite an extended correctional movement.
The pair is currently approaching a key horizontal resistance.
The next bearish wave may initiate from the underlined structure.
2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦
Trading in a strong bullish trend, the price formed a falling wedge pattern.
We see a test of a key support at the moment.
Our strong bullish confirmation will be a bullish breakout of the resistance of the
wedge and a candle close above.
It may trigger a strong bullish reaction.
3️⃣ #USDCHF daily time frame 🇺🇸🇨🇭
The pair is trading in a strong bullish trend within a huge rising wedge pattern.
The price is currently stuck around a key horizontal daily resistance.
Its bullish breakout will be our strong confirmation to buy.
4️⃣#EURNZD daily time frame 🇪🇺🇳🇿
The price formed a head and shoulders pattern.
We see a breakout attempt of its neckline at the moment.
A daily candle close below that will give us a strong bearish signal.
A bearish movement will most likely continue then.
Do you agree with my market breakdown?
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USDCAD: Bullish Confirmation?! 🇺🇸🇨🇦
USDCAD leaves multiple bullish clues after a test of a key daily support.
One of those is a bullish breakout of a resistance line of a falling parallel
channel on an hourly time frame.
The pair may bounce today.
Goal - 1.3685
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GBPCAD: Strong Bearish Confirmation 🇬🇧🇨🇦
GBPCAD broke and closed below a key daily structure support on Friday.
The broken structure turned into a resistance.
Today, we see its retest.
The price formed a tiny horizontal range on that on an hourly time frame.
Its support violation is a strong intraday confirmation.
I already shorted the pair.
Goal - 1.6966
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GBPCAD: Bullish Setup 🇬🇧🇨🇦
One more pair that certainly looks bullish to me today is GBPCAD.
The price broke and closed above a resistance line of a falling wedge pattern
after a test of a key support.
I also see a double bottom formation with a confirmed neckline violation.
Growth is expected now.
Goals: 1.7143 / 1.7163
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AUDCHF: Classic Trend-Following Confirmation 🇦🇺🇨🇭
AUDCHF is trading in a bullish trend.
After the price set a new higher high on a daily, the market
retraced to a key horizontal support.
This morning, the price formed a tiny cup & handle formation on that.
Its neckline was broken after a release of CHF fundamentals.
We can expect a trend-following movement now.
Goal - 0.59766
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NZDCAD: Top-Down Analysis & Bearish Outlook 🇳🇿🇨🇦
NZDCAD nicely respected a recently broken key horizontal daily support.
After its bearish violation, an underlined blue area turned into resistance.
Testing the broken structure, the price formed a double top pattern
on an hourly time frame, giving us an intraday bearish confirmation.
We can expect a retracement at least to 0.8136
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NZDCAD: Intraday Bearish Confirmation 🇳🇿🇨🇦
Yesterday, we spotted a confirmed violation of a key daily support on NZDCAD.
After a retest of a broken structure, the pair formed a nice intraday bearish confirmation.
I spotted a horizontal range on a 4H time frame with a breakout of its support.
Such a violation increases the probabilities that the market will keep falling.
Goal - 0.805
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USDCHF: Waiting For Bearish Continuation 🇺🇸🇨🇭
USDCHF looks quite overbought after a test of a key daily horizontal resistance.
As a confirmation, the price formed a double top pattern on a 4H time frame
and violated its neckline.
I think that the pair may test 0.8993 level soon.
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