Get started

Fxsignals

EURUSD#EURUSD Hello, everyone! Quite an eventful day in terms of price movement. From the morning, I had a clear goal to continue trading in the direction of the established trend. The equal highs formed in Asia were a bit concerning. The lack of interaction with this liquidity seemed unusual to me, but such situations occur occasionally, and we trade what the market provides. In New York, there was a potential short setup, but I invalidated it for two reasons: 1) the absence of interaction with the Asian high and equal highs, and 2) a long context on all timeframes. The hourly timeframe shifted to a short context, and I would like to continue working in the short direction tomorrow, as there is still a significant amount of untouched liquidity. Local targets are marked on the chart. Short positions are a priority in the morning. On the daily timeframe, we experienced a reversal movement after covering the imbalance.
by yes_pls_max
FXSUSDT.4HBased on the provided market data, the FXS/USDT pair is currently trading at $6.94. The Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day charts are 63.74, 70.18, and 53.79 respectively. This suggests that the pair is slightly overbought on the 4-hour and 1-day charts, indicating a potential price correction or consolidation in the near term. The Moving Average Convergence Divergence (MACD) for the 4-hour and 1-day charts are positive, suggesting bullish momentum in these timeframes. However, the MACD for the 7-day chart is negative, indicating bearish momentum in the longer term. The Bollinger Bands (BB) on the 4-hour and 1-day charts are slightly above the current price, suggesting that the pair is trading in a reasonable range in these timeframes. The BB on the 7-day chart is above the current price, which could indicate that the pair is undervalued in the longer term. The provided support and resistance levels suggest that the pair has room to move in both directions. The closest support level on the 4-hour chart is $6.654, while the closest resistance level is $7.22. On the 1-day chart, the closest support level is $6.117 and the closest resistance level is $7.587. On the 7-day chart, the closest support level is $6.18 and the closest resistance level is $7.072. In conclusion, the FXS/USDT pair appears to be slightly overbought in the short term but has bullish momentum. There may be potential for a price correction or consolidation in the near term. In the longer term, the pair appears to be undervalued and has bearish momentum. Traders should watch the support and resistance levels closely and consider the RSI and MACD indicators when making trading decisions. This is just an analysis based on the provided data. It's always recommended to do your own research before making any investment decisions.
by MarsSignals
USD/CHF Sell Opportunity - Swing Trade - 0.90000 Key ResistanceI have just taken a sell position on USD/CHF expecting some strong selling pressure over the next coming weeks. From a technical perspective we can see price has come into 0.90000 level which is a key area of daily / weekly resistance where in the past the market has reacted to favourably. I am expecting again a strong reaction from this area. I will not be going into the entry confirmation for this trade. Stoploss is going to be at the high of the current daily candle. Targets have been outlined within the screenshot provided.
Short
by FXEntries
EUR/NZD Sells Active - Swing Trade - Key Resistance 1.80500I have just taken a sell position on EUR/NZD expecting some good selling pressure over the next couple of weeks. From a technical perspective we can see price has come into the 1.08500 level which is a key area of daily/weekly resistance where in the past the market has reacted from favourably. I am expecting again a strong reaction from this area. I will not be going into the entry confirmation for this trade idea. Stoploss is going to be at the high of the current daily candle. Targets have been outlined within the screenshot provided.
Short
by FXEntries
2