Fxsignals
AUDUSD Bear Flag PatternHi Traders!
There is a bear flag pattern developing on the AUDUSD 3H chart.
Here are the details:
The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still below the 20 EMA, which is a bearish signal. As long as the market remains below the EMA and flag channel resistance, we will remain bearish on this pair.
Preferred Direction: Sell
Resistance (FLAG CHANNEL): 0.65435
Support (FLAG CHANNEL): 0.64856
Technical Indicators: 20 EMA
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Trade safely and responsibly.
BluetonaFX
USDJPY The Dollar Looks UnstoppableHi Traders!
USDJPY looks to be targeting the 150.000 psychological level long-term, as the US dollar currently looks unstoppable. The market is also about to break its bull flag formation.
Here are the details:
After consolidation in the bull flag pattern, we have now had huge bullish momentum, and the next target is the current yearly high at 148.808.
The fundamental news also supports our bullish view. Earlier today, the NFP announcement came in at a staggering 353K, which was surprising and much better than the expected forecast of 187K. Traders will read this as massive strength for the US dollar.
We are now looking for a break and a close above the yearly high at 148.808.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
EURAUD: Classic Bullish Pattern 🇪🇺 🇦🇺
EURAUD has recently approached a key horizontal support.
After its test, the price broke and closed above a resistance line
of a bullish flag pattern on a 4H time frame.
We can anticipate a further growth on the pair.
Goals: 1.6565 / 1.6607
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NZDUSD Ascending Triangle Possible BreakHi Traders!
An ascending triangle is forming on the NZDUSD 4H chart, and we could have a breakout soon.
Here are the details:
The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the lows and highs are starting to get higher, and additionally, the market has broken and closed above the 20 EMA.
As long as the market is still above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible third attempt at the trendline resistance.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance: 0.61489
Support: 0.61186
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
EURCHF: Potential Pullback Trade Explained 🇪🇺🇨🇭
EURCHF is currently consolidation within a strong horizontal support.
To buy the pair with a confirmation, wait for a bullish breakout of a resistance
of the range on a 4H time frame.
4H candle close above 0.9362 will confirm a violation.
A bullish continuation will be expected at least to 0.9385 then.
If the price sets a new lower low, the setup will become invalid.
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EURUSD Possible Falling Wedge BreakHi Traders!
A falling wedge is forming on the EURUSD 4H chart, and we could have a breakout soon.
Here are the details:
The market has found support and resistance at both the trendline support and trendline resistance of the wedge, as the market is looking for a direction.
Looking at the price action, it looks bullish; we have had multiple tests at the trendline support and have broken above the 20 EMA. The market is currently on the trendline resistance, and we are looking for a break and a close above the trendline.
As long as the market stays above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible attempt at the trendline break.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance: 1.08501
Support: 1.07960
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
GBPUSD Possible Triangle BreakHi Traders!
A symmetrical triangle is forming on the GBPUSD 4H chart, and we could have a breakout soon.
Here are the details:
The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction.
Looking at the price action, it looks bearish; we have had multiple tests at the trendline support and have broken below the 20 EMA. The market is currently trading on the trendline support, and we are looking for a break and a close below the trendline.
As long as the market stays below the 20 EMA, our view will remain bearish. We expect some more consolidation before a possible attempt at the trendline break.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.26947
Support: 1.27674
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
EURAUD: Time to Buy?! 🇪🇺 🇦🇺
EURAUD is testing a confluence zone based on a horizontal intraday support and a rising trend line.
As a confirmation, the price formed a double bottom formation and violated its neckline.
We can expect a bullish movement now.
Goals: 1.6527 / 1.656
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EURCAD: Bullish Outlook Explained 🇪🇺🇨🇦
EURCAD is testing a solid daily horizontal support.
Approaching that, the price formed an inverted head and shoulders pattern.
Its neckline was broken during the NY session on Friday.
It indicates a highly probable bullish movement from the underlined green area.
Goals: 1.467 / 1.4715
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EURUSD Bear Flag PatternHi Traders!
There is a bear flag pattern on the EURUSD 4H chart.
Here are the details:
The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel. The 20 EMA has been broken, and we are getting bearish momentum candles forming, and we are awaiting a possible test of the flag's channel to the downside.
Preferred Direction: Sell
Resistance: 1.09160
Support: 1.08566
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
GBPUSD Possible Re-Test Of Monthly HighHi Traders!
There is some bullish momentum behind GBPUSD, and there may be a possibility of a re-test of the monthly high.
Here are the details:
The price action on the 1D chart looks bullish. The market is in an ascending price channel with higher market swings and lower rejection price wicks; the market is also currently above the 20 EMA.
Preferred Direction: Buy
Resistance: 1.27858
Support: 1.26612
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDCAD Sell/ShortUSDCAD on daily has shown that within the channel trade it will begin to reverse and has confirmed a rejection point. We should see a further sell off from here on out. Below is the trade analysis please be advised that we urge proper risk management for the safety of your margin accounts. Thank you.
USDCAD Sell/Short
ENTRY: 1.34809
TAKE PROFIT:
TP 1: 1.32896
TP 2: 1.31110
SL: 1.35614
Please use proper risk management upon entering this trade.
EURUSD sell/short EURUSD looks like a short fall from here after breaking trend on the channel trade in these last few days. It does seem to be in a continuous downtrend pattern and does not seem like it will be stopping anytime soon. I suggest a short from 1.08679 all the way down to 1.05703 for a long term profit close. Please take proper risk management upon entering the trade.
EURGBP Buy/LongEURGBP looks like a buy/long from here touching the main support trendline and seems to be ready for a full reversal for the next few weeks. I advise proper risk management with proper risk/reward size you are seeking. I have posted below the inputs for entry, TP, and SL numbers. I will continue to update and start providing full breakdown analysis on these trades.
EURGBP Buy/Long
ENTRY: 0.85820
TAKE PROFIT:
TP 1: 0.87096
SL: 0.85574
Please use proper risk management upon entering this trade.
USDJPY Approaching The 150 LevelHi Traders!
USDJPY is approaching the 150.00 psychological level for the first time this year as the US dollar's strength continues.
Here are the details:
The trendline support on the 1W timeframe has held perfectly, and the market swings with higer highs and higher lows continues. The market has also broken above the 20 EMA this week, and we are looking for a close above it to continue the bullish momentum.
The plan here is to buy dips near the 20 EMA if possible to target the 150.000 psychological level.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance 1: 150.000
Resistance 2: 151.946
Support: 143.424
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
GBPCAD Sell Trade Idea , GBPCAD Short trade idea. GBPCAD Sell Trade Idea
The major resistance point of 1.71000 has already been tested by the market, and we will now see clear changes in case we find some price rejections over their major point of 1.7100-1.7123.
Trade Setup Idea:
GBPCAD Selling Zone: 1.7100-1.7123
Stop Loss: 1.71311
Take Profit1: 1.7068
Take Profit2: 1.7050
Take Profit3: 1.7020
Take Profit4: 1.6990
Note: Please follow the money management plan and risk-reward ratio.
Must follow the price rejections and price movements of the pound index.
NZDCAD: Consolidation & Bearish Movement 🇳🇿🇨🇦
NZDCAD is trading within a wide horizontal range.
After a test of its resistance, the price formed a head and shoulders pattern.
I believe that consolidation will continue and the price will most likely
drop to the support of the range.
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GBPUSD Pullback From NFP HighHi Traders!
GBPUSD looks to have formed a range zone as it has tested the NFP high at 1.27712 and has failed to break above the high.
Here are the details:
After the NFP release, there was a strong bull rally to the 1.27712 level, but it was quickly rejected, as you can see with the large upside price wick. The market recently tested this level, and the resistance is still there.
We are looking for the market to pullback towards areas around 1.26734, and below that, we have range zone support at 1.26116.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.27712
Support: 1.26116
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
AUDCHF: Time to Fall! Here is Why: 🇦🇺🇨🇭
AUDCHF was consolidating for more than 2 months within a wide horizontal range on a daily.
This week, the price managed to violate its support.
It is a very important sign of strength of the bears.
The market will most likely keep falling now.
Next support - 0.5635
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EURUSD Long/BuyEURUSD looks like it has a bullish reversal pattern happening in the H4 trend. RSI seems to confirm this as well placing itself above the moving average. This will be considered a day trade/swing trade
EURUSD Buy/Long
ENTRY: 1.09702
TAKE PROFIT:
TP 1: 1.11935
SL: 1.09069
Please use proper risk management upon entering this trade.
GBPJPY: Top-Down Analysis & Nice Short 🇬🇧🇯🇵
GBPJPY is trading within a wide horizontal range on a daily.
The price is currently testing its resistance.
On an hourly time frame, we can see how the pair was weakening
after it started to approach the underlined blue area.
After a strong bullish impulse, the price formed a rising channel.
Test of structure triggered a strong bearish reaction and the price violated
the support of the channel.
For me, it is a strong bearish confirmation.
I expect a bearish movement to 182.5 level now.
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