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USD/JPY Potential Forecast|HTF Analysis| Wednesday 26 April 2023Hi everyone! -So the price on USD/JPY is telling us that we are currently in a bullish trend. -USD/JPY have liquidity and imbalances below him so its the most probability that the price is going to grab them before moving up. -Keep that in mind that not every huge poi will hold some of them will hold some of them will not but always ask yourself why did that poi hold and another don't. -If the POI get respected and bounce from it look for confirmations and then enter.
by forex_with_quality
BluetonaFX - SILVER TRADING IDEAHey Traders, Introducing BluetonaFX A warm welcome to all the traders out there using this platform. Although we are new to TradingView, BluetonaFX is a professional group of traders who have over 15 years of experience in FX trading beginning in 2008, the year that heralded the second significant paradigm shift for retail traders after 1996 when retail traders were first able to trade currency pairs on their own computers. We specialise in trading a select range of currency pairs, silver and crude oil. Our decision to move from the private space to a public platform via TradingView was in part driven by the countless stories we heard about retail traders being chopped up by the markets due to the lack of real professional guidance on how to trade and committed analysis of the markets on online platforms popular with retail traders. We will gradually introduce our ethos, trading style and methodologies over the next few weeks. We have started with Silver; Please review our chart. We have a immediate target at 25.413. A break and close above this level will see price challenge 25.648 and 25.941. Price is currently ranging between two structures 24.883 and 25.413. We will need to see a break and close on either structure to confirm direction to the next. Please like, comment and follow to support us and rest assured we will start sharing some great ideas in the coming weeks. BluetonaFX
TVC:SILVER
by BluetonaFX
USDCAD: Your Trading Plan 🇺🇸🇨🇦 USDCAD is trading in a bearish trend on a daily. The price is currently testing a key horizontal resistance. Approaching that, the price formed a head & shoulders pattern on 1H time frame. 1.3522 - 1.353 is its neckline. To short with a confirmation, wait for its bearish breakout (1H candle close below that). Sell aggressively or on a retest then. Goals will be 1.3493 / 1.3456 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7
XAU/USD Potential Forecast|HTF Analysis| Monday 24 April 2023-Huge Demand zone on XAU/USD can correct the trend and continuous to shift bullish. -Gold have a lot of liquidity and imbalance below him so that will be the most optimal thing to grab before moving up -Keep that in mind that this poi can be respected or it cant be I am saying that because smc cant always work there is no 100% strategy in Forex market, there is no correct way of trading. -If the POI get respected and bounce from it look for confirmations and then enter. I wish you good luck.
OANDA:XAUUSDLong
by forex_with_quality
EUR/USD Struggles to Reach New HighsThe EUR/USD currency pair has been encountering challenges in its attempt to reach new highs, ever since it hit the price of 1.1080 last week. Currently, the price has undergone a slight pullback, having retraced on the 61.8% Fibonacci level. In today's London session, the price has opened with a downward push, indicating that it may retouch the Fibo level once again. This development presents an excellent opportunity for traders looking to buy the Euro at a discounted price, with the potential for significant returns in the future.
Long
by DAY_PROFITS
2
GBPUSD Pre News Tomorrow AMHey Traders, Pre Claimant Count Tomorrow we can look for short zones on further impulse moves. We are looking for news to aid us in our quest for volatility not as a mechanism for guessing where volatility will take price. This comes Circa 1.266 area as we move to KEY MAs and previous PA zones. Do not be one of those traders who believes that price cannot go higher.. It always can and it will. Any longs need a further fall 1.22 Trade small and wait for market reaction.
by WillSebastian
EUR/USD Direction Unclear ECB Rate Hike Pace Divides InvestorsThe Euro currency is experiencing a lack of clear direction as investors hold conflicting opinions regarding the European Central Bank's (ECB) potential rate hike pace during its May monetary policy meeting. Some investors remain unconvinced that ECB President, Christine Lagarde, will reduce the pace of policy-tightening to 25 basis points (bps) during a time of critical Eurozone inflation. From a technical standpoint, the currency has undergone a second retest of the 50% Fibonacci level after experiencing a pullback to the 61.8% level. This pattern commonly reflects an AB=CD formation, leading to the creation of a new swing high. Today's market developments will be crucial in determining the Euro's direction, and our forecast predicts a long setup.
by FOREXN1
13
EUR/USD: Bigger Impulse Confirms Long Position on MaintrendIn accordance with our analysis from the preceding session, the EUR/USD currency pair has exhibited movement that aligns with our projections, demonstrating a significant impulse that corresponds with the established long-term trend and has resulted in the attainment of our initial take-profit target. Building upon this favorable outcome, we anticipate the potential for additional upward momentum, leading us to suggest a continuation of our long position in the direction of the main trend for the present day.
Long
by DAY_PROFITS
1
GBP/USD: Favorable Long Position on Upward MomentumIn accordance with our analysis from the previous session, the GBP/USD currency pair has exhibited movement consistent with our predictions, having achieved the initial level of take-profit. Moreover, the pair appears to be demonstrating rapid upward momentum, reinforcing our notion of a further sustained bullish trend. As such, our present recommendation is to consider initiating a new long position in GBP/USD in anticipation of continued price appreciation.
by DAY_PROFITS
1
Don't miss out on the GBP/JPY Bull runYesterday, we discussed how the GBP/JPY had recently experienced a bullish rally, but had been in a consolidation phase for the past two days. During this period, the price appeared to be forming a reversal head and shoulders pattern, which caused some concern among traders. However, the pattern was invalidated when the price broke through the local resistance, leading to the formation of a bullish flag continuation pattern. As of today, the price is pushing higher in the long direction setup that we had anticipated. We are currently on the lookout for a long setup, which we believe will present a profitable opportunity for our trading strategy. It is worth noting that the bullish flag continuation pattern suggests that the price may continue to rise, so we will be monitoring the situation closely and adjusting our strategy accordingly. Overall, we remain optimistic about the prospects for the GBP/JPY and are excited to see how the market will evolve in the coming days and weeks.
Long
by FOREXN1
4
Dollar vs Yuan Divergence US Dollar vs Yuan or US Dollar vs Offshore Yuan, technically they are establishing divergence. Above chart is my projection in time to come. When Dollar vs Yuan moves lower, this means we are seeing a weaker Dollar and a stronger Yuan. See the following link for its video version. The Chinese yuan, also known as RMB, is the official currency of China. It is used both onshore in mainland China and offshore in international markets. The offshore yuan, also known as the CNH (Chinese yuan - Hong Kong), is the version of the yuan that is traded outside of mainland China. It is traded in offshore financial centers, such as Hong Kong, Singapore, and London. The offshore yuan is not subject to the same restrictions and regulations as the onshore yuan. The main difference between the onshore and offshore yuan is that the onshore yuan is subject to capital controls imposed by the Chinese government, while the offshore yuan is not subject to these same restrictions. This means that the offshore yuan is more freely tradable and can be used for a wider range of international transactions, such as international trade and investment, while the onshore yuan is more restricted in its use. Offshore Yuan - Standard-Size USD/Offshore RMB (CNH) Outright: 0.0001 per USD increment = 10 CNH MICRO USD/CNH FUTURES 0.0001 offshore Chinese renminbi per USD CNH Option Google search: USD/CNH Monthly Options Contract Specs - CME Group Google search Frequently Asked Questions: USD/CNH options - CME Group Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:CNH1!Short
by konhow
2