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EURUSD BULLISH OULOOKThe common currency of the European Union, EUR, is gradually moving away from parity with USD. Investors were moving away from EUR due to the uncertainty with the situation in Ukraine and due to the refusal of ECB to increase interest rates. . US, being one of the first to increase its interests, have lured investors to invest in USD, but now the sentiment is shifting, after hawkish rate predictions from ECB and the news that the gas will start flowing as expected and potential energy crisis might be avoided. RSI indicator has escaped the oversold area and MACD's histogram is above 0 level for the first time for more than 2 weeks. Although reaching the levels of May is not likely in the near term, the pair might try to reach levels of 1.04 On the other hand, if this predication does not come to fruition, USD might try to reach parity with EUR again. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
What is Forex and How Big It Is?💱 Forex - foreign exchange market, is a location where international currencies are bought and sold by economic participants at various exchange rates. Forex market is the biggest market in the world, reaching on average 6 trillion dollars trading volumes daily. Forex market is a vital element for a global economy because it provides capital exchanges between the countries. The main market participants of forex market are central banks, commercial banks, commercial companies, hedge funds and investors. 🕰In order to grasp how big is that market, take a look what is happening on that just in 60 seconds: 📎Total transactions value reaches 3.52 billion US dollars. 📎 1.15 billion dollars of spot transactions. 📎 1.65 billion dollar of exchange swaps. 📎 Total transactions value involving USD reaches 3 billion US dollars. 📎 Total transactions value involving EURO reaches 1.1 billion US dollars. 📎 Just one single EUR/USD pair accumulates 812 million US dollars transactions value. It is hard to imagine how such big amounts are rolling with such a frequency and how insignificant are the orders of individual traders. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
6
Outlook on WTI: Bearish play seen On the H4 time frame, prices are showing bearish order flow with lower lows and lower highs being formed. On the H1 time frame, a pullback to the resistance zone at 107.00, in line with the descending trend line, 78.6% Fibonacci retracement, graphical resistance level and 100% Fibonacci extension level presents an opportunity to play the drop. Our next support target at 100.20 coincides with the potential 61.8% Fibonacci retracement. Stochastic is also showing limited upside as well before it reaches resistance, in line with prices.
TVC:USOILShort
by shermzT
1
EURAUD 4H LongWhats up everyone! I see i hvae gained a lot of followers recently and i want to say thank you to you all! I love interaction so please feel free to comment on the posts or send me a message (not sure if you can here). I will try my absolute best to post the best setups with the highest probability of winning. I am a swing trader so these charts will take some time to hit profit so be patient. I also trade US30 on the 15min but it moves very fast so i dont post my entries since most of the time im already at break even when i am able to post. If you're interested in hearing more about the US30 trades shoot a comment! EA has tapped into a huge Daily Zone and just created 4H RSI Divergence, which from past posts you know is my bread and butter. Simple easy trade here, we go long, SL at 35pips and target the Supply Zone sitting higher!
Long
by scottmal89
AUDUSD: Your Trading Plan For Today 🇦🇺🇺🇸 Hey traders, AUDUSD is currently trading within a peculiar zone of confluence: we see a perfect match between a recently broken horizontal supply area and a falling trend line. I expect a bearish accumulation within the underlined area. Your confirmation to short will be a double top formation on 1H time frame. 0.6844 - 0.6854 is its neckline. Wait for its bearish breakout (you need an hourly candle close below), then sell on a retest. Target will be 0.677 Stop will be 0.69 If the price breaks a yellow zone to the upside, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
MarketBreakdown | EURJPY, EURCHF, GBPCAD, GBPCHF Hey traders, here is a brief technical outlook of 4 peculiar instruments on my watch list. 1️⃣ EURJPY - Daily time frame 🇪🇺 🇯🇵 I see the signs of a bullish accumulation: the price has already set two equal highs and keeps setting higher lows. I believe that we will see a breakout attempt of a current horizontal resistance. Daily candle close above that will trigger a bullish trend continuation to new highs. 2️⃣ EURCHF - 3 days time frame 🇪🇺🇨🇭 The pair is approaching a solid horizontal zone of demand. Be prepared for a breakout attempt. Its bearish breakout will trigger a bearish continuation to a year's low. 3️⃣ GBPCAD - Daily time frame 🇬🇧🇨🇦 As I predicted, GBPCAD dropped nicely. The pair formed a double top formation with a lower high. Its neckline violation signifies a highly probable further decline. 4️⃣ GBPCHF - Monthly time frame 🇬🇧🇨🇭 The pair is currently approaching a wide weekly demand cluster. Taking into consideration that the market is very oversold, I believe that we will see a pullback from that structure soon. Look for a confirmation on lower time frames to buy. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
6
EURAUD: Complete Indecision 🇪🇺🇦🇺 Very peculiar situation on EURAUD pair: the market is stuck between 2 structures, one - major weekly resistance, one - key daily support. Depending on the reaction of the price to these structures, I see 2 potential scenarios: If the price breaks 1.528 - 1.538 resistance and closes above that on a weekly, I will expect a bullish trend continuation to 1.558 If the price breaks 1.516 - 1.52 support and closes below that on a daily, I will expect a bearish move at least to 1.505. Wait for a breakout and the follow the market. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
8
GBPCAD: Important Decision Ahead! Your Plan: 🇬🇧🇨🇦 GBPCAD is trading in long-term bearish trend. The market is steadily going down within a falling parallel channel. The pair is approaching its resistance at the moment. Depending on the reaction of the price to that, I see 2 potential scenarios: If the price breaks a resistance of the channel (we need a daily candle close above that to confirm a breakout), then a bullish continuation will be expected to 1.6118 structure. If the price breaks a 1.5855 - 1.59 local daily support and closes below that then a bearish continuation will be expected at least to 1.572 level. Wait for a breakout and only then buy/sell the pair. What are your expectations? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7