LONG
NZD-CAD Locally Oversold! Buy!
Hello,Traders!
NZD-CAD keeps falling down
And the pair is locally oversold
So after the pair hits the horizontal
Support level of 0.8120 we will
Be expecting a local bullish
Correction and a move up
Buy!
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GBP_CAD SUPPORT AHEAD|LONG|
✅GBP_CAD is approaching a demand level of 1.7409
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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GBPUSD Short and Longs (News) Scenario 1: Both PMIs Better than Forecast
Actual Manufacturing PMI: 49.5 (Better than 48.8 forecast)
Actual Services PMI: 56.0 (Better than 55.2 forecast)
EUR/USD: Down - If both sectors perform better than expected, this might signal a stronger US economy, potentially leading to a stronger Dollar.
GBP/USD: Down - Similar to EUR/USD, a stronger US economic outlook could weaken GBP against USD.
USD/JPY: Up - Improved US PMI data might strengthen USD against JPY, especially if this leads to expectations of a tighter Fed policy.
Scenario 2: Both PMIs Worse than Forecast
Actual Manufacturing PMI: 48.0 (Worse than 48.8 forecast)
Actual Services PMI: 54.0 (Worse than 55.2 forecast)
EUR/USD: Up - If both sectors disappoint, this could indicate economic weakness in the US, leading to a weaker USD.
GBP/USD: Up - Weaker US data might make GBP relatively stronger, especially if UK economic indicators are not as disappointing.
USD/JPY: Down - A disappointing PMI might lead investors to question the US economic recovery, potentially weakening USD against JPY.
The Fib is just an example if we was to see a sell off it may come into play. If we not seeing a sell off the Fib will be non existent.
NZDJPY Will Go Up From Support! Buy!
Take a look at our analysis for NZDJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 90.196.
The above observations make me that the market will inevitably achieve 90.681 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Gold on the Bitcoin fibonacci multiplierWhat bitcoin does on a small timescale of 15 year we see happening in gold on a multi decade scale.
Looking at the Fibonacci lines you can see that the first peak in 1974 hit the Red Fib Multiplier before retracing again. In 1980 the second touch in this cycle hit the orange line.
In 2011 gold hit the yellow line at $1900, As we are now in the second phase of this bull market, I expect gold to hit the red line between 2026 and 2030 at 7-10K
Currently the cycle is dominated by uncertainty, risk aversion(debt load) and inflation and I dont see a change in the world for these topics in the next few years.
GBPNZD: Bullish Continuation & Long Trade
GBPNZD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy GBPNZD
Entry Level - 2.1437
Sl - 2.1379
Tp - 2.1542
Our Risk - 1%
Start protection of your profits from lower levels
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EUR/NZD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the EUR/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.803.
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EUR/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 162.784 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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EURUSD: Bullish Forecast & Bullish Scenario
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURUSD pair price action which suggests a high likelihood of a coming move up.
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#WLD Potential Buy SetupGood Morning Ladies and Gentlemen's
i Introduce you my Prediction that the Officialy Altcoin Season had Started.
from now on look on bigger Target and Watch out how almost All Coins will Pump some in one Day some in the Other Day so from here on i don't need to Spam you with tons of Coins in a Day when you know everything will Pump.
The Best Safe Opportunities is SPOT but its your Choose.
📈 Entry CMP : 2.284
🛑 SL: 1.961
🎯 Target 1: 2.831
🎯 Target 2: 3.606
🎯 Target 3: 4.403
Cheers to All 🍾
BTC USD Update99K price tag as of now, absolute money machine, top asset in my book, just great to open screens and see how this thing has moved again and again. Absolute best year in history of trading. So what happens if we take 100K? Well, we have 49050.01 low to play with. If price gets some sort of bullback, we're cool with it. I'm not closing my spot trades, allowing the chart to breathe. With scalps and swings, I'm definitely paying myself. Well, I'm keeping stops under 4H structure points as of now. But oh boy, what a great feeling to see this thing taking off like a rocket.
USDCHF Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88400 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88400 support and resistance zone.
Trade safe, Joe.
ETH BREAKOUT??Simple chart with key levels shown. After the Trump victory price has broken out from the downtrend of 7 months. So far the breakout has been capped at the major resistance level of $2850. It's a clearly important S/R level with clear TPs on the way back up to local high.
Entry is a tricky one, the macro is clearly bullish with the election news + interest rate cuts happening globally. A safer entry would be a flip of the resistance @ $2850.
A second entry would be the green box and still broken out of the downtrend. That would make the entry closer to being wrong and therefor better R:R but for me less probable as $2850 is still major resistance.
Invalidation is under the green area around $2700 and falling back under the downtrend, approx -6.5% under the possible entry once the S/R is flipped.