Majors
GBP/CHF -8/3/2022-• Triangle breakout in play
• Pair might re-test breakout point and continue lower, given that during situations like current one, investors rush to safer assets which puts the Swiss Franc in a better place compared to the Pound
• As long as 1.2100 is holding, range bound expected
• On a successful break of the above level, there is no much support until 1.1690
USD/JPY : The MOST significant Volume cluster from the 2021 🚀Finally we have here the strongest Volume cluster for 2022!!!
And you are right is is from Year 2021...
This is so strong S/R for me based on Volume profile .
On USD/JPY is nice to see strong buying reaction from the price 110.00 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
EUR/USD : The MOST significant Volume cluster from the 2021 🚀Finally we have here the strongest Volume cluster for 2022!!!
And you are right is is from Year 2021...
This is so strong S/R for me based on Volume profile.
On EUR/USD is nice to see strong sell-off from the price 1.1556 and 1.1802 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend for almost a year + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
NZDUSD SHORT 1H & 4H TFGBPUSD: Price appears to be getting bearish on the monthly. Price is bearish on the weekly. Price is currently in a pullback/correction after a bearish leg, I expect price to continue to the downside.
NZDUSD: Price is bearish on the weekly and daily. I want to see price test this support level on the 1H and 4H TF. Taking this short trade , trying to avoid any large pullbacks or possible reversal.
Like & follow if you like what you see.
This is in no way financial or trading advice.
DAILY MAJOR CURRENCY MARKET ANALYSISDAILY MAJOR CURRENCY MARKET ANALYSIS
September 17/2021
EUR/USD dip further with a heavy volatility stride against the August 13th lowest point. It was predicted yesterday that the overall market condition of the EURO - DOLLAR pair will be bearish, more often than not the market adhere to the presence of the bears.
In view of the EURO- DOLLAR market structure, it should be noted that in subsequent trading sessions market will tend to have a mild pullback and retracement, which will be needed to stabilise the demand and the supply of the market.
But presently market players including the interbank market are quite less in need of the Euro thus a weaker notion on the EURO could foster the profitable actions of the sellers.
Reporting major currency momentum across boards it is discovered that the US dollar had a positive impression in the market at the closure of this week trading session.
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MAJOR CURRENCY MARKET GAIN POSITIVE MOTION AMIDST WEAK NFP REPORMAJOR CURRENCY MARKET GAIN POSITIVE MOTION AMIDST WEAK NFP REPORT
September 4/2021
The major currencies market was seen earlier on Friday 3rd September 2021 moving in a low volatility state, in preparation for the NFP report. market analysts and economy forecasts expertise have, however, set up an expectation ahead of the US economy Non-farm payroll update in which the actual forecast was targeted at 665K but the previous release attained by the NFP data in July was 798K.
A higher than expected analysis for the US job employment update could bring a bullish presence into the market. While On the other hand a lower than expected report will result in a bearish posture In the market. But for the August US job payment employees report a weaker than expected figures surge the US employment data, thus a positive price action will be appreciated on the side of every greenback combining pairs.
Therefore, the major currencies had a positive dynamic price action in the just concluded trading session.
Technical Analysis forecast and market likely expectations for the EURUSD next trading week: it should be noted that the price of the EuroVS US dollar in the last trading session has, however, broke above two prime resistance hence on the report of the NFP data last Friday could result in an increasing number of buyers who are interested in taking the price of EURUSD pair to the third resistance point which is set at 1.20235
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EUR/USD TECHNICAL ANALYSISEUR/USD TECHNICAL ANALYSIS
September 2/2021
Dollar weakens against the Euro causing the bulls to dominate the EURUSD currency market.
So far this week trading session as recorded a bullish gain of over 95% twice larger than the previous week trading profits.
Market participants are however the key factor behind the bullish moves that was recorded in the market. And apart from the traders reactions to the positive price action. market volatility was said to have sky rocket during the trading sessions.
In general support and resistance level were closely observed as they determine the Main area of value for taking a position, and for the case of EUR/USD Support and resistance level has indeed make trading decisions a lot easier.
While going down to the market analysis in terms of technical and indicators analysis you will clearly see that on the 4 hr time frame market has been displaying a continuous bullish flag indicating that the bulls are in charge of the market. Yet it should be noted EUR/USD price is aiming a target towards bringing price to the July 20 most recent highs. Hence market participants are in response to it actions.
In addition to this, if price should hit this level forex traders must be ready to take their profits because at this point the market will be in an overbought condition, likewise the RSI indicator is presently above 60.
Trading recommendation EURUSD is likely to be facing a resistance at 1.18812 hence a good trading decision will be to close any position upon reaching this level.
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USDCHF ANALYSISUSDCHF rebounded from support level corresponding to 61.8% Fibonacci level at 0.9100 with strong bullish movement
MACD shows weakness in bearish momentum
RSI is above level 50
We r waiting for price to target the resistance level at 0.9205
then finally target supply zone at level 0.9240
EURUSD ANALYSIS EURUSD is trading in uptrend
Price is above key level at 1.1750
Price is above HVN at level 1.1740 which indicates that pair is in accumulation phase
Above SMA 100
we r waiting price to break corrective downtrend near level at 1.1785 to open long trade
It's expected forming bullish Elliot wave 5 to target resistance level at 1.1855
AUDUSD SHORT AFTER CONSOLIDATIONAUDUSD is in a clear downtrend for more than 6 months.
The last corrective rally showed that 0.74 is very strong resistance and I expect a new local low from this pair.
A break under short term trend line support could be a sign that a new leg down has started,the support level is broken and the price continues to consolidate below. On the way below there is a target - the support level , lookING forward to a fall after the end of consolidation.
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EURUSD heads to 1.1880 key resistance ahead of US GDPThe post-Fed rally of EURUSD pokes a two-week-old resistance line as bulls brace for the preliminary figures of the US Q2 GDP, up for publishing later today. While the stimulus news and FOMC constitute a double whammy attack on the US dollar, suggesting the upside of the adjacent hurdle near 1.1860, bulls are likely to remain unconvinced until the quote stays below 1.1880, comprising multiple levels marked since June 22. The same 1.1880 level also forms the breakout of rounding top bullish pattern and the confirmation of the same will not hesitate to challenge the late June’s peak surrounding 1.1975.
Meanwhile, pullback moves can re-test the 1.1800 threshold but the mid-July lows near 1.1770 will challenge any further weakness. Also acting as the downside filter is the monthly bottom close to 1.1750, a break of which will direct EURUSD sellers to the yearly low of 1.1704. It’s worth observing that the pair’s recovery moves reach the key levels but the RSI is also approaching the overbought territory, suggesting another pullback should the data renew USD buying.
AUD/USD Weekly Analysis (3rd week of July,2021)Asia-Pacific markets face a shaky open to the week after Australia tightened lockdown measures in Sydney, the country’s most populated city, over the weekend. The New South Wales (NSW) capital city saw a range of added restrictions since Friday, including a shutdown of non-essential retail storefronts, as policymakers scramble to contain a new wave of infections driven by the highly transmissible Delta variant.
DXY Showing Downward SignsAs you can see DXY is heading back up to a key resistance, I do not think that DXY has shown any signs of breaking through this resistance and continuing upwards. I do however think that DXY will touch this resistance and then come back down to test the major key level at 92.437. This level is key as it has been tested multiple times before, and I do think DXY has become reliant upon this level, so it will be interesting to see what DXY does.
I do think DXY will breakthrough and continue back downwards, which is the long term trend if you look at the higher time frames, so the drop is inevitable, and is surely coming very soon and we might see it this week. With DXY crashing, this opens up the idea of LONGS across XXXUSD pairs, meaning we may see a lot of movement across the Major Pairs this week.
However, we do have to remember this is the American Dollar, DXY may also bounce off the key level and continue upwards, soaring towards its previous highs, so it will be an interesting week ahead, and it will be great to see what happens, however my bias is still saying this will be a bearish week for DXY.
Thank you for taking the time to read through this!