AUD/USD likely to fall!Hey tradomaniacs,
recent news have caused a huge stop-hunt at the topside of the range which is a strong indication of a move down.
If the current breakout continues and we see more momentum we can expect price to re-test the market-up support-zones.
Be cautious as we are going to see NFPs tomorrow, means price can stay choppy until then.
What do you think?
Swingsetup
CADJPY: Classic Trend-Following Setup 🇨🇦🇯🇵
Hey traders,
CADJPY is trading in a long-term bullish trend.
Reaching a new high the market started a correctional movement.
For more than a month, the pair was steadily falling within a bullish flag pattern.
Yesterday, its resistance was finally broken.
I believe that such a breakout may initiate a bullish trend continuation.
Goals: 102.7 / 104.5
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AUD/CAD: High volume breakout (Long)AUD/CAD: High volume breakout (Long)
- break of bearish pullback
- POC below current price
- higher-low-higher-high WSI sequence
- Low volume Node ahead
- Little volume to TP area
Wall Street Bank buying seen.
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GBPCHF: Very Bearish Outlook 🇬🇧🇨🇭
Have you seen that bearish breakout on GBPCHF.
The price broke and closed below a major daily demand area.
I assume that quite soon the pair will drop lower.
Next goal for sellers - 1.1925
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EUR/CAD: Structural H-Volume BreakoutEUR/CAD: Structural High Volume Breakout
- breaks bearish structure valid for several months
- High volume POC below current Price
- higher high and 2x trendline break
- very little volume ahead indicates room for run-up
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GBP/CAD: Wall Street Long SetupGBP/CAD: Wall Street Long Setup
- Higher High outside of bearish structure
- Heavy Bank Buying seen
- Point of Control below
- Upward trend etsbablished
CAD-weakness is an overall theme at the moment and likely to continue. H4 Swingsetup should play out over the next 1-3 days.
MarketBreakdown | EURUSD, USDCHF, WTI OIL, NZDUSD
Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ EURUSD - Monthly time frame 🇪🇺 🇺🇸
The market reached 6-years-low last week.
And as I predicted, the market started to recover.
It looks like bullish pressure is strong enough to even break a daily structure resistance.
I believe that we may expect a further bullish continuation
2️⃣ USDCHF - Daily time frame 🇺🇸🇨🇭
As I predicted, the pair dropped nicely from a resistance line of a rising parallel channel.
Now it is approaching its support.
If the price breaks that to the downside, I will expect a bearish continuation on the pair.
3️⃣ WTI Crude Oil - Daily time frame 🛢️
The price recently broke and closed above a strong horizontal resistance.
Now the goal for buyers is March's High.
From that I will look for a pullback trade.
4️⃣ NZDUSD - Daily time frame 🇳🇿🇺🇸
The pair is trading in a strong bearish trend.
Setting a new lower low lower close on a daily the market retraced and now we see a nice correctional move.
Ahead is a strong horizontal resistance.
Look for trend-following opportunities from there.
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DAX (GER30) about to follow US!Hey tradomaniacs,
DAX (Ger30) looks pretty bearish to me and could fall very soon in order to follow the US-Indices.
So far price has been more stable, but orderflow aswell as technicals do look bearish to me and we should see a drop very soon.
What do you think?
NZDUSD: Important Structure to Watch Next Week 🇳🇿🇺🇸
Hey traders,
NZDUSD is trading in a strong bearish trend.
The market is falling for 6 consecutive weeks.
Ahead is a very important zone of confluence:
we see a perfect match between a horizontal weekly demand cluster
and a falling trend line of an expanding wedge pattern.
I believe that soon we will see a pullback.
Pay close attention to the underlined area and wait for a confirmation to buy.
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EUR/AUD with a strong Pullback!Hey tradomaniacs,
EUR/AUD has re-tested a key-support-zone and is likely to move up along with the US-Dollar after Jerome Powells statement from yesterday.
If indicies turn around and retrace the rally we might see a rising EUR/AUD as risk-off is likely to continue.
Techincally a gfood spot to go long as soon as confirmed.
What do you think?
GBP/USD likely to fall!Hey tradomaniacs,
GBP/USD just re-tested a key-resistance after the breakout of the secondary trendline (correction) and is likely to fall due to flipping in the orderbook.
Be cautious as its bank holidays - use wider Stop-Losses or trade tomorrow!
Interest-rate-decision this week could obviously change everything!
What do you think?
USDJPY: Technical Outlook & Things to Watch 🇺🇸🇯🇵
Hey traders,
Being within a wide 8-years trading range,
this week USDJPY broke its resistance to the upside.
It looks like the next long-term goal for buyers will be 135.0 20-years high.
Next week consider the retest of a broken structure to catch a trend-following move
or patiently wait for a test of the underlined resistance to catch a pullback.
Have a great and wonderful weekend!.
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SPX500 with potential Peek-Sell!Hey tradomaniacs,
SPX500 has tested the current upper trendline and could continue its way down as recent attempt to break has got rejected with a fakeout.
As always I`m very cautious here due to the current volatility and uncertainy of the market.
Generally we can assume that rising rates are putting stocks under pressure which is why I`m currently staying on the bearish side.
A breakout could of course cause another correction to the upside, but as long as this level holds we have a potential peek-sell here in case of another rally sell-off.
What do you think?
GBPAUD: Classic Bullish Reversal 🇬🇧🇦🇺
Hey traders,
It looks like we have a classic bullish reversal on GBPAUD pair:
the price formed an inverted head and shoulders pattern on a daily time frame
and then broke and closed above its neckline.
Now I expect a bullish move to
1.773 - 1.778 supply cluster (first goal for buyers)
1.802 - 1.808 supply cluster (second goal for buyers)
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NZDCAD: Potential Swing Trade Explained 🇳🇿🇨🇦
Hey traders,
NZDCAD is trading in a long-term bearish trend.
Lower highs are perfectly respecting a major falling trend line on a weekly.
After the last strong bearish wave, the price reached that again.
On that, we see a descending triangle formation on a daily time frame.
To catch a bearish swing wait for a daily candle close below its support to confirm a breakout.
Then shorting on a retest we will expect a bearish move to 0.853 / 0.843 levels.
If the price respects a yellow support and breaks a trend line to the upside, the setup will be invalid.
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AUDNZD: Bearish Wave is Coming 🇦🇺🇳🇿
Even though AUDNZD remains very bullish since the end of the last year,
the market is approaching a major falling trend line on a monthly time frame at the moment.
Taking into consideration how the market reacted to that trend line in the past,
chances will be high to see a bearish move from that.
To sell with a confirmation, on focus is a rising wedge pattern on a daily time frame.
Daily candle close below its support will trigger a bearish move at least to 1.077
If the price breaks the trend line to the upside though,
a bullish movement will be expected.
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