Swingtrader
USDCHF: Bullish Move After Breakout 🇺🇸🇨🇭
Look at a price action on USDCHF.
The price broke a resistance line of a wide horizontal range on a daily.
After a breakout, the price started a local correctional movement on a 4H.
A bullish flag pattern was formed.
With the opening of a NY session, the market went up and violated
its resistance.
With a high probability, growth will continue now.
Goal - 0.8598
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GBPCAD: Bearish Outlook After News 🇬🇧🇨🇦
GBPCAD may continue falling after a release of US unemployment data.
With a high probability, the price will reach 1.771 level.
As a confirmation, I see a strong bearish reaction to a recently broken
horizontal resistance that turned into support now.
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Seeking dips on GBP/CHFA bullish trend has developed on the daily chart. Prices have pulled back lower, yet support was found at the 50 retracement level and the cross now trades back above the 200-day MA.
A bullish divergence has formed on the 4-hout chart, and price action appears to be corrective on this timeframe. Also note that the 2-year spread between GB-CH yields ahead of prices to suggest upwards pressure could be building on GBP/CHF.
Given the bullish structure of the daily timeframe, pullbacks towards the monthly pivot point could be appealing for bullish setups, in anticipation of a move up to 1.14.
Seeking to fade into AUD/JPYA prominent bearish outside / engulfing day formed on Friday. Moreover, it failed to hold above the 200-day MA and closed the day back below the 100 handle. And its high almost perfectly respected the high-volume node (HVN) from the July high to August low.
A bullish trend has developed on the 1-hour chart after the initial selloff found support around a 38.2% Fibonacci level. However, we're now seeking signs of weakness around the daily R1 pivot, or 10 handle resistance zone for a swing trade lower (given the strength of the bearish engulfing candle on Friday).
The daily S1 and S2 pivot point around 99 and 98.50 respectively are downside targets for bears to consider.
MS.
AUDNZD: Strong Bullish Signal?! 🇦🇺🇳🇿
AUDNZD broke and closed above a resistance of a wide horizontal range on a daily.
With a high probability, the broken structure turns into support now.
The pair will most likely continue growing.
Next resistance - 1.097
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MarketBreakdown | USDCAD EURNZD, GBPCAD, GBPCHF
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ USDCAD daily time frame 🇺🇸🇨🇦
The pair is currently consolidating within a horizontal range on a daily.
I am waiting for a breakout of a one of the boundaries of the range
to confirm the future direction of the market.
I think that the price may keep coiling before the FED rate decision on Wednesday.
2️⃣ EURNZD daily time frame 🇪🇺🇳🇿
Similarly to USDCAD, EURNZD is also in a deep consolidation.
The pair trades in sideways for many days, perfectly respecting the same
horizontal resistance and support.
Our trigger and the signal will be its breakout.
3️⃣ GBPCAD daily time frame 🇬🇧🇨🇦
We see a violation of a significant daily horizontal resistance and a formation of a new year's high.
It indicates a clear strength of the buyers and a highly probable further bullish continuation.
I will look for a retest of a broken structure to buy from there.
4️⃣ GBPCHF daily time frame 🇬🇧🇨🇭
I see a confirmed breakout of a resistance line of a falling parallel channel.
With a high probability, the price will go up after its retest.
Do you agree with my market breakdown?
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AUDCHF: One More Breakout Setup 🇦🇺🇨🇭
I see one more important daily structure breakout.
AUCHF violated a support cluster of a wide horizontal range.
It is a clear sign of the sellers and a strong bearish signal.
I think that the price will reach at least 0.56 level soon.
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AUDUSD: Bearish Reversal Confirmed 🇦🇺🇺🇸
AUDUSD formed a head and shoulders pattern on a daily time frame.
With the release of the Friday's US fundamentals,
the price dropped rapidly and violated a neckline of the pattern.
This morning, the price nicely retest the broken neckline and respected that.
We can anticipate a further bearish continuation now.
Next supports: 0.6645 / 0.657
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AUDUSD: Bearish Reversal Confirmed 🇦🇺🇺🇸
AUDUSD formed a head and shoulders pattern on a daily time frame.
With the release of the yesterday's US fundamentals,
the price dropped rapidly and violated a neckline of the pattern.
We can anticipate a further bearish continuation now.
Next supports: 0.6645 / 0.657
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