Tehnicalanalysis
Eur/Jpy(Sell,Short)Hello everyone :)
After we saw a big sell-off, the British Pound and Australian Dollar which were big gainer on the market for the whole of February, and Japanese Jen was the worst performed currency,
is there any possibility for making Japanese Jen a very good performed currency?
From a fundamental point of view, Japanese Jen was the worst performed currency because investors gave up investing in save haven currency, and they started to invest in risk assets such as British Pound, etc. British Pound and Australian Dollar were best-performed currency because England made decrease of infected and they are the second country in the world which they vaccinated their population. Also WHO reported a big decrease in infection in the whole world which is also not a good sign to invest in Japanese Jen. Probably you are asking yourself, why I am so sure about investing in Japanese Jen. Well if you are watching an infection rate Germany and Japan are in a big decrease momentum but the big difference is in that Germany will probably extend their "lockdown" and on the second hand, Japan started to vaccinated their population which they had a problem a month ago about a whole plan. In the beginning, they didn't know when the whole process would start, who is first in a population that will be vaccinated, and who will be their main supplier of the vaccine. As I mention in the post AUD/JPY(natural) they made an arrangement with BioNTech about the vaccine. In my opinion that is the main reason why is, EUR/JPY was a big uptrend at the moment because the Japanese government needed to exchange a lot of Japanese Jen to convert to Euro to pay BioNTech for the vaccine. But there is one problem. As well Europa and Japan are second-biggest trading partners of import/export goods and at the moment Euro export price against Japanese Jen is too expensive at the moment and we can see a good sell-off. I am watching this pair a lot and when is some period of price made a "52-week high or low" or etc. we often saw a good buy or sell off(depends on where in the market at the moment).
From a technical point of view, we can see that price at the moment at the big ascending channel and the small descending channel which we can also interpret as a bearish flag, but because of fundamentals and making at the moment LL, LH, and breaking previous low, which we can read that maybe sentiment is changed. I prefer to see this pair in a sell-off mood. We can see above a price a sell zone and a resistance line and my personal enter will be a start making a new LL, LH and there I see my potential entry-level. Both EMA´s are above the price which is a good indicator that the price will dropdown. TP will be at the nearest support line and SL can be over the previous high or above the resistance line and our sell zone.
WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
TESLA LONG IN 4H CHART- Never been under 200 EMA between oct 2019 and now.
- MACD will cross
- RSI as one bottom done and will do another before reversal
- Touch the trenline and will bounce up
- In support zone
SL: 637.04
BUY: 715
TP 791
TP 2: 888
TP3: 1030
GOLD (XAUUSD) Waiting For Important Decision Next Week!
Gold is still trading within a wide horizontal trading range on a daily.
1765 is its low and 1965 is its high.
Based on a current price action I see two potential scenarios:
1 - The price may respect the drop to support of the range and continue trading within the underlined boundaries consolidating
2 - The price may break the support. Daily candle close below will signify a highly probable bearish continuation.
For now trading gold is not safe. Let it reach key levels before you open a trading position.
What do you think will happen?
GOLD (XAUUSD) Waiting For Important Decision Next Week!
Gold is still trading within a wide horizontal trading range on a daily.
1765 is its low and 1965 is its high.
Based on a current price action I see two potential scenarios:
1 - The price may respect the drop to support of the range and continue trading within the underlined boundaries consolidating
2 - The price may break the support. Daily candle close below will signify a highly probable bearish continuation.
For now trading gold is not safe. Let it reach key levels before you open a trading position.
What do you think will happen?
AUDUSD: Swing Trading & Technical Analysis
Here is our technical outlook for AUDUSD.
Our analysis is based on purely technical outlook.
According to our chart AUDUSD is coiling on demand cluster.
Based on our analysis the price will accumulate
to the next resistance level.
Please, support our analysis with like and comment!
CADCHF: Forecast & Trading Plan
Here is our today's forecast for CADCHF.
Our analysis is based on current market fundamental sentiment.
According to our chart CADCHF reached a strong support area.
Based on our outlook the price will accumulate
to the next structure resistance.
Like, comment and subscribe to our TradingView Page.
CADJPY: Will Keep Falling! The Next Goal is:
Hey traders,
Here is our technical analysis on CADJPY.
The level where the price is trading right now is strong
and the price will most likely bounce from that.
Like & Comment Our Analysis, Please!
GBPCHF: Bearish Forecast & Outlook
Here is our technical outlook for GBPCHF.
Our analysis is based on current fundamental situation.
According to our drawing GBPCHF reached a strong supply zone.
Based on our view the price will go lower
to the next support level.
Please, leave a comment and support us with like.
AUDCHF: Expecting Bearish Movement! Here is Why:
Hey traders,
Here is our technical analysis on AUDCHF.
The level where the price is trading right now is major
and the price will most likely retrace from that.
Like & Comment Our Analysis, Please!
GOLD (XAUUSD): Technical Outlook & Price Action
hey traders,
here is my multi-timeframe outlook on gold:
on a daily the price is still coiling on a major falling trend line that the price touched last week.
Taking into consideration that the global trend is bullish, I still expect a bullish reaction & continuation.
However, checking the situation on hourly time frame, we can clearly see that the price is currently consolidating.
Local support cluster is based on a daily trend line and 1817 level - current local structure low.
I believe that we can expect an intraday bounce from that next week.
I would also recommend waiting for a confirmation before you buy.
Good luck!
GBPUSD analysis and forecast (update)Hi traders, yesterday i posted that i expect drop on gbpusd, and price now made bearish flag. Wait for strong breakdown before selling! If price wont stop and will continue pushing to the upside, then this flag will become invalid and we will probably see retest of that suply zone. Be patient and good luck
USDCAD in Major Weekly Range! Long Term Outlook:
Analyzing 5-year price action cycle on USDCAD we may see that the pair is ranging.
The price is stuck in a huge horizontal trading range and now we see a steady bearish continuation.
Most likely market makers are aiming at 1.19 - 1.23 support cluster.
It is the closest strong structure and major reversal can start from that.
For now, wait and prioritize short trades.
Look for pullbacks on lower time frame for safe entries.
Do you agree with my outlook?
Please, support this idea with like! Thank you!
The Euro pulls back further from Wednesday’s 1.2350...The Euro pulls back further from Wednesday’s 1.2350 apex following another approach, the Loonie recoils from 1.2650+ to sub-1.2700 post-Canadian trade data and the launch of a dispute settlement process against its NA neighbour over tariffs on solar products that it deems to be unwarranted. It may be too premature to draw firm conclusions or make assumptions, but price formation looks promising for the Buck in terms of building momentum, while another solid ISM survey, bar the services employment index, should in theory keep bear-steepening along the US Treasury yield curve intact to buttress the Greenback. Indeed, the Dollar remains on the rebound against all G10 rivals with the DXY eclipsing prior weekly peaks to trade at 89.979 vs its new 89.206 multi-year low.
NZDUSD: The MOST BULLISH Pair of 2020
In 2020 NZDUSD naturally kills pullback & counter-trend traders.
Since March the pair is sharply bullish and breaks one resistance after another without any hesitation.
32% net growth. Crazy...
I have tried a couple of times to short the pair but realized that bears simply refuse to push.
Now the closest major resistance is based on 0.74 - 0.755 resistance cluster.
That area is based on 2016th's, 2017th's, 2018th's highs.
I will consider short opportunities only from that area.
For buying, I would recommend waiting for a pullback because the pair looks quite overbought.
Why NZDUSD is so bullish? What do you think?
Please, support this idea with like! Thank you!
EURUSD TEHNIKAL AND FUNDAMENTAL ANALYSISHELLO TRADER, WE LETS SEE EURUSD POSITIF SELL FOR INTRADAY
SO LET'S SEE
#JUSTANALYSIS #NEWBIETRADER
GBPUSD LETS MAKE CHART PATTERN MAJOR TREANGLE RUNNIG BULLISH FOR 4 HOUR GOING PRICE 1.3XXX, AND AFTER THIS, LETS BREAK FROM BIG NEWS USD, GOING BREAKOUT LEVEL
SO, JUST ANALISIS, ENJOYYY!!
GBPUSD TEHNIKAL AND FUNDAMENTAL ANALISIS FOR SHORT U CAN BUY AND RUNNING TO RESISTEN, AFTER THAT YOU CAN SELL IF NEWS USD ALREADY FINISH AND WE SEE ACTUAL. IF LOW , CONFIRMATION TO SIGNAL SELL
EURUSD analysisHi traders, since we expect dxy to continue moving to the downside, I expect price to push higher on EU. We are having ascending channel on 4h, and insde that channel there is runing flat for buy. I expect break of previus high around 1.2538 (i will update below higher tf picture for better understanding). Anyway im not sure that we will see that push this year, but deffinetly in the start of 2021. Good luck everyone, and have a nice day!
EURGBP will grow like a palm treeEURGBP broke out of the channel. Here are the targets:
Target 1: 0.9155
Target 2: 0.9219
Wait for the retest before placing the BUY order :)
Get on the board next GBP/CAD station is "Crash":(Part 3).Market is moving bearish 4H/1H.
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.69877 or 1.70372, then back to 1.68253.
3:Market below the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and CAD.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk.
If you have any questions do ask in the comments.
