My BIAS for USD/CAD for this upcoming week is NEUTRAL. My reasoning behind this is -We are currently consolidating between 1.33400 & 1.31900. -We have just rejected a strong level of Daily Resistance and broke down about 50% of the current distance between our Daily Resistance and our strong 4HR Support. -We could see a break above our Daily Resistance...
-Daily Chart Explanation: Price is currently making a Double Top Pattern with the previous high. We need for a rejection daily candlestick to confirm the bounce, but in case it happen then there is a potential movement towards the Support Zone at 0.9300. And, nn case this zone is broke, then the Weekly Ascending Trendline would be the target. -Weekly Timeframe:
This is my NZDJPY setup for Sunday. The ascending wedge indicates that a sell is coming.
DACAPITALTRADING V2.0: WELCOME TO DACAPITAL TRADING, WE PROVIDE ANY KIND OF TECHNICAL AND FUNDAMENTAL ANALYSIS FOR FOREX AND CRYPTO-CURRENCY MARKETS EVERY DAY! - 1 HOUR Strong bullish market right now forming new highs. 4 HOUR Bullish breakout with strong buyers pressure. DAILY Over 60% pullback of previous elliott wave and range. OVERALL Very strong...
AUDCAD has broken through the current downtrend on large bull momentum (steep stochastics). We expect the momentum to continue as it goes and tests the 38.2% fib in the short-term. In the long-term we can see 0.97000 being tested if the trend holds. SL below recent lows. Buy TP 1: 0.95400 TP 2: 0.95950 TP 3: 0.97000 SL 1: 0.93800 SL 2: 0.93180
The recent bear momentum in EURGBP has slowed with price flattening out along a major support line. We expect price to rebound towards nearest resistance. High reward:risk trade with a tight stop below support and target resistance lines up with the 38.2% fib. Buy TP: 0.86840 SL: 0.74720
On the daily levels we see a head and shoulder being formed. Currently on the third touch on the support level looking to retest and break out. I'm looking for a move to the 142.452 level
i'm not basing my trade only on RSI divergence but this one is convergent with this support, let see how it'll react to that support
GBPNZD has just indicated a double top formation + RSI bearish cross signal. We enter short with a healthy risk:reward ratio, with 3 main targets. As short-term trend is bullish, we only stay short with momentum and exit on bullish price action near the targets.
Looks Like that GJ has broken the falling Wedge and has retested with a rejection and should go long next Week
Seems like AUDUSD is going to Bounce from trendline with double bottom setup. If you find this setup useful then like and comment :)
Closed trade & next scenario A quick update on our trade and what we see happening in the market. Our plan still holds: we reached our second target and reached max target. We expect some to see some range-like behaviour before possibly reaching the 2.618 extension level. Or perhaps we will see a strong bearish reaction and cycle at our max target. As always, we...
Upside breakout on Honeywell (HON) Technical event: falling wedge, trend channel, money flow index and increased volume Target at 7.5% with a tight stop-loss set at 3.25%.
I think there is a reversal coming soon on CAD/CHF - HERE is my ANALYSIS ! Scenario number one is looking for the bounce as price comes to the Trendline second Scenario if price breaks the Trendline we will be heading down to the lower support zones which also represents the all time lows These are strong ares to consider buy setups.
ALERTED. nice and simple
Looking like we could be forming a sell setup here - i would be looking to see if price can pull back to the Resistance zone and from there see if we get the sells
Break of the 7720 level can get us in the trade. Target area should be somewhere in the fib zone, difficulty with this setup is that the resistance is a quite wide zone as this is our target. Setup is off the table when it breaks below 7690.
Zilliqa has found the bottom at 350 satoshis and went sharply up, breaking above the 8/1 Gann Fan trendline. On a corrective wave down, after the breakout, price went down to 38.2% Fibonacci retracement level, at 480 satoshis. This level has been rejected and ZIL/BTC Produced a new all-time high, hitting 580 satoshis. Yet another corrective wave down followed,...