USD/JPY : Towards a new resistanceAfter the amplitude decline, a new support has opened and is heading towards a new resistance pending the building of the resistance.
US-DOLLAR
USD/CAD : He came close to breaking the resistanceIf the support is broken, the price will head to strong resistance
EURUSD: Decade-long path to parity
hey traders,
I hope that you all enjoy holidays :)
now we have a perfect time to talk with you about a long term perspective on different financial instruments.
I decided to start with EURUSD.
From 2008 the pair is in a strong bearish trend.
From the current perspective, it looks almost inevitable that in the next few years we will see parity between euro and us dollar.
now the market is proceeding to a current market low 1.05.
taking into account the average annual trading range I believe that with a high probability we will be there next year.
The bias remains bearish and for now, we don't see any indication in a change in market sentiment.
keep following the pair within the underlined channel.
P.S
I am not a big fan of fundamentals but I want to hear the fundamental view on EURUSD
so feel free to share your thoughts in a comment section!
AUDUSD Close To Sell Zone
hey traders,
AUDUSD is coming closer to a strong resistance area .
bulls are pushing the market within boundaries of a rising wedge pattern.
if you want to conservatively trade this setup, the best strategy that you can stick with
is to
1. Let the market reach the underlined area
2. Wait and sell bearish breakout of a rising wedge
3. Target levels: 0.689/0.687
4. Stop will be above the last higher high within the wedge .
AUDUSD Close To Sell Zone
hey traders,
AUDUSD is coming closer to a strong resistance area.
bulls are pushing the market within boundaries of a rising wedge pattern.
if you want to conservatively trade this setup, the best strategy that you can stick with
is to
1. Let the market reach the underlined area
2. Wait and sell bearish breakout of a rising wedge
3. Target levels: 0.689/0.687
4. Stop will be above the last higher high within the wedge.
AUDUSD: Bearish Cypher Pattern
Almost completed bearish cypher pattern on AUDUSD .
Entry (sell limit) - 0.692
Stop - 0.695
T1 - 0.689
T2 - 0.687
NZDUSD: Bearish Forecast
hey traders,
NZDUSD has recently broken below a minor support 0.6575.
After a retest bulls show their unwillingness to proceed.
I believe that today we can expect bearish continuation to lower levels of support.
Key levels are:
0.654
0.651
USDJPY: Trading Plan
USDJPY is currently retesting the recent market high.
It looks like the market may form a double top pattern.
Pay close attention to a rising channel and sell the market in case of a bearish breakout.
Stop will be strictly above the higher high.
Target levels: 109.3 / 109.0
*if the market goes higher and closes above the current high, our setup will be invalid.
DXY (Dollar Index): Bad Days For Greenback
Dollar index has broken below a key horizontal support 97.0
It is a very important clue to consider analyzing the market.
I believe that next week we may expect further bearish continuation.
the next key level for the greenback will be 96.
GBPUSD: Short Trade Explained
Video analysis on GBPUSD and explanation of a short trade that went active on Friday just couple of hours before market close.
Please, support the idea with like and leave a comment! thank you :)
DXY (Dollar Index): Important Update
hey traders,
dollar index is close to a major trendline .
this trendline matches perfectly with horizontal support.
I believe that we can expect a bullish reaction from the underlined area.
Target levels are:
97.8
98.4
DXY (Dollar Index): Important Update
hey traders,
dollar index is close to a major trendline.
this trendline matches perfectly with horizontal support.
I believe that we can expect a bullish reaction from the underlined area.
Target levels are:
97.8
98.4
NZDUSD May Retrace From Key Resistance
hey traders,
NZDUSD has reached the next level of resistance.
we see a perfect match of horizontal structure/rising upper boundary of the channel/0.618 fib retracement level.
+ take into account rsi overbought with divergence.
I believe that there is a high chance to see the retracement from the identified level.
Target levels will be:
0.650
0.645
USDCAD DOWN After Coorection USDCAD it is PIG Opportunity but you must wait until breakout after that I'm sure you will Get big profit If Allah Say
NB : Be Carefully Please Because Of This is a Market Thanks A Lot Guys Good Weehttps://www.tradingview.com/x/jx87kFM0/k .
EURUSD is standing on a strong resistance.
For now, the pair is in complete indecision!
The side of the breakout of the horizontal range will show us further market direction.
I will be focused on a bearish breakout to short the market and catch a pullback!
My target levels will be
1.1055
1.1040
EURUSD May Drop! But Wait For Breakout!!!
EURUSD is standing on a strong resistance.
For now, the pair is in complete indecision!
The side of the breakout of the horizontal range will show us further market direction.
I will be focused on a bearish breakout to short the market and catch a pullback!
My target levels will be
1.1055
1.1040
USDJPY May Retrace From 110.0 Level
USDJPY Remains bullish.
I believe that buyers will go even higher and our first pivot point is 110.0 level.
This level combines a horizontal resistance and a rising trendline.
Look for a reversal formation within the underlined area to short the market.
Target levels are: 109.5 / 109.0
AUDUSD: Bearish Forecast
This week AUDUSD has broken below a key structure support level.
The breakout is considered to be confirmed and I expect bearish continuation next week.
Target levels are all in 20 pip range :
0.674
0.672
0.670
AUDUSD: Bearish Forecast
This week AUDUSD has broken below a key structure support level.
The breakout is considered to be confirmed and I expect bearish continuation next week.
Target levels are all in 20 pip range :
0.674
0.672
0.670
AUDUSD May go up! Here is why...
hey traders,
it looks like the market has respected the month's low
and now bulls are in an attempt to break above the falling wedge pattern.
if the market breaks and closes above the wedge we can buy the pair expecting bullish continuation.
T1 - 0.68
T2 - 0.682
Stop- 0.6764
USDCAD: Weekly and Daily Timeframe Analysis
my thoughts on USDCAD from a long term perspective.
bearish outlook and justification.
please, support the idea with like and leave a comment!
