Elite_Forex

Elite_Forex

AUDNZD Long: The AUDNZD has been stuck, failing to break above the 1.21 - 1.31 levels. Since 2014. If we can see the price gain enough strength to break above we have a pretty clear run until 1.245. COT data is bearish, however, DXM is also very bearish. So in terms of timing, we will wait for Tuesday when we get updated COT data and see if this is a trade we can...

Elite_Forex

US30 Long: We can see the price has previously tested the psychological level of 30,000 previously on the 19th of June and was heavily rejected. Price is now heading back to this level, we can see we now have nice support and 200 MA coming up to meet this level. Due to positive U.S CPI data, we saw significant bearish pressure on U.S equities meaning we now have...

Elite_Forex

From a technical perspective, we can see that XRP already tested previous diagonal resistance, which couldn't break so we can expect it to bounce back from this zone and retest the previous lows. We also have a STRONG sale signal from the QQE indicator which tends to be accurate more than 60% of the time for this asset. With the overall fundamental news that is...

Elite_Forex

*Analysis* GBP/USD is currently testing resistance level so we are looking for short opportunities as the Dollar continues to strengthen. And just at this time, the DXY is about to spike up and serve us as an entry signal. *Trade* Possible 1:7 RR but I would suggest closing part of the position after hitting 2/3 R and moving the SL to BE Check out my other trading...

Elite_Forex

DXY is going to test the support and head for another peak upwards. It is always good to pay attention to the index as it can improve our forex trades. If everything goes as planned we can look for GBPUSD short as it is in an area of value and with the DXY and fundamentals on our side, it will be a high probability of TP trade.

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Nasdaq Short idea Overall bearish trend and we have the opportunity to enter short from the area of value close to fib level with a nice entry trigger on the 1hr TF. Sell now: 12248.05 TP: 12087.42 SL: 12311.67

Elite_Forex

We are maintaining a short EUR/USD trade idea to reflect our conviction that the pair will break decisively below parity. We expect the EUR to remain under downward pressure in the near-term driven by ongoing fears over disruption to the euro-zone economy from energy supply constraints and fragmentation risks. There was some relief this week that NordStream 1 gas...

Elite_Forex

Usd/Cad Sell Limit After the slight uptrend, we believe that USDCAD is ready to mean-reverse, based on the push and pull of both central banks on inflation. Also, this reason for portfolio rebalancings may trigger reversals. Check my other related short ideas

Elite_Forex

OANDA:EURAUD We have the fundamentals in our favor-EUR weakening because of the war in Ukraine, and also we have the Technicals in our favor as we are in a downtrend and under the 200MA on the Daily. The price is at this resistance level that has been tested 2times previously so we are at AOV (Area Of Value) and possible 1:3/4 RR.

Elite_Forex

OANDA:XPTUSD Simple technical analyzes. 3:1 Risk Reward ratio

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Pattern: Bearish Pennant Trend: Bearish on the D and Bearish on the 4HR Entry: Searching for cheap entry around the breaking level Indicators: ATR, Moving Average Position: Short Levels: * StopLoss: above the upper trend line on the pennant -4150.00 *TakeProfit: Retest of the previous low -3880.00 *RiskReward: 2

Elite_Forex

FRED:SP500 S&P is going to test the most important level for this year. If this level gets broken we can look for another retest of previous lows which are not close. This level not holding means a significant decline for both crypto and stock markets as they are already surging downwards and there is already PANIC on the horizon. The fundamental events that will...

Elite_Forex Updated 

If we start analyzing from the D-timeframe we can see that we are at a strong Support level and we have more than 1000pips to the upside we go to the lower timeframe like the 1hour TF we can see an Ascending Triangle. So the best way to play out such a trade is to wait for the breakout and set our SL just below the support line (Or preferably 1ATR below it) and we...

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GBP/CHF FX:GBPCHF * The simple technical setup for a long trade in a range market. We start analyzing from the Daily TF and we can spot the reaction to the resistance level and we go down to the 4HR TF for entry trigger. The price has already moved a distance from the area of the value zone but a 1:3 Risk Reward is still possible. We can go even to lower TF for...

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OANDA:XAUUSD * Technical Currently, we are at the 1900$ level and if we start analyzing the chart technically from the Daily we can easily spot that this is a strong support level where the trend can find new buyers and make a new wave upwards. If we go down to the 4H TF we can spot that the 1900 level is a really obvious one, and at the same time, it is a round...

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AMEX:VXX TVC:VIX VANTAGE:SP500 The main reason to be bullish in an instrument that is -99.99% down and continues to depreciate all the time is that ​VXX usually sees explosive moves when the S&P 500 declines, and the moves in VXX typically far exceed the movement in the S&P 500. And so as the S&P just made lower high and lower low and we want...

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NASDAQ:FB Meta Quarterly Results Beat On Earnings But Short On Revenue Meta Platforms stock jumped as the social media company reported first-quarter results after the market close that beat earnings estimates, but missed on revenue . Facebook’s main social network added more users than projected in the first quarter, potentially staving off concerns that the...

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GBP/AUD - simple technical analyses idea for the upcoming fundamentals.