Ha-Lion

Ha-Lion

This is a brief summary and analysis for major Currency Indexes. Please just only use this as a reference and do your due diligence and your own analysis.

Ha-Lion

Here is the size of Oanda spread. The spread size fluctuates at every second. However, there is a baseline provided by oanda and this chart is based on that. Smaller spread is more favorable as it will cost you less when you enter a trade. Also, it will have less slippage if you trade news compare to the pair that has wider spread.

Ha-Lion

On daily, it has made a inverted Head & Shoulders at psychological support of 0.85000. You can notice it in lower time frame as well. It potentially will go up to reach upper trend line or 0.86500 Resistant.

Ha-Lion

Here is a spread size from Oanda on important pairs.

Ha-Lion

On Daily, After multiple Dojis, it has made a Bearish Engulfing follow by second Bearish candle poised to go down. On lower time frame, you can see that consolidation and correction is over and Bearish move is continuing.

Ha-Lion

There is a Cup & Handle formed in this pair which is visible on Daily and 1H chart nicely. The handle which is a Falling Wedge is in formation. Watch it and trade it responsibly and based on your risk management.

Ha-Lion

On Daily, it's hitting the bottom trendline which was rejected time after time. On hourly, it made a triangle which most of the time is continuation formation.

Ha-Lion

This pair overall is Bullish. In the lower time frame, you can see that it's retracing back down to the trend line. Get ready if your set up tell you enter. My target price is around 1.34770 or so.

Ha-Lion

On Daily, It hit the trendline and it's Bearish overall. On Hourly, It made a double top and it's poised to go Bearish.

Ha-Lion

On Daily, it made a Head & Shoulders and 1-hour made similar heads & shoulder. If you check AUD Index (AXY), you will notice that it made a Head & Shoulders.

Ha-Lion

On Daily, It made a nice Head & Shoulders. Also, it made a Evening Star candle formation. On 1H, it shows retracement to get ready and go Bearish.

Ha-Lion

Price action shows that it has retraced to consolidate and bounce back to Bearish move. the resistance that is holding is 1.26140.

Ha-Lion

I start sharing my Weekly Index analysis for all major indexes. This will help FX traders to have a better understanding on the direction of future trades. Obviously, this is not THE ONLY way. But it should help improving our trading. PLEASE DROP YOUR COMMENT & HELP ME TO IMPROVE THIS WEEKLY POSTING.

Ha-Lion

Daily, you can notice a Head & Shoulders formation with Bearish break out. H1 broke the retracement and getting ready to break out to Bearish

Ha-Lion

On Daily, it made engulfing candle to continue Bearish move. On hourly it made a double top and going Bearish. Also, you can notice a head & Shoulders on zoom out as well.

Ha-Lion

What do you think about this pair. Bullish or Bearish? please respond with reason. Thank you,

Ha-Lion

This pair on Daily chart, created a Shooting Star reversal Bearish formation. On the Hourly chart, you can notice a Heads & Shoulders formation followed by consolidation / correction to go Bearish.

Ha-Lion

On Daily, it has made two Dojis in the form of Hammer Reversal candle formation. On 1-H chart, the triangle formation which is continuation is formed and will break to Bullish move to the previous Higher High around 2.09650.