fxtraderkristina

fxtraderkristina

Hello traders, and happy Monday! :) This setup shows great potential to gain bullish momentum, as the overall higher-time trend is bullish. Currently, it sits on monthly support, and on a weekly basis, the price hasn't broken through the moving averages. Additionally, the average volatility, based on the 7-day and 30-day periods, is overextended, suggesting a...

fxtraderkristina

The AUD/USD pair has shown bullish momentum by breaking out of its previous range and establishing a new high. This breakout indicates strength in the upward trend. After setting this new high, the price action has entered a consolidation phase, now ranging between the new daily high and the monthly pivot point. This consolidation is a common pattern following a...

fxtraderkristina

• CADJPY has shown significant movements lately, especially noted after it fell sharply below the key level of 107.500. This drop was mainly due to market speculation about the BoJ possibly raising interest rates next year. • On a more detailed look using a 4-hour chart, the currency pair managed to briefly rise above the resistance level, reaching 108.000 but...

fxtraderkristina

Hello, Traders! This pair, in my opinion, has a decent probability of re-testing the previous downtrend, which is around 40-50 pips to the upside; if we manage to break it, it should continue to the previous area of resistance. Two moving averages are covering our stop loss, so if it pulls back, the 168.52 and 168.72 levels, or the area between them, are key to...

fxtraderkristina

Hello everyone!!! 😄🌟 The FX:GBPAUD pair is exhibiting a bullish trend, particularly evident in the daily chart, where it shows significant rejection of the multiple moving averages, indicating a likelihood of continuation in the prevailing trend. Additionally, the break of the monthly pivot point at 1.91449 significantly reinforces our bullish stance. The...

fxtraderkristina

Good day everyone:) I have been monitoring this setup for quite some time, and now it's a good opportunity to sell due to the following reasons: • The price action on the daily was rejected at the 1.91000 level. • On the 4-hour chart, there was a symmetrical triangle pattern that was broken towards the downside, with a push - exhaustion cycle completion. •...

fxtraderkristina

Next week could present an excellent buying opportunity, as the currency pair is nearing its best weekly finish since August. The presence of a long lower shadow over the last four hours suggests a growing bullish sentiment, rejecting of the 20-period moving average. At the moment the price is in a tug-of-war between buyers and sellers, with neither side gaining a...

fxtraderkristina

I believe this trade has the potential to retest the previous resistance, which is approximately 30-40 pips distant. Should it succeed in breaking through, it is likely to maintain its upward trajectory. The presence of a strong 4-hour lower shadow indicates that buyers remain active in the market. Additionally, the overarching market trend is bullish. The Euro is...

fxtraderkristina

The overall trend for EURAUD is bullish, with a strong weekly candlestick rejection of the moving average of 20, while on the daily, price action add up to a bullish momentum by currently forming a bullish engulfing, and a break of MA 20 would strengthen the bullish bias. Now, on a shorter time frame, we might expect a small pullback towards the area of support,...

fxtraderkristina

Hi everyone! 👋🏼 Despite the recent significant shift in sentiment, this trade continues to exhibit robust bullish momentum, clearly reflected in its overall trend. Furthermore, the price has convincingly breached the daily pivot point of 167.815, resulting in a pronounced long lower shadow. This occurrence signals an uptick in buying pressure, which has crossed...

fxtraderkristina

👩🏽‍💻 Technical: The higher time frame bias indicates a clear downtrend. Currently, the 4-hour chart is forming a descending triangle pattern. However, the pattern's lower trend line hasn't been broken yet, a key point as a break may signal a continuation of the downtrend. 🎯 For an ideal entry: To confirm further bearish pressure, watch for the price to break...

fxtraderkristina

👩🏽‍💻 Technical overview: AUD/USD has had difficulty surpassing several Moving Averages on higher timeframes. The daily support level was recently breached. Furthermore, the last daily candlestick showed a long upper wick, often indicating intense selling pressure. The 0.65 level is significant as this level might allow for a double bottom pattern to form on the...

fxtraderkristina

👩🏽‍💻Technical: NZDUSD is currently undergoing a pullback as it experienced a recent rejection at the 0.60605 level. The presence of multiple rejections at the monthly and weekly moving averages signals significant bearish pressure in the market. Furthermore, the breach of higher time frame support has now transformed it into a resistance level, further...

fxtraderkristina

👩🏽‍💻 Technical: The USD/CAD pair has shown some intense selling pressure recently, hitting new daily lows. Yet, it keeps bouncing off the 1.3140 level on the 1-hour and 4-hour charts. This stubborn support is a clear sign of a tight competition between buyers and sellers. 🎯 For an ideal entry: For those who prefer safe plays, patience is key. Hold off any action...

fxtraderkristina

Hi everyone!:) - Looking at the weekly charts, there's a strong upward trend that's also showing on the daily charts. This tells us the overall trend is quite bullish. - If we look at the 4-hour charts, there's a good break above a key monthly pivot point level at 0.67768. - On the 1-hour charts, we see a bullish engulfing candlestick closure, which also...

fxtraderkristina

👩🏽‍💻Technical: The USD/CHF pair has been struggling to hold its ground above the 100-day moving average at 0.91155. Sellers pushed the price below 0.90690 and multiple MAs on the 4-hour chart. 🎯 For an ideal entry: I'd suggest keeping an eye on the key levels of 0.90255 and a break of a 4-hour moving average. A clean break below these levels could kick off a...

fxtraderkristina

👩🏽‍💻Technical: Taking a look at the EURO, it's shown some weakness recently, unable to break the 0.88650 level despite several attempts. With daily support now broken, and a completed push > exhaustion cycle that also includes a rejection of the MA 200. 🎯 For an ideal entry: The price is currently within the channel. You could consider entering now, targeting a...

fxtraderkristina

👩🏽‍💻Technical: The EURUSD has been showcasing steady but strong bullish control, based on the daily rising channel, and is currently attempting to break the 4-hour resistance into a new high. 🎯 For an ideal entry: Because the price remains trapped in the channel and has a resistance to break, I would strongly advise waiting for the price to break above and...