fxtraderkristina

fxtraderkristina

👩🏽‍💻Technical: Strong bearish bias on the monthly chart. Looking at the weekly chart, the price has been facing significant resistance due to multiple rejections of the weekly moving average of 50. On the daily chart, the current formation of a bearish engulfing candlestick is suggesting a potential price drop and a break below the daily moving average of 20 would...

fxtraderkristina

👩🏽‍💻Technical: The monthly chart is showing a clear bearish bias in the market. However, on the weekly chart, the price is still struggling to break the MA 20, which is indicating some buying pressure. Moving on to the daily timeframe, the price has recently pushed aggressively towards the downside and has formed a strong bearish engulfing candlestick. The next...

fxtraderkristina

👩🏽‍💻Technical: Over the past three months, the price of USD/CHF has been on a decline due to a weaker US dollar caused by lower inflation and expectations of lower interest rates. However, it appears that the price has found a strong bullish momentum from the 0.91155 level. The price is currently developing a bullish hammer on the weekly TF, which indicates a...

fxtraderkristina

Howdy everyone. NZDCAD is currently showing signs of bearish momentum, with a clear downward trajectory as it aims to develop a new low on the daily time frame. The 4-hour moving averages are currently positioned above the price action, further reinforcing the bearish sentiment. In addition, a 4-hour bearish engulfing closure has recently occurred, providing...

fxtraderkristina

👩🏽‍💻Technical: Monthly & weekly time frames are suggesting strong bearish power in the market based on the recent moving average of 20 crosses on the weekly. On the daily, I have marked a strong support zone that has not been broken yet, along with a moving average of 100. 🎯 For an ideal entry: I would aim to wait for the price action to break 4-hour support,...

fxtraderkristina

Hi everyone .Looking at the monthly time frame, it seems that the price is currently rejecting a strong support zone, while on the 12-hour time frame, there is a bullish engulfing formation that may cause a break of the MA 20/50. Similarly, on the 4-hour time frame, there is a strong bullish pressure as the bullish engulfing candlestick has broken and closed above...

fxtraderkristina

Hi everyone, We have recently crossed below MA 20 on the weekly time frame, which is usually indicative of a bearish influence, and we are currently moving towards the downside below MA's on the monthly TF. A recently formed daily bearish engulfing candlestick closure and the price has made a new 1-hour low. On the 4-hour time frame, there is a possibility of a...

fxtraderkristina

Hi everyone, The pair has been strongly trending down on the higher time frames, suggesting continued weakness for the USD against the CHF. The price broke below all the MAs on the 4-hour as well as on the 1-hour time frame. We can potentially see further bearish momentum, maybe to potentially re-test the previous daily bottom.

fxtraderkristina

Based on the overall analysis, CADCHF shows a strong bearish momentum in the market; on the daily time frame, it seems that CAD is pushing to break MA 50, and on the 4-hour, we have a recent closure of a bearish engulfing crossing all the MAs. I believe this setup has a strong potential to drop to the first area of sensitivity, which is the previous 4-hour bottom;...

fxtraderkristina

Hii everyone 🙂 EURO does suggest incoming buying power on the higher time frames as the weekly price action passed above MA's of 20/50 and 100 which is a great sign already. We have crossed MA 200 on the 4-hour and we also have a bullish engulfing candlestick closure bouncing of MA 20 to confirm our entry. Both currencies are being bought by the hedge funds....

fxtraderkristina

Hi everyone :) On the monthly chart, it appears that we may experience a minor correction before re-testing the MA 20. Meanwhile, the weekly MA 50 is just 50 pips away and price action is trending above the MA 20. On the daily chart, the price action has surged above all moving averages and a bullish engulfing candle pattern on the 4-hour chart confirms our entry...

fxtraderkristina

Hi everyone and Happy Friday! The GBPAUD is trending towards the downside on the main higher time frames. The weekly chart is attempting to develop a bearish engulfing candlestick pattern and is aiming to break below the 20 and 50 moving averages. This bearish scenario is also visible on the daily chart. The 4-hour chart is providing further confirmation of a...

fxtraderkristina

Hi everyone 🙂 The trend appears to be upward on both the 1-hour and 4-hour timeframes. The daily chart has broken above moving averages of 20, 50, and 100, and we are currently around 60 pips away from daily resistance, with the weekly chart showing movement between the 20 and 50 moving averages. The 4-hour chart also shows a clear pattern of a push followed by...

fxtraderkristina

On the weekly chart, the moving averages have been crossed to the upside, and the daily is also moving bullishly. The 4-hour chart reflects bullish movement with a bullish engulfing candlestick closure to confirm our entry. There is strong support near the 1.0690 level, which is also covered by our stop loss. We have an obstacle, which is a 1-hour resistance zone,...

fxtraderkristina

Hi everyone :) Higher time frames suggest bullishness in the market, as the weekly price movement is above the most important moving averages of 20/50/200. The trade has the potential to move around 40 pips before it has to face the daily resistance zone. On the 4-hour, we are currently attempting to form a bullish engulfing candlestick, which indicates that the...

fxtraderkristina

The higher time frames are looking extremely bearish based on the price action movement and that the both MA's are trending above it. On the daily time frame, we can see a nice rejection of the MA 20 suggesting strong bearish momentum with a consecutive three bearish candlesticks. The 4-hour bearish engulfing candlestick closure breaking and bouncing MA 20/50...

fxtraderkristina

CADCHF looks strong to double it down, still looking bearish on all the time frames, and the moving averages of 20/50/200 are trending above it. A strong bearish engulfing candlestick closure bouncing off of MA 20 and making a new 4-hour low suggests selling pressure for CAD, which is also being heavily sold off by hedge funds. 

fxtraderkristina

hi everyone :) & have a wonderful Tuesday! Higher time frames are trending down, the weekly has crossed MA 200, which is a strong higher time frame confirmation indicating AUD weakness against NZD, 1-hour bearish engulfing candlestick closure breaking past MA 20 and 50 does confirm strong selling power. The trade has the potential to re-test the previous bottom;...