CHFJPY is in extended consilidation phase since March 27 and keep bouncing off of resistence and touching support at clear levels.
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After the relative and small increase, the euro came under selling pressure, and according to the sentimental conditions of the dollar and the euro, it is possible that the euro will hit the target of 1.08400 in the next 2 days.
Considering the selling pressure for the euro and the reductions on Thursday, there is a possibility of hitting 3 targets for the euro in the sell position, only falling and matching the previous fall cannot be a good reason to increase the price again.
We are at the top of the range with a wick to the upside. The buyers steam has run out and this looks like a good opportunity for a sell.
EU has been on a low resistance liquidity run since bouncing off the resistance(TR) at 1.08900 due to the fundamentals released this week. On the monthly view, the chart is in a downtrend and has broken the trendline support at 1.10000 and also the neckline at 1.06 but has since retested the trendline and is now ready for a further downside. On the daily...
The British economy, like Europe, is waiting for collapse and weakening, and the time has come for the dollar to dominate again. This currency has taken a downward guard and by hitting the key and important red resistance area, the energy needed to launch the price to the 1.18 area with the first scenario and to reach the 1.036 area with the second scenario.
weakness in the euro market is on the support expecting the short entry, Volume for the buyers are good and shows good momentum for the upcoming digestion a good entry for the short can get the market bearish
.After RSI divergence market break its structure .Already make new LLs .Enter when make LH .Exit when make new LL.
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audusd is overall bearish as we have respected the third touch of the trendline and broke out of the range,head and shoulder pattern, equal high we would be selling back down to 0.63000 as our first level target but once we get a pullback we go selling
Newbie - Bias direction is short Monthly, Weekly and Daily confluence, price bounced at Fib 38.2, possible Head & shouders, TP 1.4771 just before @ 1.4750 at Large Quarter Point. This is my analysis ONLY, looking for Traders to confirm my analysis......
Today, I am going to blab a lot - just do not take any of it seriously. Let it be processed by your own brain + common sense. This time, the chart will be empty. There is nothing to show as you would be familiar with it already. As you can 'see', thing are moving along as ANTICIPATED, with price reacting to the 'D's. What you 'see' can only be seen if you abandon...
eurusd has finally broken out of the range and neckline of the head and shoulder pattern now in order for us to sell we would need to wait for a pullback before we sell back to 1.05000 in order for this not to be a fakeout
Hi folks today I'm prepared for you Gold analytics. A few moments ago price reached the resistance zone, which coincided with resistance 2, but soon price turned around and in a short time declined to resistance 1, thereby exiting from the 1.0850 - 1.0870 resistance area and starting to trades inside from consolidation. In range, the price at once rebounded from...
British pound is setting a down trend trajectory mainly due to global uncertainty,,,
Hi traders, Last week EU did exactly what I've said in my outlook. I made a retest into the weekly FVG and from there it dropped to break the swing low.It was a great week for profits! For next week we could see some more downside into the daily FVG but after that I expect a bigger correction up. Trade idea: Trade intraday sells after a correction and a change...