Hello dear traders! Overall, as Conan mentioned in the previous analysis EURUSD is mostly showing good growth prospects in all time frames, The main pair's price increase is supported by the softer Greenback. EU is currently trading around 1.08816, higher than 1.0875 on Monday in the early hours of trading in Asia and up 0.14% on the day as measured by...
Liquidity plays a vital role in shaping market prices, particularly among large market players such as banks, hedge funds, and other influential entities. These entities, often referred to as market makers, manipulators, and others, are driven by their pursuit of liquidity. In fact, liquidity is the foundation upon which successful trading is built, and it's where...
Pair Name : NZD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Reversal 95.500...
Conan hello everyone! Now, GBP/USD extends gains for the second straight session, trading around 1.2710 during Asian hours on Monday. A weaker US dollar supports the pair. Sterling may face a challenge as the BoE is expected to cut interest rates by 60 basis points in 2024. With the current uptrend remaining stable and the EMA 34.89 showing no signs of reversal,...
💹 Let's kick off our trading week by analyzing the popular EURCAD pair. 🔎 Higher Time Frames Analysis: In our daily and weekly time frames, we observe that EURCAD has been ranging between 1.42435 and 1.50374, which is logical given the current policies between the European Union and the Canadian government. 📊 Previous Analysis Recap: In our last month's...
Pair Name : EUR/CHF 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 0.98600...
Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal...
FX:USDCHF is forming a false breakdown of range support and uptrend, which opens the market to buy potential. CHF is weakening stronger than the dollar and this could support the uptrend. On D1, the price tested the MA-50 ascending average with a false breakdown, as well as a strong support area at 0.900. Liquidity capture and candlestick set-up form the price...
The price perfectly fulfilled my last idea. After breaking through the downward channel, the market is currently trading sideways. FX:EURUSD has closed above the key level of 1.08500, which is a significant milestone in its price action. By looking at the chart's left side, we can see that the market previously tested the support level, where the price rapidly...
The price perfectly fulfills my last idea. It has tanked and reached the target zone, and now the market is ranging after the new upward extension. FX:GBPCAD has broken through the resistance and is moving sideways just below the significant round number of 1.73000. I expect a classic breakout retest continuation scenario to play out. On the daily timeframe, the...
AUDUSD: Structure Analysis - LONG The price broke out from a strong structure zone rising in this way the chances for a bigger bullish move. The economic calendar is empty for today and it can spend some time in correction before the bullish move begins. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like...
AUDUSD Analysis & Key Levels for Next week 📊 🔹 Resistance Level's 1. Resistance 1 ( 067440-067270)🔴 Sell Zone 🔴. 2. Resistance 2 (0.67270-066980) 🔴. Strong resistance 🔴 🔹 Support levels: 1. Support 1 ( 0.06380-) : ,Buy Zone 2. 2. Support 2( 0.66210) :📈 Critical support 📈 3 support 3 (0.66040) ⚠️. Deep Support ⚠️ 👉 Trading strategies: *Pullback...
📈EURUSD Anylisis 🔍Currently EURUSD Finds itself at a crossroads caught between two vitel daily structures. Looking ahead to next week's potential moves here are two scen to watch: 1) Bullish outlook if the market breaks the trend line and seals the deal with a solid close above a hefty resistance line forming a Substantial falling wedge on the dialy chart it...
Hey Traders, in tomorrow's trading session we are monitoring EURUSD for a buying opportunity around 1.08100 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08100 support and resistance area. Trade safe, Joe.
USDJPY Update⚠️ Alert 🔍It seems like USDJPY is the move dancing with in channel recently busting out of a download trend! 🚀📈 As it nears the resistance zone the anticipation is palpable for a correction ⭐ but there the interesting part once this correction happens there a chance it might hit the midline of the channel 🎯⭐ That's like the rebound zone to the...
OANDA:AUDNZD In coming weeks, we can see NZD bouncing back strong, AUDNZD remained bullish, however after looking at the behaviour of how price moved, we expect bears to engulf the trend. Please use accurate risk management to be successful in the market. Like our work? Please like and comment our ideas which will encourage us to bring you more ideas. Team Setupsfx_
#USDJPY H1 Buy Setup BUY Only If H1 Bullish Closing Above 155.770 SL 154.75 TGT :156.56-157.11 its 1.3:1 RR.Other Everything Written On Chart .
FX:GBPUSD GBPUSD is far over from swing selling yet, our previous idea closed on breakeven, we now expect price to grow and grow big in soon time. However, we do not expect price to rise in days but in weeks or months we can see price to growing to newest higher high of the year. We ask all of you to maintain utmost risk management. **If you like our work...