Technically the pair is oversold and moving inside this triangle. touching the lower line will initiate the reversal , on the other hand DXY is over bought and as we know we buy the rumor and sell the news the Rumor is rate cut on June, so i think the coming week will be the selling of DXY and buying the other pairs against USD
Overview: In recent analysis, the CHFJPY pair has shown signs of potential upward momentum. However, while bullish sentiment may prevail, it's essential to exercise caution due to the possibility of retracements, or even deep retracements, along the way. Reasons for Upward Momentum: Safe-Haven Dynamics: The Swiss Franc (CHF) and Japanese Yen (JPY) are both...
Preferred direction: BUY Comment: Once again, we are considering the New Zealand dollar together with the Australian dollar , well, this is not surprising given their high correlation. Here, too, a recovery is expected in the medium term, but not everything is so simple, and still, before growth, there will most likely be updates to local lows. A more...
A Bearish trend recognized on EURJPY using technical analysis. The price made a prefeect heand and shoulder with divergence on RSI at 70 level making it a strong contender for a downtrend. My Trade plan would be: Sell Stop @ 163.422 Stop Loss @ 165.183 TP1: 161.594
Preferred direction: BUY Comment: We consider the Australian dollar in favor of a buyer within the medium term. It should be noted here that AUDUSD and NZDUSD will most likely update at least local minimums before growing. However, current prices are also great for "step by step" accumulating a buy-position. This trade is not designed for a big move...
The pair has a clear "false bear flag" which usually suggests we will correct upwards. I suspect seeing the oversold state, and also the false flag pattern, a move back towards 1.0825 is possible. Strategy BUY @ 1.0660-1.0700 and place SL below 1.0580 and profit order @ 1.0795
EURCAD can be stopped again from the old structure area Technical Analysis: From the previous analysis, EURCAD has failed to break 1.4765. This zone was tested several times in the past and the price then decreased. The price may decrease again from this area since we also have the ECB's rate decision on Thursday. It will be interesting to see how the market...
1.065 we have weekly support plus middle line of the channel plus diagonal line. We are going to have some support before going down to 1.05
How to Use the Best Klinger Oscillator In the ever-evolving world of trading, finding the right tools and indicators to stay ahead of the game is crucial. One such tool that has withstood the test of time and continues to be popular among traders in 2023 is the Klinger oscillator. In this article, we will discuss what the Klinger oscillator is, how it works, and...
Preferred direction: SELL Comment: The US dollar continues to strengthen before the weekend, but there is a high probability of a downward correction beginning, and this concerns all major currency pairs. The Canadian dollar has one of the most interesting buying setups against the US dollar . The price is trading slightly above trend resistance, and it...
Hey Traders, As EURJPY returns to financial crisis levels, its a good idea to plan future entries. Trading rallies can be tricky, if you are irrational. So trade rationally.
EUR USD PRICE will be FLY MODE ON TILL 1.08397 price take a LONG ENTRY as shown in the picture,nd follow nd like the content for more live updates @FOREX_TRADER_007
TAKE A SHORT ENTRY EURUSD, as shown in the chart its time to down fall till at 1.08205 price line marked, follow for more live updates @forex_trader_007
On Friday morning in the Asian session, GBP/USD remained low around 1.2550. Expectations that the Bank of England might cut rates before the U.S. Federal Reserve are weighing down on the British Pound and the currency pair. Indicators are trending downward, and a bearish crossover between the EMA 34 and 89 is adding pressure to the pair. UK Industrial Production...
EUR USD PRICE will be DOWN FALL TILL 1.08040 price line as shown in the picture, follow for live updates @FOREX_TRADER_007
Hey folks, so here’s the scoop on EUR/USD: This Friday in the early Asian trading session, the pair was trending down, hovering around 1.0728. There's a bit of a modest recovery happening with the U.S. dollar (USD), especially with all the chatter about the Fed potentially cutting rates in September, and that's really putting some pressure on this major currency...
EUR USD FLIGHT MODE ON TILL 1.07901 take A LONG ENTRY, as shown in the picture, going to break past friday and mondays high level zones, follow for more live updates @FOREX_TRADER_007