The market's correlation with EUR is evident, and FX:NZDUSD is currently testing a key resistance zone on the weekly timeframe. The momentum has stalled in this area, with candles displaying a contraction. This zone has been tested multiple times in the past, each time resulting in a lower price action. Given the market's overextended state, I expect a pullback...
EURUSD is has made a bearish divergence on 1 hourly chart. This could be the potential reversal zone. So I will be waiting for new Lower Lowes and Lower Highs for confirmation of the trend. And I will keep on looking for some good and strong and safe entries. Thanks
Hey Traders ! On Tuesday 16 April, The NZDUSD Reached a Support Level (0.58774 - 0.58590). Yesterday, The Price Broke The Resistance Level (0.60830 - 0.60598). The Resistance Line is Also Broken. So, I Expect a Bullish Move 📈. ---------------- TARGET: 0.61750🎯
Clear signs is showing that GBPJPY has been breaking its main resistance from 196.881 and we can see that a reversal is on its way. I have placed TP, SL, and Entry on screen. Please follow for more updates and signals with breakdowns! Please message me directly if you have any inquires about these trades.
FX:USDCAD is declining on the back of a weak dollar index and breaking the support of the descending triangle, which generally allows bears to dominate the market. The price may go down to 0.355 The uptrend is not broken, a correction is forming after a retest of resistance. A descending triangle is forming on the chart as the dollar index is starting to show...
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📉 Trade Idea: Bearish Continuation on NZD Pair 📉 Overview: This analysis focuses on a potential bearish continuation pattern for an NZD currency pair on the daily timeframe. 📅 Recent price action suggests further downside movement, and this trade idea aims to capitalize on that potential. 📉 🔍 Analysis Details: 1. Current Price Action: - The price has...
Looking for a sell opportunity in EU. Reason to sell: 1. breakdown and retest the uptrend in many times in 5 minute chart. Use proper risk management. Thank you
We plan to enter a long position on AUD/USD at 0.665, aligning with the 50% Fibonacci retracement level and a previous high, which serves as a robust support zone. As the corrective sequence progresses, entering at this level offers an optimal risk/reward ratio. The bespoke support at 0.665 strengthens our conviction for this trade. Our immediate resistance...
The audusd pair breaks the resistance level at 0.66500 and closes the candle above this level. Now the market is testing again this level to give a big move to the upside level. There is also another strong resistance level at 0.68500. the market breaks this resistance and then turns into support, and if the market holds this support level of 0.66500 then we see...
This is what I am looking at right now with AUDUSD. We are at an upward trend right now. My target will be around 0.685 as a Daily Supply Level. Once price has reached that point I will look at a SHORT opportunity within the Daily timeframe. I will be taking a short around 0.685 because there are strong previous Daily supply zones.
The US Dollar Is Weakening Following Inflation Data Yesterday saw the release of key economic indicators for the US. According to ForexFactory: → Core Price Index (CPI) monthly: actual = 0.3%, expected = 0.4%, previous = 0.4%; → Core Price Index (CPI) annual: actual = 3.4%, expected = 3.4%, previous = 3.5%; → Retail Sales monthly: actual = 0.0%, expected =...
My dear friends, My technical analysis for NZDUSD is below: The market is trading on 0.6115 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.6042 Recommended Stop Loss - 0.6164 About Used Indicators: A pivot point is a technical analysis indicator, or calculations,...
📉 Bearish Reversal Setup on USD Pair: Trade Idea and Analysis 📉 Overview: This analysis focuses on a potential bearish reversal pattern for a USD currency pair on the shorter timeframe. ⏳ Recent price action suggests a downward movement, and this trade idea aims to capitalize on that potential. 📉 🔍 Analysis Details: 1. Current Price Action: - The price is...
📈 Bullish Breakout Setup on CAD Pair: Trade Idea and Analysis 📈 Overview: This analysis focuses on a potential bullish breakout pattern for a CAD currency pair on the daily timeframe. 📅 Recent price action suggests an upcoming upward movement, and this trade idea aims to take advantage of that potential. 📈 🔍 Analysis Details: 1. Current Price Action: - The...
AUDCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 38% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any