Time Frame: MONTHLY Possible Trade: SELL Quick Technical Analysis: Possible strong Bearish Reversal coming up? GBPUSD seems to be in a significant Area of Resistance compared to price levels of March 2018. The Area of Support from 2009-2016 has now transformed into an Area of Resistance which, if respected, could signal a possible Bearish Reversal. GBPUSD has...
FXCM's USDOLLAR index is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increase the chance of a successful trade. Trend following indicators may be useful in this case as a...
Similar idea to yesterday.. the price is still in the daily range, looking to play it up to the mid/high end of the range.. I am considering that there is high impact news today for both the Pound and Dollar which will most likely bring volume to the market. Will try to extend this into an intraday position.
🏛 USD_CNH broke out of the falling channel And also broke the horizontal key level Which now serves as the support confluence And is being retested by the pair I am bullish now, and I think that after the retest The pair will go up to retest the next horizontal resistance level LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! AUD-NZD hit the strong horizontal resistance And is now coiling below the level While trading above the rising support line We are bearish biased and therefore, we are waiting for the breakout IF it happens, we will go short on pullback With the first target being the local support below! Sell! Like, comment and subscribe to boost your...
Trading Signal ENTRY: 8.8-8.5-8.0 Tp: 9.1 Tp: 9.5 Tp: 10.0 Tp: 12. SL: No need Mid term trade
Government crypto's and bank currencies are the future. Probably will be defi.
Fundamental bias: Bearish 1. Developments surrounding the global risk outlook. As a safe-haven currency, the market's risk outlook is the primary driver of CHF. Swiss economic data rarely proves market moving; and although SNB intervention can have a substantial impact on CHF, its impact tends to be relatively short-lived. Additionally, the SNB are unlikely...
Fundamental bias: Weak bullish 1. Developments surrounding the global risk outlook. As a high-beta currency, AUD has benefited from the market's improving risk outlook over recent months as participants moved out of safe-havens and into riskier, higher-yielding assets. Also, as a pro-cyclical currency, the AUD enjoyed upside alongside other cyclical assets...
Fundamental bias: Neutral 1. Developments surrounding the global risk outlook. As a safe-haven, demand for Dollars diminished from the middle of 2020 as the market’s attention shifted away from the pandemic and towards an expected global synchronized recovery and a reflation environment (both of which is usually Dollar negative). However, global economic...
1: Green w line The left wing of the bat 2: Orange The right wing of the bat You can see that the diagram is parallel to each other It looks like two identical sides are forming Ready to fly and form the upward trend I mentioned earlier I repeated it several times I say again We will climb again First to the resistance line 42 And then vertical...
Dollar index H4 ready to sell don't missed Trade setup
Traders, Dollar is stuck between 2 FCP (fibonacci Confluence Patterns Zones) and now even though it is looking bullish, it may fall down short term before the next rise. So what can dollar do? What is our trading plan on the USDOLLAR? Is dollar strength still dying? For all those question please watch previous analysis and then this one. That should form a good...
The Dollar index has done well to hold onto its critical support zone around the $89.50-$90 levels. We have seen some divergence as well which could be warning of a bigger move on the horizon. I would not be surprised to see the dollar make some headway from here .
🏛GBP_USD is trading in a rising channel And the pair is now retesting a support confluence Of the rising channel support and the horizontal support Which makes me bullish on the pair And I think we will see a move up Towards the falling resistance LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GBP-USD is trading between the horizontal support and resistance And was effectively ranging for the past two weeks Now, the pair is retesting the horizontal support again And though risky, a long trade seems appropriate With the target slightly below the falling resistance line Buy! Like, comment and subscribe to boost your trading! See...