EUR/GBP Signal - EUR ECB Speech - 25 Aug 2021EURGBP is trending to the downside at the moment prior to European Central Bank Speeches later today. Technically the pair has broken the bullish structure, and both the RSI and price action point to further downside. We are looking for continued downside into the 0.8505 level.
Forexsignalservice
USD/CAD Signal - USD 5 Year Note Auction - 25 Aug 2021USDCAD has made a pullback from recent highs prior to the USD 5 Year Note Auction, which reveals the yields on the government backed security. Technically the pair has pulled back into the trendline and the moving averages, which are currently in a bullish cross, and the key pivot level. We anticipate a rebound back up into the 1.2770 level.
GBPJPY Long AnalysisAfter the close of the daily candlestick, the market closed bullish. We are going with the trend to our level @ 151.515. At the moment we expect a push/break above 150.670 for a buystop.
A better view on the hourly
The daily bullish belt.
Remember, the market follows the path of least resistance.
GBPUSD Entries + ExitsHow To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated!
USD/CHF Signal - USD 2 Year Note Auction - 24 Aug 2021USDCHF is trading to the upside today following yesterdays sell off. The USD 2 Year Note Auction is scheduled for later today, and reveals the yield on the note. Technically the pair is holding above the 0.9122 level and we anticipate continued upside into the 0.9180 level.
GBP/JPY Signal - JPY Leading Economic Index - 24 Aug 2021GBPJPY is trending to the downside prior to the JPY Leading Economic Index data which is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. Technically the pair has pulled back into the moving averages, which are in a bearish cross. The RSI has also generated a sell signal, and we anticipate continued downside into the 149.30 level.
GBPJPY Long AnalysisIt's a new week i hope you are pumped for the trading weekend. On the opening of the market, we can see a possible high forming on the hourly and breaking the high @ 149.761. If the market can close above 149.761, we should expect a bullish run or push up to 151.010.
Meanwhile, on the H4, price seem to be respecting our support line @ 149.471. On that note. we'll be expecting a bullish push which will be forming a bearish retracement @ 151.010
...
The weekly seem to be telling a different story meaning, we should be expecting a deeper retracement to 151.874.
...
We'll settle on the Daily timeframe, which is the retracemet to the neckline of the Double top that was formed.
...
Do your proper analysis before taking a trade.
EUR/CHF Signal - CHF Trade Balance - 19 Aug 2021EURCHF has bounced from the daily trendline prior to the CHF Trade Balance data, which shows the balance between Switzerland's Imports and exports. Technically the pair has broken the bearish structure after a bounce from the higher time frame trendline, and we anticipate continued upside into the 1.0791 level.
AUD/USD Signal - USD Retail Sales Data - 17 Aug 2021AUDUSD is at support today prior to the USD Retail Sales Data, which measures the total receipts for retail stores domestically. Technically the pair is in a descending wedge pattern which typically is a bullish indication, and the RSI is also indicating upside. We anticipate upside into the 0.7360 level.
USD/CHF Signal - USD Retail Sales - 17 Aug 2021USDCHF is trading to the downside today prior to the USD Retail Sales data, which records the total receipts for retail stores domestically. JP Morgan has stated they expect the data to be disappointing from the -0.2% consensus, which will be USD bearish. Technically the pair has broken the ascending trendline and we anticipate downside into the 0.9080 level.
AUD/USD Signal - USD 3 Month Bill Auction - 15 Aug 2021AUDUSD is bouncing from the support prior to the USD 3 Month bill auction, which reveals the yield on the bill. Technically the pair is at structure support as well as trendline support, and the RSI is showing bullish signs. We anticipate continued upside into the 0.7380 level.
EUR/JPY Signal - EUR Trade Balance - 13 Aug 2021EURJPY is correcting in a bear market prior to the EUR Trade balance data, which records the total imports and exports for the Eurozone. Technically the pair is in a corrective wedge after a bearish impulse, and we anticipate continued downside now as the wedge is breaking. The RSI is showing bearish momentum and we anticipate downside into the 129.05 level.
USD/JPY Signal - USD CPI - 11 Aug 2021USDJPY is trading in a rising wedge pattern prior to the USD CPI data, which measures the change in price of a representative basket of goods and services and is used to measure inflation, which has been a growing concern to the US economy. Technically the pair is in a rising wedge pattern (bearish) and has approached resistance. The RSI has also generated sell signals, and we anticipate downside into 110.150.
USD/CHF Signal - USD 3 Year Note Auction - 10 Aug 2021USDCHF has traded into resistance prior to the USD 3 Year note Auction, which reveals the yield on the bill. Technically the pair is at resistance, and the RSI is showing strong overbought levels as well as bearish divergence. We anticipate downside into the 0.9140 level.
SPX Entries + ExitsHow To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 30 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
UK100 Entries + Exits!Okay okay! UK100 chart last week broke all TP's straight through, only 3 TP's for it this week let's see if it can still maintain it's weekly juice.
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 30 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.