AUD/USD Signal - USD Redbook Index - 20 Jul 2021AUDUSD is trending to the downside to start the week, prior to the USD Redbook Index, which is a sales weighted growth indicator. Technically the pair has broken key monthly levels, lies below the moving average ribbon, and a resistance trendline lies above. We are looking for continued downside to 0.7220.
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GBP/USD Signal - 19 Jul 2021GBPUSD is trending to the downside today to start the week on the backfoot. Last week the USD finished strongest of the major currencies, and we are seeing that continued today. Technically the pair has broken the ascending trendline, and is below the moving average ribbon. We anticipate continued downside.
NZD/USD Signal - USD 4 Week Bill Auction - 15 Jul 2021NZDUSD is trending to the upside currently prior to the USD 4 week bill auction, which reveals the yield on the bill. Technically the pair has broken the bearish structure, and is testing the moving average ribbon as support. We anticipate continued upside into the 0.7079.
USD/CHF Signal - USD 3 Month Bill Auction - 19 Jun 2021USDCHF is trending to the upside currently, and the trend has made a pullback prior to the USD 3 Month Bill auction. The Bill Auction reveals the yield for the bill, and interest rate yields on USA government debt are a key indicator for global markets. Technically the pair has pulled back towards support, and we anticipate continued upside with the data release.
USD/JPY Signal - USD Consumer Price Index - 13 Jul 2021USDJPY is at resistance now prior to the USD CPI data, which measures the change in prices across a representative basket of goods and services. The CPI data is a key economic indicator used to monitor inflation, and the Fed has lately expressed concerns around inflation. Technically the USDJPY has broken the ascending channel to the downside, and is now retesting the support trendline and zone as a resistance. Price is also at the fibonacci golden pocket resistance, and we anticipate downside into the 108.230 level.
EUR/GBP Signal - GBP ILO Unemployment Rate - 15 JulEURGBP is trading to resistance prior to the GBP Unemployment rate data, which measures the amount of the workforce unable to find employment domestically. Technically the pair has traded to a key resistance level, and is also at 200 hour moving average resistance. We anticipate downside from here into the 0.8497 level.
EUR/CHF Signal - CHF Foreign Currency Reserves - 7 Jul 2021EURCHF has found support today prior to the CHF Foreign Currency Reserves data, which shows the amount of foreign currency held in the SNB reserves. Technically the pair has found support and we anticipate upside as a mean reversion, into the 1.0955 level.
USD/CAD Signal - USD FOMC Minutes - 7 Jul 2021USDCAD has bounced out off resistance prior to the FOMC Minutes, which reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. Technically the pair has bounced out of resistance forming a double top, and the RSI has given a sell signal. We anticipate downside into the 1.2395 level.
EUR/JPY Signal - EUR Retail Sales Data - 6Jul 2021EURJPY is trending to the upside today prior to the EUR Retail sales data, which measures the total receipts for retail stores in the Eurozone. Technically the pair has bounced from the trendline and the RSI has turned bullish. We anticipate continued upside into the 132.25 level.
AUD/CHF Signal - AUD Private Sector Credit - 30 Jun 2021AUDCHF has bounced from a key monthly level prior to AUD Private Sector Credit data, which shows the amount of borrowing in the private sector. Technically the pair has bounced from a key monthly level, breaking a descending wedge pattern to the upside, and we now anticipate continued upside on the pair. The RSI has also issued a buy signal.
GBP/USD Signal - GBP Markit Construction PMI - 6 Jul 2021GBPUSD is trending to the upside prior to the GBP Markit Construction PMI data, which shows business conditions in the UK construction sector. Technically the pair has broken the descending trendline, and has turned bullish. We anticipate upside into the 1.38070 level.
USD/JPY Signal - JPY Coincident Index - 7 Jul 2021USDJPY is trending to the downside prior to the JPY Coincident Index data, which is a single summary statistic that tracks the current state of the Japanese economy. Technically the pair has broken an ascending trendline and is below the 1h moving averages, which are now in a bearish cross. The RSI is at bearish levels, and we anticipate continued downside into the 109.720 level.
EURUSD > Trendline > Ultimate Buy Setup > High Reward $$ Hello Traders,
Hope you all are enjoying the thrill of your trading journey.
I am presenting my analysis on EURUSD.
EURO is facing trendline support, and we will hope on this trade on a pullback and it can reach till the next support levels according to my technical analysis.
I will be booking profits on support levels and trail the stop loss to the previous support level.
Kindly do your own research and follow proper risk management.
Our analysis is valid until we see a breakout from the trendline.
Feel free to share your views in the comment section.
Best Regards,
Shaswat Naman
Technical Analyst - TradeThrill
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
USDCHF Quick Short, 2:1 R/RUSDCHF is trending to the downside, and we anticipate the movement to continue to recent lows. The CHF unemployment rate data is to be released within the hour, showing the number of people unemployed domestically. Technically the pair has broken trendline support and rejected upside, and we are looking for downside into the 0.8940 level.
NZDCAD long from hereMy advisor MarketMiracle generates a LONG input signal for the NZDCAD cross at a price of 0.87016 with a target of 0.89 for a profit of 1.73%.
The chart is compatible with the signal in fact the price is oscillating within a triangle and considering the marketSentiment that has passed from positive to negative and a constant upward pressure from large investors ( yellow wave ) You can expect a spill from the top resulting in retest of the previously touched levels.
The idea is also compatible with others that provide an appreciation of NZD and a depreciation of CAD
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
GBPUSDtaking into account the fact that USD is currently weak and that the pair still has momentum, it is still on the rise .... I think that GBPUSD can go up then we check to see if the price rejects.
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
NZDUSD Short prior to RBNZ inflation expectations!NZDUSD has traded into resistance today prior to the RBNZ Inflation Expectations information, which shows the Royal Bank of New Zealands outlook at future inflation rates. Technically the pair is at a support resistance structure zone, performing a retest of a broker trendline, and the PPO is giving bearish divergence. We anticipate downside into the 0.7163 level.
USDCAD 27 04 2021USDCAD 27 04 2021
As I said in my previous forecast, after a false breakout of a strong resistance line at 1.253, the price fell and returned to a downtrend. Let me remind you that it has been following this trend since April 2020 and the main trend line is the resistance line formed at the same time. The breakdown of the line was stopped by an additional resistance line in December 20202, the price reversed from point 1265 and returned to the trend. Now, I expect the price to fall as the first to the lower trend line - the March 2019 support line and touch it at the point 1.235. After that, a new growth will begin. Thus, my final target is the resistance line at 1.248.