There is some Bearish Divergence visible on the Daily as the AUD comes out of the overbought zone for the second time. I think we could eventually see it come back down to the hard support floor at 62 cents.
From the looks of it, DXY will try to hold the 1.414 Butterfly PCZ and make its way up towards previous Resistance. I don't think DXY will Break the Resistance, but it does look like there is a good case to be made for DXY coming back up to challenge those levels.
The GBPUSD pair hit on Friday the top (Higher Highs trend-line) of the Channel Up pattern that started on the March 08 Low. At the same time it got rejected on the 1.3150 Resistance, which was the April 14 2022 High, while the 1D RSI got extremely overbought at 78.50. This calls for a short-term correction back to the 1D MA50 (blue trend-line) and the Channel's...
The USDJPY pair is below the 1D MA50 (blue trend-line) and almost hit the 1D MA200 (orange trend-line) on Friday, nearly making a Higher Low at the bottom of the 4-month Channel Up. As long as the 1D MA200 holds, we will take a low risk/ high reward buy towards Resistance and target 144.500. If the price closes below the 1D MA200, it would be a Channel Down...
2023.7.18 USD continues to weaken Hello, I'm Older Duan. Today is Tuesday, July 18th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the daily closing line of the U.S. Dollar Index...
Here is my latest structure analysis for AUDUSD. Resistance 1: 0.689 - 0.690 area Support 1: 0.669 - 0.672 area Support 2: 0.659 - 0.660 area Support 3: 0.646 - 0.651 area Consider these structures for pullback/breakout trading this week. ❤️Please, support my work with like, thank you!❤️
AUDUSD - 24h expiry 0.6900 has been pivotal. 0.6895 has been pivotal. 0.6900 continues to hold back the bulls. Preferred trade is to sell into rallies. We look for a temporary move higher. We look to Sell at 0.6889 (stop at 0.6921) Our profit targets will be 0.6809 and 0.6785 Resistance: 0.6837 / 0.6850 / 0.6890 Support: 0.6807 / 0.6787 / 0.6770 Risk...
-SL @ 1.3233 (2H) 🚫 SLO2 @ 1.3195 (2H) ⏳ — conservative SLO1 @ 1.3160 (2H) ⏳ — moderate TP @ 1.3125
RESISTANCE @ 1.3354 SLO @ 1.3340 ⏳ TP1 @ 1.3333 (closing ALL Buy Orders) BSO @ 1.3265 ⏳ (pending) SSO @ 1.3245 📉 (triggered) SUPPORT @ 1.31175
In today's trading session, we are closely observing the GBPUSD pair for a potential buying opportunity around the 1.3100 zone. A bull flag pattern has formed on the GBPUSD chart, indicating a temporary consolidation before a potential continuation of the upward trend. Once the breakout of the bull flag is confirmed, we will be attentive to any potential...
The rise in EURUSD continues and we are now very close to 1.1274. This is an important resistance level and we will watch how the price reacts when it is reached. There are no opportunities for new entries here this week. Today at 15:30 there is USD news that may have an impact! The resistance level along with the news is a good time to initiate a correction.
easy and fast .. with no explanation .. everything is on the chart .. 30 min OB .. price touch zone .. confirmation on lower times frames .. and then boom .. sl and tp on chart
– Previous Daily candle closed Doji Bearish at 1955.000 as price continues to range within the 4h timeframe. – Buys on close above 1962.900 targeting Weekly previous Support formed on 3rd April 2023 at 1969.200, Leaving Runners to the 4h previous Support formed on 2nd June 2023 at 1975.300. – Sells on close below 1948.700 targeting 1h previous Support formed on...
We outlined a bearish bias in a previous USD/CAD article which clearly did not play out, thanks to hawkish comments from Fed members, hawkish FOMC minutes and stronger economic data for the US. However, a strong Canadian employment report on Friday has now seen odds shift in favour of a 25bp BOC hike this week – and if that is to be coupled with a soft(er) than...
Hello Traders USD/CAD has sharp moves in the last few days. We assume its an upward correction, so we treat it carefully. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes...
EURUSD gave us last week a very successful buy signal (see chart below) after the 4H Double Bottom: Our long-term Target of 1.11350 has been hit and now we look at the next most efficient level to buy as this is an extension of the long-term Channel Up pattern to form the technical Higher High. As you can see on this chart, this bullish wave resembles those...
We have change of character and imbalance Too we have very strong supply