EURUSD is trading inside a Descending Triangle with the 4H MA50 rejecting lately every bullish break out attempt and the 4H MA200 acting as Support. Natually the 4H technicals are neutral (RSI = 43.233, MACD = -0.001, ADX = 36.327) but so are those on 1D. Fundamentally the market is waiting for Friday's Nonfarm Payrolls before it makes a move but even technically,...
• Blurry technical picture for the Euro currency and the trend is turning into neutral • Bullish ascending trend line since October 2022 intact, supporting the price • We have a potential short term descending triangle, a bearish formation usually • If the sellers manage to break below the triangle, the pair might be facing a 150-200 pips move lower according to...
I know you Forex people are all experts so there is no need for much "talking"/writing. USDRUB goes above EMA50 weekly. Bullish wave confirmed. Potential targets are marked with a black dashed line on the chart. This rally should last 2-3 months more or less. Going below EMA50 invalidates most of the bullish momentum. Namaste.
2023.7.6 The upper space of U.S. Dollar Index is opening! The upward space of USD has opened up, silver is stronger than gold, and US crude oil is steadily rising! Hello, I'm Older Duan. Today is Thursday, July 6th 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,...
Hello Traders EUR/USD is ready for wave 5. 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 and do not include a financial recommendation. Trading is Risky, so before any...
Hello Traders the price is making an ending diagonal. 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 and do not include a financial recommendation. Trading is Risky, so...
AUDUSD - 24h expiry We are trading at oversold extremes. Posted a Bullish Hammer Bottom on the 1 hour chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected...
Yesterday EURUSD started EU session with rise, but failed to continue and is currently passing below the previous low. This doesn’t change the main direction we’re looking for and we will watch for pullback from the support zone. We are more likely to see further pressure towards 1.0778 today, with the NFP data coming tomorrow which may provide new entry opportunities.
– Previous Daily candle closed strong Bearish at 1915.100 forming Daily Resistance at 1925.900 as the Wednesday Daily candle rejects the 1935 area. – Buys on close above 1917.900 targeting 1h Resistance at 1923.300, Leaving Runners to the 4h Resistance formed at 1929.400. – Sells on close below 1911.900 targeting Daily Support formed at 1907.400, Leaving Runners...
Daily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade...
Multiple time frame analysis for USDJPY. Price action & key levels. Trading plan for FOMC explained. ❤️Please, support my work with like, thank you!❤️
Maintaining my shorts on this pair with validation coming from the 50EMA (turquoise) crossing the 100EMA (white) which forms a death cross in the 4hr time frame. GBPUSD has failed to make a new higher high and so I'm expecting a push down to the recent low, we may break this immediately, or retrace back to the descending trendline that's now formed. We're making...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09100 zone, EURUSD is in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.09100 resistance zone. Trade safe, Joe.
USD index should continue lower July-August. USDX should then reverse higher.
2023.7.5 Daily European Perspective USD is slowly strengthening, EURUSD is weak, and US crude oil bulls are weak! Hello, I'm Older Duan. Today is Wednesday, July 5th 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...
NZDUSD got rejected 2 weeks ago on the 0.618 Fibonacci level and as the price recovered, we find it again near the top of the long term Channel Down. With the 1D technicals going just over the neutral zone (RSI = 55.348, MACD = 0.001, ADX = 20.776), this is starting to be an optimal level to begin shorting. We are placing a first sell here, targeting the -0.236...
Update for USDCAD. After the test of a key horizontal resistance, on 4H, the price dropped and violated a support line of a rising wedge pattern. It will most likely trigger a further bearish continuation. Goals: 1.318 / 1.315 ❤️Please, support my work with like, thank you!❤️
Yesterday EURUSD continued its sideways movement and we are currently below 1.0900. We are watching for a reaction from these levels and a buying opportunity. The objective remains to continue the uptrend and target 1.1080. This provides an entry opportunity with a very good ratio on a pullback from current levels. A break above 1.1000 will confirm the upside.