Hello Traders In the weekly timeframe, an ascending channel is observed, showing a good reaction at its upper boundary. We are waiting for a price pullback to the next resistance level. In the daily chart, an ascending trendline has been broken, with two returns to the breakdown area around 2600.700, indicating the strength of sellers. The price returning to...
Hello Traders, A weekly close above 159.00 strengthens the bullish outlook for the next 3 to 4 months. Conversely, a break and close below 154.50 on the daily timeframe suggests a possible decline towards 148.00. Currently, we anticipate a rebound from the 156.77-156.40 zone. However, a solid close below 156.40 and a break of the ascending channel would...
Hello Dear Traders, Take a look at the weekly chart; a clear bullish channel is evident here. We tend to long the pair in this situation, given that we are around the bottom of the bullish channel. However, I don't trade based on the weekly channel. On the daily chart, we see a bearish trend line and a gap towards the bottom of the channel. Breaking above the...
Hello Traders, First take a look at Daily chart. www.tradingview.com The long-term bullish channel of the Euro has broken. After the USA election, another, less reliable, bearish channel has formed and is valid. I predict a reversal to the zone, which coincides with a strong bearish move and a significant broken level. Regards, Ali
Hello Traders, The Trump presidency may bring three significant changes to the financial world: We might see an end to the Russia-Ukraine war. We might see more support for Israel against Iran. We might see increased tariffs on US imports. All three changes could affect the pair in both directions, making them a double-edged sword for USDCAD. Trump previously...
Regarding the Consumer Price Index (CPI) of Euro, we should expect a bearish move. However, since the difference between the predicted and actual was negligible, I expect more BULLISH move. Take profit at levels and consider the potential bearish move from the zone.
Federal Open Market Committee members could affect all markets including oil, stocks, Gold, Crypto and Forex Surely! In case of any better than predicted Core Retail Sales, FOMC may avoid decreasing interest rate and thus the AUDUSD may fall. ATTENTION: Strong fluctuations after the news release might occur.
Hello Traders, Due to longer term Bearish Trend in the pair I'm more with the Red Path, However, we have to follow the market! Any Breaks below the channel and 1.0500, may head the price to 1.0468. Any Breaks over the zone, could make us see the 1.0577. We should close our trader before Retail Sales release on Tuesday.
Retail Sales, FOMC rate Decision, US GDP and initial jobless claims are the most important news of this week! Very wired week!! LOL/ Any Breaks over the redzone means more chance for USDCHF to reach 0.9100 around top iof the green channel. Take care of yourself and hard-earned capital.
Hello Traders, Regarding the Daily chart, we are bearish. and recently break below consolidation. Regarding the 2h Chart we are bearish and overbought! because we are in top half a bearish channel Regarding the 5m chart, Formation of a double top or head and shoulder is clear, you can use any other confirmation type or enter right now Tps and SLs...
Hello Traders, We are around a volume POC and we might see some problem at going further. Scalpers could take short trades with LTF Confirmations, Intraday (week) Traders could take long trades after breaking the white line regarding the 2h chart. Longer-term traders could wait for break out of the zone confirmed by 4h chart. Remember that Trump...
I’ve identified a bullish triangle forming on GBPUSD. The price is consolidating, and a breakout on either side could signal a strong move.
Hello Traders, After breaking below the blue-trend-lines in 2h chart, I'll enter a short trade in retracement to the break. TPs are clear in the chart. Any breaks over the consolidation are a sign of bullish move. Today CPI new could fluctuate market and create false signls
Hello Traders, There are 2 possible short trades are here! 1st: On top of the short-term channel 2nd: After break of the channel There is a possible bullish scenarios after breaking over the zone. I'll post about it if happen.
Hello Traders, I'll short the pair after a confirmation, I'm more eager to short around top of the short-term channel. This is the daily chart, A clear bearish channel is obvious. We have perfectly reacted to the top of this channel. And this is 2h chart. A bullish channel formed and is broken now! We even observed a reversal and we are waiting for more...
Dear Traders, On the one hand, Levels of tensions in Hamas-Israel conflicts has decreased. So oil markets started to be more secure thus the CAD had has problems to grow. At the same time, UK witnessed signs of grow for GBP! GBP surged and we are around top of a long-term channel and around a relatively strong level. On the other hand, we are seeing great...
Overall view is bearish but we are observing great presence of buyers. A gap between expected reaction zone and the real one is a great sign. Only short-term trading with small TPs are suggested. short from upper zone and long from lower, both with LTF confirmation and with small profits.
Regarding the daily chart we could see a triangle, We need to wait for a breakout for long-term trades, but we as shorter term traders could make profit in inner pattern moves. We are around an obviously strong zone Just wait for confirmations and then enter! Remember about tomorrow unemployment news of USA and Canada could change the market direction