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EURUSD > The Best Trading Plan!I hope you are feeling generous and loving today to give me a like and leave a comment it will support the creation of new free ideas for you. Analysis on #EURUSD the EURUSD has been consolidating for a while now a getting ready for its next move, I am watching the market to see: > if It Will Break Its Resistance Trendline Level Is Will Then Be Bullish and Only Look to Buy > if It Will Breaks Its Support Trendline I Will Then Be Bearish and Only Look to Sell Forever grateful for the time you spent here reading my analysis. Check today's analysis below⠀ >>“ luck is when preparation meets opportunity." _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
by TheTradersAvenue
4
$XAGUSD - Goes to $26Hi guys! 👋🏻 🔔 Silver continues its uptrend since September 30, 2021 when it hit the newly lows of the year. The uptrend is backed by the FED’s tapering plan which should start in November. Despite the positive US Jobless Claims, the US Dollar index remains under pressure below the 93.7 level. 🔔 The US Dollar index is still vulnerable below the 93.7 which is a crucial resistance. The DXY chart I was posting in my previous articles still seems to be valid and the USD might drop to 92.5 - 92.4 levels to complete the expanding diagonal pattern. 🔔 As for the technical analysis, Silver on a daily chart is currently testing a resistance level formed by MA100. If XAGUSD doesn’t overtake this resistance, it might drop to $23.5 to find the next support backed by the EMA50. 🔔 RSI indicator shows signs of a correction ahead, MACD remains bullish. Hence, after a slight correction, XAGUSD may continue the uptrend up to $26 and $26.8. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAGUSDLong
by azizelliott
$USDRUB - Could drop to 70.5Hi guys! 👋🏻 🔔 Globally, oil prices soar, as lockdown restrictions ease and airlines resume operations. Crude is traded near $80 and Brent already surpassed the $83 per barrel mark. Russia is World’s third largest oil supplier. 🔔 Through the year, the Russian Ministry of finance continued its streak of foreign currency and gold purchases. These factors support the strengthening of ruble at least until the end of the year, while the growing foreign currency portfolio will act as a great instrument for Russia to keep the USD/RUB rate within the range of their interest. 🔔 From the technical point of view, USD/RUB also looks bearish for now. There is a descending channel on a daily USD/RUB chart. The 70.5 support area is an important level to watch, as it will be decisive for the next move of USD/RUB. Based on the rules of the falling wedge pattern, the price must complete the 5 wave move and reverse, as it’s a trend reversal pattern. 🔔 However, if the price drops below 70.5 which might happen due to several reasons, interest hike risk, weakening the US Dollar, soaring oil and gas prices. Russia sealing gas export deals with other EU countries, then USD/RUB might proceed down to 68 and 67 as seen on a weekly chart below. 🔔 The pressure on the US Dollar index is high as well, the most anticipated NFP data release today. These data will draw a further course of the US Dollar index, which has already tested a severe resistance zone at 94.3. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Short
by azizelliott
2
NZDCHF > Possible Strong Bearish ABCD Pattern I hope you are feeling generous and loving today to give me a like and leave a comment it will support the creation of new free ideas for you. Analysis on #NZDCHF A possible strong bearish ABCD pattern might complete at a very important level. My plan: if the market comes to my structure resistance zone I will then drop to a lower time frame looking for a reversal pattern that meets my rules to get in a short trade Forever grateful for the time you spent here reading my analysis. Check today's analysis below⠀ >>“ luck is when preparation meets opportunity." _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
by TheTradersAvenue