NZD/JPY Triangle Pattern in Daily Time Frame: Breakout and Long On the daily time frame, I’m monitoring a triangle pattern on NZD/JPY. Once a confirmed breakout occurs, I plan to enter a long position. My first target will be the pink resistance zone. This key level could provide the next significant resistance point, and I’m waiting for price confirmation before taking action.
Curencies
USD/JPY – Breakout of Resistance TrendlineWe have just broken out of the resistance trendline on USD/JPY. If you're currently short, I recommend reducing your position as the price approaches the green zone.
For those without a position, it might be wise to wait for the price to reach this green zone before considering a long entry. However, always wait for confirmation before entering long positions to ensure a higher probability of success.
EUR/KRW Weekly Bullish Flag Pattern – Targeting the Pink Zone'm observing a bullish flag pattern forming on the weekly chart of EUR/KRW. This continuation pattern indicates the potential for an upward move. The price has consolidated within the flag, and I anticipate a breakout to the upside.
Target: My target is in the pink zone, which I've identified as a key resistance area. I believe this is where the price could move next based on historical price action .
Strategy: If the price reaches the pink zone, it may be a good time to reduce long positions and secure profits. I'll continue monitoring for signs of a breakout and further confirmation of this bullish trend.
Always remember to manage risk and adjust your positions accordingly.
AUD/USD – Inverse Head & Shoulders Breakout on 4H On the 4-hour chart, AUD/USD has broken through the neckline of an inverse head and shoulders pattern. The first target is the initial resistance level, with the potential to reach a second resistance.
Trading Scenarios:
1. Long: Take advantage of the breakout to target the first resistance.
2. Short: At the second resistance, consider reducing positions or opening a short if the price shows signs of reversal.
USD/JPY Breakout and New Support FormationUSD/JPY has recently broken through a key resistance level, which has now turned into support. If we break above the trendline resistance, our first target will be the next resistance level. This could be a good opportunity for a long position if the breakout is confirmed.
Trade Idea: AUD/USD Bounce at Support ZoneAUD/USD is currently moving downward, and I anticipate a bounce when the price reaches the upcoming support zone. This level has shown strength in the past, making it a likely spot for a rebound. I’m ready to take advantage of this potential upward move once it hits this support.
USDJPY - Testing Support Level, Potential for a ReboundUSDJPY has arrived at a significant support zone and is currently retesting this level. While the support seems to be holding for now, the market sentiment still appears cautious. If we see further confirmation of a bounce, such as bullish candlestick patterns or increasing volume, there could be potential for upward movement. However, it's important to monitor the price action closely, as a breakdown below this level could invalidate the bullish outlook.
GBP/USD Trendline Support Breakif GBP/USD breaks below the current trendline support, it could trigger further downside movement.
🎯 Next Target: The next major level to watch will be the support level, where we may see a potential pause or bounce.
Keep an eye on price action and volume for confirmation.
EUR/USD Trendline BreakoutIf EUR/USD breaks below this trendline, it could lead to a significant bearish move.
🎯 First Target: Upon the breakout, the first target will be the nearest support level.
🎯 Second Target: If the momentum continues, we could see further decline toward the next major support.
Keep an eye on the volume and price action for confirmation.
USD/JPY Analysis: Support in PlayUSD/JPY is currently trading just above a significant support level.
We could see a potential bounce from here, leading to upward movement.
However, if the price breaks below this support, it might retest the next support level below.
This area is critical, as it could set the stage for the next move. Watch for price action
confirmation to determine the direction.
EUR/USD Daily Chart Analysis For Week of May 10, 2024Technical Analysis and Outlook:
During this week's trading session, the Eurodollar fluctuated around our significant Mean resistance level of 1.080. There are projections that the currency may experience an upward surge and complete the Inner Currency Rally of 1.084 before undergoing a downward transition to the Mean Support level mark of 1.074 and possibly further down to designated targets. However, it is also possible that the Eurodollar might go down to hit the Mean Support level of 1.074 from its current position.
EUR/USD Daily Chart Analysis For Week of April 19, 2024Technical Analysis and Outlook:
The Eurodollar has completed our Inner Currency Dip of 1.060. However, further selling pressure is reviling a decline to the next Inner Currency Dip of 1.054. Ultimately, the Eurodollar is expected to reach an Inner Currency Dip of 1.045. It is worth emphasizing, however, that an interim Dead-Cat rebound to the Mean Resistance level of 1.072 may be feasible before the Eurodollar resumes its downward trajectory.
EUR/USD Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook:
The Eurodollar traded lower in this week's trading session by completing our Inner Currency Dip of 1.075 and settling in a tight range, hovering above our Mean Sup 1.074 and under Mean Res 1.079. The Eurodollar is in a primary downward trend, which will continue until the support level marked at Mean Support of 1.074 and the Inner Currency Dip of 1.075 is broken. Once these levels are eliminated, the currency will continue to decline toward the next Inner Currency Dip of 1.065. However, an intermediate upward movement is possible, in which case the currency might retest the Mean Support level of 1.084.
LINKUSD (W1): Buy stop at 1.68 for this year!COINBASE:LINKUSD LINKUSD (W1) shows positive signals.
With signs of slight correction after a strong price increase. We can expect a return and stronger growth of Chainlink coin.
Specifically, the signs are shown as follows:
The level of price increase is fast and strong: Increases nearly 200% after 12 candles or 84 days
Volume increases when price is pushed up: Volume is above the 50-session average when price increases sharply
Weak bearish correction: Price is always greater than the Fibonacci retracement level 0.382
So, let's set up a buy order when the price reaches 16.8.
Stop loss at 13.5 and wait to see how far the market will take this currency exchange rate.
Merry Christmas!
TradePlus-Fx|EURUSD: high update💬 Description: The American currency continues to weaken after yesterday's inflation data. The momentary strengthening of the USD on the release of data on retail sales will most likely end very soon, and a new local maximum should be expected.
It should be noted that the instrument has accumulated a large number of sellers who are precisely capable of realizing another upward impulse. We don’t place a stop loss too far, but rather choose a technical stop loss beyond the local minimum.
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EUR/USD Daily Chart Analysis For Week of Nov 3, 2023Technical Analysis and Outlook:
Make no doubt that the Eurodollar has jubilantly bounced above our Inner Currency Rally of 1.070 with an eye on the ensuing Key Res 1.075 and Inner Currency Rally of 1.077. The upcoming pivotal reversal will likely take us down to Mean Sup 1.056 and Key Sup 1.047.
EUR/USD Daily Chart Analysis For Week of September 15, 2023Technical Analysis and Outlook:
This week, the Eurodollar continued drifting lower following last week, completing our Outer Currency Dip of 1.062. The continuation to the next Outer Currency Dip 1.050 is in progress; however, an intermediate rebound Retest to Mean Res 1.075 is possible.
EURJPY (Euro/Japanese Yen) Currencies Analysis 28/06/2021Technical Analysis:
As you can see, the currency pair has shown Bearish Divergence with MACD in the daily Timeframe chart which is the sign of bearish trend upcoming and some retracement to lower levels.
we draw Fibonacci retracement from low to high of the initial Bullish wave which has important levels defined. What we think that EURJPY may rise up from 38.2% Fib level and if so it we can target the 2 TP or else if more retracement the golden zone we can count on as heavy support area and target 1 TP.
EURAUD IDEA HELLO GUYS THIS MY IDEA 💡ABOUT EURAUD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like and follow thanks
AUDUSD 15 MIN TIME FRAME HELLO GUYS THIS MY IDEA 💡ABOUT AUDUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks
AUDUSDELLO GUYS THIS MY IDEA 💡ABOUT AUDUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks