CADCHF SellIn the 4hr there ids a clear ascending channel
Price has made support and ended with whats look to be a doji.
I am looking for an upside to the top channel.
Goodluck traders.
Trade with wisdom.
Fore
EURAUD For Leading week(Bullish) Scenario 1: Stabilization above 1.658
(Range) Scenario 2: Neutral between 1.658 and 1.638
(Bearish) Scenario 3: stabilization below the price of 1.638
AUDUSD Potential Short OpportunityHello traders, we are waiting for a trendline break and for a re-test. This would be a great short opportunity. Follow MF_Forex for more analysis.
EURGBP - SWING - 20. APR. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bullish reaction after bearish run.
4 HOUR
Prices moving back above main sr zone and following midterm trend.
DAILY
Absolute slowdown, expecting some pressure to the upside now!
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FOREX SWING
BUY EURGBP
ENTRY LEVEL @ 0.87230
SL @ 0.86870
TP @ 0.87730
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Kiwi may fall further NZDUSD has been depreciating for a sixth day in a row - the longest losing streak in over three months. The currency pair is trading barely above the 0.67 figure on Monday and it looks as if the longer-term down trend has resumed.
The US dollar feels relatively comfortable at the current levels. The key risks for the greenback are the prolonged US government shutdown and amore ‘dovish’ stance by the Federal Reserve. On the other hand, traders so far shrug off the potential consequences from the political crisis in the country, while much of the expected pause in hiking rates is priced in already. Therefore, the downside potential for the greenback looks limited at the moment.
Meanwhile, the NZD could fall further amid fresh signs of slowing growth in China and lack of progress in trade talks on the intellectual property issues. As such, should the risk aversion resume, the pair could lose the 0.67 level for the first time since early January. In this case, another bearish breakthrough will be a confirmation that the bearish trend has resumed. To prevent this scenario, NZDUSD needs to catch a bid around 0.6720 and get back above the 0.6760 area but the downside risks prevail in the short term.
DXY, fifth Elliott Impulse WaveHi guys !
On last friday, DXY hit 96. From there DXY bounced with the NFP results and reach 96.5 before the end of the week.
This drop could was the fourth Elliott Impulse wave, and now we could be in the fifth part.
The price closed above all the Mobile Average and with Ichimoku Cloud we can see the lagging span above the cloud.
Thanks for your time guys !
SPX- Daily Key Elements Key levels to look out for SPX. Please refer to our 4hr chart for a strategic view!
AUDUSD UPDATE in a good position.Details are given above there and
follow 1 and 2 resistance because all other is my past analysis which i like to keep on my chart as well.
EURUSD UPDATE Bull or Buy? lets see in the chart Everything is clearly mentioned in chart, Be patient and wait for signals.
if you have any question don't heisted to ask.
EURAUD testing support, watch for potential bounce! EURAUD is testing our first support at 1.5746 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) which coincides with our short term ascending line. A strong bounce might occur above this level pushing price up to our major resistance at 1.5961 (horizontal overlap resistance, 76.4% Fibonacci retracement).
Stochastic (34,5,3) is also bouncing off our major support and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LONG ON GOLD GOING NOW!GOLD GOING LONG!
I've been covering loads of commodities and as I was looking at gold, I thought to myself rather than just being selfish and taking the trade. I might as well share this trade with you guys in real time!
I anticipate gold prices to appreciate to around the 1352.00 Region very soon guys!
As prices are increasing in value I would have a strong look at volume and also guys a short is around the corner don't forget!
(Possible short in the future, prices could go down at least near the 1324.00 Region)
TP: 1352.00
SHORT ON NASDAQ! UPDATE!PRICES ARE FINALLY BEING DECISIVE!
I see prices travelling all the way down to the downside target of 7000.0/6600.0.
Let's Wait And See!
TP: 7000.0/6600.0
Short Aussie Dollar AUDVelocity of money has significantly declined over the past 5 years.
This puts downward pressure on the economy and Aggregate Demand should be negatively impacted.
Oversold structure- CADCHFRSI is oversold in 1H and 4H frame. We should wait for a breakout to open a long position till the resistance level drawed(61,8 fibonacci aprox).
