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Forex-currency

USDJPY Still downward channel but bullish signal emergedThe pattern on the USDJPY pair is a Channel Down since the trend reversed on October 21st. As long as the price stays inside this Channel, the trend will remain bearish with each lower Fibonacci level a potential target. The MACD though has pushed the first major buy signal of this downtrend as it made a bullish cross last Friday. As a consequence, if USDJPY breaks above the Channel Down, we will most likely see a (counter?) rebound to the 1D MA100 (green) and 1D MA50 (blue). This will be the most important test to see if this new bearish trend will be sustained. Break above will invalidate it, rejection will confirm it. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
by InvestingScope
EURUSD No long term rebound starts until the 1W MA100 breaksThe EURUSD pair is rising non stop since the end of September and this week broke above the 1W MA50 (blue line) for the first time since June 2021. Though technically a major break out, history shows that this alone is not enough to justify a continuation of the uptrend. Since 2015, EURUSD extends the rise only when the 1W MA100 breaks (green line) and even then, it first makes one last fall before a new high. The 1W RSI in fact is similar to the massive rise of early 2015, which consolidated for nearly 2 years before finally breaking to the upside. Follow us, like the idea and leave a comment below!!
by TheCryptagon
1
EURUSD: Buy above the 4H MA50, sell below.The price is now rebounding exactly on the 4H MA50 (1.04416), which is a short-term bullish signal that can target 1.05320. If it breaks below the 4H MA50 though, sell and target the Higher Lows trend-line around 1.03750 of the Bullish Megaphone pattern that started on the Nov 21st Low. As mentioned before, the best buy entry on a 1D scale will be when the 1D RSI hits 60.000 (now is 63.51 with the MACD: 0.013 and ADX: 41.482). Notice how the 1D MA200 is also now 1.03561, which was formerly the strongest Resistance of the Bear trend of 2022. This pattern is invalidated and turns bearish medium-term if we close below 1.03280, and targets the 1D MA50 (1.00680), which is where we will be buying for the long-term. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
by InvestingScope
2
EURUSD Rejected on 1W MA50. Pullback test of 1D MA50 possible.The EURUSD pair is trading inside a Channel Up, having established the 1D MA200 (orange line) as Support. The rejection on the 1W MA50 (red line) yesterday however can turn the trend downwards on the short term as the rally since late September may be in need of relief. The RSI is a testament to this as it has been trading sideways since Nov 11, unable to break above 70.00 while the price was inside the Channel Up. We expect a rejection either now or on the 0.618 Fibonacci (1.07566) to the 1D MA50 (blue line). There is also a Higher Lows Support even lower than can sustain this uptrend long term. Be bullish long term but either buy more comfortably lower or scale the buys if it moves higher. Our target by March is the 0.786 Fibonacci (1.10887). Follow us, like the idea and leave a comment below!!
Long
by TheCryptagon
Dollar slows for Thanksgiving or Christmas 2022Jerome Powell is the #1 Financial terrorist on Planet Earth right now, soon the powers above him will demand an end to his regime of Maximizing damage upon Working People around the globe Hyper financialization of all goods and services has proven to be a failed experiment. the global economy needs to organically re-organize and re-energize itself. One single un-elected US bureacrat is not suited to fix this calamity - and based on FED predications, analysis, and results of their actions - they are incompetent to the challenge at hand
ICEUS:DXYShort
by noam_chom
CHF/JPY SHORTShorting Potential: - Double top - Price has rejected major resistance. - Price came back to re-test local up trendline and rejected it. - Price rejected the 618 level. - Evening Star pattern + Now we have just closed with an engulfing bearish candle signalling a shorting potential. - Divergence in RSI on 2HR TF and slowing buying momentum signalling a change in price. ** Stop Loss just above the 618 fib level and Targets at 50% of the way down from the 2nd August Low.
Short
by Boogeyman123