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Forex-currency

NZDUSD - POSSIBLE PRICE ACTIONS ANALYSIS 🔎 - NZDUSD is printing a descending triangle pattern. - Price is testing the descending triangle's inclined resistance. - The minor uptrend is supported by the ascending trendline support. - We could see a breakout above the descending triangle's inclined resistance or a rejection of the inclined resistance. POSSIBLE PRICE ACTIONS - Uptrend ⬆️: breakout above the descending triangle's inclined resistance. - Downtrend ⬇️: breakdown below the ascending trendline support. TARGETS 🎯 - Uptrend ⬆️: Horizontal resistance levels (R1, R2). - Downtrend ⬇️: descending triangle's horizontal support.
by Chibuike_Odoh
2
USDCHF - POTENTIAL BUY ENTRY ANALYSIS 🔎 - USDCHF is printing the inverse head and shoulders pattern. - This is a trend reversal pattern. - A bullish pattern to be precise. - Price is testing the neckline resistance. - There's an upward breakout potential. BUY ENTRY ⬆️ - Breakout above the inverse head and shoulders neckline resistance. TARGETS 🎯 - Fibonacci extension levels SETUP INVALIDATION ❌ - Breakdown below the right shoulder's horizontal support level (S1).
Long
by Chibuike_Odoh
USDJPY - POTENTIAL BREAKOUT ANALYSIS 🔎 - USDJPY brokeout above the falling wedge resistance as expected from my previous analysis. - RSI is printing a bullish divergence signal. - Price action is printing an ascending triangle pattern. - There's an upward breakout potential. BUY ENTRY ⬆️ - Breakout above the ascending triangle's horizontal resistance. TARGETS 🎯 - Horizontal resistance levels (R1, R2). SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
EURAUD - POTENTIAL RETRACEMENT ANALYSIS 🔎 - EURAUD is printing a descending channel. - Price is testing the channel support. - RSI is printing a bullish divergence signal. - Price action is printing the double bottom pattern. - This is a bullish reversal pattern. - Price is testing the double bottom neckline resistance. - We could see a retracement back to the descending channel resistance. BUY ENTRY ⬆️ - Breakout above the double bottom neckline resistance. TARGETS 🎯 - Descending channel resistance, fibonacci retracement levels. SETUP INVALIDATION ❌ - Breakdown below the double bottom support level (S1).
Long
by Chibuike_Odoh
Dollar Index Still Above Support! Hello, Traders! DXY( The Dollar Index) is in a free fall However, the strong Support area on the WEEKLY chart is near This is the area, where I expect the falling to stop And perhaps reverse, at least in a pullback. So is it time to buy US Dollar across the spectrum? Not yet, as the currency is not yet quite reached the support So even though we are seeing a small pullback on the DXY I think it will fall a little more Before hitting the support Where I expect to enter a range, after which it will be decided Whether the Dollar goes Up or breaks the support And keeps falling. Fundamentally, there is a shortage of Dollars right now So I stand with the former. But lets see what the new year brings us! Like, comment and subscribe to boost your trading! See other ideas below too!
TVC:DXYShort
by TopTradingSignals
2