EURUSD - Potential sell entry 🔽EURUSD is printing a major rising wedge pattern on the Daily timeframe.
Price is testing the major rising wedge resistance.
Price action is printing a minor rising wedge pattern.
Sell entry ⬇️ - breakdown below the minor rising wedge support.
Target 🎯 - major rising wedge support.
Setup invalidation ❌ - breakout above the major rising wedge resistance.
Forex-currency
NZDUSD - Potential retracement 🔽NZDUSD is testing the ascending broadening wedge resistance.
RSI is printing a bearish divergence signal.
Price action is printing a double top reversal pattern.
There is a possibility of the head and shoulders reversal pattern formation.
Sell entry ⬇️ - breakdown below the neckline support.
Target 🎯 - Support levels
Setup invalidation ❌ - breakout above the ascending broadening wedge resistance.
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!
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EURUSD - Ascending channel EURUSD is printing an ascending channel on the 4H timeframe.
Price is approaching the channel support.
Price action is printing a minor ascending triangle pattern.
Bullish ⬆️ - breakout above the ascending triangle resistance.
Bearish ⬇️ - breakdown below the ascending triangle support + ascending channel support.
AUD-CAD will go Up to retest Resistance. Buy!
Hello, Traders!
AUD-CAD broke the minor resistance confluence
And tested the rising resistance line
The pair then fell in a pullback
And is now consolidating on the support confluence
I think AUDCAD has the potential to go Up again
And retest the resistance levels above
Buy!
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AUDNZD - Descending broadening wedge AUDNZD bounced off the descending broadening wedge support as expected from my previous analysis.
Price is testing the wedge resistance.
Bullish ⬆️ - breakout above the wedge resistance.
Bearish ⬇️ - breakdown below the minor trendline support + previous swing low.
CADJPY - Weekly analysis CADJPY has been on a long term downtrend since 2017.
Price is testing the descending channel resistance.
Price action is printing an ascending triangle pattern.
Bullish ⬆️ - breakout above the ascending triangle resistance + descending channel resistance.
Bearish ⬇️ - breakdown below the ascending triangle support + previous swing low.
EURNZD - Potential buy entry 🔼EURNZD brokeout above the trendline resistance.
RSI is printing a bullish divergence signal.
Price is printing the inverse head and shoulders trend reversal pattern.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Target 🎯 - Resistance level
Setup invalidation ❌ - breakdown below the support level.
NZDCAD - Retracement 🔽NZDCAD brokeout above the symmetrical triangle resistance.
Price rejected the projected major ascending channel resistance and brokedown below the minor trendline support.
RSI is printing a bearish divergence signal.
Sell entry ⬇️ - fibonacci retracement levels.
Target 🎯 - Support levels
Setup invalidation ❌ - breakout above the major ascending channel resistance.
NZDCHF - Potential retracement 🔽NZDCHF brokeout above the symmetrical triangle resistance.
RSI is printing a bearish divergence signal.
Price is printing the head and shoulders trend reversal pattern.
Sell entry ⬇️ - breakdown below the head and shoulders neckline support.
Target 🎯 - fibonacci retracement levels.
Setup invalidation ❌ - breakout above the shoulder resistance level.
CHFJPY - Potential retracement 🔽CHFJPY is testing a major resistance level.
RSI is printing a bearish divergence signal.
Price action is printing an ascending broadening wedge at the top.
Sell entry ⬇️ - breakdown below the ascending broadening wedge support + previous swing low.
Target 🎯 - fibonacci retracement levels + support level.
Setup invalidation ❌ - breakout above resistance level.
CADCHF - Possible price actionsCADCHF is printing an ascending channel on the 4H timeframe.
Price is consolidating at the mid channel.
Breakout above the trendline resistance could see the price pump to the channel resistance ⬆️.
Breakdown below the trendline support could see the price drop to the channel support ⬇️.
EUR-GBP approaching strong Resistance! Sell!
Hello, Traders!
EUR-GBP surged Up from support
Fulfilling my predictions
And now the pair is approaching a resistance confluence
That is comprised of a falling trendline
And a horizontal resistance level
I expect the pairs rise to be stopped by this resistance
With the subsequent price fall and retest of the rising support
Sell from resistance!
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GBPCAD - Potential buy entry 🔼GBPCAD is testing the symmetrical triangle support from my previous analysis.
Price action is printing an ascending triangle pattern.
Buy entry ⬆️ - breakout above the ascending triangle resistance.
Target - Symmetrical triangle resistance.
Setup invalidation ❌ - breakdown below the ascending triangle support.