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CHFSGD: Sell opportunity on the next top.The pair has been trading within a 1D Channel Down (RSI = 42.510, MACD = -0.005, Highs/Lows = -0.0006) since the August High. On a wider time frame the current price action appears to be replicating the October-November 2019 period when a similar Channel Down made a temporary bottom on the 1D scale, spiked to a Lower High before making the May bottom. With the 1D RSI forming a similar sequence as well, we are expecting a similar pattern. The next rise towards the 1D MA50 (blue line) is a sell opportunity for us with 1.34200 - 1.33500 the Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
Dollar Index: Approaching the Buy Zone.DXY has been trading within a very long term Channel Up on 1M since May 2018 (RSI = 56.323, MACD = 0.620, Highs/Lows = 0.0491). The standard setting of Higher Highs and Higher Lows on the 1D MA50 and MA200 periods has been very helpful in recognizing early buy and sell entries as it happened on our latest analyses: As the moment and following the Higher High on the Inner Higher High trend line (dashed line), the price is pulling back having already crossed the 1D MA50 (blue line). This is similar to the December 2018 - January 2019 sequence that eventually made contact with the 1D MA200 (orange line) and rebounded. We are expecting a similar price action this time also. Our Target Zone is again 99.50 - 99.80. On a side-note, attention is required once the price hits 100.00 as last time DXY traded on that level was late April 2017. Upon contact we will follow up with an update for a longer term strategy on this one. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:DXYLong
by InvestingScope
3
GBPUSD POTENTIAL LONG OPPORTUNITY (1D CHART) GBPUSD POTENTIAL LONG IF YOU TAKE A LOOK AT THIS CURRENCY PAIR ON HIGHER TIMEFRAME CHARTS YOU CAN SEE THAT GBPUSD HAS COME INTO ALL TIME YEARLY LOWS IN PRICE. LOOKING AT THE PAST MONTH OF TECHNICAL DATA YOU CAN SEE THAT GBPUSD HAS HAD BUYER INTEREST AND HAS BEEN MAKING HEALTHY MOVES TO THE UPSIDE. RECENTLY, LAST WEEK, AS YOU CAN SEE GBPUSD MADE A VERY STRONG 2%+ MOVE IN PRICE TO THE UPSIDE AND HAD BROKE ABOVE AND HELD ABOVE THE RECENT SIGNIFICANT STRUCTURE. BASED ON WHAT THIS PAIR IS DISPLAYING TO ME IT SEEMS THAT THE MARKET OF THE GBP IS WANTING TO RISE AGAINST THE DOLLAR. LETS TAKE A LOOK! 1D CHART: *RECENT STRONG PUSH ABOVE STRUCTURE AS WELL AS OVER 100% MOVE FROM THE BUYER *VERY STRONG MOMENTUM FROM BUYER *HIGHER LOW FORMED ON DAILY CHART *SIGNS OF UPCOMING BUYER MARKET ARE STARTING TO COME INTO PLAY 4H CHART: *STARTING TO FORM A BUYER/UPTREND *STRONG MOMENTUM FROM BUYER COMPARED TO SELLERS IN RECENT DATA *LOOK FOR PULLBACK AND INTEREST FROM BUYER AGAIN FOR UPSIDE MOVE 1H CHART: *USE FOR ENTRY/EXIT STRATEGY FOR MORE PRECISE TRADE ENTRY/EXIT
Long
by JosePips
NZDCAD: Sell opportunity within a 6 month Channel Down.The pair is trading within a 1W Channel Down (RSI = 37.641, MACD = 0.014, Highs/Lows = -0.0048) since the end of March 2019. The pattern has provided clear Lower Highs (to short) and Lower Lows (to long). At the moment the price is rebounding off a Lower Low on a bullish 1D RSI sequence. Last time this 1D sequence took place within the Channel Down was in May and followed with a marginal cross above the 1D MA50 (light blue trend line) as it priced the Lower High. We expect a similar price action this time as well, so be ready to short the cross with a potential Target Zone of 0.81000 - 0.82000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
EURUSD Global CyclesI haven’t published forex analysis for a long time. Last week I was at a forex conference in Dubai. And I was pleasantly surprised by the quality of the people at this conference. That's why I want to look globally on the forex market. Euro / Dollar (EURUSD) most popular pair I showed large main cycles of 16 years. Methodology: 1. Visually determine the full cycle (movement from minimum to minimum or from maximum to maximum) 2. We repeatedly confirm cyclicality over an accessible historical interval 3. We find the end and the beginning of a new cycle in current quotes and “continue” its construction in the future If the cycle operates in the "past" - this is a guarantee of maintaining fluctuations with approximately the same period in the future - William Delbert Gann If you know what part of the cycle you are in, you will always know when to buy and when to sell. William Delbert Gann For example, you know that this is the end of a 16-year cycle, then you will only buy, not sell. Each whole consists of small parts. A large 16 year cycle can also be broken down into smaller components. Divide the 16 year cycle in half, we get 8 year cycle. Divide the 8 year cycle again into 2 parts, we get 4 summer cycles. Making a forecast for the EURUSD currency pair based on 16, 8, 4-year cycles, we can conclude that EURUSD has found some bottom, and this may be the beginning to continue the upward movement. Cycles is not a trading system, it is just very good information for the trader to help him understand where the financial instrument is now, what we can potentially expect. Each cycle will give one or another reaction, but this is NOT always exactly as we expect, the cycle can mark its end with inversion - a completely inverse reaction compared to history. It is just necessary, according to the cycles, to pay more attention to the market, to wait for the continuation, according to the cycles in history, but also to be prepared that the market will respond to the cycle, but not what we expected. We do not control the market and do not create any illusions on this score. We just observe it, what happened in history and what is happening now, and in accordance with what we see, we make trading decisions. I am pleased to read your opinion about the global market vision in the comments. Also if you read it to the end do not forget to like it is very important to me Best regards EXCAVO
by EXCAVO
44
CHFPLN: Long opportunity within a 1D Rectangle.The pair has been trading sideways within the 3.94000 1D Support and the 4.05500 1D Resistance since early August, forming a Rectangle pattern on 1D (RSI = 42.228, MACD = -0.007, Highs/Lows = -0.0314, ADX = 25.098). At the moment it is near the 1D Support, hence on optimal buy levels, even though the RSI shows there is still a minor potential for a lower pull (if the previous bottom is repeated). Our Target Zone is 4.04000 - 4.05500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
AUDUSD: Long term Sell action plan.The pair is trading on a long term 1M Channel Down (RSI = 39.819, MACD = -0.015, Highs/Lows = -0.0059) since December 2018. August marked its latest Lower Low and the price is posting a strong rise on September towards a new Lower High. This is expected to be priced once it tests the 1D MA200 (yellow line). It already crossed the 1D MA50 so we are expecting the uptrend to slow down. A noticeable feature of the pattern is the Lower High sequence. On each Lower High 11 days are added from the previous peak and this is in fact what helped us to accurately calculate the previous Lower High as seen below: We continue to implement this strategy with a downside target of 0.67000 and an extension (depending of course on the candle action by then) at 0.66000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
EURUSD short position Welcome to Fxtrading services, we provide premium signals & services to our costumers. Fundamental analysis : Not looking good for Euro as the data shows weak momentum for this currency pair. USD still shows strength fundamentally and technically. Technical analysis : Overall still downtrend for this currency pair. We are still looking to enter with a short set up. This pair should go around 1.07000 handle in the next 3 months. Comments: Be aware of ECB meeting on Thursday so we will probably not see much movement until then. Feel free to visit our website: www.fxtradingservices.com Instagram: fxtradingservices
Short
by fxtservices
Dollar Index: Potential rebound points. Near 100 target.DXY has been trading within a long term 1M Channel Up (RSI = 58.550, MACD = 0.590, Highs/Lows = 0.6224) since May 2018. The pace has been very steady and the High - Low signals clear. The price mostly traded on the inner channel with the 1D MA50 and MA200 coming to support the next rise to a Higher High. We are currently pulling back from such a Higher High and the two potential rebound points are the MA periods and to a lesser extent (as it was only needed two times in the past year) the outer Higher Low of the 1M Channel Up. The targeted zone is 99.50 - 99.80 as suggested by the Low-to-High sequence. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:DXYLong
by InvestingScope
2