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Forex-pairs

EURUSD: The picture is very clear on the 1w chart.The EURUSD pair had been going up and down the 1w MA50 lately, being higly volatile especially after the Fed meeting last week. This can be confusing on smaller time frames like 4h or 1h (even 1d) but on the 1w the situation is pretty clear technically. The long term trend is bearish inside a Bearish Megaphone since 2017. After a Channel Up pushed the price upwards, the pair tops when the 1w RSI forms Lower Highs. Then when the price crosses under the 1w MA50, a strong downtrend begins, the previous two have been -22.80% and -15.65% respectively. This time the Fed has distorted this but the effect shouldn't last for long. This is a strong sell signal and the target can be any price within the 1.000 - 0.9500 range. Follow, Like, Comment below!
Short
by YahooSignals
EURCHF: Hit the 4 month Support. Potential rise.The EURCHF pair hit today S1 (0.97250), which is a Support level holding for exactly 4 months, turning the 1D technicals bearish (RSI = 34.341, MACD = -0.003, ADX = 35.665). The strong rebound that has followed intra day as well as the RSI approaching the 30.000 oversold limit, is enough to make us go long after some time on this pair. TP = 0.99500, which is under the LH trend-line of the multi year Falling Megaphone pattern. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDCADI wanted to take a deeper look into USA and Canada. When looking at techs and fundamentals, there looks like there could be some space here for a run as we go through our interest rate spikes etc throughout this year. On the daily timeframe, I doubled the ATR for my stop loss and the target is near the 60% area which is where the previous high's are on a higher outlook as far as time. Let's see what happens over time. We are currently in a range of higher high's and I would like to see if we are getting the same pattern (look at circles). I'll wait as long as I can for this one. I compared the following statistics to try to get a more fundamental outlook vs depending on straight technical: GDP per Capita Differential (Lesser amount wins) - USA Productivity -USA Unemployment Rate Differential (Higher amount wins) -USA Government Spending (Higher Amount wins) -USA Business Confidence differential (Lesser amount wins) -USA Consumer Confidence differential (Lesser amount wins) - Canada Consumer Spending (Higher amount wins) -Canada What do you think? I'm looking for a more long term outlook here. This will be my only forex trade this year. Might scale in on this position over time if things work out.
Long
by Redimere_91
4
EUR/USDAlthough we've been on a bearish trend since March, there has been a few moments where price has tested its previous "lower" high. As you can see by my triangles, price seems as if it is ready to retrace the previous high. On the 2 hour timeframe, I saw a strong bullish candle cross the 200 day ema with the current candle opening above the previous one. Last time there was a retracement was more than likely back in August on the 4 hour time frame where price retraced about 38% of its previous high (May 2021). Let's see if price can retrace our previous high up to at least 38% or more before the bearish trends continues. You would think the usd is stronger but it seems like since 2008's crash, the dollar has progressively been getting weaker. With our current economic situation having slow growth, I plan on riding this retracement up until the chart tells me different.
Long
by Redimere_91
GBP/CAD | Potential Upward Movement 🚀 Technical Analysis: The pair found buyers around the 61.80% Fibonacci retracement level which led to a move upward and it violated the highlighted zone. We are expecting a lower correction toward this zone before a new move upward in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 1.73328 Take Profit @ 1.74268 Stop Loss @ 1.72866 Trade Safely 🙂
Long
by Forex-Robot-Nation
AUD/USD | Potential Downward Movement 🔨Technical Analysis: The price is bouncing inside a bearish channel formation where we have a downward movement. A higher correction could be seen to the higher end of this channel. The sellers will join the impulsive wave to the downside after the pullback near the trend line resistance. ------------------------------------------------------------------------------------- Trade Idea: Sell Limit Order @ 0.7371 Take Profit @ 0.7342 Stop Loss @ 0.7386 Trade Safely 🙂
Short
by Forex-Robot-Nation
CAD/JPY | Potential Downward Movement 🔨Technical Analysis: The price found sellers around the 50% Fibonacci retracement level which led to a breakout of the bearish pennant formation to the downside after posting a head and shoulders. A higher correction is expected around the 87.96 USD mark before a selloff all the way down to the target profit. ------------------------------------------------------------------------------------- Trade Idea: Sell Limit Order @ 87.96 Take Profit @ 87.13 Stop Loss @ 88.23 Trade Safely 🙂
Short
by Forex-Robot-Nation
EUR/NZD | Potential Upward Movement 🚀 Technical Analysis: The pair has posted a correction count to the strong support around the 1.7038 USD mark where it found buyers around the 61.80% Fibonacci retracement level. The market moved little bit higher but we expect a lower correction before a huge rally to the upside. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 1.70605 Take Profit @ 1.71176 Stop Loss @ 1.70356 Trade Safely 🙂
Long
by Forex-Robot-Nation
EUR/CHF Potential Upward Movement 🚀 Technical Analysis: The price is bouncing inside a bearish channel formation to the downside before it posted an inverse head and shoulders which led to a breakout to the upside. A lower correction might be seen to the highlighted zone before a move to the upside in the opposite direction of the main trend. ------------------------------------------------------------------------------------- Trade Idea: Buy Market Order @ 1.08997 Take Profit @ 1.09266 Stop Loss @ 1.08892 Trade Safely 🙂
Long
by Forex-Robot-Nation
GBP/JPY Potential Upward Movement 🚀 Technical Analysis: The price is bouncing inside a bullish flag formation. It has a bias to break to the upside which shows that most probably the pair will continue its main direction to the upside, but before a lower correction might be seen to the highlighted zone. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 154.84 Take Profit @ 155.60 Stop Loss @ 154.46 Trade Safely 🙂
Long
by Forex-Robot-Nation