EURJPY H4 - Long Trade SetupEURJPY H4 - Euro has seen some quite significant weakness so far this week, pulling downside back within our range box consolidation areas.
It would be good to see a two stage reversal on support. Buying from support would compliment out first rule. 2 stage reversal would be a perfect confirmation after such a sequential bearish trend too.
Forex-trading-signals
Triple Top Formation on GBP/USD 15M - 125 Pip MoveSimple technical analysis on Cable today.
Price tested 1.37 three separate times (a whole psychological level) and rejected all three times. Price has moved 125 pips to the downside. Combining key psychological levels with double and triple tops is a powerful trading confluence.
We also have fundamental news with Boris Johnson to outline further lockdown steps at 20:00 GMT tonight.
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EURJPY H4 - Long Trade SetupEURJPY H4 - Little reaction from 125.400 support region, bounced 20 pips in quite quick succession, if support holds this may be something we look to buy. Not entirely sure of the EUR still, seemed to have lost a little ground since market open on Sunday, but not near as much as GBP pairs. If support holds a while on EURJPY and EURUSD (1.18 support) we could possible look to buy if we haven't missed the boat here.
GBPJPY H1 - Short Trade SetupGBPJPY H1 - Off the back of the BOE members speeches earlier on today and comments from Barnier, GBP has been losing a bit of ground, simply looking for a clean break of support and subsequent retest so we can look to grab short orders inline with the reversed trend, again, if this unfolds, this will be something we look to personally trade and will look to signal.
DXY H4 - Short SetupDXY H4 - This week ended being quite choppy after FOMC and jobless claims data. Broken and retraced back into a big trading zone with threw things a little for me. If we can break support again, we could classify that previous recovery back above into that 92.60 resistance a fake out and data fuelled, something short lived which couldn't hold, expecting support to break again sooner or later and USD weakness to resume.
EURUSD H4 - Long Trade SetupEURUSD H4 - Seen some consolidation on this 1.19 handle since we tie in with our previous resistance highs. We could see some market relief, to correct this recent bull run, but I think we should break resistance at some point and trade above 1.19. DXY is on support, anticipating DXY support to break, but as mentioned, we may see a mild bounce/correction first, before breaking on attempt #2
USDJPY | Technical | Price prediction | fxCROWNWe have here a very strong support level. So I'm not thinking about a sell.
My technical mastermind tells me it is a nice opportunity to buy after breakout this diagonal line.
Do not risk your real money for any shared trading idea here. Be sure of your money.
For business prediction, you can just e-mail me fxcrown.tradingview@gmail.com
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EUR/USD bulls losing steam around the 1.1050 levelThe EUR/USD pair is printing its second indecisive candle around the 1.1050 level, with quite long upper wicks.
The pair is trading at a strong daily bearish trendline resistance, a horizontal resistance zone and the 61.8% Fib level, which could signal an end for the current counter-trend price correction and a continuation of the underlying downtrend.
While the Fed remained unclear on future rate cuts, we believe that the US economy is in a way better position then the Eurozone, according to recent macro-fundamental releases.
Would you sell EUR/USD around current levels? Let me know in the comment section.
Copper remains bullish after reaching supportThe daily chart on Copper shows a strong support around the $2.50 level which lies near the 61.8% Fib level.
The price has recently formed a falling channel, with a broke above signaling a potential continuation of the underlying uptrend. The RSI is in a bullish divergence mode.