Get started

Forexalerts

USDCAD unwill to fallWe have here orange lines of the major trend-channel (orange lines). Study the cases, when USDCAD did bounce with orange lines (I used green arrows to outline reversals). Note: - Christmas Trap in 2018. Price made the fake breakout but reversed down in January/2019. - Christmas Trap in 2019. Price made the fake breakdown but reversed up in January/2020. - The recent indication in volume is bullish - this is No_Supply arrow (diminishing volume amid a decline in price). A lack of traders wants to buy CAD. That is why the current movement has a bullish power. In the global view, I project a long-time target around 1.37.
Long
by fintechzoom
1
EURUSD Still holding long positions?EURUSD is struggling a lot since the starting of this year so far. Bombarded from every side at once. The pair has fallen 270 PIPs in the last 17 days. And it has broken very strong support at 1.8370, the lowest in the last 2 years. Currently, its making 2 scenarios as currently the market is divided into 2 parts on the hottest topic in the discussion Corona outbreak. Some institutions think that Corona is the next black swan for the market. Majorly testified by Mr. Powell in his recent testimony. While Others think its overly exaggerated (Ray Dalio) Hence, the market is reacting too quickly to every other statement coming from China. Current situation: Amidst the Corona caused slowdown market turned to safe heaven DOLLAR and YEN causing EURUSD a nosedive. And at this point there are 2 possible scenarios: #1 - The pair is it last 2 years lowest and can bounce back ending the current wave. and can target 1.0916, and then to 1.0980 before deciding a direction, alternatively, #2 - A sharp rise was noticed in Corona cases by the Chinese health Dept. recently, it can push EURUSD downwards. On the other had EURO was hit by the weak performance of the German economy (a major player in the eurozone) further continuing to weaken the EURO. And if it happens he pair can take next refuge at the levels of 1.0780 to 1.0750. Rethink if you are holding EURUSD buy positions. Cheers! ---------------------------------- ✅First 100 PIPs free on! Contact me for more details
Short
by TREND-KEY
The Basics of a Candle Stick (for Beginners)Candlesticks represent where price action opens and closes in a given time period.For example, when looking at a 1HR timeframe, each candle will represent 1HR of price action and also show where the opening and closing price of that hour was. Green candles show buy pressure Red candles show sell pressure. The larger the candle, the more variance in price action. Wicks are the thinner lines above and below candles that show where highs and lows of price action has reached during the timeframe of a candle. Wicks on the upside represent the highest price it was traded for during that time. Wicks on the downside represent the lowest price it was traded for during that time. Keep in mind that these wicks can be on both the upside and downside of a candle at the same time. Remember, the top wick is the highest the price was traded at, the bottom wick is the lowest that it was traded at. __________________________________________________________________________________________________________________________________________________________________________________________________________ No part of this book may be reproduced or used in any manner without written permission of the copyright owners except for the use of quotations in a book review. Any opinions, news, research, analysis, prices, trade discussions, or other information contained on this website are educational in nature and merely provided as a presentation of trading strategies. Commentaries made on this website reflect our own opinions and trading techniques and do not constitute investment advice. All information and material is for educational and entertainment purposes only and is not intended to provide financial advice. I'm not a registered investment advisor. 00:58:48 ( UTC ) Thu Jan 2, 2020
OANDA:XAUUSD
by TayFx
2
The Famous Double Bottom (+130 pips)A double bottom is simply the opposite of a double top . This pattern normally occurs during a downtrend and is a signal of a reversal of the downtrend toward an uptrend. It’s easily recognizable by its resemblance to the letter “W”. The initial downward move will find a support at the first bottom and then the price action will rally off the support to a temporary new high (the middle of the “W”). Another selloff will often take place that will reach the same support level of the first bottom, consequently sparking another upward rally. The trend is confirmed when the price breaks through the upper resistance to complete the pattern and reversal as displayed below. These are the most basic pattern structures of double tops and bottoms that you’re likely to come across. ( cont in our course) Any opinions, news, research, analysis, prices, trade discussions, or other information contained on this website are educational in nature and merely provided as a presentation of trading strategies. Commentaries made on this website reflect our own opinions and trading techniques and do not constitute investment advice. All information and material is for educational and entertainment purposes only and is not intended to provide financial advice. I'm not a registered investment advisor.
TVC:DXYLong
by TayFx
3
USD/CAD High probability short!!!TOP DOWN ANALYSIS WEEKLY TIMEFRAME It has been an exciting time! we have see quite a rally to the upside, creating "higher highs" and "high lows" .But recently we have seen price creating a high low perfectly on the golden fib level 61.8% but lacked momentum to push it more high to the required target level 1.4000. so price drop 3 times to retest the demand level and price seems to range in between 1.33500-- 1.3000.But still our bias is still on the upside on weekly DAILY TIMEFRAME if we look at market structure we see market respecting "lower high " at 1.34300 and ''lower low'' at 1.30150 which we can see price retracing at 78.6% to the golden supply level around 1.33500. PAY ATTENTION TO THE PSYCHOLOGICAL LEVEL(SUPPLY LEVEL) we see a lot of sellers at the level and rejection .this giving us more confidence for a potential short H4 and H1 TIMEFRAME all you have to look at is break of structure and how it is formed and how volume is flowing at those key level, wait for a potential rejection or wicks on the psychological level 1.33500 and i highly suggest proper risk management. this is one factor that separates retail trader from institution traders Target 1-1.32000 Target 2-1.31100 target 3-1.30500 Happy trading and thanks for your support
Short
by ShinForex1
2
Second Chance To Buy NZDCAD After Pull Back With Full Body CloseThe Market On The 4 Hour Chart Just Closed With A Full Body Candlestick And A Counter Trend Line Break, This Comes After The Market Previously Broke Out of A Wedge Pattern As You Can See On The Chart. If You Look Back On My Previous Post You Will See That The Wedge Pattern Is At A weekly Major Support Outlined On The Chart With The Green zone. I was Already In From My Last Post But I Rentered Now After The Marked Pulled Back And Closed With A Counter Trend Line Break. This Does Not MEan At All That The MArket Must Now Go Up The MArket Might As Well Decide To Come Lower, But Even If It Does Im Still Very Confident That Overall The MArket Is Heading Up Higher. I hope You You Found Some Value In This Post, And If You Did Please Do So And Hit The Like Button, Like This I Know That People Enjoy And Understand What Im Posting. Thanks And Have A Great Day.... Easy Trading!! Elay Stein
Long
by ElyaStein
GBPUSD 10/6/19GbpUsd Daily Short Idea As we know GU has been primarily bearish on all higher time-frames Price action recently rejected the weekly resistance around 1.25500 at the end of September We are now looking for price action to test broken structure as well as the daily 78.6% fib level Ideally a strong bearish pattern like an engulfing or star pattern that blows through the moving average would be enough confirmation for entry Our target will be the 0% daily fib level around 1.20000 followed by our second target, the -27% daily fib level around 1.19000
Short
by ForexLeague
Gold (XAUUSD) 10/6/19Gold (XAUUSD) 10/6/19 Gold Long Idea Last week price action completed a Head & Shoulder pattern after a break of key support turned resistance around 1485.00 then quickly reversed and blew back through key resistance turning back into support. Gold is now in a consolidation phase and is building momentum for the next explosive move. The 4hour 38.2% fib level has already been tested twice and is showing signs of more bullish pressure yet to enter the market. Ideally a test of the MA’s, formation of a Higher Low along with a strong bullish pattern would be enough confirmation for entry. Our target will be the -27% fib level around 1520.00 and our second target will be 1525.500 area which is also a key weekly resistance level If price action fails to push higher from the current level we will look for some rejection around the next significant prz level, the 61.8% around 1488.00 area.
OANDA:XAUUSDLong
by ForexLeague
1
NZDUSD 10/6/19NzdUsd short Idea Still waiting on NU to reach a prz level for this week Current price action is at the 23.6% fib level and is showing signs of bullishness on lower time-frames. We would like to see this pair present an opportunity half way through the week. A rejection off of the 38.2% fib level as well as broken structure is what we are looking for. Ideally we would like to see a strong reversal signal from this level, an engulfing or star pattern would be perfect which would solidify a daily double top pattern. Our targets will be the -27% daily fib level & Monthly support around 0.60000 and our long term target will be the weekly support around 0.54650
Short
by ForexLeague
AUD/NZD AnalyticsHello Traders! AUD/NZD has reached a strong resistance level on 1.06200. As you can see in the past the price was strong rejected on this level this year on: 08.01.2019, 22.01.2019, 25.04.2019, 08.05.2019, 31.05.2019, 21.08.2019. We set up a possible sell zone around 1.06150. If the price will break this resistance zone we will update our analytics and let you know with all the new possible sell or buy zones! Stay tuned for more! Regards RoTradeAlerts!
Long
by UnknownUnicorn5293721
1