EUR/USD above the parity thresholdStill within the falling wedge formed since 2008, the price bounced off the support, 500 pips below the parity 1/1.
Currently on the 1.05 zone, as long as this parity zone is not broken, we can expect a bullish continuation. Several areas are to be monitored, including points 0.5 and 0.61 of the fibonacci. Another element will be to be taken into account on this zone of 1.09 - 1.14, will the bearish trendline act as resistance once again ?
Otherwise, if the price sinks below the parity threshold, we could expect lows since the 2000s on the 0.85
Forexanalysis
GoldViewFX - Market UPDATEHey Everyone,
Yes, we did it again!!! 1779 and 1789 both targets HIT with our chart idea playing out to perfection. As mentioned yesterday MA200 provided the dynamic support for the bottom, confirmed with our new buy signal activation and previous Fridays GAP, we confidently took long positions and also banked existing layers for a perfect ride up from the bottom.
We are still within our range setup and therefore, levels can be tracked using our cross and lock strategy. Our plans to buy dips are still very much in play.
BULLISH TARGETS
1802 - DONE
EMA5 CROSS AND LOCK ABOVE 1802 WILL OPEN REMAINING LEVELS
1811
1819
1827
1837
BEARISH TARGETS
1789 - DONE
1779 - DONE
1767 - DONE
EMA5 CROSS AND LOCK BELOW 1767 WILL OPEN THE LOWER LEVELS
1757
1746
SWING RANGE
1746
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
💵British Pound/Australian Dollar💵 Analyze(11/07/2022)!!!British Pound/Australian Dollar was able to make a Bullish Gartley Harmonic Pattern on PRZ(Price Reversal Zone)!!!
I expect the British Pound/Australian will go up at least until the 🎯targets🎯 that I specified in my chart.
🔅British Pound/Australian Dollar Analyze ( GBPAUD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Euro/Australian Dollar💵Analyze (12/01/2022)!!!Euro/Australian Dollar is running on support zone.
I expect the Euro/Australian Dollar will go up at least until the resistance line.
🔅Euro/Australian Dollar Analyze ( EURAUD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USDCHF D TF (07/12/2022): Bull or Bear?
As you can see, price has fallen sharply after took the buy liquidity above 1.00643 and make a double top above this important zone.
Now we have a two scenario:
1: Price can has a short time upward move for continue the downtrend. (I follow this scenario)
2: Price can move upward continously for fill the liquidity void.
💡Wait for update!
🗓️07/12/2022
🔎 DYOR
💌It is my honor to share your comments with me💌
USDJPY D TF (07/12/2022): Long then Short
You can see the demand and supply zone in the chart.
There is a interesting liquidity pool under 130.391 that price may move for that.
We can wait for a upward and study price for a good short setup!
💡Wait for update!
🗓️07/12/2022
🔎 DYOR
💌It is my honor to share your comments with me💌
USDCAD | BOC Will Decide On The NEXT MOVEUSDCAD | BOC Will Decide On The NEXT MOVE
As we can see today USD is showing strength by pushing CAD
up again.
The probability is very high that the price could reach on of the resistance zone
shown on the chart.
The fist reason is that USD is still strong and it is recovering in the market and
the second reason is the BOC - Bank of Canada today and they will decide about the
Interest Rate Decision and the "BoC Rate Statement ".
After the news I am expecting a strong CAD, however we have to be patient and to see
what may happen.
Thank you and Good Luck!
USDJPY| Will USDJPY Fall Again?USDJPY| Will USDJPY Fall Again?
Hello traders!
Over the last 4 days, USDJPY erased 360 pips of losses thus creating
thus a potential sales opportunity.
The price is testing the resistance area of the pattern and it has
higher chances that it can move lower.
The first price reaction looks very good.
However, it gets a little risky ahead of the FOMC.
Targets:
🎯 135.15
🎯 133.00
Thanks and Good Luck!
GBPUSD Bearish Trend for Short .GBPUSD is trading in rising wedge pattern .currently it is trading near the resistance level . According to chart pattern analysis we might see down side in GBPUSD from current level towards support trendline 1 and later support trendline 2.
Trade with stop loss and own capital risk management.
vews/opinions are welcome to discuss.!
GoldViewFX - Market UPDATEHey Everyone,
We had some of our Bullish targets hit at early hours of Tokyo session with ema5 crossing 1802 leaving 1811 gap open. We had a buy signal just below which stopped out. First one after a long time. However, just like our wins we share our losses. We always have a risk management plan that allows us to absorb these and maintain profitability, this is part of being a professional trader.
We can easily say our chart has played out, as we highlighted the bearish targets, like most channels do, showing both ways and then saying they caught it, but we like to be transparent. Although our cart ideas showed targets below, we took the buy signal.
We are now seeing all the Bearish targets on our chart being HIT. The swing range is now also open leaving gaps open both ways. This is typical of news related momentum. Price is now heading towards ma200 for a touch which may provide some dynamic support. Overall if you zoom out of the chart, the structure remains Bullish, as we are still within the swing range. Therefore, we will look for price to find support before catching the movement up level to level.
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
USD/CHF overbought reversal 12/5 9.2% I entered into USD/CHF when it looked overbought on 5m chart. RSI was high & so was MACD. Notice the double top on the RSI below. Waited for a break below the 14 SMA on the RSI and was a little worried the uptrend would continue as my trade immediately went the opposite way. Bit riskier trade for me, especially with risk/reward ratio only being .54
Hit profit target and let it run for another couple mins & netted $25.95 on a $282 at 50x leverage trade for a 9.2% return on initial funds (without leverage)
CHFJPY: BEARISH Market Analysis! Waiting for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CHFJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
Market on top of its previous swing high, in higher time frame it double bottomed on it moving inside a rising wedge formation, in this context usually a reversal scenario.
In lower time frame, in October the market left the wedge, still correcting above the swing for a while and recently we could see the expected reversal sharp impulse breaking the main structure.
When, where and why would we step into the market?
Overall, considering the downward impulse, our Bias is quite bearish and we would be looking only for short positions.
The market dropped for more the 500 pip, and started correcting just few session ago.
A deeper correction is needed and once it will be completed, we will be looking for a great entry price and RR if the opportunity will be confirmed.
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
EURUSD - Regression Channel points 1.17Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, here's a Forex update on the popular trading pair EURUSD. It's the last month of the year 2022; could we expect a Christmas rally?
📈 From a candlestick analysis , the Euro is looking to gain some ground against the Dollar with Three White Soldiers forming on the monthly chart.
📈 From a chart analysis / trend analysis , the regression trend that started in 2008 is still valid and the top of the regression parallel channel points towards 1.15 - 1.20
📈 From a technical indicator analysis, the RSI seems to be losing strength on it's way to the 50 mark and we'll need to see price action CLOSE over 1.08 to consider 1.15 resistance zone
Sideways trading immediate term seems likely
If you're interested in cryptocurrencies, check out this idea on ADAUSDT:
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CryptoCheck
EURUSD at Resistance Level For Short Trade.EURUSD is trading in Ascending Channel Pattern . price is at upside resistance level of Ascending channel pattern also there is long term daily resistance level at current eurusd price level . According to chart pattern analysis we might see 200 pips downside in EURUSD price .
Trade according to your individual stop loss and capital risk management.
views and opinions are welcome to discuss.