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NZDCHF Broke Above Yesterday's Price High & May Continue To RiseNZDCHF Broke Above Yesterday's Price High & May Continue To Rise After the price made a deep correction again it looks like NZD doesn't want to give up at all. The price broke out from another bullish pattern and it is getting ready to rise even more. The 4 hour bullish candles are also looking very strong and the chances are high in this trade the price may rise further. Targets: 🎯 0.5825 🎯 0.5880 🎯 0.5950 Thank you and Good Luck!
Long
by KlejdiCuni
17
AUDUSD: Price Can Correct During the U.S Retail Sales DataAUDUSD: Price Can Correct During the U.S Retail Sales Data Today the main event for the U.S is the Retail Sales data. If we will have any surprise we may see the price to move down again and it can be ready for the next bullish move. On the other hand AUDUSD increased more than expected and it can begin a bearish correction soon. The U.S economy is still strong for the other currencies to rise in this way. Also the actual pattern it is not ready yet. We have to wait for fo the price to correct before the next move. Thank you and Good Luck!
Long
by KlejdiCuni
1
CADCHF Short pullbackThe last movement down is explained by the current Swiss´s economics becoming more interesting than the US considering investors are looking for stronger economies where interest rates are still rising. Therefore, it is likely that the downtrend will continue as the Swiss currency will have more value. Furthermore, investors are looking for safe investments during the next possible recession, thus investors will go for the Swiss Franc as it is still considered as a safe haven asset. The rebound zone considers possible old support turning into a resistance.
Short
by vf_investment
4
GBPCAD: Waiting for REVERSAL CLUES!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCAD, 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: At the end of October, the market double topped on an important swing, reversing impulsively for more than 600 pip. At that time, we were looking for a bearish correction, trying to targeting the low swing at about 1.5100. Eventually the market, before reaching that point, started correcting with a deeper structure and it has currently reached a minor swing high at 1.56800, which it could hold and reverse the market, completing the structure and potentially dropping to the downside. When, where and why would we step into the market? The second swing high of the LTF structure is not completed and confirmed yet, so more confluences are needed before thinking about a short position. However, if the market will reverse during the next few trading sessions, breaking the little structure within structure marked on the chart, a bearish movement till the level 1.5300 and 1.5100 (target 2 after more correction), is definitely a possible scenario. 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.
Short
by Cybernetics_tl
20
CADJPY: Breakout Structure, looking for BEARISH CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADJPY, 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: From march to November 2022, we could see the price clearly moving inside a big rising wedge, however, on a level a price which the probability to reverse was quite high. Finally the price broke the main structure to the downside and if it will form further bearish price action, will be very interesting to short this market, considering the big room till its next swing at 101.500. When, where and why would we step into the market? The price is just dropping at the moment, and we would not jump short in the middle of an impulsive phase. If during the upcoming days or weeks we will see a potentially bearish continuation, then it will confirm our thesis and we will update this idea with a better entry accuracy! 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.
Short
by Cybernetics_tl
15
EURUSD: Big room to Retrace, however, we are still BULLISHHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURUSD, 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: Since November 2021, EURUSD has been moving clearly inside a descending channel, keeping this strong bearish momentum for a year! At the end of September, the price reached an important level at 0.97000, bouncing on it with an interesting price action. The price reversed, false breakout, sharp bullish impulse and proceeded breaking the main structure to the upside. 500 pip and more of long, the market currently reached a potential pivotal swing and the further price action will be essential to understand the next movement. Although we strongly believe in a bearish correction after a such a huge move, in long term perspective we see this market reaching its next swing at around 1.06000. When, where and why would we step into the market? Unless this market will clearly show bearish price action and no momentum to the upside, we will just be looking for long position. A consolidation is needed before the next movement, and we can see a retracement back to 1.0100 or 1.0000, before a potential continuation. At the moment, we will keep an eye on the future structure and no action will be taken! 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.
Long
by Cybernetics_tl
14
USDCAD: Let's Get Ready For The 5th Wave DownUSDCAD: Let's Get Ready For The 5th Wave Down After the reached an all-time high near 152 we saw that the correction began. On one hand, the BOJ is joining the market step by step and on the other hand the U.S elections and the U.S CPI data pushed the price lower than expected from the market. However, this was a necessary mover for all the JPY pairs. Price already created a bearish move after the lower-than-expected U.S CPI data. Now the price may correct for the 4th wave and we can see the 5th wave down very soon. Thank you and Good LucK!
Short
by KlejdiCuni
14
GoldViewFX - Market UPDATEMorning Everyone, Quick morning update with an updated Goldturn ascending channel. We can see this is being respected well with a challenge on the channel top and now heading for the channel low also inline with 1750 Goldturn. Our plans to buy from dips is still in play and for now we are waiting for a blueprint in the range before considering positions. Please continue to review and follow our multi timeframe analysis to break down each level and track it level to level using our cross and lock strategy. 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
OANDA:XAUUSD
by Goldviewfx
16