NZDCAD Reverse Cup and Handle - Cautiously bullishReverse Cup and Handle which is a rare and premature formation has formed on daily.
7 >21 Price >200MA
Bullish
CONCERNS:
As we don't fully have a breakout yet, the price could retest a low forming an Inverse Head and Shoulders. But we'll have to wait for tomorrow.
Target 0.8719
Forexanalysis
💵Euro/Swiss Franc 💵(Short term,11/01/2022)!!!Euro/Swiss Franc completed wave A in the resistance zone and is now on the way to completing wave B.
The end of wave B can be 50%-61.8% of wave A (in this case).
🔅Euro/Swiss Franc (EURCHF) 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.
GBPUSD back down to pervious lows???We can see price has been decreasing this past year forming lower lows and lower highs. Price is now testing back in the range of 1.22905 and 1.20120. If price proves it can stay below 1.22905, we could see possible bearish movement back down to 1.03545.
How will this trade be invalidated? If price moves past 1.22905, price will become bullish overall and at that point will have reversed.
Thank you for reading my quick analysis. Follow for more analysis😁
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USDCAD: Bearish Wave Should Come SoonUSDCAD: Bearish Wave Should Come Soon
We are observing this pattern since many days now.
After the price broke below the patterns's neckline it continued
lower and not it looks like it is developing a large correction.
For the time being the correction is very ugly and risky but we can
see something clear very soon before the next bearish wave.
Don't miss it...
Thank you and Good Luck!
💵Euro/U.S.Dollar💵Analyze (Short Term, 11/15/2022)!!!Euro /U.S.Dollar was able to make Ascending Broadening Wedge over the heavy support zone.
I expect Euro /U.S.Dollar will go down at least to the support zone.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 15min⏰.
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.
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!
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!
Potential Sell Trade for GBPAUDHere's one of the trades that I really like
We see A nice consolidation and a confluence between the point of Control & the supply area
after that consolidation we can see an expansion to downside and a retracement that gonna give us an opportunity to go short
Will wait for confirmations on LTF to enter after we reach the supply zone
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.
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.
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
EURUSD Long positionConsidering the US inflation level is decreasing, investors are looking for currencies where the interest rate will increase. Therefore the value of the dollar is likely to decrease as the FED is less likely to aggressively increase interest rates as they did before. In the end, the value of EURUSD will increase following this logic. The rebound zone has an old resistance likely to become a support.