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GBPUSD Continues To Rise And Broke Two-Month Highs Above 1.1740GBPUSD Continues To Rise And Broke Two-Month Highs Above 1.1740 After the U.S released the CPI data this week the market reacted very aggressively against the U.S Dollar (USD) The CPI data were released lower than the previous month and this is a great indicator that the U.S is on the right track to fight inflation. However, we have to remember that one month is not enough for a change in the Inflation rate trend. Technical Analysis: During this week the price found the right reason to jump against the USD after the CPI data. It looks like the bullish accumulation was very high considering that GBP was suffering many losses during the last couple of months. Finally, the price broke above its September high near 1.1740. I am expecting the price to come down for any correction near 1.1630 before it keeps rising more. Probably we are close to a deep correction on GBPUSD this time. Targets: 🎯 1.19000 🎯 1.2050 Thank you and Good Luck
Long
by KlejdiCuni
14
USDCAD: The Bearish Move Is Not Over YetUSDCAD: The Bearish Move Is Not Over Yet This is an idea I shared 3 days ago. After the price completed the Head & Shoulder pattern, the bearish wave reaction was very aggressive. The price has already reached the first target and only by calculating it from the neckline of the pattern it was 160 pips😁 Considering the current political situation in the U.S, the price should continue to move lower even if we see any minor correction on the way down. Objectives: 🎯 1.33417 done :) 🎯 1.31713 🎯 1.29887 Thanks and good luck! Previous Analysis:USDCAD: The Bearish Move Is Not Over Yet
Short
by KlejdiCuni
6
GBPUSD : All The Focus Is on The U.S ElectionGBPUSD : All The Focus Is on The U.S Election The US election is keeping all markets under a lot of pressure. The whole focus is on who will win the election because it will also determine the fate of the currency for the next 2 years. It will be interesting and very dangerous at the same time. Technical Analysis: Price is developing a large contracting pattern with the actual data that we actually have. Chances are it could go higher given that the market is focused on a Republican victory this time. The first and strongest resistance will be near 1.1720 After this point, anything can happen. Thank you and Good Luck!
by KlejdiCuni
13
Possible Head & Shoulders; USDCADGood Day All, Stumbling across the USDCAD 1D Chart, I observed a possible Head & Shoulders pattern ranging from 23th Sept to 4th Nov. Though by chance, After the major price rejection at 1.39790 not letting price touch the 1.4 mark, The traders seems to have taken control sending it down a controlled pattern giving Novice Traders like myself the idea it'll fall. At first sight it may seem the case but by recent personal events I've determined it isn't always the case. Do pay attention to incoming news and such as they can either slingshot prices toward the SL or the TP hopefully. Please do your own analysis first before deciding whether to follow this or not, while I may not mind sharing gains, I wouldn't like to see others suffer losses due to my own. Recommended Order Type : Market Sell Take Profit 1 : 1.33250 Take Profit 2 : 1.32600 Take Profit 3 : 1.31820 Stop Loss : 1.35750 R/R Ratio : 2+ (ONLY IF TP3 HIT!) R/R Ratio : 0.9 (TP 1) Prediction Nullifying Requiems: Price out of bounds or beyond the 1 W mark. P/S: Do Consider Lowering The SL before letting it run as R/R seems a bit low.
Short
by xevious000
6
EURUSD: Is the EURO strong enough to push against the USD?EURUSD: Is the EURO strong enough to push against the USD? As we have seen during this month's EURO is very weak against the USD. The U.S economy is very strong and the speculations from FOMC regarding the Interest Rate is also very high by holding EURUSD down under strong pressure. On the other hand, EUROZONE is still holding a very dovish tone when it comes to the economic support and the further steps that the can take. This is adding more advantage to the USD to dominate the market as one of the strongest currencies. Actually, I am expecting a normal correction before the next bullish move but it can be also a deep correction considering that the news Websites are still speculating a lot with the hawkish tone from FOMC. PS: The EURO is still very weak... Thank you and Good Luck!
Long
by KlejdiCuni
18
CADJPY: Will Resistance Push Price Down?CADJPY: Will Resistance Push Price Down? JPY is still very week during all these months and the speculation is still very high. We are talking about the JPY economy that is showing to support this economic crisis better than the other countries but its currency is one of the weakest and this is a real surprize. Actually the price is close to the top of an old structure and the probability is very high that the structure resistance can push the price down again. However this is a very risky trade considering all the above data. Thank you and Good Luck!
Short
by KlejdiCuni
13
💵British Pound/Japanese Yen 💵Analyze !!!British Pound/Japanese Yen made one of the expected correction patterns at the weekly timeframe. The name of this pattern is Expanding Flat (3-3-5). British Pound/Japanese Yen was able to complete the Expanding Flat in the resistance zone, and I expect that it will go down at least to the trend line and targets that I showed in my chart. 🔅British Pound/Japanese Yen Analyze (GBPJPY) weekly timeframe⏰. 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.
Short
by pejman_zwin
12
EURUSD Forecast: Price is reversing after the long dropHey trader, I hope you're having a profitable week! As you can see, the price is in a bullish uptrend that's trying to form the double bottoms 2nd leg. This reversal pattern usually triggers a 3-level uptrend. In this case, it will do so once the price has bullish broke and retested the patterns neckline (Mini Weekly Neckline) together with the 50 and bullish crossed short-term MA's. If that happens, the drop we've been seeing on the weekly and monthly timeframes will start to be recovered. But that might not happen. If the price bounces off the patterns neckline and 50 MA with a bearish reversal pattern that leads its price to bearish break and retest the bearish crossed short-term MA's, a downtrend will occur. That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
by Doji-2k1
AUDUSD: The Price Has Been In a Strong 20-Month DowntrendAUDUSD: The Price Has Been In a Strong 20-Month Downtrend If you will check the daily chart on AUDUSD you will see that the price is moving in a strong bearish trend for the last 20-months. Also on lower time frames, the only bullish movements are corrective. Technical Analysis: Price is still in a free fall. We can see any potential correction like it did in the past. If the price will correct again it can also continue moving lower from the actual price position. Thank you and Good Luck!
by KlejdiCuni
3
💵British Pound/U.S.Dollar 💵Analyze (10/03/2022)!!!The British Pound was able to complete wave 4 and is on its way to completing wave 5 in the resistance zone. I expect the pound to temporarily break the resistance line, push itself to the resistance zone, and start going down from there. 🔅British Pound/U.S.Dollar (GBPUSD) Timeframe 1H⏰. 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.
Long
by pejman_zwin
EURUSD | Is The EURO Correcting or Changing The Trend Direction?EURUSD | Is The EURO Correcting or Changing The Trend Direction? Over the last months, we have seen the EURO move only down without stopping at all. During this month we also saw the price breking down sharply at the parity price level. As we can see for the ECB, it was not a big deal that the EURO moved below 1 EUR=1 USD. Maybe that's what they want to do now? How might this affect the economy? From a technical point of view, the price is testing a strong support zone that could push the price back down near the bottom. Once the price breaks above 0.9880, the next challenge it will face will be near the parity price level. It will be another interesting and very risky week for all traders. So keep the risk small and under control. Thanks and good luck!
by KlejdiCuni
29
Audcad selling Opportunity 🔔 AUDCAD UPDATE🔔 Sell Audcad Forth call/entry Swing Trade call 📣 Price @ 0.88950 SL @ 0.89250 (30pips) Tp1 @ 0.88260 (80pips) Tp2 @ 0.87260 (170pips) Pip rr-----> 1:5rr Trade with caution ⚠️ DYOR Don't risk more than you can afford to loose. Am not a financial adviser. Trading is reactive and not predictive, so am reacting to change of market structures and sharing my expectations in the market environment! Good luck... TradewithSkipo_OfficialFX💙✊💙
Long
by DeepBluePips_FX
💵British Pound/Australian Dollar💵@Regular Contracting TriangleBritish Pound made Regular Contracting Triangle , and it was able to break the lower line of this triangle, and now it is completing the Pullback . I expect that the Pound will go DOWN at least to 1.58 AUD . 🔅 British Pound/Australian Dollar Analyze ( GBPAUD ) Timeframe 2Weeks ⏰ 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.
Short
by pejman_zwin
10
💵U.S.Dollar/Canadian Dollar 💵Analyze (update) !!!U.S.Dollar/ Canadian Dollar is running near the Resistance line & Resistance zone, Also, it completed its microwave 5. I expect that U.S.Dollar/ Canadian Dollar will go down at least to the Support zone. 🔅U.S.Dollar/ Canadian Dollar Analyze ( USDCAD ) 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.
Short
by pejman_zwin
2