UPDATE: GBP/AUD hit target 1 at 1.8789 still upside to comeInverse H and S formed and strong upside was shown for GBP
7>21 >200
Price is above 200MA
RSI >50 Higher lows
Target hit 1.8789
The trend is up and price is showing strong bullishness still.
We need to wait for the market to consolidate and prepare the next trade idea.
Forexisgnals
CADJPY: Multiple Timeframe Analysis, Double Top and Rising WedgeHello Fellow Global Forex Trader, Here's a Technical outlook for CADJPY!
Price Action Analysis
On the Daily Timeframe, CADJPY is moving below EMA200. Then, the Pair retested the previous neckline of the double-top and formed a rising wedge pattern, indicating a possible downside movement. The MACD Indicator made a death cross, signifying a potential downside movement to the target area.
On the H4 Timeframe, CADJPY also created a breakout of the double top pattern, confirming the bearish scenario ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CADJPY"
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDSGD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD Short the Resistance.EURUSD has broken from a strong range, and currently is in strong downtrend with no clear indication with a leg up.
EU is now testing strong resistance level, and I doubt it can break this resistance area on first try, that's why I am going to short today EURUSD.
We still have EMA downtrend.
Bearish 1H close.
RSI is above 60, but holding on thin ice.
My take profit is around 1.1640 ( Around 30 pips).
Good luck with this trade!
Tibor
Possible trend shift in USDCHF – going long BUY
0.9193 - 0.92228
Signal ID: 73419
Time Issued: Wednesday, 23 September 2020 07:00:15 GMT
Status: open
Entry: 0.9193 - 0.92228
Limit: N/A
Stop Loss: 0.91481
The Tidal Shift Strategy has just bought USDCHF at 0.92079. The system recommends entering this trade at any price between 0.9193 and 0.92228. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 5.91176, which suggests that the USDCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.0012, so the stop loss has been set at 0.91481. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Possible trend shift in AUDJPY – going long BUY
74.004 - 74.354 Add to Watch List
Signal ID: 70520
Time Issued: Thursday, 06 February 2020 01:00:15 GMT
Status: open
Entry: 74.004 - 74.354
Limit: N/A
Stop Loss: 73.478
The Tidal Shift Strategy has just bought AUDJPY at 74.179. The system recommends entering this trade at any price between 74.004 and 74.354. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 5.028, which suggests that the AUDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.14, so the stop loss has been set at 73.478. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Breakout Identified in EURJPY BUY
122.58 - 122.847 Add to Watch List
Signal ID: 70274
Time Issued: Thursday, 16 January 2020 00:23:15 GMT
Status: open
Entry: 122.58 - 122.847
Limit: 123.277
Stop Loss: 122.507
The Breakout Opportunities system has just bought EURJPY at 122.704. The system recommends entering this trade at any price between 122.58 and 122.847. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.277, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 122.208 and a profit target has been set at the 1 Day ATR level at 123.277. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Possible trend shift in NZDUSD – going short SELL
0.66417 - 0.66611 Add to Watch List
Signal ID: 70220
Time Issued: Monday, 13 January 2020 04:00:15 GMT
Status: open
Entry: 0.66417 - 0.66611
Limit: N/A
Stop Loss: 0.66903
The Tidal Shift Strategy has just sold NZDUSD at 0.66514. The system recommends entering this trade at any price between 0.66417 and 0.66611. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.08444, which suggests that the NZDUSD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00078, so the stop loss has been set at 0.66903. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Possible trend shift in EURUSD – going longThe Tidal Shift Strategy has just bought EURUSD at 1.10632. The system recommends entering this trade at any price between 1.10408 and 1.10856. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.13234, which suggests that the EURUSD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00179, so the stop loss has been set at 1.09735. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 68117
Time Issued: Friday, 13 September 2019 01:00:15 GMT
Status: open
Entry: 1.10408 - 1.10856
Limit: N/A
Stop Loss: 1.09735
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Past Performance is not an indicator of future results.
Possible trend shift in USDJPY – going long BUY
106.262 - 106.826 Add to Watch List
Signal ID: 67503
Time Issued: Wednesday, 14 August 2019 05:00:15 GMT
Status: open
Entry: 106.262 - 106.826
Limit: N/A
Stop Loss: 105.415
The Tidal Shift Strategy has just bought USDJPY at 106.544. The system recommends entering this trade at any price between 106.262 and 106.826. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 3.437, which suggests that the USDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.226, so the stop loss has been set at 105.415. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Extreme trader sentiment points to possible USDJPY uptrend BUY
Time Issued: Friday, 12 April 2019 09:00:15 GMT
Status: open
Entry: 111.818 - 112.04
Limit: N/A
Stop Loss: 111.486
The Trend Follower Strategy has just bought USDJPY at 111.929. The system recommends entering this trade at any price between 111.818 and 112.04. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.505. This suggests that the USDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.443, so the stop loss has been set at 111.486. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Breakout Identified in EURUSDThe Breakout Opportunities system has just sold EURUSD at 1.13759. The system recommends entering this trade at any price between 1.1359 and 1.13874. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.22618, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour high of 1.14217 and a profit target has been set at the 1 Day ATR level at 1.13084. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 61216
Time Issued: Thursday, 17 January 2019 07:22:15 GMT
Status: open
Entry: 1.1359 - 1.13874
Limit: 1.13084
Stop Loss: 1.14045
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GBPUSD 30min Strategy: Foul Play?Theresa May is expected to give unusual statements in today's session, some suggesting it may be linked to National Security. The immediate reaction was GBP weakness to the news, Manufacturing data countered.
Based on the 30min chart GBPUSD has found some support. However, it has attracted some buyers, we suspected stops are being accumulated around the green line on the chart.
It increases the odds for a whipsaw reaction in GBPUSD. Our preference would be waiting for further corrective gains before the weakness is expected to materialize. A 30min close to affirm a re-test of either price levels we highlighted on the chart is preferred.
The key price regions are highlighted on the chart. Do note that this strategy is short-term and is for experienced technical traders.
CADCHF approaching support, potential bounce! Price is our first support at 0.7608 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7713 (horizontal swing high resistance, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bullish exit and is a good precursor for a potential rise in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.