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USDCHF, Massive BROADENING-WEDGE, Determinations Ahead!Hello, Welcome to this analysis about USDCHF and the 4-hour timeframe perspectives. When looking at my chart we can watch there how USDCHF in recent times has formed this massive broadening wedge formation, in this broadening wedge formation USDCHF already completed the coherent wave count reaching from A to E, and with the completion of this wave count with the wave E USDCHF has shown up with this massive bounce off the lower boundary of the broadening wedge formation till the breakout above the upper boundary emerged. Now as USDCHF has shown up with this breakout this completed the whole broadening wedge formation and USDCHF from there on activated upside targets in the structure. In the next times there is an increased possibility given for USDCHF to bounce off the upper boundary as it is seen in my chart, in this zone USDCHF has also coherent supports determined by the 65-EMA in red and the 35-EMA in green, taking these factors into the consideration with USDCHF bouncing in these levels there is an increased likelihood given for USDCHF reaching out further targets in the structure especially as the high bullishness already settled there is good potential given for this determination, it will be an interesting development ahead. In this manner, thank you for watching the analysis, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
5
USDEUR, Huge Formation is Going to CONVERT a Major BREAKOUT!Hello There! Welcome to my new analysis of USDEUR from several timeframe perspectives. Within recent times, there are several factors that are confirming an important change in the dynamics of the actual underlying factors within USDEUR. In this case, I have spotted major developments currently accelerating within the whole market that are likely to lead to a transformative formational breakout within the USDEUR price action analysis chart. As when looking at my chart USDEUR is forming this gigantic broadening wedge bottoming formation. Such a formation is known to mark a major reversal structure once it has been completed. In this case, now, the USDEUR has several important support zones within the whole dynamic marked by the fact that the USDEUR is trading above the main trend line, above the 35-EMA, and above the higher highs it established in recent times. Once USDEUR continues with the further price dynamics to accelerate within the structure and boil up a final range breakout above the upper boundary this is going to accelerate a massive volatility breakout when the current market conditions keep as they are or even increase much further. Once the breakout has shown up as it is marked in my chart this is going to activate targets of at least 0.98. Once these targets have been reached there is still more potential when USDEUR continues with the already established bullish circle momentum. The only scenario of invalidation would emerge when USDEUR reverses in the local structure here, the market conditions change and USDEUR drops below the 35-EMA matching with the ascending trend line. Such a breakout below these ever-so-crucial support levels is going to mark a crucial reversal structure from where USDEUR is going to accelerate the dynamics till considerable support has been reached from where USDEUR has the ability to reverse and in this case, this will be the lower boundary of the massive broadening wedge formation. In this manner, thank you everybody for watching my analysis of CHFAUD. Support from your side is greatly appreciated. VP
by VincePrince
13
Will GBPUSD bounce back from here?GBPUSD is one of the trading pair. By looking on the current structure on chart we can say it's below the major trend. And also reaching to the high demand zone. There is a good possibility it will be bouncing back from here because of Reason : 1. RSI is in oversold zone. But don't have good strength so buyers will start making positions here. 2. Zone has provided the good support zone for demand. 3. Reduction of volume of sellers. Verdict : Bulliness in near future. Plan of action : Wait for breakout of dotted trendline.
Long
by finnova_
CADJPY, Massive Ascending-Triangle, BREAKOUT Incoming!Hello There! Welcome to my analysis about CADJPY on the 6-hour timeframe perspectives. Within the recent times CADJPY is forming a important formation that is likely to convert into a major bearish breakout to emerge in the next upcoming times especially when huge bearish volumes move in here and accelerate the trend-turning-dynamics to the downside this is a highly likely scenario to be expect next. When looking at my chart CADJPY is forming there this paramount Descending-Channel-Formation in which CADJPY has several massive resistances within the structure firstly overly determined by the Descending-Resistance-Boundary within the Upper-Boundary of the channel formation. Furthermore, CADJPY is now completing the wave-count within the Ascending-Triangle-Formation which is pointing to a final breakout below the lower boundary to emerge in the near terms. With a final breakout below the lower boundary CADJPY is going to setup the final continuation-origin-setup to continue into the lower spheres of the chart and accelerate heavy bearish momentum into these directions. Once CADJPY has broken out below the 65-EMA as well as the 200-EMA marked in my chart this will be a trigger for more massive and overly bearish momentum moving in to increase the bearish continuation. Once the final targets marked in my chart have been reached it has to be determined how CADJPY continues from there on because especially when CADJPY continues with massive increased bearish momentum there is a high possibility given that CADJPY just continues into this direction and accelerates further bearish determinations. Otherwise when this is not the case and CADJPY manages to recover within this zone there is a possibility that CADJPY reverses in this zone. These determinations need to be assessed when the price-action developed here. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
by VincePrince
10
NZDUSD SWING SIGNAL LONGHello trader friends New Zealand dollar to US currency pair Considering the breaking of the dollar index, we can think about long transactions Due to the inclusion of the pivot in the 4-hour period, there is a possibility of a phase change from bearish to bullish in this currency pair. Therefore, according to the appropriate risk and reward, we can enter into long positions Thank you for following me You can send a message to subscribe to Signal's private channel I will also be happy to tell you your opinion
Long
by jawad369
September's Positive Returns for US Dollar Over the Last 6 YearsIntroduction: Attention, fellow traders! Brace yourselves for an exhilarating opportunity that has consistently delivering positive returns over the past six years. We are talking about none other than the almighty US dollar, which has proven its resilience time and time again. In this article, we will delve into the remarkable performance of the US dollar during September and present a compelling call to action for you to seize this exciting investment opportunity. The September Phenomenon: September has emerged as a month of significant potential for the US dollar. A closer look at historical data reveals a remarkable trend, with the greenback consistently delivering positive returns during this period. This pattern has persisted for six consecutive years, making it an enticing prospect for traders seeking reliable investment avenues. The Power of Consistency: The US dollar's consistent positive returns in September cannot be overlooked. Many factors have driven this trend, including robust economic growth, increased investor confidence, and a flight to safety amid global uncertainties. By capitalizing on these factors, traders have the opportunity to ride the wave of success that September has consistently offered. Seizing the Opportunity: Now that we have established the undeniable potential of the US dollar in September, it's time to act! Don't miss this exciting chance to enhance your portfolio and maximize your returns. Here's a call to action that will set you on the path to success: 1. Research and Analyze: Dive deep into market trends, economic indicators, and geopolitical factors that can impact the US dollar's performance in September. Equip yourself with knowledge to make informed investment decisions. 2. Diversify Your Portfolio: Consider allocating a portion of your investment portfolio into US dollar-denominated assets such as forex, stocks, or bonds. Diversification helps mitigate risks and ensures you are well-positioned to capitalize on potential gains. 3. Consult with Experts: Seek guidance from seasoned traders, financial advisors, or market analysts specializing in currency markets. Their expertise can provide valuable insights and help you navigate the US dollar's performance intricacies during September. 4. Stay Informed: Continuously monitor market developments, economic news, and global events that may impact the US dollar's performance. Be proactive in adjusting your investment strategy to optimize your returns. Conclusion: Traders, the US dollar's September phenomenon is a golden opportunity that should not be ignored. With its consistent positive returns over the past six years, this currency can potentially turbocharge your portfolio. Embrace the excitement, conduct thorough research, and take decisive action to invest in the US dollar. By doing so, you position yourself to reap the rewards of September's historical success. Remember, fortune favors the bold. Embrace this thrilling investment opportunity and unlock the potential of the US dollar in September!
TVC:DXY
by bryandowningqln
EURUSD BUY SIGNAL DAILYHello dear traders, The EUR/USD currency pair is in an upward channel on the daily timeframe. Given the areas of supply and demand, as well as the liquidity present at the green levels, trading in this area can be logical. The trigger for entering this trade is the breaking of the downtrend line, which is indicated by the purple color. This means that we are not allowed to enter until this line is definitely broken. Suitable support levels for going long with the condition of breaking the downtrend line are: 1) 1.090 2) 1.073 You can place your stop loss below the pivot formed. I hope this has been useful for you.
Long
by jawad369