Forexmarket
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
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
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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.
Technical analysis for CADCHFGood day, traders.
We'll be keeping an eye on the CADCHF on a daily timescale for any potential breakouts and retests of the strong support zone at 0.6500 that might lead to the triggering of sell orders or rejection from the zone that could lead to the triggering of buy orders.
EURUSDEURUSD is trading in bearish expanding channel. As the price is heading lower the size of channel is expanding accordingly. currently the price has reached at very strong resistance area where the sellers show good strength in past.
this resistance area is also coincide with 38% Fib retracement, which is also a good confluence for sellers to attack.