Nas100 Long After a long bearish run nasdaq has reached a strong daily support and can potentially prepare for a trip to a new all time high
Forexmarket
Improving US Pending Home Sales could mean Further Up for USDFundamental Info : The report of Pending Home Sales US has just been released and showed much of an improvement in the US property market sector which has been slowing down during the pandemic. This could set a further strength to USD.
Technical Analysis : EURUSD on 4H chart has just made a breakout on the strong level of support at 1.1670 which could indicate a futher south of the currency pair.
GBPNZD: Structure Trading With Confirmation 🇬🇧🇳🇿
GBPNZD is trading on a key daily structure support.
On 4H time frame the pair is ranging.
1.9425 - 1.945 is the resistance of the range
1.9335 - 1.9355 is the support of the range.
To buy wisely, I will look for a bullish breakout of the range's resistance. (4h candle close above the underlined area)
They open your trade aggressively or on a retest.
Goals will be 1.9545 / 1.9645
In case of a bearish breakout of the range, the setup will be invalid.
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AUDCHF: The Zone to Watch 🇦🇺🇨🇭
AUDCHF is approaching a daily supply area.
0.68 - 0.6815 is a potential reversal zone from where a bearish move may start.
Your confirmation will be a bearish breakout of a rising wedge pattern on 1H time frame.
While the price remains within its boundaries, though, the market remains bullish.
In case of a bullish breakout of a yellow zone, the setup will be invalid.
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EURUSD: How to Short With Confirmation? 🇪🇺🇺🇸
Update for EURUSD.
Standing on a strong daily horizontal resistance,
the price formed a head and shoulders pattern.
I am waiting for its neckline breakout (hourly candle close below) to short wisely.
Targets will be: 1.177 / 1.175
In case of a bullish breakout of a head level (new higher high), the setup will be invalid.
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AUDJPY Bearish possible target 78.40#AUDJPY, 3% short increased in australian dollar by professionals. jpy one year bearish extreme positions. 80.95-81.30 supply zone for shot. target 78.40 and 77.70
EURNZD: Important Decision Ahead! Your Plan: 🇪🇺🇳🇿
EURNZD is trading within a key daily structure resistance cluster.
On that, the price is currently consolidating within a horizontal trading range.
1.715 - 1.716 is its resistance.
1.7045 - 1.7065 is its support.
For now, I see two equally possible scenarios:
Bearish
In case of a bearish violation of the support of the range,
bearish continuation will be expected.
Next support will be 1.69
Bullish
In case of a bullish breakout of the resistance of the range,
a trend following movement will be expected.
Next resistance will be 1.73
Wait for the breakout & follow the market.
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TRADING BASICS | What is a Pip? 📚
📏Pip is a measurement of the price change in a currency pair trading on the forex market. In most cases, pip is the equivalent to 1/100th of 1%.
That rule is applicable to all the currency pairs quoted to the 4th decimal place like EURUSD.
➡️Current EURUSD price is 1.1696
6 is the 4th decimal place representing a pip.
If the pair moves from 1.1696 to 1.1697, that 0.0001 USD rise in value is ONE PIP.
❌That rule is not applicable, for example, to USDJPY which is only quoted to 2 decimal places.
➡️Current USDJPY price is 109.62
2 is the 2nd decimal place representing a pip.
If the pair moves from 109.62 to 109.63, that 0.01 JPY rise in value is ONE PIP.
🦉The word pip stands for "price interest point" or "percentage in point".
Even though a pip might appear as an extremely small unit of measurement, in leverage trading even the one pip price change of the instrument may lead to a sufficient gain or loss.
➗How to calculate the value of a pip?
Each and every currency has its own relative value.
In the following example, I will show you how to calculate the value of a pip for a particular currency pair.
USD/CAD = 1.2753
Reading that as 1 USD to 1.2753 CAD or 1 USD / 1.2753 CAD
1 Pip =
* 1 USD = 0.00007841 per unit traded.
Following this example, if we trade 10.000 units of USD/CAD, then a one pip change to the exchange rate would be approximately 0.78 USD change in the position value.
Alternatively, pip value can be calculated with various calculators & apps.
I hope that with these examples and my explanation you will understand the concept of a pip easily.
Let me know what do you want to learn in the next posts!
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USDCAD: Trading Signal From Our Team
EURJPY
- Classic bullish continuation setup
- Our team expects a bullish wave
SUGGESTED TRADE:
Swing Trade
Buy USDCAD
Entry Level - 125.9
Sl - 124.6
Tp - 127.8
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD 1.1830 short term bullish targetweekly key reversal bar indicating short term strength for eurusd. break and close above 1.1830 will be further confirmation for more strength.
GBPJPY Bearish for 149.90 and 149.10#gbpjpy, professionals 12% long reduced since last four weeks, jpy 6% long increase by last four weeks. 152.95 ideal level for short.
GBP/USD Weekly Analysis (3rd week of July,2021)Comments from Bank of England officials during the week, pointing to the need to reduce asset purchases earlier than expected, failed to lift the pound significantly. “The impact on GBP was limited, partly because the next step in the eventual policy normalisation process (rate hikes) remains still some way off. Despite the increasing Covid-19 cases, the UK government will deliver the final part of the reopening/end of restrictions on 19 July”, explain ING analysts. Next week UK data includes June retails sales and July PMI, both reports due on Friday.
EUR/USD -13/7/2021-• Pair broke above the June-July descending trend line
• Trading inside a falling wedge
• Falling wedge is a reversal bullish pattern
• Expect upward move in the short term
Trading recommendation:
• Long at the breakout of the wedge with Tp at 1.2000
USDJPY Bearish for 109.50#usdjpy, 2nd july daily key reversal bar dictation further weakness ahead, 3rd july insurance bar confirmed weakness. jpy one year bullish extreme suspect reversal in jap as strength soon for medium and longer term.
EURUSD: Top-Down Analysis & How to Short Wisely 🇪🇺🇺🇸
Multi time frame analysis on EURUSD.
Price action & trading recommendations.
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Is the Forex Euro Selloff Over?Hey Traders so in my last post I had mentioned that the Euro could be topping well amazing as it is the charts were right!
Of course the FED also helped by saying they are going to raise interest rates in the future.
Does this mean the charts are the Holy Grail of trading?
Ha ha ha I don't think there is a Holy Grail in trading but lets go back in time today to see why this trade worked out the way it did.
I will definitely be shorting the Euro now on every pullback as I truly believe the tides have turned for the market. I think could be just the beginning of a new bear market.
Where does everyone think the Euro is headed?
Enjoy!
Trade Well,
Clifford
EURCAD Demand Zone 1.4630 & 1.4590 for long12th May 2021 formed lower low as 1.4590. 13rh May daily bar did not break lower low while broker higher high of previous bar high. pair forming accumulation phase till last month. Split your risk into two positions first from 1.4630 with half risk, second from 1.4720 with remain risk. Trend is bearish so use low risk in counter trend.
COPPER forming distribution phase for short10th May daily key reversal bar dictating further weakness in copper. 12th & 18th May also showing weakness ahead. price forming distribution phase to short copper. 4.7550-7860 supply zone for short target 4.5220.
AUDUSD Market Analysis - Opened TradeAUDUSD - 24/5/2021
There is currently Bearish trend and traget price 0.73968 (It will be also above this price) .
I will update continuously.Stay with me for more analysis.
Techniques :
Support & Resistance
Supply and Demand Areas
Trend Lines and Trend Channels
USDCAD Monthly Market Analysis USDCAD - 26/05/2021
This is Monthly Market Analysis for pair of USDCAD forex currency.
There is currently bearish trend and it will be continued for 1 or 2 month. I hope that after 1 or 2 month it will be a bull trend.
I will update continuously
Techniques :
Support & Resistance
Supply and Demand Areas
Trend Lines and Trend Channels
NZDUSD Market Analysis - Opened Trade NZDUSD
This is the market analysis of an Active trade opened in 26/05/2021.
Techniques :
Support & Resistance
Supply and Demand Areas
Trend Lines and Trend Channels
EURUSD possible 1.1905 if breaks then next 1.1815Thursday daily reversal bearish bar indication for weakness ahead, friday widespread down confirmed weakness on thursday daily bar. currently price on weekend closing 1.2018, may short with half risk, add more if retest 1.2090, stop loss above 1.2145 with target 1.1905 and 1.1815.
