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RLinda ! GBPUSD-> The downward break of the TrendLine. Falling?GBPUSD is forming a downward price exit from the ascending price channel. The trading session opens with a slight decline in the currency pair by 0.70% to 1.1318 In terms of technical analysis, we see a price exit from the formal ascending price channel, the weak boundaries may speak of the multi-valued further direction. The price is currently trading in a sideways range between 1.14900-1.09300. the price rests on the limit zone 1.14500-1.14900 and consolidates under the resistance zone, which may open further potential for a fall towards support I assume that since the price is fixed under the previously broken line, which indicates a bearish market sentiment, then in the short and medium term, there may be a fall, I remind you that the global trend - bearish Short term target - support at 1.11000 Medium-term target - liquidity area 1.09310 Regards R.Linda!
Short
by RLinda
35
AUDUSD eyeing its 4th consecutive day of gainsThe AUDUSD is up three consecutive days and is eyeing to make this four. Risk sentiment improving is on the side of the AUD, but some strong technical indicators will be watched by traders over the trading day. Support levels have lined up nicely with some psychologically levels, which may determine some short term trends in the pair. On the fundamental side, Australian inflation expectation figures are due tomorrow afternoon, but not before the Reserve Bank of Australia's Governor Philip Lowe speaks about the banks revised inflation outlook and how patient they will be to ensure a lasting recover.
A
by BlackBull_Markets
USDCHF REVERSAL IN PROCESSUSDCHF Forex Chart I THINK AT THIS POINT USDCHF MIGHT MAKE A BIG REVERSAL USDCHF am really liking the set up am seeing on this pair Last week, the price bounced off the lower border of the ascending channel and broke through the strong support line at 0.894 during the rise. This line has been around since summer 2020 and now gives the price a strong base for growth. After the breakout, the price fixed on the line, but eventually stopped at the resistance line - the upper border of the channel - 0.902. Now the price is in the fall and I expect that first of all it will go down to the strong support zone of 0.892. This zone is just formed at the intersection of the 2020 line and the trend line of the beginning of 2021. And then the price will rise to the resistance line of 0.905.
Short
by fxpremiere
2
Possible short movement in USD/JPYSo, in this technical analysis. USD/JPY has show us a possible movement bearish, if you know, as basic fundamental is that USA has a protest in all states in the nations and will be a bad for a economy, so, others par it's can be benefit as JPY. Now, only I hope that candelstick pattern, because we have in the possible and strong resistance to put in shrot positon. If you ok now, we are in the supply and demand zones in this par, and also, we can to pick up benefits to earn money in Forex with this par. So, also what I dont' mentioned is that USD/JPY has a shoulder head shoulder inverted, and so, this is a good opportunity in the past to put in long, but i say you in the previously technical analysisi that USD/JPY has consolidadted, so, I would not make a operation until the USD/JPY broke up or broke down. But, now, there are a possible short postion as i see in H4. The only confirmation what I need to hope is that MACD show me a sell signal and use the price action when I see a bear candlestick pattern.
Short
by harisonhbn9718
1
USD/JPY Analysis: Bearish Mood This Week Touch 110.80 Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower. Technically, the pair has little to offer, holding within familiar levels for a third consecutive week. A failed attempt to break higher, however, increased the chances of a downward move during the upcoming days. In the daily chart, the pair settled below its 20 DMA Thursday and was unable to regain the indicator in the last trading day of the week, now battling with a flat 200 DMA. The 100 DMA in the mentioned chart heads south at around 110.80, while technical indicators turned horizontal around their midlines, leaving a neutral-to-bearish stance. Shorter term, and according to the 4 hours chart, the technical stance is the same, as the price settled below its 20 and 100 SMA, but above a flat 200 SMA, this last at 111.35, while technical indicators lack directional strength but hold in negative territory. If the market is stable at 112.60 / 65, next target is 113.20, the next target 114.00 to 114.50 final target. Macro Jahutu is involved with Financial Facts. It can be stopped by. Junk is at the top of the stock market, profit taking mast. The rate does not increase this year, it is also macro-bound, but it will not be able to counter JPY's just against the dollar and some gold. But it would be difficult to contrast Aussie.And for the macro, the opposite of JPY is weakened by the dollar. If the market is stable at 112.60 / 65, next target is 113.20, the next target 114.00 to 114.50 final target. But Most Fast Response Scenario 111.25 1st Target, Break Out 110.50 / 60 Target 110.50 Breakout Tough, leaving the reports so far, where the report is better than expected. If the weight loss is 110.50, then the next target is 109.85 / 70 area. When the break out, the next target 108.50 and 108 final target. Technical Level: =============== Support levels: 111.35 111.05 110.80 Resistance levels: 111.75 112.10 112.40
Long
by Saleh11
Pattern triangule on EUR USD.... keep watching ;)The triangle can be a continuation or a reversal pattern. Although, more often it is a continuation pattern. There are three types of triangles: symmetric, ascending, and descending. For trading purposes they are all the same, the just look different. A triangle forms when the price action narrows over several price swings. If trendlines are drawn along the highs and lows of the price action, the trendlines converge towards each other. This creates the appearance of the triangle. More at: www.investopedia.com
Short
by AmiranAzaladze