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Forexpairs

Midweek Portfolio Selection: Weekly & Daily CSI AnalysisJoin me for the Midweek Portfolio Selection, where we analyse the Weekly and Daily Currency Strength Index (CSI) to identify shifts in the currency landscape. This process helps refine our trading bias to stay aligned with market dynamics. In this episode, we’ve observed notable changes, particularly in the AUD and USD. Key Highlights: Buy Pairs: AUD, CAD, JPY, CHF, USD Sell Pairs: EUR, GBP, NZD Combining these buy and sell pairs increases the probability of capturing strong directional movements in the forex market. If you find this video helpful, please give it a thumbs up and share your thoughts in the comments. Wishing you a successful trading week! Happy Trading!
by Charts247TradingAcademy
EUR/USD Breakdown – Quick Bounce or Headed for a Wipeout?Alright, trading family, the EUR/USD pair is riding some choppy waters. A short bounce to 1.0809 might be in the cards, but don’t get too comfy—it could just be a quick breather before we dive back toward 1.0700 or even deeper to 1.0645 or 1.0580. Key Levels: Breakdown Zone: 1.0700 – Looks like the next wave if sellers keep control. Bounce Play: 1.0809 – Bulls might show up, but it could be a short ride. Lower Support: 1.0645 / 1.0580 – If the tide turns, this is where we might land. This is one of those "stay ready" moments—either we catch a quick rally or the tide pulls us lower. Keep an eye on those short time frames to catch the next set. What’s your vibe—are we bouncing or heading straight into the deep? Drop your thoughts, follow, and share if this chart got you set for the next move. Mindbloome Trader
Short
by Mindbloome-Trading
EURUSD: Neutral ready to breakout either way.EURUSD remains marginally neutral on its 1D technical outlook (RSI = 55.284, MACD = 0.003, ADX = 28.089) as it remains supported on the 4H MA50. At the same time it is bearish below the R1 level, which forms so far a Double Top. If the price crosses above it, we will turn bullish aiming at the 1.5 Fibonacci extension (TP = 1.13000). If the price crosses under the 4H MA200, we will turn bearish aiming at the S1 level (TP = 1.10000). The 1D RSI is crossing under its MA trendline, which suggests that a bearish move is more likely, similar to every time this took place since June. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
AUDJPY Bullish Robbery plan to make moneyMy Dear Robbers / Traders, This is our master plan to Heist Bullish side of AUD/JPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
GBPUSD:31/10/2023: Daily Chart Analysis You can see important support and resistance in the pound's daily chart. As you can see the price couldn't make a lower low after touching the bearish order block and the price broke the previous high so we can expect a bullish movement for GBPUSD. There is the bearish order block in front of the price and then a liquidity pool above the previous minor and major lows which can be defined as targets of this bullish move. Please pay attention to the details on the chart. 💡Wait for the update! 🗓31/10/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
USDZAR: Long term Channel Up preparing the final rally.USDZAR is trading around the 1D MA50 on neutral technicals (RSI = 45.374, MACD = -0.003, ADX = 21.007) but on a long term Channel Up for the past 2 years. This current consolidation has been the accumulation period in the two bullish legs prior before the final rally to a Higher High. This is our buy entry and we aim at the top of the Channel (TP = 21.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDSEK: Rising towards the September high.USDSEK crossed over the LH trend-line as well as the 1D MA50, ending the 1 month pullback and turning the 1D timeframe bullish again (RSI = 57.915, MACD = -0.004, ADX = 28.535). According to two same fractals within 2023, we should be expecting at least a test of the Resistance, if not the 1.236 Fibonacci extension. As long as the 1D MA50 holds, we are short term buyers aiming at September's High (TP = 11.250). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EURUSD: Crossed over the 3 month LH, testing the 1D MA50.EURUSD turned bullish on the 1D timeframe (RSI = 56.634, MACD = -0.002, ADX = 25.303) as it made a major breakout by crossing above the LH trendline that originated on the July 18th High. The current short term Channel Up is about to test the 1D MA50 for the first time since August 11th. If it closes the 1D candle over it, we will buy and target the 1D MA200 (TP = 1.0800). On a different occasion, we will buy near the bottom of the Channel Up and target the R1 level (TP = 1.07375). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
GBPCAD: Neutral but pay attention to the breakout.GBPCAD is on a neutral 1D technical outlook (RSI = 54.553, MACD = -0.005, ADX = 25.095) as the price has been ranged between the 1D MA200 and the S1 level (1.65600) for the majority of October. If it closes a candle over the 1D MA200, we will buy and target the R1 level (TP = 1.73300), since the 1D MACD is already on a massive Bullish Cross. Until that candle close though, due to the neutral technicals, we are selling to the S1 level (TP = 1.65600). Low risk on both ends. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
USDDKK: Peak formed. Excellent sell opportunity.USDDKK is forming a Channel Down pattern after getting rejected on the HH trendline of the top of the long term Megaphone. This was enough to turn the 1D timeframe neutral (RSI = 51.567, MACD = 0.023, ADX = 24.458). This High is consistent with the two peak formations prior to that and the common characteristic is that all (including the current) have formed LH trendlines on their 1D RSI. The 1D MA50 is the first line of support, but we target much lower (TP = 6.8000) as the decline range on those two bearish legs has been -4.90% to 5.60%. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDHKD: Rejection on the 1D MA50 and LH trendline. Sell.USDHKD is on a neutral 1D technical outlook (RSI = 47.421, MACD = -0.002, ADX = 19.830) as it is approaching the end of a Descending Triangle pattern. Yesterday it got a double rejection on the 1D MA50 and the LH trendline. A harmonic Descending Triangle broke down to the S1 level after after its third contact with the LH trendline. Consequently we trrat this as a sell opportunity (TP = 7.7940). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURUSD: Channel Up may be emerging.EURUSD has turned sideways on the 4H timeframe (RSI = 41.862, MACD = 0.000, ADX = 24.424) as the Triangle pattern weighs, more importantly its LH trendline which hasn't broken yet. This is where the 4H MA200 stands and is the final Resistance standing before the pair turns bullish long term. Until then, we will take a short term buy on the HL and target the LH once more (TP = 1.05935). If the It is more likely to hit the 1D MA100. A candle close over it, will be the bullish entry to look for for the medium term. Target the R1 level (TP = 0.39500). If the 4H MA200 breaks, the emerging Channel Up will be validated. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
USDSGD: Breakout supported by the 4H MA50.USDSGD is trading inside a Channel Up pattern on the 4H timeframe, on a bullish technical outlook both on the 4H and 1D charts (RSI = 57.738, MACD = 0.002, ADX = 20.427). Yesterday it crossed over the LH trendline and has up to now stayed supported on the 4H MA50. The 4H MACD Bullish Cross has originated this breakout and it appears that it is fairly symmetric with the one in September. Both around the 0.5 Fibonacci level. As such, we turn bullish and target Fibonacci 1.236 (TP = 1.3800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
EURUSD: Time to turn bullish again?EURUSD is up almost +1.80% since the October 3rd low and the 1D technical outlook switched back to a neutral state (RSI = 48.454, MACD = -0.004, ADX = 28.741). The 1D MACD is after a Bullish Cross and that's typical of the last two market Lows turned into bullish reversals. To be more precise, both of those patterns formed W-reversals before testing the 1D MA50. Consequently, we expect a pull back now, that will be a buy opportunity targeting the 1D MA50 (TP = 1.06850). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
3
USDCNY Strong Support on the Channel UP and 1D MA50.USDCNY is extending the strong bullish pattern inside the nine month Channel Up. The neutral 1D technical outlook (RSI = 53.450, MACD = 0.011, ADX = 34.492) indicates that the current level is a good buy opportunity, especially since the 1D MA50 holds. A crossing under the 1D MA100 however invalidates the bullish trend. Until then, we are long aiming at the 2.5 Fibonacci extension (TP = 7.4850). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
BluetonaFX - GBPCHF Rectangle Pattern LONG IdeaHi Traders! There is a rectangle pattern on the GBPCHF chart, and there is potential for long entry opportunities due to the upside due to the hold of the very strong support level at the 1.10576 area. Price Action 📊 The market has been in a range for the past three months, with near-perfect bounces at the support area of the rangle and pullbacks at the resistance area of the range. We are looking for opportunities for long entries near 1.10576, so the aim here is to buy market dips. Fundamental Analysis 📰 The pressure on the pound has eased in the past couple of days. Most GBP pairs have come off lows from traders exiting their shorts due to potential USD weakness as a result of the war situation in Israel.   Support 📉 1.10576: RANGE LOW Resistance 📈 1.12476: RANGE HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
EURUSD: 4H MA100 rejection driving it back to 1.0450.EURUSD got rejection last Friday on the 4H MA100, which maintains the Lower Highs order inside the Channel Down pattern that has almost completed three months of trading. Naturally, the 1D timeframe is bearish technically (RSI = 40.242, MACD = -0.006, ADX = 32.170) and will remain so for as long as the Channel Down holds. The 4H MA100 provided the rejection on September 20th but on August 30th it broke only to get rejected at the top of the Channel Down. So if a candle closes above it, we expect the top of the Channel Down to be the final sell entry level. In both events, our target is the S1 level (TP = 1.04500). Only a closing over the 4H MA200, reverses the long term bearish sentiment. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
5
GBPNZD: Counter trend buy. Only short term.GBPNZD closed a strong 1D green candle yesterday, the first of this magnitude after almost one month. The 1D timeframe remains bearish technically (RSI = 39.063, MACD = -0.018, ADX = 72.262) so the trend is still bearish but as the 1D MACD is close to a Bullish Cross, and the 1D MA200 is holding, we can take a counter trend buy and target the R1 level (TP = 2.092225), and the 1D MA50, even though if it follows the stardard format of previous rises, it can go as high as 2.13000. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EURUSD: High probability sell signal.EURUSD is having a Double Top rejection on the 4H MA50, always within the tight borders of the middle July Channel Down. The 1D technical outlook is bearish (RSI = 32.644, MACD = -0.008, ADX = 39.390) and that's all that matters right now as it sets the bearish pace inside the Channel. Out of a 5 similar rejection sample inside this Channel, four have delivered a new Low. The lowest % decline has been -1.21%. Based on that, we are short-term short, aiming at the S1 level (TP = 1.04875). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
EURAUD: Possibilities on a well known pattern.The EURAUD pair is on a breadih 1D technical outlook (RSI = 41.370, MACD = -0.007, ADX = 32.977) as the price remains under the 1D MA100 after breaking the bottom of the dotted Channel Up on Friday. If it doesn't cross above the LH trendline (notice the similar pattern in the previous correction waves), it will likely test the 1D MA200 and S1, which can match the bottom of a diverging Channel Up. If it holds, the target will be the R1 level (TP = 1.70650) as in the event of a LH breakout. A closing under the dashed line (bottom of diverging Channel Up), will be a bearish signal targeting the previous Support (TP = 1.58500). If on any given time the 1D MACD makes a Bullish Cross, consider it an additional buy signal. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope