Forexsignalservice
EURUSD FX Signal: Can it Trade Higher?EURUSD posted some gains due in recent days due to the Fed Powell's speech at Jackson Hole (online speech). Powell affirmed the Fed will opt for average inflation while assuring rates will remain low. The new inflation framework weakened USD against a basket of currencies.
The impact of the new framework may last for some time but due to the upcoming US elections the polls may begin affecting USD as we near November. There has been a 4hr breakout in EURUSD as seen on the chart. As the currency pair was held in a range for some time it may pave the way for further gains.as
The potential target is around 1.2040.
As this is a 4hr chart it may take some time as opposed to a similar technical setup on a 15min chart for example. It should not take more than 48 hours.
The breakout may remain valid as long as EURUSD does not post a 4hr close above 1.1950.
GBPUSD 15min forex signal: Time to Long?GBPUSD reached a minor support on the 15min chart (marked in green), The lower support and resistance are marked in bue.
Should GBPUSD post a 15min close above the green line we may see some corrective gains towards 1.3220. The analysis is intentionally kept simple.
Most of the recent volatility across global markets is due central banks' monetary policies and the tension caused by the coronavirus.
EURUSD FX Signal: Bearish Signs or More Room to the Upside?EURUSD has been largely affected by the rising cases of covid-19 in the US as well as central banks' monetary policies. What has kept USD Weak is the US stimulus that is stuck due to disagreements between the Republicans and Democrats.
Based on the 4hr Chart it appears we may see some USD strength as the upper resistance is holding. The initial target is 1.1830. In an event EURUSD does post a 4hr close above the resistance it may pave the way for stronger gains towards 1.1940.
You may have noticed that the market has changed in the past several weeks, it may be due to the monetary policies of central banks across the word to combat the coronavrus impact on the economy.
EURJPY SHORTS??!!!123.000 is a major level for this pair so will be waiting to see some more rejection to look at taking possible shorts. We may see a bit of consolidation around these levels before making a pull back.
USDJPY 15min Signal: Decent Dip for a Snap ScalpThere is a potential long entry (scalp) in USDJPY via the 15min Chart (lines highlighted). The break above the neckline (reversed H&S) may suggest some gains are due for USDJPY. It may also support our prior entry in EURUSD that was recently published.
The potential target is 107.35, the support at 107.25.
EURUSD 30min Signal: Tech Resistance in SightFX:EURUSD
EURUSD reached a fairly firm resistance on the 30min chart as seen in the chart. The resistance has been tested on 4 different occasions and prevented EURUSD from climbing higher.
The potential target is 1.1415.
USDCAD BACK TO 1.35000 US dollar is still looking very weak, I do see USDCAD making its way back down to 1.35000 and possibly lower.
GBPJPY going long flat top pattern
MAs are all working their way up,
Looking for 200 pips profit
stop below MA 50 below MA 100
GBP/USD Hello traders, here is the analysis from our team :
WE ARE LONG.
Good luck today.
Let us know in the comment section below if you have any questions.😉
GOLD Is Hiding his GOLD - Short Idea.Hi Everyone,
We have a bearish Divergence on Daily chart on TVC:GOLD .
I'm adding short positions for a swing trade
Willing to risk 2% max of my portfolio on this trade.
Shorting now, on top
GOLD Looking BearishThe XAU/USD has been playing around the same area on intraday 4H, both sellers and buyers are failing to take over
our preferences: Sell now with 1st TP on 1715, SL around 1733 area.
Always remember to never risk more than 3% on a single trade
Nasgoldpros.com
CAD/JPY 4H false breakout!The situation on the CAD/JPY is not clear at the moment. The Resistance zone has recently undergone a serious test which was the 4th one so there is high possibility the next one is to be the break out of the current Resistance. There is no predisposition for the rapid rise , so the price will slowly move down.
4H AUDUSD Good short trade idea Hello guys
1W price looks like rejected candle 0.65*** so strong resistance can't break. Now price checking again support. if support break bull movement is done.
RSI at 48 bearish
EUR is generating power, signal after crossing T1 trendlineToday on EU session pattern triangle is confirmed by 4th touch.
But to make trade desicion we need cross of T1 after 5th touch.
Fundamentally I feel long for Euro:
*retail sales was quite positive:
*US-China trade war will not have good empact on USD.
So we can trade after crossing of T1
There is a trading opportunity to sell in GBPUSDMidterm forecast:
. While the price is below the resistance 1.2265, beginning of downtrend is expected.
. We make sure when the support at 1.2024 breaks.
. If the resistance at 1.2265 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. A peak is formed in daily chart at 1.2640 on 04/29/2020, so more losses minimum to Major Support (1.2024) is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index ( RSI ) is 35.
Trading suggestion:
. There is a possibility of temporary retracement to suggested Resistance line (1.2181). if so, traders can set orders based on Price Action and expect to reach short-term targets.
We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons:
Take Profit:
TP1= @ 1.2024
TP2= @ 1.1888
TP3= @ 1.1409
4H USDCAD Long trade don't miss Hello !
If you agree with me hit like and follow me thank very much.
USDCAD recovered is done. Now wait correction /0.5-0.618/ Fib is good buy zone.
If you see 1D chart it's still bullish goodluck guys
Futures , Options, and Currency trading all have large potential rewards, but they also have large potential risk.
NZDUSD Head and ShouldersPrice is currently forming a rising wedge pattern at the right shoulder of a possible Head and shoulders pattern. We expect a reversal to downside for this pair after price breaks out of the rising wedge .
Another successful trade. Spend those profits wisely The last signal of the day which we sent out is now turned out to be the best signal of the week.
