Forexsignalservice
GBP/NZD Signal - GBP Retail Sales - 19 Nov 2021GBPNZD has formed a head and shoulders pattern prior to the GBP Retail Sales data today, and we are looking for continued downside on the pair. The 1H RSI remains at bearish levels, and price has recently rejected the left shoulder resistance. We are looking for downside towards the recent lows at the 1.8900 figure.
GBP/NZD - A perfect storm!Price pulled back into our area of interest, and bounced out of the resistance zone. Price is now at a support level, however we are looking for downside to continue.
On The 1H chart we can see price has formed a head and shoulder pattern, and we are looking for the neckline to break.
USD/CAD Signal - CAD Consumer Price Index - 17 Nov 2021USDCAD is trading to the upside currently prior to the CAD Consumer Price Index data, which tracks the change in prices across a range of goods and services and is used to measure inflation. Technically the pair is holding above the moving average ribbon, and has bounced from a key support zone. We are capitalising on the strong USD bull market with this trade, targeting upside into 1.26500.
GBP/JPY Signal - GBP Claimant Count Rate - 16 Nov 2021GBPJPY is holding bearish structure prior to the GBP Claimant Count Rate, which measures the rate of people applying for unemployment benefits in the UK.
Technically the pair is holding bearish structure on the 1H price chart, and is also trading below the resistance trendline. We anticipate continued downside into the 151.740 level.
NZD/JPY Signal - JPY Tertiary Industry Index - 16 Nov 2021NZD/JPY is trending to the upside today prior to the JPY Tertiary Industry Index data, which indicates the domestic service sector in Japan such as information and communication, electricity, gas heat and water, services, transport, wholesale and retail trade, finance and insurance ,and welfare.
Technically the pair has formed an ABCDE descending wedge pattern on the 1h chart, and has held the daily support at previous structure / the 38.2% fibonacci retracement level. We anticipate continued upside into 82.00.
NZD/USD Signal - USD Retail Sales - 16 Nov 2021NZD/USD has bounced from resistance prior to the USD Retail Sales data, which measures the receipts for retail stores domestically. Technically the pair has bounced from resistance at the previous structure and the 38.2% fibonacci retracement level. The RSI has now turned bearish, and we anticipate continued downside into the 0.6900 level.
EUR/USD - Demand DissapearedIt's like a well performed magic trick the way that Demand for the Euro against the dollar has disappeared. USD strength has returned to the market, and the EUR is the ugly duckling at the moment.
Price continued to fall, with the last three trading days each forming a fresh yearly low. We're eyeing downside to continue into the 61.8% fibonacci extension level at the significant price of 1.13000.
XAU Buy/Sell + Exit TradesThe ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
XAG Buy/Sell + Exit TradesThe ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
USDCAD Buy/Sell + Exit TradesThe ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
EUR/JPY Signal - EUR Trade Balance - 9 Nov 2021EURJPY has traded into support prior to the French Trade Balance data, which shows the difference between imports and exports. Technically price is at channel support, trading in a bull flag pattern. Structure also supports price above 130.470. We anticipate a bounce into previous support turned resistance.
AUD/NZD Signal - NZD Electronic Card Sales - 8 Nov 2021AUDNZD is trending to the downside currently prior to the NZD Electronic Card Sales data, which measures purchases made in New Zealand on debit, credit and store cards. Technically the pair formed a bearish flag and has broken the flag support. The RSI is also bearish, and we are looking for continued downside on the pacific forex cross.
EUR/USD Signal - USD Redbook Index - 2 Nov 2021EUR/USD has made a retracement from recent lows prior to the USD Redbook Index data, which is a sales weighted index of over 9,000 stores. Technically the pair has made a retracement into structural resistance, and we have 3 bearish candles close on the 1h chart, a bearish confirmation pattern.
USD/CAD Signal - USD Non Farm Payrolls - 5 Nov 2021USDCAD is trending to the upside currently prior to the Non Farm Payrolls, which measure the number of new jobs added in non agricultural industries. Technically the pair is in a bullish structure, the RSI is bullish, and we have just broken the recent highs on the 1H chart.
GBP/USD Signal - USD Non Farm Payrolls - 5 Nov 2021GBPUSD has traded into support prior to the USD non farm payroll data, which measures the number of non agricultural jobs added in the US. Technically price has traded into structural support and the RSI has generated an oversold signal. We anticipate a bounce from this level.
XAU/USD Signal - USD Fed Rate Decision - 3 November 2021XAUUSD has rebounded from fibo resistance prior to the USD Federal Reserve Interest Rate Decision. Technically the pair is rebounding out of fibonacci resistance at the golden pocket, and we are looking for downside to continue into the fibonacci 61.8% extension.
UK100 Entries + Exits!The ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
EUR/GBP Signal - GBP Consumer Price Index - 20 October 2021EURGBP is trending to the downside prior to the GBP Consumer Price Index data, which measures price changes in representative basket of goods and services, and is used to measure inflation. We anticipate continued downside into the -61.8% fibonacci extension level.