USDCAD Nears May 2020 High Amid Slumping Oil PricesThe USD/CAD currency pair is overbought, as signaled by the RSI and Stochastic indicators. The pair has the potential to consolidate near 1.395 if the 78.6% Fibonacci level holds as resistance.
On the other hand, the uptrend will likely resume if USD/CAD bulls can close and stabilize prices above the 1.409 mark.
Article: fxnews.me
Forextechncialanalysis
EURJPY 4H Bearish Setup for SELL!Hello Everyone,
Welcome to FXMYWORLD.
I still don't have sell confirmation yet.
For sure once we have sell confirmation, it will be big sell.
Make sure you do your research and based on your confluence please look for the entry.
Don't rush your trades without any confirmation.
Thanks in advance for checking my trade idea.
EURUSD Testing Trendline and median zoneIf you've seen my last video on the EUR/USD, I was looking at 2 trendline levels to potentially take a trade from. The EUR/USD has popped to that upper trendline and Median level to find some resistance. A short limit order was initiated at 1.0788 and will hold this for the time being.
The Cautious side of this trade is that the market still has a gap that it may still want to fill up over 1.0800 so that will be watched going into the final day of the week. Stop losses are set and will wait to see if the market respects that resistance zone or pushes back above 1.0800.
Always manage risk.
GBPCHF possible scenario?What's the next move on GBPCHF ?
On the monthly & weekly chart, the gravity is to the upside + the price is heading towards a great area (mass psychology) for a long position.
On the 4H X 1H chart, the price might be forming a descending channel / falling wedge heading towards the intersection between the lower TL and the rejection line (mass psychology) at 1.16020 area.
Will be focusing on taking a long position if the price breaks.
#Patienceiskey #ThePrimes
The Art of Technical Analysis for Beginners part 1Hey Traders so today I wanted to make a brief tutorial on technical analysis for those who are new to trading. This will be a short series that gives you the tools to understand the charts without any indicators ever needed. This analysis can be applied to all markets Stocks, Forex, Commodities, Crypto etc...
Be on the lookout for future videos in the series and I hope it helps those who are new to trading!
Enjoy!
Trade Well,
Clifford
GBPNZD Technical Analysis📉 GBPNZD Technical Analysis by CeoCodes
👋🏼 Hello Traders, Welcome to Technical Analysis for AUDUSD live chart to track latest price changes & predict price movements.
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Follow Ceo Codes 🎖
CURRENT LEVELS:
🟡 Support➔➔ 1.93382
🟣 Resistance➔➔ 1.94047
🎯 Target➔ ➔ 1.93509 ➔ ➔ 1.93382
☠️ Stop Loss➔➔ 1.94204
(Levels From Chart)
CURRENT EVENTS:
GBP/USD continues to trade sideways around the 1.4150 level, providing opportunities for range traders in all GBP pairs.... In larger Techncial Analysis if GBP/NZD rates were to settle above the February high of 1.9418, it would constitute an effort towards a significant reversal for the pair.
👉🏼 Here is the @CeoCodes technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the @CeoCodes strategy will trigger.
Thank you! 🙏🏼
Have A Great Trading Day!
Ceo Codes