EURUSD H4 1 March 2024EUR/USD, H4
The EUR/USD pair has pulled back from its technical rebound observed in the previous session but found support at the 1.0800 level. The U.S. dollar strengthened following the release of the U.S. Personal Consumption Expenditures (PCE) index, which aligned with market expectations, hinting that a Federal Reserve rate cut might not be imminent. This outcome has influenced the dollar's resurgence. Concurrently, market participants are now keenly awaiting the release of the Eurozone's Consumer Price Index (CPI) data scheduled for today.
EUR/USD declined but is currently supported at above 1.0800 levels, given a neutral signal for the pair. The RSI has been hovering in the lower region while the MACD is on the brink of breaking below the zero line, suggesting the bearish momentum has overwhelmed the bullish momentum.
Resistance level: 1.0865, 1.0954
Support level: 1.0775, 1.0770
Freeforexsignals
CADJPY: Waiting For Confirmation 🇨🇦🇯🇵
CADJPY is trading in a bullish trend.
After setting a new higher high higher close on a 4H time frame,
the pair started to consolidate within a horizontal trading range.
I am waiting for a bullish breakout of the resistance of the range.
4H candle close above 111.76 will indicate the strength of the buyers.
A bullish continuation will be confirmed then.
Next resistance will be 112.0
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AUDCHF: One More Trend-Following Setup 🇦🇺🇨🇭
Update for AUDCHF.
Earlier, we spotted a confirmed daily structure breakout on a daily.
The price formed multiple bullish confirmations on a 4h time frame then.
First, the price formed a bullish flag and violated its resistance.
After that, the price managed to violate a resistance line of a horizontal range.
Sentiment is very bullish on the pair.
We can anticipate a continuation at least to 0.5775
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USDCAD: Bullish Move From Trend Line 🇺🇸🇨🇦
USDCAD reached a major rising trend line on a daily.
The price formed a double bottom, with a higher low on 4H approaching that.
Its neckline was broken then.
Probabilities will be high, that the pair will bounce soon.
Targets will be 1.3476 / 1.3516
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GBPJPY New Entries + Exits (Best Reverse Strat Ever)My forex course regarding my strategy in full is now AVAILABLE!
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
US30 New Entries + Exits (Best Reverse Strat)My forex course regarding my strategy in full is now AVAILABLE!
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
Will Bitcoin reach $1,00,000 Before 2022?Bitcoin prices were moving upward at the beginning of 2021. But, its investors have seen heavy downfall into May to June. Afterward, it has hiked from 28600 to above 51356 .
According to Elliott's wave theory, it's running under the 4th wave. We may see a sideways trend here. Bitcoin is preparing for a solid uptrend ahead. It's a right to jump on Bitcoin for the long-term investment.
And the correction can be between the range of 28600 to 50000 because it will start marching for $1,00,000 soon.
Kindly note, this target is for long-term investors only. If you're looking for an accurate entry-level, wait for my next update. I'm planning to analyze it on a lower timeframe for the short-term investors. It can be helpful to catch the upcoming correction.
USD/JOY MAY START GOING UPIf a Candle on either daily or the 4-Hr Time Frame can close above the Support line, and also on the other side of the thick red Trend line, then, prepare for a leg up. We are still waiting for the right time to buy. One major determining factor is the upcoming FOMC meeting. If interest rate rises from there and the Fed signals even more rate hikes, then, it is very likely that the pair will rocket up from here.
Good luck
fb @ForexGoldandOil
AUD/CAD MAY BE GETTING READY TO GO UPAUD/CAD finally reached the support line (coming from our SELL call earlier on), and may be getting ready to start coming back up.
If the daily support is steady, we will be looking at buying AUD/CAD at around 9028. Our Stop Loss will be around 8968.
A candle on the 4-hr chart at the least must close fully above the Support line before we can BUY.
Good luck
fb @ForexGoldandOil
XAUUSD Gold VS US treasury yield 4HGold lost more than $30 on surge in US treasury yields. The 10-year yield jumped more than 8% and hit a five-week high as the latest omicron virus will do less harm to the economy. The hopes of a rate hike by the Fed also dragging yellow metal. It hits a low of $1798 and is currently trading around $1805.75.
XAUUSD (GOLD) 4H ChartTechnical:
The near–term major support is around $1817, violation below targets $1805/$1800/$1790. $1675.Significant trend reversal only below $1750.The yellow metal facing strong resistance $1835, any violation above will take to the next level $1860/$1877$1912 is possible.
It is good to buy on dips around $1800 with SL around $1780 for TP of $1860.
USDJPY, DONOT MISS THE RALLY, ALERT SIGNALS!!Plan A (LONG):
If it respects the formed channel and does not
give a breakout, and formed bullish candlesticks
pattern at HL near the bottom line of Channel then;
Buy at Buying zone after formation of Bullish Candles
near 112.300 which is at around 23.6% Fib level
TP 1: 114.133 (Major Resistance)
TP 2: 115.314 (Previous HH)
SL: Whenever it breaks the formed channel
Plan B (SHORT):
if it gives a breakout of Rising Wedge then;
Buy: 110.750
TP 1: 109.341 (Major support zone near 50% Fib)
TP 2: 107.525 (Another support at around 61.8% of Fib level)
SL: If it again enter into the rising wedge chart hit Close
Bullish Indications:
Series of Higher Highs & Higher Lows
Trading in a bullish channel
Bullish trendline
After making a HL at the bottom line of channel,
it will probably move upward to make HH
Bearish Indications:
Formation of Rising Wedge Chart pattern
If it gives a breakout of Rising wedge pattern then it
will probably go down to 109.341 which is at around
50% Fib followed by 107.525 which is at
around 61.8% Fib for TP 2 of Plan B
IF YOU LIKED THE IDEA, SHOW YOUR SUPPORT ;) AND IF YOU DONT THEN LETS DISCUSS ;)
WE NEED YOUR SUPPORT TO KEEP THIS GOING ;)
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.