USDCAD What Next? BUY!
My dear friends,
Please, find my technical outlook for USDCAD below:
The instrument tests an important psychological level 1.3738
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3787
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Fx
EURAUD Under Pressure! SELL!
My dear subscribers,
This is my opinion on the EURAUD next move:
The instrument tests an important psychological level 1.6877
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.6745
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
NZDUSD Sellers In Panic! BUY!
My dear followers,
I analysed this chart on NZDUSD and concluded the following:
The market is trading on 0.5917 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.5953
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USD/CAD H4 | Potential bearish breakoutUSD/CAD is falling towards a potential breakout level and could drop lower form here.
Sell entry is at 1.3751 which is a potential breakout level.
Stop loss is at 1.3811 which is a level that sits above an overlap resistance.
Take profit is at 1.3664 which is a pullback support that aligns with the 78.6% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
BoJ shows uncertainty, Yen WeakensThe BoJ indicated that it was not ready to hike rates further if the market continues with volatility
On release of the news, the Yen weakened, with the USDJPY rising to test the 148 price area
look for a potential breakout to the 149.50 price level as further yen weakness is anticipated
EURO at an interesting levelThe euro is deciding its next big move, while some upside could be likely if it breaks above the 1.0925 price level, it would be interesting if the EURUSD breaks below the 1.0890 price level
This would complete the head and shoulder pattern, breaking the neckline which coincides with the 50% Fibonacci retracement level
USD/JPY H4 | Potential bullish bounceUSD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 144.29 which is a pullback support.
Stop loss is at 141.53 which is a level that lies underneath a pullback support.
Take profit is at 150.86 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Big upside for EURGBPThe EURGBP sits just under the resistance level of 0.8625
If the GBPUSD weakens, this could drive the EURGBP higher.
Look for price to break above the resistance, and the 0.8645 price level, with the next key resistance at 0.8755
Possible hesitation at 0.87 as a round number level
Levels discussed on livestream 7th August7th August
DXY: Expecting further upside (to retest 104), could bounce off bullish trendline, needs to stay above 102.90. Below that, 102 key support level
NZDUSD: Sell 0.6030 SL 20 TP 55
AUDUSD: Look for reaction at trendline, if broken Sell 0.6520 SL 30 TP 80
GBPUSD: Sell 1.2665 SL 20 TP 40 (then watch for reaction at support level)
EURUSD: Buy 1.0945 SL 20 TP 50 or (H&S pattern) Sell 1.0880 SL 20 TP 80
USDJPY: Buy 147.50 SL 70 TP 200
USDCHF: Buy 0.8620 SL 30 TP 60
USDCAD: Sell 1.3750 SL 30 TP 70
Gold: Consolidating, if 2385 broken, could trade down to 2365
EURUSD 1D1D - On the daily timeframe, we are also in a bullish context similar to the weekly timeframe. Starting from Friday, it's evident that the large FVG will need to be filled by the price eventually. I anticipate this to happen in the first half of the following week, followed by a continuation of the bullish movement.
GBPCAD My Opinion! BUY!
My dear friends,
My technical analysis for GBPCAD is below:
The market is trading on 1.7539 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7656
Recommended Stop Loss - 1.7463
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURUSD Buyers In Panic! SELL!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0913 pivot level.
Bias - Bearish
My Stop Loss - 1.0940
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0867
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPAUD Massive Long! BUY
My dear friends,
GBPAUD looks like it will make a good move, and here are the details:
The market is trading on 1.9595 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.9694
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURNZD Massive Short! SELL!
My dear friends,
Please, find my technical outlook for EURNZD below:
The instrument tests an important psychological level 1.8503
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.8346
Recommended Stop Loss - 1.8623
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AUDUSD Technical Analysis! BUY!
My dear followers,
This is my opinion on the AUDUSD next move:
The asset is approaching an important pivot point 0.6482
Bias - Bullish
Safe Stop Loss - 0.6433
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6564
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Levels discussed on livestream 5th August 5th August
DXY: Trading lower to 102.55, beyond that, could test 102 round number support level.
NZDUSD: Buy 0.5930 SL 20 TP 50
AUDUSD: See reaction at 0.6465, RBA decision pending, Sell 0.6455 SL 20 TP 60
USDJPY: Look for retracement to complete (retest 144), Sell 143.50 SL 70 TP 250
GBPUSD: Buy 1.2870 SL 20 TP 70
EURUSD: Buy 1.1010 SL 20 TP 50
USDCHF: Sell 0.8540 SL 40 TP 85
USDCAD: Sell 1.3825 SL 20 TP 40
Gold: Needs to stay above 2410, break 2450 to retest 2480 resistance
SPY On The Rise! BUY!
My dear subscribers,
My technical analysis for SPY is below:
The price is coiling around a solid key level - 532.98
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 543.88
My Stop Loss - 526.43
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURUSD Technical Analysis! SELL!
My dear followers,
I analysed this chart on EURUSD and concluded the following:
The market is trading on 1.0908 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0872
Safe Stop Loss - 1.0932
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
QQQ Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for QQQ below:
The price is coiling around a solid key level - 448.71
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 464.38
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
TESLA What Next? BUY!
My dear friends,
My technical analysis for TESLA is below:
The market is trading on 207.61 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 216.75
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK