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Fxmajors

AUDUSD Head & Shoulders PatternHi Traders! A head-and-shoulders pattern is forming on the AUDUSD 1D chart. Here are the details: The market has found strong support at the 0.65255 level, which is the neckline. The right shoulder is currently forming, and we expect some consolidation around this level before a possible break and close below the neckline. The plan here is to monitor both the neckline and right shoulder and wait for a confirmation signal before entry. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 0.66048 Support: 0.65255 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
5
EURUSD Possible Falling Wedge BreakHi Traders! A falling wedge is forming on the EURUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the wedge, as the market is looking for a direction. Looking at the price action, it looks bullish; we have had multiple tests at the trendline support and have broken above the 20 EMA. The market is currently on the trendline resistance, and we are looking for a break and a close above the trendline. As long as the market stays above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible attempt at the trendline break. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance: 1.08501 Support: 1.07960 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
GBPUSD Possible Triangle BreakHi Traders! A symmetrical triangle is forming on the GBPUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bearish; we have had multiple tests at the trendline support and have broken below the 20 EMA. The market is currently trading on the trendline support, and we are looking for a break and a close below the trendline. As long as the market stays below the 20 EMA, our view will remain bearish. We expect some more consolidation before a possible attempt at the trendline break. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.26947 Support: 1.27674 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly.
Short
by BluetonaFX
1
USDCAD Triangle PatternHi Traders! There is a triangle pattern on the USDCAD 4H chart ahead of the Bank of Canada (BoC) Monetary Policy Report, Rate Decision, and press conference. Here are the details: The price action looks bullish due to US dollar strength, and the market is currently in a consolidation phase in the triangle. Depending on what we get later from the Bank of Canada, we may get a re-test of the monthly high at 1.35420 if the triangle resistance breaks. It is expected that the BoC will hold rates at 5%. Preferred Direction: Buy Resistance: 1.34797 (TRENDLINE RESISTANCE) Resistance: 1.35420 (MONTHLY HIGH) Support: 1.34401 (TRENDLINE SUPPORT) Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
EURUSD Bear Flag PatternHi Traders! There is a bear flag pattern on the EURUSD 4H chart. Here are the details: The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel. The 20 EMA has been broken, and we are getting bearish momentum candles forming, and we are awaiting a possible test of the flag's channel to the downside. Preferred Direction: Sell Resistance: 1.09160 Support: 1.08566 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
GBPUSD Possible Re-Test Of Monthly HighHi Traders! There is some bullish momentum behind GBPUSD, and there may be a possibility of a re-test of the monthly high. Here are the details: The price action on the 1D chart looks bullish. The market is in an ascending price channel with higher market swings and lower rejection price wicks; the market is also currently above the 20 EMA. Preferred Direction: Buy Resistance: 1.27858 Support: 1.26612 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
USDJPY Approaching The 150 LevelHi Traders! USDJPY is approaching the 150.00 psychological level for the first time this year as the US dollar's strength continues. Here are the details: The trendline support on the 1W timeframe has held perfectly, and the market swings with higer highs and higher lows continues. The market has also broken above the 20 EMA this week, and we are looking for a close above it to continue the bullish momentum. The plan here is to buy dips near the 20 EMA if possible to target the 150.000 psychological level. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance 1: 150.000 Resistance 2: 151.946 Support: 143.424 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
EURUSD Price RejectionHi Traders! EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below. Here are the details: There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area. We are looking for a momentum price break and a close below the 20 EMA. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.09986 Support 1: 1.09102 Support 2 (monthly low): 1.08770 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
USDJPY Under More PressureHi Traders! USDJPY is under more pressure as we head into the final trading days of the year. Here are the details: The price action here on the 4H chart is extremely bearish. The 20 EMA has been broken, the market swings are getting lower and lower without any bullish pullbacks suggests that there are hardly any bulls in the market at this current time. We anticipate that the market will soon break below the 140 psychological level. Preferred Direction: Sell Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
EURUSD Looks to finish the year off strongHi Traders! EURUSD has broken above its ascending triangle on the 4H chart, and the price action looks bullish as it looks to finish the year off strong. Here are the details: The trendline resistance at 1.10094 has been broken, which tells us that the market is looking to test prices to the upside. The strategy that we are looking to implement is to buy the market dips. Preferred Direction: Buy Entry Level: 1.09796 Stop Level: 1.09311 Target Level: 1.10766 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
BluetonaFX - USDCAD Approaching Yearly HighHi Traders! Today is a big day for the USDCAD, and the pair is approaching its yearly high at 1.38623, but before that, the monthly high resistance at 1.37858 must be broken.   Price Action 📊 The market has broken its trendline resistance and is near the monthly high at 1.37858. There is bullish momentum due to the anticipation of hawkish statements from the Federal Reserve. Fundamental Analysis 📰 The US dollar continues to trade strongly amid rising yields and escalating tensions in the Middle East, after US Federal Reserve Chair Jerome Powell stopped short of hinting that US interest rates have peaked. Later, we have statements from both the Bank of Canada and Federal Reserve Chair Jerome Powell. Support 📉 1.36058: PREVIOUS DAY'S LOW 1.30928: YEARLY LOW Resistance 📈 1.37858: MONTHLY HIGH 1.38623: YEARLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
100+ Short on USD/JPY using Force Vector Technology Beta RunForce Vector Technology has an uncanny highly predictive nature where the interstitial buying and selling force vectors produce a resultant vector that points into the direction the market will move in the near future. Potential short trade on USD/JPY breakout bounce off of the resistance wick. Strong downside momentum after relief bounce as indicated by a downward resultant force vector that can potentially produce about 100+ PIPS.
Short
by ArtT
ORBEX: FX Majors Remain Bid int he New Year! Will It Last?The FX majors stretched into 2020 firm, spelling a strong term against a weaker #dollar! Will this continue being the case though when uncertainty around #tradewar and #Brexit remain elevated? Take a peek at our #elliottwave analysis for some technical insight at least. Timestamps EURUSD 1H 01:45 USDJPY 1H 03:30 GBPUSD 1H 05:50 Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
ORBEX: Dollar Weakness Drives Euro and Yen Higher!In today’s #marketinsights video recording, I talk about EURUSD and USDJPY FX Majors Both major pairs were affected by incoming trade war flows, following China's rather pessimistic view on proceeding with a phase-1 of a potential trade deal. Euro could move towards 1.11 round resistance and yen could push the dollar down near the 108 round support. The above scenarios have validating signals that you can find watching this video! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex
ORBEX: NZDUSD, USDJPY: Traders Taken By Surprise #RBNZ #TrumpIn today’s #marketinsights video recording, I talk about NZDUSD and USDJPY FX Majors Not only markets expected with 80% chance that RBNZ will cut rates which they never got, but the central bank also said that kiwi is expected to be supported in the medium term by the low exchange and interest rates. USDJPY on the other hand, remained somewhat muted as Trump didn't provide any insights on the trade war situation. Despite the dollar's early gains, yen managed to win back some strength following a report that the US is considering imposing tariffs on EU automakers! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex