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Fxsignal

EURNZD - Price action bottoming out in the short term? EURNZD is Bullish - We look to Buy at 1.7865 ▪️ Continued downward momentum from 1.8263 resulted in the pair posting net daily losses yesterday. ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ We have a 61.8% Fibonacci pullback level of 1.7854 from 1.7601 to 1.8263. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7865, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 1.7795 Target1: 1.8140 Target2: 1.8255
Long
by Signal_Centre
NZDJPY - Limited upside within the bearish channel NZDJPY is Bearish - We look to Sell at 65.40 ▪️ Trading within a Bearish Channel formation. ▪️ We have a 78.6% Fibonacci pullback level of 65.29 from 65.79 to 63.46. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 65.40, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 65.85 Target1: 63.95 Target2: 63.50
Short
by Signal_Centre
GBPJPY - Limited upside expected. GBPJPY is Bearish - We look to Sell at 130.55 ▪️ We have a 61.8% Fibonacci pullback level of 130.60 from 131.41 to 129.30. ▪️ The medium term bias remains bearish. ▪️ Bespoke resistance is located at 130.55. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 130.55, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 130.85 Target1: 129.30 Target2: 129.00
Short
by Signal_Centre
2
EURCHF - Selling rallies within the triangle EURCHF is Bearish - We look to Sell at 1.0522 ▪️ Price continues to trade within the triangle formation. ▪️ The continuation pattern should target levels between 1.0485 & 1.0500. ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ Further downside is expected, however, due to the strong support below we prefer to sell a break of 1.0522, which will confirm the bearish sentiment. ▪️ Expect trading to remain mixed and volatile. Stop: 1.0533 Target1: 1.0485 Target2: 1.0475
Short
by Signal_Centre
NZDJPY - Buying at the trend of higher lows NZDJPY is Bullish - We look to Buy at 64.85 ▪️ Short term momentum is bullish. ▪️ Bespoke support is located at 64.82. ▪️ The trend of higher lows is located at 64.82. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 64.85, resulting in improved risk/reward. Stop: 64.65 Target1: 65.70 Target2: 66.00
Long
by Signal_Centre
CADJPY SHORTIF YOU LOOK AT THE TREND-LINES I HAVE DRAWN INTO THE CHART, YOU WILL REALIZE THAT THIS PAIR HAD BEEN TRADING WITHIN A CHANNEL FOR A WHILE AND FINALLY THAT CHANNEL WAS BROKEN. I AM NOW WATCHING TO SEE IF THIS MOVE UPWARDS WILL CONFIRM THE BREAKOUT BY GIVING US A RETEST AND THEN FORMING ANOTHER BEARISH LEG. CONFIRMATION AND POTENTIAL SETUP REQUIREMENTS: 1. STRONG BEARISH CANDLE TOUCHING (JUST BELOW) THE TREND-LINE THAT IS NOW ACTING AS RESISTANCE 2. SELL STOP BELOW THAT CANDLE 3. TIGHT STOP ABOVE THE FIRST REQUIRED BEARISH CANDLE
by billionare_mo