CADCHF: Structure Short With Confirmation 🇨🇦🇨🇭
CADCHF reached a peculiar confluence zone.
We see a perfect match between a horizontal daily structure resistance,
618/05 retracements of the last two bearish impulses.
As a confirmation, I spotted a double top formation on hourly time frame with a neckline breakout.
Now the pair will go lower.
Goals:
0.7265
0.725
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Fxsignals
GOLD possible buy signal!!Hello traders, Gold has bounced just from Monthly resistance and has created and bullish engulfing pattern on a daily. As the monthly support @ 1759.00, a buy trade opportunity arises from 1777.21 by pending order and may be targeted @ 1826.00 as this is the nearest resistance as well as 61.8% Fib level.
The price is likely to reach with either bull or bears are control. If the bulls are in control, this level is likely to break, if the bears are in control, then this level should reach for a possible retracement up to 61.8% fib
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USDJPY💲Corrective reduction❗USD / JPY four-hour chart. The currency pair continued to move up, but now the price is at the levels of the upper border of the horizontal channel in which the price has been for a very long time. Therefore, from the current levels, we are waiting for the development of a corrective movement in the direction of the four-hour supertrend line. ...
Trading solutions: sell 114.25 take profit 113.80
Have a nice trade!
GBPJPY H1 - Corrective MoveGBPJPY H1
This is what we should be looking for on the lower timeframe front, we are simply moving from left to right with a circa 85 pip range, we could measure trades from support to resistance, but ideally not resistance to support, as we are ultimately expecting a bullish break to see out some corrective moves due from last week.
GOLD - DAY TRADE VIEWGOLD - As per the price action, trend lines , & technical indicators gold is expected to go down from the current price.
My approach will be a sell in the range 1819 - 1822
Potential downside :
Target 1 : 1810
Target 2 : 1800
Target 3 : 1795
Maintain stop loss around 1830
Trade as per your risk appetite, I will be glad to see your likes & comment.
GBPUSD❗Go down??💲Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to raise the price of the British Pound against the US Dollar and test the resistance area near the level of 1.3735. Where can we expect a rebound again and a continuation of the fall in quotations of the British Pound against the US Dollar. The target of the fall of the pair, in the framework of the Forex forecast for October 15, 2021, is the area at the level of 1.3355.
Have a nice trade!
EURUSD📈Short❗EUR/USD
A signal in favor of falling EUR / USD quotes will be a rebound from the central border of the descending channel. The second signal will be a rebound from the trend line on the relative strength index (RSI). Cancellation of the option of falling quotations of the Dollar currency pair will be a strong growth and a breakdown at the level of 1.1745. This will indicate a breakdown of the central border of the channel and a continuation of the rise in the area at the level of 1.1995. Waiting for confirmation of a fall in the EUR / USD currency pair is a breakdown of the support level and closing prices below 1.1465.
Have a nice trade!
USDCHF💲Retest resistance line!USD / CHF Forecast implies an attempt to test the resistance area near the level of 0.9285. Further, the continuation of the fall of the USD / CHF currency pair with a target below the level of 0.9105. An additional signal in favor of reducing the dollar / franc pair will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 0.9405 area. This will indicate a breakdown of the resistance level and a continued rise in the pair with a potential target above the level of 0.9605.
Have a nice trade!
XAUUSD❗What will happen next📈The GOLD Price Forecast for October 8, 2021 assumes an attempt to test the support area near the level of 1745. Further, the growth of quotations with a target above the level of 1815 will continue. support and cancellation of the model. In this case, we should expect the GOLD price to continue to decline with a potential target below the level of 1675.
Have a nice trade!
USDJPY💲Support level📈The forecast for October 8, 2021 suggests an attempt to test the support area near the 110.65 level. Then, the continued growth of quotations to the area above the level of 112.85. A test of the trend line on the relative strength index (RSI) will be in favor of raising the pair. Cancellation of the growth option will be a fall and a breakdown of the 110.35 area. This will indicate a breakdown of the support level and a continued fall in the pair with a potential target below 108.65.
Have a nice trade!!
EURUSD📈Resistance level ❗EUR / USD forecast Euro Dollar October 8, 2021 suggests the development of a correction and a test of the resistance area near the level of 1.1585. Where can we expect a rebound and an attempt to drop the pair to an area below the level of 1.1365. A test of the trend line on the relative strength index (RSI) will be in favor of reducing the currency pair. Cancellation of the EUR / USD pair fall option will be a strong growth in quotations and a breakdown at the level of 1.1665. This will indicate a breakdown of the resistance area and a continuation of the rise of the currency pair on Forex to the area above the level of 1.1975.
Have a nice trade!
AUDCAD - TRADE ANALYSISAUDCAD - On a bigger time frame it's trying to form a support zone and chances of reversal is there as per the chart patterns.
My approach will be a buy here at current price 0.91700
Potential upside target is mentioned in the chart as well, The figures are ;
Traget 1 : 0.92350
Traget 2 : 0.92950
Maintain stop loss around 0.91100
Follow the levels as mentioned above. Good luck :)
EURUSD - TRADE ANALYSIS EURUSD - Looking good on hourly candles reversing back from the support zone .
My approach should be a buy here at current price 1.15880
Maintain stop loss around 1.15150
Potential upside target 1.16700 - 1.17250
Follow the levels as mentioned on the chart and written here in the description.
Traders hit the like button to spread the positivity :)
GOLD - TRADE ANALYSIS GOLD - As per the price action, trend lines , & technical indicators gold is expected to go down from the current price.
My approach will be a sell in the range 1759 - 1761
Potential downside :
Target 1 : 1753
Target 2 : 1749
Target 3 : 1743
Maintain stop loss around 1769
Trade as per your risk appetite, I will be glad to see your likes & comment.
EURUSD - DAY TRADE VIEWEURUSD - Looking good on hourly candles reversing back from the support zone .
My approach should be a buy here at current price 1.16050
Maintain stop loss around 1.15400
Potential upside target 1.16700 - 1.17400
Follow the levels as mentioned on the chart and written here in the description.
Traders hit the like button to spread the positivity :)