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Fxsignals

NZDUSD Ascending Triangle Possible BreakHi Traders! An ascending triangle is forming on the NZDUSD 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 bullish due to the market swings; the lows and highs are starting to get higher, and additionally, the market has broken and closed above the 20 EMA. As long as the market is still above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible third attempt at the trendline resistance. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance: 0.61489 Support: 0.61186 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
EURCHF: Potential Pullback Trade Explained 🇪🇺🇨🇭 EURCHF is currently consolidation within a strong horizontal support. To buy the pair with a confirmation, wait for a bullish breakout of a resistance of the range on a 4H time frame. 4H candle close above 0.9362 will confirm a violation. A bullish continuation will be expected at least to 0.9385 then. If the price sets a new lower low, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
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
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
EURGBP Buy/LongEURGBP looks like a buy/long from here touching the main support trendline and seems to be ready for a full reversal for the next few weeks. I advise proper risk management with proper risk/reward size you are seeking. I have posted below the inputs for entry, TP, and SL numbers. I will continue to update and start providing full breakdown analysis on these trades. EURGBP Buy/Long ENTRY: 0.85820 TAKE PROFIT: TP 1: 0.87096 SL: 0.85574 Please use proper risk management upon entering this trade.
Long
by KingTraderFX
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
GBPCAD Sell Trade Idea , GBPCAD Short trade idea. GBPCAD Sell Trade Idea The major resistance point of 1.71000 has already been tested by the market, and we will now see clear changes in case we find some price rejections over their major point of 1.7100-1.7123. Trade Setup Idea: GBPCAD Selling Zone: 1.7100-1.7123 Stop Loss: 1.71311 Take Profit1: 1.7068 Take Profit2: 1.7050 Take Profit3: 1.7020 Take Profit4: 1.6990 Note: Please follow the money management plan and risk-reward ratio. Must follow the price rejections and price movements of the pound index.
Short
by Bloom_Forex_Official
1
GBPUSD Pullback From NFP HighHi Traders! GBPUSD looks to have formed a range zone as it has tested the NFP high at 1.27712 and has failed to break above the high. Here are the details: After the NFP release, there was a strong bull rally to the 1.27712 level, but it was quickly rejected, as you can see with the large upside price wick. The market recently tested this level, and the resistance is still there. We are looking for the market to pullback towards areas around 1.26734, and below that, we have range zone support at 1.26116. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.27712 Support: 1.26116 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
GBPJPY: Top-Down Analysis & Nice Short 🇬🇧🇯🇵 GBPJPY is trading within a wide horizontal range on a daily. The price is currently testing its resistance. On an hourly time frame, we can see how the pair was weakening after it started to approach the underlined blue area. After a strong bullish impulse, the price formed a rising channel. Test of structure triggered a strong bearish reaction and the price violated the support of the channel. For me, it is a strong bearish confirmation. I expect a bearish movement to 182.5 level now. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
EUR/USD Eyes 1.1200: Technical Momentum Fueled by Dovish Fed ExpEUR/USD Eyes 1.1200: Technical Momentum Fueled by Dovish Fed Expectations In a striking ascent, the EUR/USD pair is surging towards the major resistance at the 1.1150 level, signaling a bullish momentum that aims to breach the psychological threshold of 1.1200. The Euro (EUR) maintains its winning streak, gaining ground against the subdued US Dollar (USD). This favorable trend is largely attributed to the anticipated dovish stance of the US Federal Reserve (Fed) concerning the future trajectory of interest rates. Dovish Fed Expectations: Building on our previous analysis, the EUR's upward trajectory appears to be continuing, supported by a combination of factors. The market sentiment is influenced by the expectation that the Federal Reserve (Fed) may adopt a dovish stance on interest rates in the coming year. With US yields trending lower and market participants anticipating rate cuts, the US Dollar faces headwinds. Concurrently, equity prices remain near recent highs, contributing to the sustained pressure on the US Dollar, particularly in the context of holiday-thinned trading. Upcoming Data and Holiday Impact: Amid the holiday season, Wednesday saw no significant reports, setting the stage for Thursday's focus on the US weekly Jobless Claims. Additionally, attention will be directed towards Spain's preliminary inflation figures for December, set to be released on Friday. Looking Ahead: As the year 2023 draws to a close, the calm waters in the market continue to weigh on the US Dollar, offering further support to the EUR/USD pair's upward momentum. However, as markets transition back to normal functioning in the upcoming week, the focus will shift to crucial US employment data. The outcome of these economic indicators could potentially shape the currency landscape as the new year unfolds. The EUR/USD pair's bullish trajectory towards 1.1200 is a testament to the prevailing market sentiment, driven by expectations of a dovish Federal Reserve. As the year concludes, the subdued US Dollar faces challenges, with the EUR maintaining its winning streak. Traders and investors will closely monitor upcoming economic data and the return to normal market conditions in the new year, as they seek to navigate the evolving dynamics of the currency markets. Our preference Long positions above 1.09500 with targets at 1.1150 & 1.1200 in extension.
Long
by FOREXN1
5
EURUSD Double Top OpportunityHi Traders! EURUSD is forming a potential double-top pattern, and there is great risk-reward potential for shorting opportunities near the resistance. Here are the details: The market tested the previous month's high of 1.10173, but the bears are holding very strongly around this level, which has currently formed a double-top pattern on the chart. Preferred Direction: Sell Entry Level: 1.09960 Stop Level: 0.65089 Target Level: 1.10771 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
4