NZDCAD: Your Trading Plan For Today 🇳🇿🇨🇦
NZDCAD is currently approaching a peculiar zone based on a key horizontal
support and a solid rising trend line on a daily.
Your confirmation to buy will on an hourly time frame.
0.8285 is the neckline of a double bottom formation.
We will need an hourly candle close above that to confirm the strength of bulls.
We can buy the pair then anticipating a bullish movement at least to 0.831
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Fxsignals
GBPAUD: Bullish Continuation 🇬🇧🇦🇺
GBPAUD violated a solid horizontal supply zone.
After its retest, the price formed a cup & handle formation on an hourly time frame.
Bullish violation of its neckline confirms the significance of the broken structure.
We can anticipate a growth on the pair at least to 1.9464
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AUDJPY: Bullish Trend Continuation?! 🇦🇺🇯🇵
AUDJPY is trading in a bullish trend.
After setting a new higher high, the price formed a symmetrical triangle formation
on an hourly time frame.
Its bullish violation is a strong trend-following signal.
I expect a growth to 98.24 / 98.4
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AUDUSD Targeting Double Top ResistanceHi Traders!
AUDUSD looks bullish as it targets the double top resistance on the 4H chart.
Here are the details:
Since breaking and closing above the 20 EMA, the price action has been aggressively bullish, and the market is now in an ascending price channel and is near the double top resistance at 0.65430.
The plan here is to buy market dips at retracement levels to target 0.65430.
Preferred Direction: Buy
Resistance: 0.65430
Support 1: 0.64804
Support 2: 0.64428
Technical Indicators: 20 EMA
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Trade safely and responsibly.
BluetonaFX
USDJPY Approaching 150Hi Traders!
USDJPY is near the psychological 150.000 level, and it looks to possibly re-test its 3-month high at 151.911.
Here are the details:
Looking at the price action, it looks bullish; the bull flag, along with the previous yearly high, has broken. The next big test is as the market approaches the 150 handle. There may be some strong resistance here, as this is the first time this year the market is approaching the 150 handle.
As long as the market is still above the 20 EMA, our view will remain bullish. The plan here is to monitor the price action near 150; if there is a momentum break and a close above 150, then 151. 911 is the next big target.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance 1: 150.000
Resistance 2: 151.911
Support: 148.808
Please make sure to click on the like/boost button, 🚀as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
AUDUSD Bear Flag PatternHi Traders!
There is a bear flag pattern developing on the AUDUSD 3H chart.
Here are the details:
The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still below the 20 EMA, which is a bearish signal. As long as the market remains below the EMA and flag channel resistance, we will remain bearish on this pair.
Preferred Direction: Sell
Resistance (FLAG CHANNEL): 0.65435
Support (FLAG CHANNEL): 0.64856
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDJPY The Dollar Looks UnstoppableHi Traders!
USDJPY looks to be targeting the 150.000 psychological level long-term, as the US dollar currently looks unstoppable. The market is also about to break its bull flag formation.
Here are the details:
After consolidation in the bull flag pattern, we have now had huge bullish momentum, and the next target is the current yearly high at 148.808.
The fundamental news also supports our bullish view. Earlier today, the NFP announcement came in at a staggering 353K, which was surprising and much better than the expected forecast of 187K. Traders will read this as massive strength for the US dollar.
We are now looking for a break and a close above the yearly high at 148.808.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
EURAUD: Classic Bullish Pattern 🇪🇺 🇦🇺
EURAUD has recently approached a key horizontal support.
After its test, the price broke and closed above a resistance line
of a bullish flag pattern on a 4H time frame.
We can anticipate a further growth on the pair.
Goals: 1.6565 / 1.6607
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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
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.
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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
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.
EURAUD: Time to Buy?! 🇪🇺 🇦🇺
EURAUD is testing a confluence zone based on a horizontal intraday support and a rising trend line.
As a confirmation, the price formed a double bottom formation and violated its neckline.
We can expect a bullish movement now.
Goals: 1.6527 / 1.656
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EURCAD: Bullish Outlook Explained 🇪🇺🇨🇦
EURCAD is testing a solid daily horizontal support.
Approaching that, the price formed an inverted head and shoulders pattern.
Its neckline was broken during the NY session on Friday.
It indicates a highly probable bullish movement from the underlined green area.
Goals: 1.467 / 1.4715
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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
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
USDCAD Sell/ShortUSDCAD on daily has shown that within the channel trade it will begin to reverse and has confirmed a rejection point. We should see a further sell off from here on out. Below is the trade analysis please be advised that we urge proper risk management for the safety of your margin accounts. Thank you.
USDCAD Sell/Short
ENTRY: 1.34809
TAKE PROFIT:
TP 1: 1.32896
TP 2: 1.31110
SL: 1.35614
Please use proper risk management upon entering this trade.
EURUSD sell/short EURUSD looks like a short fall from here after breaking trend on the channel trade in these last few days. It does seem to be in a continuous downtrend pattern and does not seem like it will be stopping anytime soon. I suggest a short from 1.08679 all the way down to 1.05703 for a long term profit close. Please take proper risk management upon entering the trade.
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.
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