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GBPUSD HOLDS SUPPORT AT 1.2800 - SIDEWAYS MOVEMENT EXPECTED🔔The pound sterling continues to extend losses with price testing a six-week low on Thursday. The declines came after a brief rebound saw prices stuck near the 1.3000 handles. Failing to break out any higher, GBPUSD reversed direction breaking past the previous lows of 1.2885. The current momentum in GBPUSD could see prices possibly testing the 1.2800 round number support next, followed by the 1.2750 handles. To the upside, the 1.3000 handles will serve as the resistance level for the moment.
by DragonCaptain
2
EURCAD - Trade Idea.EUR/CAD Cup & Handle Formation...! As I am sure you are aware, from the previous posts I've written and I will say it again: longer time frame indicators short time frame movement. I am long term bullish on EUR, since around 1.13 half to 1.14 areas.. By seeing this formation, makes me even bullish, but I want to get in at a cheap price, because that's what will give you the greatest R/R. Now today we have Powell speaking, which could shift the market in either direction. I won't be trading whilst this even occurs, as it could go either way with increasing amount of volatility. Technicians: Bullish formation - Cup and Handle formation - Bullish Flag forming - Keep support areas to keep an eye on Be sure to follow your trading plan, add your own technical analysis indicators. I'd wait for key pull back or break out of the bullish flag forming then pull back then add further risk towards the bullish momentum occurring. Just a trade idea, not a recommendation. All the best, Trade Journal
by Trade_Journal
EURUSD REMAINS STRONG AS USD IS GETTING LOWERED - LINE CHARTThis is the continuation of earlier chart with line graph, daily time frame to check the pair of bigger pictures. We are quoting earlier analysis here. "EURUSD is trading in the upper range but with a strong bullish bias. Weaker USD is supporting the pair and the pair is in strong correlation with the Gold. We can see a retest of 1.4400 and can break the resistance of 1.4400 but the stimulus package can turn Euro Cheap."
Long
by DragonCaptain
2
EURUSD is Bearish in the Support/Resistance Zone to TargetEURO has moved nicely downwards in the channel as USD is surging with better economic data. The Euro has mobilized towards the 1.10 level during the week however then pulled back rather rapidly. Eventually, this is a market that has seen a great deal of unpredictability in this 200 point range, and almost certainly, it will keep on observing more. The 1.08 level is a region that merits focusing on, because of the way that is the start of a significant help "zone" that reaches out down to the 1.0750 level. At last, the clamor should keep on being something of a main consideration in this pair, as there are a great deal of crosscurrents that will keep on pushing the US dollar and the Euro around. On one hand, you have the Federal Reserve doing all that he can to cut down the estimation of the US dollar, yet the European Central Bank is presently in the matter of purchasing corporate obligation too. Past that, there is a ton of disarray with respect to how the European Union gets out somewhat stale development cycle, so focus on that also. I believe that this market has no place to be at any point in the near future, so it keeps on preferring momentary exchanging regardless of anything else. I imagine that the market is probably going to see a great deal of unevenness going ahead, which obviously is run of the mill for the cash pair. That being stated, the market is probably going to see a ton of pleasant momentary arrangements at the extraordinary of the extents, so that is basically how I am playing this market. For a more drawn out term move, I would need to see something rather amazing.
Short
by DragonCaptain
BEARISH MOVE - BEWARE OF REBOND - ZN1! - 30MN - MY IDEASAfter a nice move up, the ZN1! market have seen the formation of some candlesticks announcing the squizz of the buyers. We had some amazing buying entries easy to get and analyse. If we had followed our previous post on the ZN1!, we wouldn't have missed it because the warning was clear on a possible strong break of the lines. Next: - Look at the DOWN at the black line. - If the market rebound on it for a pullback , then we would have to look up at were the wicks reached during the previous session. - Volumes with a strong break of the black line would be announcing a perfect other sell entry or a double up of position already taken earlier.
CBOT:ZN1!Short
by Diallo_Charts_Ideas
BEARISH - LVMH 60MN - IDEAS WHYSuper strong resistance up there at 362.60. Atfer a series of testing the market breaks the uptrend support to end out breaking also the VWAP with strong volumes as a backup. Last volume is the biggest and the tentative of new uptrend signal has been rejected at the VWAP. Coming next: - Most likely a bearish movement targeting first the 328.30 level. -Possibility to go further down. - Otherwise the market could again test the VWAP. Decision will then to be taken after observation of new pullback or break.
MIL:1MCShort
by Diallo_Charts_Ideas
AUDUSD To the downside? Hello Traders, Here we're looking at AUDUSD on the 1 Hour looking for a possible sell coming. I would love your honest thoughts on this setup we might be forming currently. As you can see with the arrows I have two possibilities to look for, both ending up for a longer-term short on the pair. We could see the price move further up to hit that strong resistance and be rejected and see a move to the downside. What I could see happening is being rejected at its current level of 0.62418 and being sent into a small move to the downside to the range of 0.61201 and then making a move to the upside to get rejected on that strong zone around 0.62895. If we see this I expect to see a longer-term move to the downside. What do you guys think?
Short
by loganMullinix
1
CLOSING DAYhey guys, So how can we track gold beyond it being closed, my fundamentals for gold include a strategy i call ''TRADING TREE'' the way the trading tree works is pretty simple, its global news analysis, gold has many links, i like to follow news events, finding multiple sources that can gradually affect the price on gold, with these study's it'll give us a better idea of where the pricing may travel to. We left the week with a gradual increase on our 1 hour time frame, now we will be either predicting higher highs or lower lows. red arrows represent the potential decrease blue arrows represent the potential increase lets have a good trading week !
FX:XAUUSDShort
by JakeBleazard