Get started

Longusd

XPDUSD - Palladium Surplus?Analysis: When we take a look at the technicals we can see that price is in a downwards trend. We're seeing lows get broken showing us the bearish momentum. Price has recently broken below a key level of previous support which we now expect will hold as resistance. We don't really have any other added confluences to this setup like a trendline or fib retracement levels which is why this isn't one of our favourite setups but still one that we are looking at. To add more clarity to this setup we need to look at the fundamentals. The USD is very strong at the moment and each week we see the USD getting stronger so this isn't something that we want to be going against. One of the main uses of palladium is for catalytic converters in car exhaust systems but with EV cars taking over the market we're starting to see less demand for palladium and it seems like there could be a surplus of palladium which would push price down further. With all of the confluences factors that we have we see price continuing its downwards trend that it is in. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
OANDA:XPDUSDShort
by jpeacockfx
22
USDCAD Buy Opportunity- I am expecting some bullish pressure of the USD this week. - Price may may a final bearish push that may create a bearish reversal pattern, testing the below area of support - From there price will test the previous area of support which created the above head and shoulder (or triple top) before it broke below. -This move is just a retracement to test that area before possibly dropping lower. -Looking for price to test the 1.35 area. Please, like or comment your idea/analysis !
Long
by NoCeilingsTrading
USDJPY Multiple-Timeframe AnalysisHere is my Multiple TimeFrame Analysis of USDJPY. If you think otherwise feel free to comment/post your anaylsis. Please Comment, Like, or Follow. Monthly/Weekly -Price has been in an uptrend for 3 consecutive months. -Price then made a pullback and tested/respected the 38.2 fib level. -The next month price formed sort of a bullish pin bar, showing that price is still bullish and looking to make another move to the upside. -The monthly is showing bullish.(But from the looks of things it appears that price may be slowing down, showing slight bearish pressure, I can see price potentially forming a double top on the monthly preparing to drop) Weekly Daily -After the last creation of the higher low (blue eclipse), price made an impulse and formed a high (red eclipse). -Then price retraced and respected the 61.8 fib level, and formed a double bottom pattern. -This shows that price is still bullish. Price respected the fib level and ultimate created a higher low - I am expecting price to make another move to the upside. 4hour 1.) Price ended the day with an indecision candle followed by an inverse hammer. This is a sign some bearish pressure, possibly hinting at a retracement. 2.)After the bearish move, price respected the trend line and formed a double bottom as well as a higher low. The forming of a double bottom after a downtrend serves as a candlestick reversal pattern. This is showing that price is now ready to make it's next impulse. 3.) There also exist a double bottom within a double bottom. Price formed the double bottom then made a bullish impulse. 4.) The way price ended the day, I am expecting a retracement to the green zone. A retracement somewhere within the 50.0-61.8 fib level. 5.) After the retracement to the green zone, I am expecting price to possibly make it's final bullish impulse. If you look to left you will notice the previous high formed a double top and broke the neckline. I am expecting price to make an impulse here and test/meet resistance at this area.
Long
by NoCeilingsTrading
Overall Bearish Outlook EURUSD SHORT 1.) Price is in the monthly/weekly supply zone. Price has had trouble breaking this zone and I think price was just consolidating and gathering momentum to make a bearish push. 2.) Price formed a double top, after an uptrend. A double top formation at the end of an uptrend can signal a potential reversal. 3.) After forming a double top, price then broke the neckline. Once price breaks the neckline of a double top/double bottom formation, it is common to expect price to retrace to the neckline and meet resistance before making another impulse. 4.) I think price will create another impulse to the downside and am looking to take profit near the 50.0 fib level.
Short
by NoCeilingsTrading
USDJPY ANALYSIS After price finally made it's bullish push and breaking out above the resistance trendline, I am expecting price to pullback and test that area, creating a higher low. Price broke out above but ultimately ended up respecting/meeting resistance at the 110.0 major point. Price also retraced and tested the 78.6 fib level then ending it what appears to be a shooting star candlestick (which also shows signs of bearish pressure/reversal potential. Because price formed a HH than the previous, I am expecting price to retrace and then continue it's bullish momentum. But before the retracement I think price will either open up higher or try to make another push and meet resistance and then began it's retrace. Overall I have a bullish bias.
Long
by NoCeilingsTrading
Update on USDCAD LONGTake a look at my original analysis, to see how price has behaved. Price has now completed the Inverse head and shoulder pattern. Price has retraced to the 61.8 fib level. Here is where price found support at that fib level which also correlated with the daily support. Price now began making its bullish move to the upside. I am expecting price to test the monthly/weekly resistance level. I have linked the original analysis to this (check below). Analysis performed on March 28
Long
by NoCeilingsTrading
1
USDCAD READY TO REVERSE? Catch the sell before the push upward.-Price found support at the monthly/weekly support or demand zone and began it's push up. -After an extended push to the upside (or bullish pressure), it appears price is preparing to make a retracement. -Price broke through the daily support level now, I am expecting price to retest this area. -After drawing a Fibonacci, it appears the 50.0 fib level corresponds with the daily support zone. -A respect of this zone and level, is where I will look to enter a buy position and set a SL near or below the 78.6 fib level. -A retracement to his level, will appear to form an inverse head and shoulder formation which is a bullish reversal candlestick pattern formation. -That formation along with the monthly/weekly support zone serves as 2 confirmations of bullish pressure
Short
by NoCeilingsTrading
4
AUDUSD Analysis Monthly/Weekly -Price is clearly in an overall bullish trend. But price appears to have become overextended, after a huge breakout (through the trend line) and has since been consolidating preparing to make a possible pullback/retracement. Daily Price has formed a Head and Shoulders (H&S) formation which is a sign of bearish pressure or a possible move to the downside. Remember on the higher timeframe, price has been consolidating, the H&S formation on the daily is a confirmation that price is ready to drop. I am expecting price to make one more attempt to the upside before making the bearish move to the downside. If you draw a Fibonacci from the beginning of the right shoulder to the blue support level where price reversed, you will notice that I am expecting price to make a final push near the 50.0-61.8 fib levels, which correlates with the area arrows I drew. Here is where I'm expecting to enter a sell position.
Short
by NoCeilingsTrading
1
GBPUSD Analysis 3/21/021 This week I am expecting some volatility in the market due to the fundamentals. On March 22&23 there is US news, where Fed Chair Powell will speak. This news heavily affects interest rates which can possibly make the USD stronger. There is similar news regarding the British pound on the 25th. The higher a country's interest rate, the stronger their currency. A stronger USD will cause a bearish move A stronger GBP may cause a bullish move I am expecting price to try and make one last push to the upside, to gain some momentum for a strong bearish push to the downside. I am looking to enter a sell around the area of 1.39102
Short
by NoCeilingsTrading
AUDUSD: FIBONACCI CLUSTERSA fibonacci cluster indicates potential reversal zones, on any chart, in any market. They are used to anticipate major support/resistance levels. In this chart the cluster is made up by 4 different levels, consisting of: 61.8% retracement (dark red) 78.6% retracement (red) 127.2% extension (golden) 0.618 projection (black) Bearish hidden divergence, in which price forms a lower high while the oscillator is showing higher highs, confirms the short bias. The blue levels show potential support levels. Looks like $ is gaining strength ?? Good luck to all trading AUDUSD
Short
by MikulovicFOREX