Get started

Multitimeframeanalysis

GOLD (XAU/USD): detailed multi-timeframe chart breakdown Let's take a look at the chart of GOLD on different timeframes and make a detailed chart analysis of it! As it can be noticed from the WEEKLY timeframe perspective, the price has nicely rejected the zone of previous resistance later turned support that lines up with the ascending trend-line illustrated on the chart. This means that the price has successfully retested the area of the previous Higher High and is now on its way to form a new Higher Low. Zooming into the DAILY timeframe chart, we can see that the area of $1918 serves as a crucial zone of resistance, which means the price is most likely to visit that particular zone in the short-run. Lastly, the H8 chart show us that the price is currently at the doors of the Previous Lower Low and it has printed some nice bullish reversal candlestick patterns. Thus, if the price manages to break above the local zone of resistance and re-test it, we can expect for the price to keep rising till the area illustrated on the graph.
OANDA:XAUUSDLong
by Investroy
11
CADCHF Watching For A Buy TradeHey Purpose Trade I pray all is well with you today. Let's talk about CADCHF. CADCHF is creating higher highs and lows on the daily timeframe. I do not want to sell against this trend on the daily timeframe so I am anticipating a buy as long as price can stay above 0.74733. No sells are in my view on this pair. My next Take Profit will be back up to daily highs and beyond. This will be a short term swing trade I will hold for a few days. Thank you for taking the time to read my analysis. If you have questions or care to comment feel free to do so. Please be kind as kindness is free and good for the heart. Safe trading this week. ----------------------- Beware of scammers impersonating me. I will never contact you first on my official platforms to sell you anything. Nor do I ask for you to open an account and deposit money for me to trade. I am an educational educator only.
Long
by ShaquanLopez
GBPNZD Trade Set up round 2Hey Traders, The absolute classic set up here on GBPNZD. If you remember our trade idea last week, maybe two weeks ago, the trade we took on this pair, you would recognize the similarities that we have here. We've had a double break of structure and now we're waiting on a pull back into the demand area of that second breaking structure. The original idea we caught on the one hour chart earlier in this picture, we are looking at replicating this idea and catching it on the four hour chart. I have linked the previous idea below, So go check that out and you can see exactly how it's pretty much the same setup, just a different time frame and also how that trade played out. Keep an eye on this pair. There is a little bit of news coming out later in the week, but nothing too damning. It'll be interesting to see if the pound can pull back into this demand area and then shoot us forward into the future. Let me know your comments in your analysis and whether or not you're going to be looking at this pair in the future to see what it can do. Can we get a bit of pound strength coming in over the next couple months?
Long
by the5erstrading
9