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USDCHF Daily Analysis 2/1/20Usdchf Short Idea Most of the timeframes have been very bearish. Currently we are seeing price action make a strong push to the downside after news at the end of last week. At market open we are going to see what price action does. Will it bounce from this minor support or will price action push lower. If price action bounces it’s very possible to see this minor range fill a bit more. Look for a test of 0.97750 If price action continues with bearish momentum look for small retests to enter on, or wait for a more confirmed prz level
Short
by ForexLeague
NZDCAD Daily Analysis 2/1/20NZDCAD Short Idea The Monthly and daily timeframes are both bullish while the weekly and 4 hour are bearish. Currently we are seeing more bearish potential from the current zone. We saw strong rejection at our monthly resistance around 0.87000 and failure to push higher. Now we have spotted the start of a transition and are now looking for more confirmations. A nice retest to the 61.8% fib area would be perfect with some confluence and bearish setups. We’re looking to target lower toward our weekly support around 0.83750
Short
by ForexLeague
2
AUDJPY Daily Analysis 2/1/20AUDJPY Short Idea After analyzing AJ we have noticed all relative timeframes are very bearish Huge bearish momentum pushed price action out of a weekly bearish flag To enter short on this opportunity we ideally want to see a retest to a fib level or major broken support turned resistance. The 73.600 area has strong significance and could present a nice retest followed by strong bearish setups that we could capitalize on. The target for this potential trade would be our weekly support around 70.000
Short
by ForexLeague
2
AUDUSD Daily Analysis 1/19/20AUDUSD Short Idea The monthly, weekly and 4 hour time frames are all bearish while the daily is bullish. Although the daily is bullish we have seen significant resistance around our monthly level at 0.70000 and price action looks to be forming a head and shoulders pattern. For the head and shoulder pattern to be confirmed we need to see a break of 0.68500 We can then look to target toward our next major support level around 0.68000 followed by 0.67000
Short
by ForexLeague
DXY (USD INDEX) Daily Analysis 1/19/20DXY Long Idea The monthly, weekly and 4 hour are all bullush while the daily time frame is bearish. We can see price action has been forming lower lows and lower highs on this timeframe but has found some support around 96.50 We are looking for bullish opportunities as the major trend suggests an upward movement to come. We first need to see a break and retest of 97.80 to confirm a higher timeframe bullish continuation. Potential for price action to reach 98.50
TVC:DXYLong
by ForexLeague
AUDJPY 4hour Analysis 1/11/20AUDJPY Long Idea Higher timeframes are all very bearish except the daily. On the daily timeframe we can see that AJ has been in a bullish trend since October much like AU We recently saw a fake out which formed the last higher low and price action has maintained this daily channel Now we are looking for a retest of broken resistance around 75.200 followed by some strong bullish setups. We’re looking to target toward our monthly resistance around 77.000
Long
by ForexLeague
AUDUSD 4hour Analysis 1/11/20 AUDUSD Long Idea The monthly & weekly timeframes are very bearish, however, the daily timeframe has been in a bullish trend since October 2019 Recently we have seen the 88.6% fib level tested followed by a confirmed higher low Sticking with the daily bullish trend we would like to see a retest of minor broken resistance around 0.68800 followed by strong bullish setups We would then look to enter long and target back toward our 0% around 0.70200 If we see a fail to push higher it is likely price action will test the supporting daily trend line
Long
by ForexLeague
DXY Daily Analysis 1/11/20 DXY Short Idea DXY remains very bearish on higher timeframes but we have been seeing deep fib retracements in this area. If price action confirms this daily lower high we would be seeing large bearish movement If price action is to turn bullish we still want to see a break and retest of resistance at 97.75 Trade the trend! Until we see that transition happen we will continue to look for bearish setups on the daily and 4hour timeframes. Potential for DXY to drop to 96.00 if this daily bearish trend is confirmed
TVC:DXYShort
by ForexLeague