Pivot Points
EURUSD Multi Timeframe Analysis 18.10.202415m Swing, Internal and Fractal Bearish and we are now testing fractal supply. We might get a bearish momentum to kick in from here or price could target deeper levels to mitigate premium supply zone
For shorts it makes sense to follow Bearish order flow.
For longs ideal to wait 4H Internal ( or 15m Swing ) to shift bullish
I have already mentioned couple of times that we could get fake breaks as we are in unmitigated daily demand range now and we already had fake bullish 4H ChoCHs. This could be to target unmitigated supply zones. Wait for strong bullish momentum to play longs.
EUR/GBP Long Opportunity Amid Bearish TrendHello,
Despite the overall bearish trend in OANDA:EURGBP , it presents a solid opportunity for a long position, provided the price holds above the previous low and respects the established support level.
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Decline in EURUSD
Yesterday, as expected, the ECB lowered the interest rate, and EURUSD tested the next support level.
For now, it’s holding above 1,0800 with no potential for new trades.
When you don't have a reason to make a trade, don’t force one—look at other instruments instead.
For buying EUR, consider EURJPY.
For selling EUR, consider EURAUD.
EUR/AUD Testing Support Below 1-Year PivotHello,
FX:EURAUD remains bullish in the long term; however, the price is currently below the 1-year pivot point (PP) and is testing support levels, though the extent of this decline is still somewhat uncertain. At present, the price is expected to drop to around 1.605445 or 1.600245. The initial 1-year support at 1.603541 has, so far, been sufficient to push the price upward temporarily.
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MCD OverboughtNYSE:MCD is overbought….and approaching resistance. I believe we’ll see a bearish rotation soon!
EUR/CHF Eyes Bullish Reversal at 1M PivotHello,
OANDA:EURCHF continues to encourage buyers to maintain long positions. The 1-month pivot point (1M PP) has served as resistance, and additional support tests are likely unless the price breaks and holds above the 1M PP. If that happens, we could see a reversal into bullish territory.
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WTI Rebounds but Bearish Outlook PersistsHello,
BLACKBULL:WTI has gained some upward momentum after rebounding off the 1M pivot point (PP), but the overall outlook remains bearish. It's important to take calculated risks. Currently, the 1M and 1D pivot points have acted as support, and if the 1M PP continues to hold, we could see further upside potential.
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Brent Finds Support, Caution Amid Bearish TrendHello,
BLACKBULL:BRENT appears to have found support at the 1M pivot point and is now heading toward the 1W pivot point. However, caution is warranted as the overall trend for Brent remains bearish. Currently, the price is at a neutral level from a long-term perspective.
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USD/CHF looks set to leap out the gatesUSD/CHF has performed well since its latest rebound from 0.84, a level some analysts suspect prompts the SNB to intervene when prices cross beneath it. but unlike USD/JPY, its rally hasn't stalled near a big round number such as 150 or look overextended.
The daily RSI (14) is confirming the rally and not in the overbought zone. The USD-CHF 2-year spread has accelerated higher ahead of prices to suggest upside pressure could be building for USD/CHF.
And a solid bullish trend is apparent on the 1-hour chart, prices are consolidating above the weekly R1 pivot point and trades around the 20-hour EMA. on balance volume (OBV) is also confirming the bullish trend on the 1-hour chart.
Bulls could seek dips towards the weekly R1 pivot or enter around current levels in anticipation of an upside break of its consolidation. The weekly R1 makes a viable upside target, a break above which brings the R3 into focus around 0.8690.
AUD/JPY looks on the verge of a breakoutAnother strong employment report for Australia helped the Aussie dollar gain traction on Thursday. And with Wall Street stocks remaining supported amid a weak-yen environment, AUD/JPY could be nearing a bullish breakout.
AUD/JPY found support at the 200-day SMA on Wednesday and formed a bullish engulfing candle on Thursday. The 2-year AU-JP yield differential also appears set for another leg higher, which could help AUD/JPY break out of a potential bull flag.
The 102 handle sits near the monthly R1 pivot, making it an interim target. A break above which brings the June low and 103 handle into focus.
- Bulls could seek dips to the 100 handle and target the 102 and 103 handles
- A downside risk for this pair is if we enter a period of risk off
- A break beneath Wednesday's low invalidates the bullish bias
MS
WTI crude hints at cheeky bounce to $72WTI has fallen over 11% in seven days, and the loss of momentum around $70 could appeal to bullish swing traders. We're not looking for anything heroic here given the mixed signals on futures positioning, but it might be able to deliver a cheeky bounce higher over the near term.
MS.
$NTNX grabbing my attentionI normally avoid trading into a gap down open air pockets but this looks to be putting in an island reversal plus head and shoulders bottom.
It broke the neckline and pullback on line volume to test it.
Tight 3 day pivot developed today and held up well.
A SILLYlong setup!A past weekly open/close that has not been respected. A local VAL and a nice hunt for stop loss.
A super sniper entry. position will be max leverage with smallest margin possible
Truly a silly setup!
GER30 Eyes New Highs with Key Support TestsHello,
FX:GER30 continues to impress, reaching new highs with a solid upward trend. We now expect support tests around the 1M PP level. So far, we've seen support at the 1D PP, but it remains to be seen if that will shift moving forward. If the price crosses and holds above 19,643.5565, the next upside target is 19,764.4548. Should it break and hold above 19,764.4548, we could see a move towards 20,127.1495.
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UK100 Primed for Bullish ContinuationHello,
CAPITALCOM:UK100 is poised for further gains, with all factors pointing toward a bullish continuation!
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AUS200 Surges to New High, Key Resistance at 8348.2965./8460.296Hello,
PEPPERSTONE:AUS200 has hit a new 1-year high! We might see some support levels retested, as the 1D pivot point just acted as resistance. Key resistance levels to watch are 8460.733 and 8348.2965.
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US30 Hits New High, Caution AheadHello,
BLACKBULL:US30 has reached another high, but a pullback towards the 1M pivot point is anticipated. Despite this, the majority remains confident that the upward trend will continue. However, caution is advised at this stage!
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S&P 500: Downside Looms if 1D Pivot BreaksHello,
VANTAGE:SP500 At this stage, some downside is expected. The 1-week and 1-month pivot points could be tested, but only if the price first settles below the 1-day pivot point, serving as the initial indicator.
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GBPUSD Ready for a breakthroughHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHF Ready for a breakthroughHello Traders
In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDCAD Trendline Breakout Ready for a Long SellHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
POPCAT up for a liquidity grab into a crash!POPCAT has a very nice liquidity grab possible. A VAH of a local range and if reached, a possible short entry with a good win to los ratio!
