Priceactiontrading
NZDJPY: One More Setup to Trade 🇳🇿🇯🇵
Update for NZDJPY.
The price has nicely respected a resistance that we spotted yesterday.
The price formed a double top pattern on 4H testing that.
Its neckline has been just broken.
The pair will keep falling to 83.68 / 83.11
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AUDJPY: One More Bearish Setup 🇦🇺🇯🇵
AUDJPY reached a key daily resistance yesterday.
The price formed a descending triangle formation on 1H time frame approaching that.
Its neckline was broken then.
I think that the pair will drop lower soon.
Goals: 91.06 / 90.7
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DXY DUMPAll HTF from Weekly To Daily are Down trending
Price on the H4 and is ranging and i assume its all manipulation. Bonds are making a pullback due to interest rate hikes. but none the less price is still very very bearish. Even the USDJPY is on a pull back this confirms that the market is now risk on as Beta Currencies are taking a Dive too.
CADCHF: Potential Pullback Trade Explained 🇨🇦🇨🇭
CADCHF is approaching a key level.
To catch a pullback from that, watch a triple bottom formation on 1H.
0.679 - 0.6796 is its horizontal neckline.
Your confirmation will be its bullish breakout (hourly candle close above).
Then buy aggressively or on a retest.
Targets: 0.681 / 0.6822
If the price sets a new low, the setup will be invalid.
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NZDCAD: Time to Buy 🇳🇿🇨🇦
Update for NZDCAD.
Yesterday, we spotted a confirmed breakout of a key horizontal structure
and we underlined a zone from where we should look for buying opportunities.
Testing the underlined zone, the price formed an inverted head & shoulders pattern this night.
Its neckline was broken.
I expect a bullish continuation now to 0.866 / 0.86975
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Nikkei 225 Index (NI225): Classic Bullish Reversal
It looks like Nikkei is finally ready to start a correctional movement.
After a text of a key daily structure support, the price formed a double bottom and head & shoulders pattern.
Their neckline was broken with a high momentum bullish candle yesterday.
Bullish pressure will continue.
Goals: 27270 / 28050
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AUDUSD: Important Breakout 🇦🇺🇺🇸
Update for AUDUSD.
The price has successfully broken and closed below a support line of a rising wedge pattern on 4H.
Now, the pair attempts to retest that.
Probabilities are high that the market will drop soon.
Goals: 0.6923 / 0.6888
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AUDUSD: Technical Outlook & Trading Plan 🇦🇺🇺🇸
AUDUSD is approaching a key daily structure resistance.
To catch a pullback from that, watch a 4H time frame.
I spotted a rising wedge pattern there.
Wait for a bearish breakout of its support (4h candle close below).
It will most likely initiate a correctional movement.
Goals will be 0.6925 / 0.6888
Alternatively, a bullish breakout of the underlined blue zone will push the market higher.
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DOLLAR INDEX (DXY) What to Look At Next Week 💵
Dollar Index dropped sharply this week.
The price reached a key daily rising trend line.
Probabilities will be high to see a pullback from that.
Your confirmation will be a bullish breakout of a falling wedge pattern on a 4H time frame.
Patiently wait for a violation, a bullish movement will be expected to 102.9 then.
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AGIX Long Term PredictionLooking at the daily chart of AGIX/USDT, the AGIX price was swinging from $0.04308 to $0.1207 within the past 30 days after going to its lowest of the month at $0.04308. Bouncing back from the support level, AGIX is now trading inside a bearish pennant. If AGIX tends to break out the upper trendline of the pennant, traders can take the long entry and hodl AGIX.
Meanwhile, our long-term AGIX price prediction for 2023 is bullish if it cannot break the support level. We can expect AGIX to reach $0.5395 this year.
It might be breaking its $0.14036 resistance 1 level and increasing to $0.16003.
If AGIX cannot break the $0.14036 resistance 1 level, the bears may seize control and dethrone AGIX to a downtrend stance. In simple terms, the price of AGIX might fall to almost $0.03714, indicating a negative signal from the previous support level.
CADJPY: a SHORT TERM BUYHello, everybody and welcome to BIGPAPA Forex, today we are going to be analyzing the CADJPY pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities
XAUUSD - Price Action - Today's Key Zones - NY SessionToday's potential trades for #XAUUSD
📈Potential Buys on close above 1879.555
📉Potential Sells on close below 1869.500
Both buys and sells are looking good today, if we can break out of this current zone.
For buys, price hasn't broke above this resistance since May 2022! If we get a break above and enough volume we have a very clean area for the price to run bullish up until around 1890.240, for around 80pips.
For sells, as you can see on the chart we have a nice clean area to the left where price can give us a bearish run, especially if we can get a clean closure and some volume below 1860,660.
Happy trading all and good luck!
Dollar Index (DXY): Is That a Bearish Setup 💲
Hey traders,
Dollar index is approaching a key structure.
The price formed a descending triangle on that on a daily time frame.
Wait for its neckline bearish breakout.
It will most likely push the index lower.
Daily candle close below 103.4 will confirm the breakout.
Alternatively, a bullish violation of a trend line may push the price higher.
Good luck!
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USDJPY D Chart PA - Targets and AOIsSo we keep going UP on the D UJ chart. I have marked some D AOI (area of interest) and STT (Short term target) above. Currently I see an area of interest above at the 4280-4300 area. Bull protection IMO is at the prev sell block attempt/failure marked and further at the important block lower. Both areas marked. For this week, I expect a continued charge toward target noted above. Lets see how the week moves after holiday. Expect nothing on Monday due to US Holiday. Pattern/ PA - we have a nice break of Spike and channel TL with new high in place.. by that analysis we can begin to head lower anytime. There are other TF reasons I am personally looking for that higher target.. we will see
Happy trading! -- ;) Doc