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Ongoing Range above Key level 🎴We can observe the Ongoing Range above our Key Level ( Weekly Level 1.066 ) Monday Asian Session -> Bearish Monday London Session -> Bearish Monday NY Session -> Bullish Tuesday Asian Session -> Range, and at best slightly Bullish Tuesday London Session -> Bearish Tuesday NY Session -> Bullish Both London Session's this week have been Bearish thus far. As we approach unemployment claims data on Thursday NY Session, I can observe a Bullish London Session and increase overall on Eurusd until then. Price is not quite having the effect it once had when we initially dipped into our Weekly level last week 1.06636. The reactions off the Weekly level are becoming smaller and less pronounced. We are still holding steady however and price has not dipped below our weekly level since the initial touch. Short Sellers are happy that the Daily candle is closing bearish and they would prefer a close below Daily support at 1.06885. Buyers are happy that the decrease over the last 4 weeks on Eurusd has come to a halt as the Daily timeframe ranges above our weekly level through 1 week and 2 days into the next week. The manufacturing data yesterday was bullish for Eurusd and caused an increase in the price. Consequently, this increase was corrected down to the price of EU prior to any manufacturing data. However, NY session has been bullish for the 2nd day in a row as EU holds steady above our weekly key level. Today I had a very good trading day taking buys at lower prices near what was a 1Hr Zone at the time 1.067. The Level has since turned into a 4Hr Zone as New York has successfully rejected those lower prices.
Long
by ShrewdCatfx
2
Will USDCHFs bearish momentum continue?USDCHF - 24h expiry Broken out of the channel formation to the downside. A break of the recent low at 0.9035 should result in a further move lower. The bearish engulfing candle on the 4-hour chart is negative for sentiment. We look for losses to be extended today. The primary trend remains bearish. We look to Sell a break of 0.9028 (stop at 0.9057) Our profit targets will be 0.8972 and 0.8962 Resistance: 0.9100 / 0.9120 / 0.9140 Support: 0.9086 / 0.9063 / 0.9050 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
NZDUSD STRONG DOLALR DUE TO SENTIMENT FEDOn NZDUSD, we have a bearish setup around 0.6048, with the price touching a trendline three times. Currently, the price is within an imbalance zone after yesterday's strengthening of the dollar. The expectation is to wait for the price to reach 0.5970 for the potential creation of a long pattern, with the AUD recovering all the lost liquidity in recent days. However, everyone is waiting for the upcoming FED meeting next week, and the markets are currently showing very little movement. What are your expectations? Happy trading to all. Nicola, CEO of Forex48 Trading Academy. ❤️ Support our work with a simple Like ❤️
Short
by Forex48_TradingAcademy
HPQ to find buyers at trend of higher lows?HP Inc - 30d expiry - We look to Buy at 28.36 (stop at 27.16) Price action has formed a bullish ascending triangle formation. The sequence for trading is higher highs and lows. Trend line support is located at 28.30. Previous resistance at 28.50 now becomes support. A lower correction is expected. We look to buy dips. Our profit targets will be 31.36 and 31.86 Resistance: 30.50 / 31.47 / 32.00 Support: 30.00 / 29.20 / 28.30 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:HPQLong
by VantageMarkets
EURUSD SHORT SETUP BEFORE FED NEWSOn EURUSD, a bearish trend can be observed, with the price retracing to the 50% Fibonacci level and then bouncing three times on a downtrend line, indicating clear short signals. Currently, the price is situated between a supply and a demand zone at the 1.0675 level, with volumes favoring sellers. Therefore, the objective is a short trade with a target of 1.055. It is worth noting that the short position will be confirmed by an initial break below the 1.0635 level. What is your perspective? Happy trading to everyone. Nicola, CEO of forex48 trading academy.
Short
by Forex48_TradingAcademy
BTCUSD BEARISH SETUP AFTER RUMORSOn BTCUSD, we have a bullish setup around 27,000, a price level that has bounced three times on a bearish trendline, touching a supply zone before starting the descent. Currently, the price is ranging within a bearish channel and it could drop to break it, bounce at the exit, and continue the descent towards the 22,000 area, where there is a validated demand zone with spikes. I also want to hear your thoughts on the rumors about Binance and Coinbase. Let me know what you think. Happy trading to everyone.
BINANCE:BTCUSDShort
by Forex48_TradingAcademy
2