EUR/USD likely to fall again!Hey tradomaniacs,
EUR/USD just tested a strong resistance-zone where price could reject from in order to follow the trend.
If risk-off continues it is more likely to see a stronger USD-Dollar and so a suffering EURO.
Only 10% Inflation could push EURO as rate-hikes are getting more likely.. ;-D
What do you think?
Swingsetup
EURCAD: Very Bullish Outlook 🇪🇺🇨🇦
One more breakout that I spotted today is a bullish violation of a horizontal supply zone and a major falling trend line on EURCAD.
Forming a high momentum bullish candle, the market successfully closed above them both.
I think that it will trigger a further bullish continuation.
Next resistances: 1.358 / 1.368
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GBP/USD likely to fall!Hey tradomaniacs,
looks like GU has just re-tested the resistance-zone after fakeout with great momentum to attract ans absorb buyers.
So far a great spot to go short but still risky due to the news from BoE.
Make sure if u short that you manage aggressively!
What do you think?
NZD/USD likely to fall!Hey tradomaniacs,
NZD/USD has re-tested a strong resistance-zone aswell as the current trendline.
Also see how price moves to the previous PoC, which could act as a resistance here.
Overall a great spot to short if we get more risk-off in equities.
Technically its good to wait for a break below the lower resistance-line of the zone to get a g ood confirmation as this would define a fakeout.
Let`s see =)
EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸
A lot of questions about EURUSD.
Here is my latest structure analysis and key levels to watch for you:
Analyzing a monthly time frame, I spotted 0.94 - 0.96 historical support
based on a price action of 2001 and 2002.
On a daily time frame, a bit lower, we have a support line of a major falling parallel channel.
The trend line and a monthly horizontal structure compose a solid demand zone from where the pair may bounce.
Concerning the resistances, I see 0.986 - 0.99 horizontal resistance and a resistance line of a channel.
They compose a supply area.
Consider these structures for pullback / breakout trading.
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USD/CHF likely to move UP!Hey tradomaniacs,
we could see another spike up wit the current re-test which is showing absoprtion in the future-market by sellers (USD/CHF - Buyers).
Don`t get confused as this future-chart shows CHF/USD...
Could be a good one but I`m still cautious due to FOMC this week, so market could be volatile and uncertain.
ASX Trades - AVL Long IdeaDisclaimer: I am a new trader, practicing my analysis and methodology and using these ideas to document and review my progress. All feedback is welcome!
Price has been in a tight consolidation for several weeks now, but has remained above the 200EMA since breaking above it in late July.
A clear base has formed at the 0.041 level during this consolidation period.
Trade idea will be validated by an increase in buying volume, causing a breakout above the consolidation pattern. If price retests and confirms the 0.050 level as support, and RSI is above 50, then I will enter the trade.
Initial stop loss will be below the pattern, and targets will be the previous monthly open prices (the dotted blue lines).
The 9EMA will act as a trailing stop when/if the trade is active.
This is a swing trade, which I will hold for 1-3 weeks depending on the market's movements.
EUR/USD likely to fall!Hey tradomaniacs,
looks like we got trapped buyers in the market means we could see a at least a retracement or a complete drop with the test of the current resistance-zone.
Market has been a little bit tricky due to weird correlations but I will give it a shot and short EU here.
What do you think?
GBP/USD likely to fall!Hey tradomaniacs,
after higher core-inflation than expected the market will probably price in a very hawkish monetary policy by the fed as the black period won`t give any further input regarding plans or eventual changes.
This might oush the USD further to the upside and could cause another fall for GBP/USD.
Technically a good spot to sell, especially of we get another fake-move towards resistance-zone.
AUDCHF: Important Breakout 🇦🇺🇨🇭
AUDCHF broke and closed below a key daily demand area last week.
The broken structure turned into a resistance now.
I will expect a bearish move to 0.6515 level now.
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NZDCHF: Classic Trend-Following Setup 🇳🇿🇨🇭
Hey traders,
NZDCHF is trading in a long-term bearish trend.
After a strong bearish impulse in June, the market started to consolidate within a horizontal trading range.
Its support was finally broken yesterday.
I believe that it will trigger a trend-following move.
Next support - 0.58
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SPX500 about to fall!Hey tradomaniacs,
looks like SPX500 is ready to fall again soon unless news give us any other input.
So far Market-Depth has shown on overshoot with trapped buyers right at resistance.
Another re-test with e.g. SL-Hunt could confirm this setup! Technically a good spot to sell.
Let`s see! =)
AUDUSD: Bearish Outlook For Next Week 🇦🇺🇺🇸
Hey traders,
We have spotted earlier a HUGE head and shoulders pattern on AUDUSD on a daily.
The price broke and closed below its neckline, turning that into a strong resistance.
Now a further decline is expected.
Next goal for sellers - 0.6735
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EUR/USD with another move DOWN!Hey tradomaniacs,
previous breakout of the consolidation could give us a nice opportunity to follow the momentum as soon as structure gets re-tested.
Since EUR/USD gets traded around the parity I`m very cautious with shorts as price could get stabilized and manipulated by the ECB as the reputation of Lagarde & Co is already suffering.
However, technically a good chance if confirmed to trade down to the key-support-zone with a nice Risk-Reward.
AUD/USD Likely to fall!Hey tradomaniacs,
looks like AUD/USD wants to continue with the previous breakout to move down.
Current dissapointment by Jerome Powell saying they won`t ease their monetry policy in the upcoming future caused another risk-off-mood in equities and a strong US-Dollar.
If we see more sell-offs on indicies be ready to short aud/usd - Technically a good spot to sell!
USDJPY: The Long-Term Goal 🇺🇸🇯🇵
This August was very bullish for USDJPY.
The monthly candle closes in just 13 hours, and we see a very cute bullish engulfing candle on the chart.
I want to remind you, traders, that we spotted earlier a confirmed violation of 20 years' high.
We concluded that such a violation will push the pair much higher.
I believe that the next long-term goal for buyers is 146.0 - 147.6 resistance, based on 25 years' high.
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EURCAD: Important Breakout 🇪🇺🇨🇦
EURCAD broke and closed below a key daily structure support.
The broken structure turned into a strong supply area now.
Taking into consideration that the pair is trading in a long-term bearish trend,
that breakout may trigger a bearish trend continuation.
Next support - 1.282
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Mid term swing opportunity in CTI BioPharma (CTIC)Stock had decent drop right after earnings to the lowest channel support line.
Stock is heavily short : 20% of float is short
80% Institutional investors.
nice swing opportunity for a re-bounce to the upper "resistance" channel line.
NASDAQ:CTIC
NZDCAD: Bearish Outlook 🇳🇿🇨🇦
NZDCAD is trading in a global bearish trend.
Setting a new low in July, the market started a correctional movement within a bearish flag pattern.
The price finally broke its support on Friday and closed below that.
I assume that the pair may drop to a current low soon.
Goal - 0.795
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GBPAUD: Bearish Breakout & Bearish Continuation 🇬🇧🇦🇺
Bearish rally on GBPAUD continues.
The price is currently violating a major weekly demand cluster.
If this week's weekly candle closes below the underlined blue zone,
a breakout will be confirmed and a further decline will be expected.
Next support will be 1.69
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