GBPJPY: Bearish Outlook Explained 🇬🇧🇯🇵
GBPJPY dropped heavily on Friday.
The price violated both a support line of a rising parallel channel
and a horizontal demand zone.
With a high probability, the price will continue falling next week.
Next support - 193.9
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Swingtradingsignals
USDCAD: Massive Breakout is Coming?! 🇺🇸🇨🇦
USDCAD is testing a significant weekly horizontal resistance cluster
based on the highs of 2022/2023/2024.
With the current fundamental sentiment, probabilities
will be high that we will see a breakout attempt of that.
A weekly candle close above will confirm a violation.
It will open a potential for more growth.
Get ready.
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NASDAQ INDEX (US100): Important Breakout
US100 formed a cup & handle pattern and successfully violated
its neckline on a daily.
With a high probability, the broken neckline turns into support now.
We can expect further growth.
Next resistances: 20550 / 20720
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S&P500 INDEX (US500): Bullish Trend Continue
US500 broke and closed above a resistance line of a horizontal
range yesterday on a daily and updated the All-Time High.
It confirms the dominance of the buyers and indicates
a highly probable continuation of the uptrend.
Next resistance - 5850
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USDCHF: Bullish Move After Breakout 🇺🇸🇨🇭
Look at a price action on USDCHF.
The price broke a resistance line of a wide horizontal range on a daily.
After a breakout, the price started a local correctional movement on a 4H.
A bullish flag pattern was formed.
With the opening of a NY session, the market went up and violated
its resistance.
With a high probability, growth will continue now.
Goal - 0.8598
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GBPCAD: Bearish Outlook After News 🇬🇧🇨🇦
GBPCAD may continue falling after a release of US unemployment data.
With a high probability, the price will reach 1.771 level.
As a confirmation, I see a strong bearish reaction to a recently broken
horizontal resistance that turned into support now.
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EURUSD: Your Trading Plan For Next Week Explained 🇪🇺🇺🇸
EURUSD is trading in a long-term bullish trend on a daily.
In September, the price formed a huge ascending triangle formation
- a classic bullish accumulation pattern.
Your strong bullish signal will be a breakout of the underlined resistance
- the neckline of the pattern.
A daily candle close above that will confirm the strength of the buyers
and a bullish trend continuation.
Next goal will be 1.124 then.
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AUDNZD: Strong Bullish Signal?! 🇦🇺🇳🇿
AUDNZD broke and closed above a resistance of a wide horizontal range on a daily.
With a high probability, the broken structure turns into support now.
The pair will most likely continue growing.
Next resistance - 1.097
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EURUSD: Very Bullish Price Action 🇪🇺🇺🇸
The price action on EURUSD remains strongly bullish on a daily time frame.
With 3 consequent higher highs and 2 higher lows, the market is trading in a healthy bullish trend.
I believe that the pair has a good potential to continue growing.
Probabilities are high that the pair will retest the current high - 1.1047 soon.
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China A50 prints important swing lowThe China 50 row traced over 7% from a high to the June low. But a triple bottom formed at the 12,000 level, just above the 200 day average. A Bullish divergence also formed on the two-period RSI whilst the triple bottom formed.
On Tuesday we saw clear range expansion to the upside and a daily close above the 200 day exponential moving average. This suggests an important swing low has formed around 12,000.
On the hourly chart, a bullish divergent formed on the 14-period RSI. Resistance was met at the monthly pivot point and RSI became overbought on the daily and hourly chart, and prices now retracing lower. But with a significant low likely forming around 12,000, the prices to buy dips towards 12,100 and target 12,500 near the monthly R1 pivot point.
China A50: Potential swing trade longThe China A50 rose over 20% from it January low to earn its 'technical bull market' status. Yet prices couldn't quite reach 13k before embarking on a -7% retracement over the next four weeks. Yet with it showing early signs of stability above support zones, perhaps a swing low is near - if not in place already.
The daily chart shows a bullish engulfing candle on high volume, which respected the 38.2% Fibonacci level and 12k handle. The engulfing day also closed back above the monthly S1 pivot point.
Bulls could seek dips within the engulfing day's range with a stop beneath its low, or 12k for a more conservative entry. 12.5k or the monthly pivot point make an appealing upside target for bulls.
GBPCAD: Important Breakout 🇬🇧🇨🇦
GBPCAD is trading in a strong bullish trend on a daily.
For the last 2 weeks, the pair was consolidating within a horizontal range on a daily.
With the yesterday's bullish movement, the price successfully violated the resistance of the range.
It confirms the strength of the buyers and indicates a highly probable bullish continuation.
Next resistance - 1.755
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NZDUSD: Important Structure Breakout & Bearish Outlook 🇳🇿🇺🇸
NZDUSD broke and closed below a key daily horizontal structure support,
setting a new lower low lower close.
It is an important bearish signal that opens a potential for a further bearish continuation.
Next support - 0.588
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USDCHF: Important Breakout 🇺🇸🇨🇭
USDCHF broke and closed above a key daily structure resistance.
We see a positive bullish reaction after a retest of a broken structure.
Because the market is trading in a long-term bullish trend,
probabilities will be high that growth will continue.
Next resistance - 0.92
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