Trade-idea
EUR/NZD on its way down after fake breakoutThese are the types of patterns that send strong reversal signals for a currency pair.
Here we have the EUR/NZD pair with an exhausted up-move that made a fake breakout above the 1.7600 level.
Today, the price started falling down with large momentum combined with a strong triple bearish RSI divergence.
Today's candlestick is also an engulfing candlestick so far, signaling sellers are jumping into the market quite fast.
USDCAD - EDUCATION - 08. SEPT. 2019Welcome to our weekly market Breakdown ( USDCAD )!
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1 HOUR
Very bearish price action and pressure.
4 HOUR
Breaking several lows and bullish price action.
DAILY
Market in pullback phase, good long entries shortly!
OVERALL
Expecting prices to form new weekly lows on monday-tuesday and head back
to average price action forming new wave highs or 50-61.8% Pullback of previous x-a wave.
Will update you as soon as we have some clearer information.
Good luck
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Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Current Bitcoin Bull Pennant and Future topsPeople stay positive, we have multiple outcomes in the short-term but in the long run we are all going to be a little richer!
What I currently see is a bullish pennant that will break on the upside from mid to end of September this year...
Alts, especially ETH will follow and even perform better than Bitcoin at the end of this year and all along 2020 and first half of 2021!
EURUSD - EDUCATION - 24. AUGU. 20191 HOUR
Very strong bullish reaction on friday.
4 HOUR
Bearish waving market with several pullbacks to the upside.
DAILY
Price overbought right now, good short entries and risk reward.
OVERALL
Waiting for a last push to the upside taking out several short holders with stops above
previous week/consolidation zone highs and expecting prices to push back to the downside afterwards.
I will update you about everything, be patient :)
Good luck
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Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Bitcoin August Analysis Part 2Bitcoin Likely to Rise in short to medium Term.
Rising Trend lines and Target on Upper H Median line.
Well Supported around $9000.
Target around $11,000 to 12,000
Even though I am holding BTC long, I am not biased to just say BTC to $20K, although that would be nice.
Prince indicates a nice upward trend overall and we could well see $14-$15K soon.
Comments welcome.
Gold 15 minute Entry for Long Trend continuationHello all - DuncanForex with another trade idea
I don't normally trade this a low a time frame, however with the inside day printed last night and the downwards consolidation trend line just broken on the 5 minute chart
If this 15 minute candle's high is broken - I will be looking to add more positions with a buy stop
Due to the timeframe - I will be only risking 0.5% per trade.
DuncanForex.com is now live
Thanks for looking at my trade idea
Duncan
DAX - Buying dips at the lower end of the channelTrade Idea
Trading within a Bullish Channel formation.
Bespoke support is located at 12435.
Positive overnight flows lead to an expectation of a firm open this morning.
Further upside is expected although we prefer to buy into dips close to the 12435 level.
We look to Buy at 12435
Stop: 12365
Target 1: 12675
Target 2: 12800
Daily market report July 8th 2019
Market highlights
Headline June US employment data beat consensus forecasts with an increase of 224,000 in non-farm payrolls, although other data was slightly weaker than expected.
Bond yields recovered sharply following the data on a shift in Fed expectations, although there was a partial reversal on Monday amid fragile risk conditions.
Equities declined in Asia on Monday amid reduced expectations of aggressive Fed rate cuts
The dollar advanced strongly following the employment release, although it failed to hold its best levels.
The Canadian dollar also pared initial losses from a headline dip in June employment with commodity currencies also recovering some losses.
Gold declined sharply on dollar gains with a dip below $1,400 per ounce before a tentative recovery amid weaker equity markets.
Oil prices were supported by reduced fears over global demand conditions.
GBPAUD - EDUCATION - 23. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Very bullish price action..
4 HOUR
Price forming several HH and HL indicating a bullish pressure pattern.
DAILY
Sideways waving market found resistance now and is slowing down.
OVERALL
Price action is slowing down and found resistance, expecting a last push to the upside forming new H4 Highs
before heading back down to average price movement and psychological support level.
Will update everyone on monday!
Good luck
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Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Swing trade idea - Long BOOSwing trade idea - Long BOO.
I’m took this position first thing this morning after reading the RNS - Another impressive set of results.
Looking to continue boucing off the 50MA before breaking out to retest all time highs.
Run the stop where you like. Below the MAs or below the lower trend line.