EURCHF Continues to Accumulate Bullish Momentum! What's Next?EURCHF Continues to Accumulate Bullish Momentum! What's Next?
EURCHF has been accumulating bullish momentum for about two months now
Yesterday, following the European Central Bank's (ECB) decision to decrease interest rates by 25 basis points, EURCHF moved down only 30 pips
This small move suggests strong bullish sentiment as long as it moved back to where it was yesterday morning.
What's Next?
You may watch the video analysis for further details
Thank you:)
Trend Analysis
Riding the Bull: USOIL Pushes Higher Amid Optimistic Market SentWith favorable supply-demand dynamics and geopolitical factors at play, USOIL is seeing a strong bullish bias. Growing global energy demand, OPEC production cuts, and macroeconomic signals are fueling optimism in the oil market. Technical indicators also show strengthening momentum as USOIL breaks key resistance levels, suggesting further upside potential. As market sentiment continues to shift toward a more positive outlook, traders are eyeing higher price targets and preparing for sustained gains
GBPUSD Daily Bias (18th Oct. 2024)It's been 3 consecutive weeks of the Cable printing bearish volumes and we anticipate the bears are not tired yet, at least not today.
Looking at the daily TF, we can see the bears just broke out of last week's consolidation on Wednesday and seem to be doing a pullback to clear internal liquidity from the new range it created following the breakout PA.
We've identified Wednesday's high as possible IRL (internal range liquidity) that can sponsor a further move to the downside.
We'll keep our arms folded as we await today's delivery.
GLGT!!!
LloydFx,
Trade Monastery.
GBPCHF Technical Analysis & Trade Idea 👀👉 The GBPCHF has been exhibiting a strong bullish trend, and I'm keeping a close eye on a potential buying setup based on specific criteria discussed in the video. We'll break down the essential price action signals to monitor and how to strategically position yourself to take advantage of the next move. Disclaimer: This analysis is for informational purposes only and is not intended as financial advice. 📊✅
XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
US Dollar UpdateAfter several weeks of rallying, the US Dollar Index is showing signs of potential profit-taking. 📉 Here's why:
• Reached the 200-day moving average 📊
• Hit the 61.8% retracement from the June-September drop 🔄
• Daily RSI is overbought at 83 📈
On the weekly chart, the market is also hitting key resistance levels:
• 55-week moving average 📅
• Peaks from 2017 and 2020 📊
Formidable resistance is in play, so we may see some profit-taking soon. If you're in, consider raising your stops! 🚀
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USDJPY and GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Short EUR/AUD setup looking for retest of 1.6000Thursday's bearish engulfing candle has seen the price move below 1.6188, a level that has acted as both support and resistance over recent weeks.
If the price can remain beneath this level into the European open, consider shorting below with a stop above for protection.
The initial target would be 1.6115. If that were to give way, a retest of 1.6000 could be on the cards.
Good luck!
DS
Nasdaq Breakdown: Today’s Metrics and Analysis 18-OCT-2024Good morning, traders! As a seasoned price action trader, I'll share my Nasdaq insights to help you improve your trading skills.
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Aussie H4 | Ongoing bearish momentumThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6727 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 0.6785 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.6647 which is a swing-low support.
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