USDCAD - Broken Resistance Becomes Support !The USDCAD Price Reached a daily Resistance Level !
Currently, the Price is in Strong Support Level (Broken Resistance) and he is testing a support line !
I Expect a Bullish Move 📈
i'm waiting for a confirmation...
TARGET: 1.38250🎯
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Trianglebreak
EURCHF Triangle Breach? 07.03.2023The pair seems to have broken a triangle upper limit.
The next resistance estimated to be 0.9965.
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BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
DAX/GERMAN40 BEARISH SCENARIOOver the past week, inflation data and rate expectations have remained at the leading position of risk sentiment, adding pressure to stocks. With the Core inflation rate in the Euro area rising to a fresh record high of 5.6%, market participants shifted their focus to the European Central Bank and the hawkish repricing of higher rates. On the 4H chart, we have a big triangle formation and we are looking for price action around 15800-15850.
From this resistance area, we can be looking forward to selling confirmation.
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USD/CAD: a potential build-up for a 100-pip dropLooking at the 2D timeframe chart of USD/CAD, we may observe that a descending triangle pattern has been formed and that the price has successfully broken the upper boundary (the descending trendline) of it. Using the Fibonacci retracement tool, we might identify that the 38.2% key Fibonacci level nicely lines up with a crucial area of previous resistance that now acts as support that is identified on the graph.
We are expecting for the price to continue its short-term bearish movements and reach the price level highlighted on the graphic. From there, due to the fact that our bias remains bullish, we will possibly look into executing long positions and riding the next up-trending wave.
FET/USDT Soon to break from triangle?This is how i would trade FET/USDT. The chart shows that the price movement occurs within a bullish triangle.
Enter a long position when/if the price out of the triangle to the upside.
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Targets:
1: 0.47
2: 0.5
3: 0.52
4: 0.55
5: 0.57
6: 0.59
Trade safely!
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BANK NIFTY ANALYSIS - 27/02/2023Sorry In Chart i was forgotten to change the date 24th to 27th...
Buy Above - 39980
SL - 39900
Targets - 40040,40140,40350,40530
Sell Below - 39820
SL - 39900
Targets - 39700,39600,39400,39200
Trade Safe & Happy Trading Guys
This is only for educational purpose so TAKE YOUR OWN RISK REWARD
GBPAUD Upward Breakout? 24.02.2023 A triangle formation is visible and the breakout upwards is apparent.
After breaking the resistance 1.7745 the market is expected to complete
the journey upwards to the next resistance as per the arrow.
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Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda...
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
EURGBP Triangle Formation? 23.02.2023Looks like a Triangle formation for EURGBP.
The truth is that after the important news on the 21.02.2023
related to Flash Manufacturing PMI for the UK the GBP gain ground
against the EUR.
After those figures the pair has been stabilizing and we
observe this low volatility for 2 days now.
If the triangle breaks upwards or downwards it will potentially
move to the designated support or resistance levels.
__________________________
Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda...
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Ascending Triangles to Break $25k ResistanceI believe these ascending triangles are pointing to a breakout here, converging right at $25k, and it could be the one to finally overcome this beast of a resistance. Been a tough battle here. The triangles are a little malformed, but clearly they're getting smaller, and culminating to a point. We are almost there... rejection wouldn't surprise me, but I'm leaning towards a breakout. If we get above $25200 cleanly we should consolidate somewhere above $25k, and then after that, could be a pretty clear path to 28k or so, given the large volume gap in the 25-28k range. This all seems obvious though, and crypto rarely does the most seemingly obvious thing.