EURUSD is currently at an important level of resistance. From here we can see a rejection and the USD Take the control, or the resistance can be broken and the price move higher!
EURUSD is in an important resistance area. We can see 2 scenarious: 1. Hit the ressistance and make a pullback to previous support and continue up-trend 2. Breake the resistance, re-test as support and continue to grow to the new resistance
DXY broke the support of uptrend line which was respected from february 2022. Due to release of CPI data from today, dolar has lost power and probably will make a larger pullback.
During past days, BTC has lost the support at 18.000$-18.500$, made a New local low and now re-bound to retest previous support area as a resistance. After retesting, if the owerall news are not good, we can possibly see the BTC to 14.000$-14.500$
We can see that the market made HL and LL but the target price was not reached. Now, a HL was made and if the market breake the structure and make a HH the trade should me closed.
USDCAD formed a nice Head and Shoulder Pattern and now is testing the ressistance of the base of Head and Shoulder Structure. if we see clear rejection, a short trade can be taken with very good risk/reward ratio
As we can see, USDCHF is re-bounding from the support area and uptrend line. Today, we can see some volatility as the news of CPi are awaited to come! From this area we can see a nice trade to the previous high with a very good risc/reward ratio
We can see in this example as the price is holding an uptrend line. To obtain maximum profit and avoid hitting stop loss, here is an example of manual trail stop. As soon as the uptrend line is broken, go to a smaller time frame and close the trade if one or more bars closes below the trend line
USDCAD is forming a nice break support and retest as a resistance. Chances are to go down
EURUSD is making higher highs and higher lows and the target is 1.1200-1.1400
USDCHF is in a support area. If the support is broken, the chances are to go lower to the next support area
ETH dropped today and now is testing aajor support area. Breaking the support can lead to lower prices
BTC has dropped today more than 3.5k, with 500 points more than previous low from 18 jun. 2022. Next DAYS it can decide the trend for BTC for next the months.
AUDUSD tested resistance area and we can see a clear rejection from that area. We can see more down move if the resistance holds!
Currently AUDNZD is trading in a range structure. If the range is broken wait for retest and take a trade with low risk and measured move of TP of about 75 pips
BTC breaks important support and moved down today. We can expect to continue down trend based on news to come today!
USDJPY is forming a triangle and here are 2 possible scenario is 1. Breaking the support ,retest the new resistance and going down 2. Bouncing from the support, breaking the downtrend line, retesting it any making new high. Be careful about the results of the elections today!!!
NZDCHF tested downtrend resistance line and resistance area. Chances are to go short!