This Pair on Daily chart, has come to the psychological Support/Resistant of 87.000. it shows time after time, this line has been important Support since November of last year. In 1H chart, it seems it has taken off and went above all three EAM of 20, 50, and 200. Trade carefully with reason and proper risk management.
On Daily, it's reaching up to previous high as it was rejected multiple times around 0.57000 or so. Check the lower time frame and look for a Bearish set up as the primary trend is Bearish. it has been making Lower -Low since begining of October after it broke and retested 0.58500.
It seems 0.89510 is an important Support and now Resistant that has been respected. Price is continuing bullish move towards this level. It seems that price is coming back up to test the neck of previous Bearish Head & Shoulders which that is where Sellers came to actiion. Just watch it on a lower time frame for any potential of reeversal back to bearish...
It has been going Bearish for a long time. it reached out to the previous low back in October. At any time frame, you can see that Moving aversages are distanced from the price. at 1H chart, it has touched the 1.2200 couple of times and couldn't break through. Watch this pair for potential reversal. Oscilators are showing Bullish Divergence as well.
This pair is getting ready for a Bearish move. it made a double top at 52 Weeks High (dotted yellow line). It formed " Double Head & Shoulders" ... funny ... :) .. In 4H, it seems that it's pulling back and retracing. One resistant could be 1.99330. Do your own analysis and get into the trade when you feel comfortable and have reasons. Not every formation will...
HAPPY NEW YEAR. There are two Bearish opportunities. one on Hourly and one on 5 Minutes. Hourly opportunity, On daily, the price couldn't make a higher high and failed. it seems it's time to pullback. That can be confirmed on 1H chart as well. Entry point can be around 1.84820 with S.L 1.8545 and T.P 1.83400. THESE NUMBERS ARE SUBJECTED TO CHANGE ACCORDINGLY. on...
Monitor this pair and watch 0.89600 area. there is a great chance that it bounce back up to 0.89900 area. In 1H time frame, it made a nice double top and it continues Bearish move. However, Buyers will come to play around0.89600 as previously they have come. Obviously, that is my expectation. if at lower time frame, show the sign of Bullish move, then i will take...
"On Monthly: This pair, Since 2021 has been Bullish. That is due to Monetary policy of Japan that it seems recently it slowly changing. There are two Historical Resistant (160.00 and 155.400) that have been touch, but not broken since 1997. BOJ always interfere with market once the price get to that level. Last month on November, it hit 155.400 and got rejected...
"On Monthly: It continued Bearish move towards 0.58000 Psychological number that has been tested many times in the past. All three EMA 200, 50 and 20 (BGR) are Bearish. -- On Weekly: It seems it has made a Bi-Lateral flag after a major Bearish move since 2021. It confirms the Bearish move towards the 0.5800 and Trendline. --On Daily: It has made a Double Top...
"On Monthly: Like other USD pairs, this one is Bearish too. After a Bearish Engulfing in October, it made a Doji that looks more Bullish than Bearish in the month of November. It seems it got stock between 1.28600 and 1.24800 which is 380 Pips. It stopped at 1.27500. I t made a Doji this month so far. let's see what lower time frame shows. -- On Weekly: Past...
"On Monthly: For four months it was going sideway. It seems last month of November, made aa Doji after Bearish Engulfing candle. This could be a break from this sideway move to go down to 1.0900 Historical Support. All three EMA 200, 50 and 20 are Bearish. -- On Weekly: In the past 10 Weeks it was going sideway. It's not clear at this point to deny or confirm...
"On Monthly: It seems ZigZag bouncing between 1.1200 and 1.0500 Psychological Support & Resistant are getting over and moving down. If FED doesn't lower the interest rate this month, the Bearish move will continue through January due to Trump presidency and change in GOV. All three EMA, 200, 50 and 20 are nicely Bearish. It trying to break through 1.0500 and...
"On Monthly: Last month November, it made a Bearish Engulfing Candle and break through S. 0.83400. For December, it made a Doja so far and it seems there is a weak Bullish divergence compare to RSI. EMAs are split, 200 shows Bullish while 20 & 50 are Bearish. -- On Weekly: The Bearish move seems is strong and continues. All Three EMA, 200, 50 and 20 are...
"On Monthly: 200, 50 and 20 EMA are showing Bullish move as the overall move indicates. Price moving back down to test 1.47140 another Psychological Support , but it didn't reach and pulled back up. It seems it's moving up toward 1.52000 a psychological resistant. -- On Weekly: Two solid Bullish candle revered the bearish attempt and price is moving towards...
On Monthly: Overall is Bearish move towards 0.53400 lowest since 2020. It is moving towards 0.55900. EMA 200, 50 and 20 are all above price. -- On Weekly: EMA 200, 50 and 20 are above the price. It has broken Rising Wedge / Correction. Price was rejected at R. 0.57200and it's going towards 0.55900. --On Daily: A sort of Double Top is formed and touched 200...
"On Monthly: Overall is Bearish move towards 0.53400 lowest since 2020. After a Bearish Engulfing candle last month, it couldn't pull back up to 0.58500. Mostlikely, it will continue Bearish towards0.56300. EMA 200, 50 and 20 are all above price. -- On Weekly: EMA 200, 50 and 20 are above the price. It has created Rising Wedge / Correction. Price was rejected...
"On Monthly: 200, 50 and 20 EMA are showing Bullish move as the overall move indicates. However, 1.50700 and 1.5200 which is Psychological Resistant are holidng firm. Price moving back down to test 1.4800 another Psychological Support number that is playing Support now which has been respected in the past. Next Support is 1.47140 followed by past 52 Candle Low...