On weekly chart, the pair has been continuing to have a bullish pattern for a long time, and it is infinitely close to the high of 149, with the current trend, 150 is not impossible anymore.
On daily chart, we can see that it has completed the consolidation then the breakout pattern.
From 4H chart, the pair has been keeping up with no looking back, but from a...
I'm back guys.
After a long consolidation time last week, the price tried to go up but was rejected by the MA system, and it failed to keep the uptrend. With the continued strengthening of DXY, I think it is possible for the pair to go back and test the 0.96800 area.
I'm still holding a bearish view in total, but for traders that also looking in putting short...
Although oil price rebounded yesterday, there is not enough momentum for keeping the uptrend. The overall trend is still downward.
From the H4 chart, the lower high after it breaks the 82 level also shows that oil prices as a whole continue to remain bearish.
I think it would be better to stay patient and wait for a pullback to enter the market.
for short...
The pair has been going up after the dump yesterday, if we look at daily chart, the pair actually still have some more space going up. I'm expecting the pair to go back up more as shown in the chart, then go down again to around 0.9600.
Overall, EURO is still in bearish trend, so short orders at higher places can always be a good choice for trades.
Good luck to...
EUR finally gained some strength after the dump a week before, which has given us an excellent opportunity to put short orders.
From the fib retracement, we can see the pair managed to reach the 0.236 level but failed to break the 0.382 level.
for short orders💎the most ideal place to short would be around 1.00500
for long orders♨️buy when it reaches the bottom,...
After consolidation, the pair does not show any strength in returning up. It wouldn't be surprising to see it go down further to around 0.9910. It is possible that the pair will try to reach the former low 0.98830, or try to bounce back up.
In mid to long term, it is better to place short orders when the price back up above 1 and wait for it to come down.
for...
OANDA:USDJPY
The pair has formed a double top from the 4-hour chart, and the chart has touched the 55 SMA around 141.7, it is possible that the pair will go back near the SMA again before reaching higher.
From the fundamental view, Japan has been trying to weaken its currency, BOJ is not even close to trying to support it with higher interest rates. I will not...
Even though the pair closed with a Doji on the daily chart yesterday, JPY does not seem to get any stronger today. With the strong uptrend, the pair is closer and closer to 141.
The difference in the policies between Japan and America has been the drive behind this uptrend since earlier this year and still going.
However, this does not exclude the chance that...
The pair has been having the price consolidation within the range between 1.00300 to 0.99000 and now has come to a critical area.
My analysis is that the pair will be kept in the consolidation range for a bit longer, but it is better for traders to put short orders rather than long orders as the pair is still in a bearish trend.
As though I would not suggest...
The pair has come to a critical supporting area.
As shown on my chart, I still would like to believe there's an opportunity for a long order with strict stop loss, and it is more recommended to be a short-term trade instead of a long-term trade.
With the strong trend of DXY, it is uncertain whether AUD will be able to bounce or not.
However, I still believe...
FX:USDCAD
If the pattern holds, the pair could at least test around 1.27000.
Although I still think that dxy would be strong in a medium to long term, but for now a pullback wouldn't be a surprise.
After dumping through the last low, the pair has come to a new low in 20 years. Unlike last time when it reached under 1, this time the price was not able to do a nice pull back to 1, instead, the pair is still struggling going back to the last lower point around 0.99500.
For now, unless DXY somehow suddenly dump itself back to 107 or 106, it is really difficult...
As the situation of energy crisis continues to escalate, it is possible that it can accelerate the ongoing economic slowdown. From the chart, the top around 1.0280 has been marked since early this month, which will be a strong resistance area for this pair.
I'm holding a bearish view for this pair, and the first target I'm looking at 1.0110, it is also possible...
Day trade idea:
Gold may be showing some opportunity for long trades.
It is not on this chart, but gold price has just climbed above the 200 EMA at $1,720 as well
A mild correction will be considered a buying opportunity
Above I'm looking at 1735, and support area near 1720.
OANDA:XAUUSD
On 4 hour chart, EURUSD has shown a reverse pattern, and the EMA has also shown some level of support. If the price can hold itself above 1.0600, the next level to expect will be 1.0640, which is the weekly support. On the downside, the first resistance to come would be 1.0520.
