NASDAQ 100 is moving in an ascending channel and the price is going downwards to compleete the loop. 1h ichimoku cloud adds resistance to the descending green line, so we expect further decline down to 14774 and then target upwards above 15144. 📅 Check the economic calendar before acting 👍 Likes & comments are welcome
EURAUD is moving in an ascending channel, 50 & 200 SMA on 1H & 4H charts show that bullish momentum is in favour. Now we saw an upwards crossover of 50 SMA over 200 SMA on 1D chart, which confirms more bullish movement towards 1.6300. 📅 Check the economic calendar before acting 👍 Likes & comments are welcome
AUDCAD is coming to a squeeze between a strong support from Oct 2020 and descending line from Feb 2021. The price came closer to 200 SMA which indicates that bearish bias is weakening. If it can break above the descenging line and stay above 200 SMA then we can see an upward trend.
GBPTRY completed its downward movement inside the descending channel since June 2021 and is now bouncing back. 50 SMA is about to cross upwards 200 SMA, which will be the confirmation for further upward move. The price is rejected by support 11.7160 and Bollinger band suggests buying from here. The final target is 12.0000
The currency is following a descending channel since June. I expect GBPJPY to go down from either below or above the purple line. The target is the lower boundary of the ascending channel from Mar 2020, around 147.500 I appreciate comments and likes 👍
USDJPY is moving in an ascending channel but is getting close to a strong resistance from Mar 2020. 1h ichimoku shows bullish signs and up to 111.500 we don't see any important resistence. Note: Wait for the blue descending line be broken upwards for confirmation. Please like and comment if you find this idea useful 👍
On Wed (14th July) Turkish CB will announce one-week repo rate, which affects USDTRY and EURTRY very much. It is known that Turkish Government is not very keen on high interest rates, despite its necessity. So another rate hike is not expected. USDTRY is in a descending channel since 22 June, and if there is no more interest rate hikes, we can see an upward...
The descending line since April 2021 was broken upwards, and the price couldn't break below the strong support at 1,203. 4h 50MA crossed over 200MA, which indicates upwards momentum. I expect the price to go upwards and test 1.2478 and then 1.2645. Comments & likes are welcome :)
CADJPY continues within the ascending channel, and if breaks 90,34 we can see a rise to 91,45 Likes & comments are welcome:)
GBPUSD broke below the ascending line from Sep 2020 (green line). If it breaks above the purple line, we can expect a rise to 1,4192. Otherwise it can fall to 1,3676.
50MA crossed above 200MA and the price is moving above the 4h ichimoku cloud. If the price manages to break above 1,4812 and then the descending line since Dec 2020, we can confirm the bullish pattern. If you find this idea useful please hit the 👍 button:)
USDTRY is retracting to middle 1D Bollinger Band 8,6000, which is a strong support. If it breaks, the price can move down to 8,5090 (4h ichimoku support). If the price can stay over the ascending line from Apr 2021 (orange), we may see a retest of the recent high 8,7880. Likes & valuable comments are welcome:)
GBPJPY is following a rising channel since April 2021, and approaching 156.422 which is a strong resistence from 2018. I don't think it will fall down to the lower edge of the channel without testing this resistence. So let's wait for the price to bounce from the nearest support at 154.796 to enter a buy position. If it breaks above 156.422 it will test another...
AUDNZD broke the descending line from Mar 2021 and the price is above both 50&200 MA and 4h ichimoku is bullish. I am expecting the price to rise from 1,0765 up to 1,0876. There will be some important events for both AUD and NZD next week so we shall keep in mind to follow the economic calendar. Please like if you find this post useful 👀
GBPUSD has been in a squeeze since May, and the channel is getting narrower. When it breaks, it can be a good moment to use the squeeze momentum indicator by Lazybear.
After the latest FED rate decision, USDCHF broke above the 200SMA & EMA. I'm expecting a pullback to 0,9093 and retest 0,9162. Likes & valuable comments are welcome 👍
USDTRY is highly sensitive to interest rate decisions as it has long been a discussion between the government and the central bank. The next meeting will be held on 17th June, and we can expect a pullback to 8.00 in case of a rise in the interest rate. Otherwise the price is prone to test the upper border of the channel since 2018 (around 9.00). Please like if...
OANDA:AUDCAD On 9th Wed, Bank of Canada (BoC) will announce its interest rate decision and there is no important event for AUD. 1h 50MA crossed above 200MA, the price is above both 1h and 4h Ichimoku clouds and point for a bullish AUDCAD. The price needs a final verification for bulls to pass above the descending channel from May 2021. If BoC's decision...