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Fxsignals

GBPUSD: Top-Down Analysis & Trading Plan 🇬🇧🇺🇸 On the today's live stream, we discussed GBPUSD. The pair is currently testing a key horizontal demand zone on a daily. Our to signal to buy the market with a confirmation, will be a bullish breakout of a horizontal neckline of a double bottom pattern on 1H time frame. An hourly candle close above 1.2502 will confirm the violation. A bullish continuation will be expected at least to 1.2527 level then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
Canada’s Ivey PMI and Employment Data: Impact on USD/CAD OutlookThe USD/CAD pair faces headwinds due to a strengthening Canadian dollar fueled by rising crude oil prices. This week's release of April employment statistics and Canada's Ivey PMI will provide insights into inflation and economic trends. Additionally, Fedspeak from Thomas Barkin and John Williams will be monitored closely. Recent US data suggesting a cooling labor market could prompt Fed rate cuts, contrasting with expectations of a possible Bank of Canada policy shift in June. The article concludes with a bullish stance on USD/CAD, recommending long positions with entry at 1.36989 and targets up to 1.39110, with a stop-loss at 1.34875.
Long
by signalmastermind
MarketBreakdown | GBPUSD, USDCAD, USDCHF, EURNZD Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸 The market is trading in a bearish trend on a daily. After the price updated the low, we see quite an extended correctional movement. The pair is currently approaching a key horizontal resistance. The next bearish wave may initiate from the underlined structure. 2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦 Trading in a strong bullish trend, the price formed a falling wedge pattern. We see a test of a key support at the moment. Our strong bullish confirmation will be a bullish breakout of the resistance of the wedge and a candle close above. It may trigger a strong bullish reaction. 3️⃣ #USDCHF daily time frame 🇺🇸🇨🇭 The pair is trading in a strong bullish trend within a huge rising wedge pattern. The price is currently stuck around a key horizontal daily resistance. Its bullish breakout will be our strong confirmation to buy. 4️⃣#EURNZD daily time frame 🇪🇺🇳🇿 The price formed a head and shoulders pattern. We see a breakout attempt of its neckline at the moment. A daily candle close below that will give us a strong bearish signal. A bearish movement will most likely continue then. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
FXS/USDT bullish horizon ascending channel? 🚀FXS Analysis💎 Paradisers, focus on #FXSUSDT as it climbs within an ascending channel, primed for an impactful surge from its demand zone 💎 #FLAXSHARE has recently hit a wall at $8.346, triggering a pullback. From the support of the ascending channel and having gathered downward liquidity, it's now showing robust momentum marked by striking green candles, hinting at a forthcoming leap over resistance. Keeping up this pace could ignite a notable bullish rally, breaching critical resistance points. 💎 In the ever-evolving crypto landscape, the ability to pivot and adapt strategies is key. Should #FXS face challenges at this pivotal demand zone, a strategic shift might be in the cards. Anticipate a bullish rebound from the alternative demand level at $6.814, with a descent below this threshold potentially signaling further declines.
Long
by MyCryptoParadise
8