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EURUSD Daily Analysis 2/16/20EURUSD Short Idea We’re definitely looking to short Eurusd and ride the trend if the opportunity presents itself. Price action has been very bearish over the last 2 weeks and does not seem to be slowing down. Our target is the monthly support around 1.07000 but there are two ways we could see that play out. Price action may keep free falling all the way until the monthly or we could see an established lower low followed by a retracement to a key fib level. This is where we have the opportunity to capitalize and short lower after seeing strong rejection + bearish confirmations.
Short
by ForexLeague
[GBPJPY] TECHNICAL & COT ANALYSISGood morning Traders! The technical context on daily chart remains slightly complicated, but from our point of view the formation of a bullish harmonic structure with potential TARGET above 145 is still possible. That said, we will follow the pair during the next 1-2 sessions to understand if the swing shown on daily chart will be correct. If we also look at the COT analysis, we see that the net long positions have slightly increased (+4k). If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care!
Long
by TheAnonymousBanker
NZDCAD Daily Analysis 2/9/20NZDCAD Short Idea We have identified the monthly timemframe as bullish and the weekly,daily & 4hr as bearish Last week we saw this play out to perfection from our analysis. We saw strong bearish momentum confirm the transition to the downside. Now we have seen a lower time frame support level broken and we are looking for a retest. Ideally a retest followed by 4hour/1hr bearish setups would be enough confirmation to enter on. We’re looking to target lower toward our 0.84000
Short
by ForexLeague
1
EURJPY Daily Analysis 2/9/20EJ Short Idea We can identify that the monthly timeframe has been ranging, the weekly is bearish, the daily is bullish and the 4hour is bearish. We can also see that on this daily timeframe price action has been bouncing between 122.700 and 120.250 area. Last week we saw that a potential for a break lower was possible but instead price action bounced. The support level around 120.250 is now being tested again giving us another opportunity to capitalize on a bearish continuation. Ideally a significant close lower followed by a retest and plenty confirmation would be enough to enter short on. Looking to target toward 118.000
Short
by ForexLeague
EURUSD Daily Analysis 2/9/20EU Short Idea The M,W,D,4hr timeframes are all very bearish and we have been seeing very strong bearish momentum over the last week. Price action gave us a perfect reversal off of the 1.11 level as anticipated. We then watched a confirmed break and retest play out. Now we have seen price action break another major support level around 1.09850. From here we want to see a retest of the broken level as well as look for confirmations such as fib levels, bearish setups, moving average indications etc Ideally a nice retest with plenty of confirmation would be enough to enter on. We will look to target toward our low and next major level around 1.09
Short
by ForexLeague
AUDJPY Daily Analysis 2/9/20Short Idea Looking on the chart we can see that all the significant timeframes (M,W,D,4hr) are all very bearish. Last week we saw price action come back and test broken support as resistance as well as hitting the 50% daily fib level. Going into this week we are looking for price action to continue lower after this sharp reversal. To enter in on this trade look for lower timeframe setups and smaller pullbacks. We are looking to target toward the 71.700 level next
Short
by ForexLeague
AUDUSD 2/9/20AUDUSD Short idea The monthly, weekly, daily & 4hour timeframes are all bearish We have been seeing AU dropping off with strong momentum for the last few weeks. We have seen a few slight pullbacks but nothing significant. At the current major support level we are looking for this to play out 1 of 2 ways. 1. A bounce followed by a pullback and some consolidation before a continuation 2. A break of the current support level followed by a retest before falling lower Watch this pair closely early in the week for confirmations
Short
by ForexLeague
USDCHF Daily Analysis 2/1/20Usdchf Short Idea Most of the timeframes have been very bearish. Currently we are seeing price action make a strong push to the downside after news at the end of last week. At market open we are going to see what price action does. Will it bounce from this minor support or will price action push lower. If price action bounces it’s very possible to see this minor range fill a bit more. Look for a test of 0.97750 If price action continues with bearish momentum look for small retests to enter on, or wait for a more confirmed prz level
Short
by ForexLeague
NZDCAD Daily Analysis 2/1/20NZDCAD Short Idea The Monthly and daily timeframes are both bullish while the weekly and 4 hour are bearish. Currently we are seeing more bearish potential from the current zone. We saw strong rejection at our monthly resistance around 0.87000 and failure to push higher. Now we have spotted the start of a transition and are now looking for more confirmations. A nice retest to the 61.8% fib area would be perfect with some confluence and bearish setups. We’re looking to target lower toward our weekly support around 0.83750
Short
by ForexLeague
2
AUDJPY Daily Analysis 2/1/20AUDJPY Short Idea After analyzing AJ we have noticed all relative timeframes are very bearish Huge bearish momentum pushed price action out of a weekly bearish flag To enter short on this opportunity we ideally want to see a retest to a fib level or major broken support turned resistance. The 73.600 area has strong significance and could present a nice retest followed by strong bearish setups that we could capitalize on. The target for this potential trade would be our weekly support around 70.000
Short
by ForexLeague
2