USDCAD | SWING - 4 Oct. 2020Hello my friend | Welcome Back.
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After breaking the downtrend and retesting the broken area, we will notice a new rise to Fibonacci level 0.61.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
EURGBP NZDUSD USDCHF USDJPY
US
AUDUSD: Strong Resistance Ahead!!!
AUDUSD is very close to a strong daily supply area.
this area is based on a broken support line of a major rising channel and the last horizontal higher low level.
bearish reaction from that zone will be expected.
I am planning my entry on 1h/4h charts and will wait for a confirmation before entering the trade.
goal for sellers 0.705
good luck!
USDCAD | SWING - 2 Oct. 2020Hello my friend | Welcome Back.
Please support this idea with LIKE if you find it useful.
***
It may swing at the trend line if the trend line is broken, and it is the support that will go according to the scenario that you set.
***
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
EURGBP NZDUSD USDCHF USDJPY
EURUSD: Multi Time Frame Analysis & Important Breakout
hey traders,
EURUSD reached a strong zone of confluence yesterday.
price hit a perfect match of a resistance line of a falling channel and horizontal resistance based on the last higher low on a daily.
after testing that area, the price broke below a support line of a rising wedge pattern on 4H.
moreover, the price has violated a neckline of a head and shoulders formation on hourly chart.
we see many many bearish signals and now the price is slightly recovering.
the expanding area between a neckline and broken support of the wedge will be a perfect zone for us to short the pair.
target levels:
1.169
1.165
DXY US Dollar Index Initial Target Hit $94.40. Retrace & Resume?DXY
I published a chart for DXY at beginning of September(linked below). This video furthers the idea that DXY is in correction mode.
I propose that DXY will make a retracement back to its local trendline, using the 14% retrace of March-September Swing as support now.
Looking for potential bounce from there($93.32 area), then a resumption of the correction to the 38.2% March-September Swing($96.04)
In 2016, after President Trump was elected the DXY proceed to top out soon after in Jan. 2017, until it put in a bottom in Jan. 2018, in correlation to Bitcoin & Crypto Market Bubble.
I expect similar results for the coming election and DXY price correlation. I expect The Donald to win, thus in turn ending the correction for DXY, and resume its drawdown into 2021...If
a one year downtrend ensues for DXY at that point, perhaps we see another bubble for Bitcoin late 2021, early 2022?
What's is your thought? I'd love to know...
Thanks for checking out my analysis!
USDJPY: Update & Time to Fall!
USDJPY broke and closed below a support line of a rising wedge pattern on 4H.
the breakout is considered to be confirmed and bearish continuation is now expected.
The best place to short the pair is the local expanding area between the last higher low level and broken wedge's support.
goals:
105.1
104.8
EURUSD: Key Level That You MUST Pay Attention to!
hey guys,
though bearish movement on eurusd is officially started,
always remember to look left at structure.
the market is very close to a key monthly/weekly support cluster
based on 2015's - 2020's price action.
with average weekly atr, chances are high that this level will be reached quite soon
and then most likely a pullback will follow.
consider that yellow area for your swing short targets or for an area to buy from, catching a pullback.
always wait for a confirmation on a lower time frame, because the area is relatively wide.
good luck!
EURUSD: Key Level That You MUST Pay Attention to!
hey guys,
though bearish movement on eurusd is officially started,
always remember to look left at structure.
the market is very close to a key monthly/weekly support cluster
based on 2015's - 2020's price action.
with average weekly atr, chances are high that this level will be reached quite soon
and then most likely a pullback will follow.
consider that yellow area for your swing short targets or for an area to buy from, catching a pullback.
always wait for a confirmation on a lower time frame, because the area is relatively wide.
good luck!
DXY US Dollar Index (Y20.P4.E2.v2).TA.Short termHi All,
** This is a continuation of my previous DXY post, link provided below **
I'm keeping this short to the point as the chart does all the explaining.
As per chart, i see more to the upside until it hits this strong resistance, chart below.
Please give me a like or tick for this post.
Cheers,
S.SAri.
Overview
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PREVIOUS DXY POST
Likely Bearish Scenario for the following monthsIf we're before a yet unconfirmed bearish phase, this is a likely scenario.
You can trade within the bearish channel.
A minimal market run-up usually always follow the days prior a new POTUS election.
I think we can expect markets continue to fall whether Trump or Biden get elected.
It will only stop falling until long-term Bitcoin channel bottoms are hit.
This is hit or miss, don't take this a financial advice.
I post to see if my prediction ability is on point or too far off.
Cheers.-
USDJPY: Strong Supply Area Ahead!
hey guys,
USDJPY is approaching a major resistance cluster.
it is based on a horizontal daily structure and a falling trend line based on daily lower highs.
because the current trend is bearish, chances will be high that we will see a trend continuation from that zone.
look for confirmation and short opportunities within that on a lower time frame.
goals:
104.75
104.2
SPX weakness intensifies ST. Price into the Daily Cloud.The short term weakness on the SPX persists since the short signal was triggered in the short term on the 4th of Sep 2020. The uptrend starting on the 25th of May 2020 the daily charts has taken a pause. Price now will test the downside on the SSSB (RED LINE) on the cloud.
A break and HOLD below the SSSB cloud will start a new downtrend in the MT. The downside target remains at 2973..