Get started

DJ FXCM Index

USDHUF Major double bullish break-out took place yesterdayThe USDHUF pair achieved a huge double bullish break-out yesterday as not only did it break above Resistance 1 (360.650) but also above (and closed) the top (Lower Highs trend-line) of the 4-month Descending Triangle pattern. At the same time it closed above its 1D MA200 (orange trend-line). This is a major buy signal for the long-term, but even if we keep a short-term perspective, we can now target 367.500 (just below Resistance 2) with a lower risk factor than before. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
GBPUSD: Cycle peaked. Expect brutal bearish reversal.GBPUSD is neutral on its 1D technical outlook (RSI = 54.143, MACD = 0.08, ADX = 33.338) but still bullish on 1W (RSI = 64.701). After rising nonstop since April and basically not having a long term correction since October 2023, we expect this bullish cycle of GBPUSD to be coming to an end. The Sine Waves structure is further proof of that, as it is past its top where in June 2021 and April 2018 it peaked. We turn long term bearish on this pair, aiming for the S1 level (TP = 1.2100). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDJPY: Important Support & Resistance Levels 🇺🇸🇯🇵 Here is my latest structure analysis and important support and resistance levels to pay close attention to on USDJPY. Resistance 1: 146.50 - 147.35 area Resistance 2: 149.30 - 149.40 area Support 1: 141.64 - 142.20 area Support 2: 139.60 - 140.60 area From a current perspective, probabilities are high that the pair will continue growing, at least to Resistance 1. After its test, consider that for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
Sell GBP/USD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3382 Target Levels: 1st Support – 1.3312 2nd Support – 1.3265 Stop-Loss: To manage risk, place a stop-loss order above 1.3440. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
41
Sell USD/JPY Channel BreakoutThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 143.77, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 142.13 2nd Support – 141.26 Stop-Loss: To manage risk, place a stop-loss order above 144.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
11
EURUSD: Bearish reversal if the 1D MA50 breaks.EURUSD is on the lower levels of neutrality on the 1D timeframe (RSI = 46.772, MACD = 0.003, ADX = 17.817) as it reversed aggressively on the 1.12100 R1 level, forming what is so far a DT (double top) on a 1month 1D RSI bearish divergence. The same divergence was formed on the December 28th 2024 HH and it caused a decline to the 0.618 Fibonacci level. The trigger point to sell is always the 1D MA50. Consequently, we will turn bearish if it is crossed, aiming at the 0.618 Fib (TP = 1.08350). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
AUDUSD: Top of Megaphone hit. Reversal expected.AUDUSD is almost overbought on its 1D technical outlook (RSI = 68.054, MACD = 0.006, ADX = 53.204) as the price reached the HH trendline at the top of the Megaphone pattern. The 1D MACD printed a sequence almost identical to the December 28th 2023 top, which soon after declined to the 0.5 Fibonacci level. Consequently, we take this as a strong sell signal, aiming at the 0.5 Fib (TP = 0.66500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
A Long Trade I am in from a couple of Hours Ago. USD CNH This trade has only just poked through the bearish Icimocku cloud which would be a sort of breakout trade if you want to take it. A lot of traders buying the USD today. Maybe a sign of the times ahead when a flight to safety may still be the good ol' USD Greenback. I am Long in several USD currency trades for 2 reasons. For example, USD CNH huge rr trade potentially and its a flight to safety if the stock market gets rough I am already parked there with a lot of my cash
Long
by Easy_Explosive_Trading
EURUSD Bullish continuation of the Channel Up.The EURUSD pair is defying the Double Top selling pressure of the 1.12100 Resistance and it appears that there are high probabilities of extending the Bullish Leg of the June's Channel Up. With the support of the 1D MA50 (blue trend-line) that contained the September 11 pull-back, the trend may be targeting the pattern's top for a new Higher High. It appears that so far there is high symmetry between the July - August 2024 Leg and October - November 2023 trend (both +4.99% rises), so the current uptrend may be of around +3.85%, similar to the one of December 2023. As a result, with the 1D MACD also on a Bullish Cross, we are targeting 1.13500 for a Higher High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
$DXY US DOLLAR BULLISH **BIG BOYS BIAS (CFTC COT INDEX REPORT) >Commercials - Extremely Bullish >Retailers - Extremely Bearish (Always Wrong) >Fund Managers are in-trend with the price chart (Trend Followers) **USD Valuation Against EURO >We are still in at the Overbought region Others: >Price already took the Daily Demand Zone, price is now accumulating and the catalyst for the BULLISH move could be the US FED news and the EURO Inflation Rate news release on Monday. ***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
CAPITALCOM:DXYLong
by TradersPod
Gold XAU/USD Rejection from Resistance with Potential RebounceOn the 15-minute chart, Gold is currently facing rejection from a key resistance level. If the price retraces back to the support level, there is potential for a rebound. This support has previously acted as a strong zone, and we could see a bounce if it holds again. However, it’s important to watch for confirmation signals before entering a position, as a break below this support could invalidate the bullish scenario.
CAPITALCOM:GOLDLong
by rebenga93
USDJPY - Testing Support Level, Potential for a ReboundUSDJPY has arrived at a significant support zone and is currently retesting this level. While the support seems to be holding for now, the market sentiment still appears cautious. If we see further confirmation of a bounce, such as bullish candlestick patterns or increasing volume, there could be potential for upward movement. However, it's important to monitor the price action closely, as a breakdown below this level could invalidate the bullish outlook.
Long
by rebenga93
2
Usd still not given clear direction on higher TimeframeHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Right at the low of 2023 Jan,want to break but not breaking the last FOMC lows...only to play the whips so far...not clear direction..hopefully NFP give some clear indication of either further downside OR reversal. What you all think? Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
Dollar index sellAs dollar index was bearish all the week and in my view it will remain bearish for the next week as Dxy is moving in a falling wedge in which it has completed its 4 waves over H4 to H1 TF and going to complete its last wave 🌊 E if this pattern is not a failed pattern then DXY will remian Bearish all the next week also we our team has observed that Dollar is Bearish on All timeframes from Monthly to weekly to Daily to H4 to H1 so we will be bearish for the next week as Geopolitics is concerned we can predict a downward move in dollar index Hope for the good 👍😊
TVC:DXYShort
by Wakeel_Saab
Gold OutlookAs gold was bullish all the week and we are also bullish for gold all the week but today it has shown us bearish move today we are still bullish but as due to fundamentals gold broke its support level to the downwards and seems and also has retested the same if gold sustains the downwards move after price action candle 🕯️ we will be bearish to 2630 level of support and then we are Bullish after taking support over 2630 as i am saying in all my anylisis that gold is bullish over Monthly to Weekly to Daily to H4 to H1 TF so we are bullish will be bullish over next week too hope for the good 👍😊
OANDA:XAUUSDLong
by Wakeel_Saab