Daily Analysis for major pairs
- Thread starter Wanja
- Start date
- Watchers 2
USD/JPY Forex Signal
Long Trade 1
* Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 111.00.
* Place the stop loss 1 pip below the local swing low.
* Adjust the stop loss to break even once the trade is 20 pips in profit.
* Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
Long Trade 1
* Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 111.00.
* Place the stop loss 1 pip below the local swing low.
* Adjust the stop loss to break even once the trade is 20 pips in profit.
* Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
USD/CHF Forex Signal *another view
Long Trade 1
* Long entry after bullish price action on the H1 time frame following the next entry into the zone between 0.9850 and 0.9800.
* Place the stop loss 1 pip below the local swing low.
* Move the stop loss to break even once the trade is 20 pips in profit.
* Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Long Trade 1
* Long entry after bullish price action on the H1 time frame following the next entry into the zone between 0.9850 and 0.9800.
* Place the stop loss 1 pip below the local swing low.
* Move the stop loss to break even once the trade is 20 pips in profit.
* Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
GBP/USD Forex Signal
Short Trade 2
* Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.4050.
* Place the stop loss 1 pip above the local swing high.
* Adjust the stop loss to break even once the trade is 25 pips in profit.
* Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.
Short Trade 2
* Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.4050.
* Place the stop loss 1 pip above the local swing high.
* Adjust the stop loss to break even once the trade is 25 pips in profit.
* Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.
EUR/USD Forex Signal
Long Trade 1
* Long entry following a bullish price action reversal on the H1 time frame immediately upon the next entry into the zone between 1.0967 and 1.0900.
* Put the stop loss 1 pip below the local swing low.
* Adjust the stop loss to break even once the trade is 20 pips in profit.
* Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
Long Trade 1
* Long entry following a bullish price action reversal on the H1 time frame immediately upon the next entry into the zone between 1.0967 and 1.0900.
* Put the stop loss 1 pip below the local swing low.
* Adjust the stop loss to break even once the trade is 20 pips in profit.
* Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
AUD-USD @ 1.0259/62...Bigger trend remains bearish
R: 1.0300 / 1.0375
S: 1.0230 / 1.0180 / 1.0030
Aussie has risen from 1.0180 levels and can rise further towards 1.0300 levels in the near term. The bigger trend remains down, though in the shorter term it can trade in the 1.0180-375 range or a 1.0180-300 range. We would be biased for a down side move after it takes resistance near 1.0300 or 1.0370 levels.
R: 1.0300 / 1.0375
S: 1.0230 / 1.0180 / 1.0030
Aussie has risen from 1.0180 levels and can rise further towards 1.0300 levels in the near term. The bigger trend remains down, though in the shorter term it can trade in the 1.0180-375 range or a 1.0180-300 range. We would be biased for a down side move after it takes resistance near 1.0300 or 1.0370 levels.
GBP-USD @ 1.5204/07...Mixed
R: 1.5220 / 1.5270 /
S: 1.5090-80/
Cable has risen a bit and currently trading just near 1.5200 levels. If it manages to break its resistance of 1.5225 then it can rise further towards 1.5270-300 levels. On the other hand a dip from here can then result in a dip towards 1.5080, may be even lower. Looks evenly placed for each of them, advised to stay out of the market.
R: 1.5220 / 1.5270 /
S: 1.5090-80/
Cable has risen a bit and currently trading just near 1.5200 levels. If it manages to break its resistance of 1.5225 then it can rise further towards 1.5270-300 levels. On the other hand a dip from here can then result in a dip towards 1.5080, may be even lower. Looks evenly placed for each of them, advised to stay out of the market.
USD/CHF technical View:
short position is prescribed with the primary focus at 0.98 if the value moves beneath its turn focuses. A break of this objective is prone to push the pair advance downwards, and one might expect the second focus at 0.9750. The turn point is at 0.9845.
short position is prescribed with the primary focus at 0.98 if the value moves beneath its turn focuses. A break of this objective is prone to push the pair advance downwards, and one might expect the second focus at 0.9750. The turn point is at 0.9845.
EUR/NZD Technical View
As of late, EUR/NZD has been moving upwards. As I expected, the cost tried the level of 1.6869. In the every day time period, we can watch an interest bar in a normal volume. In the H4 time allotment, I found a broken descending channel (high volume breakout) out of sight, which is a solid sign for a potential upward development.
As of late, EUR/NZD has been moving upwards. As I expected, the cost tried the level of 1.6869. In the every day time period, we can watch an interest bar in a normal volume. In the H4 time allotment, I found a broken descending channel (high volume breakout) out of sight, which is a solid sign for a potential upward development.
