Forex Trading System - Potential Opportunities

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Hello, people. In this thread I would like to share my view on the market and, possible, help you to make a profitable trading decision.

EUR/HKD is the first candidate for your watchlist for the nearest few days. As you can see on the H4 chart, the price fluctuates in the channel of the falling Wedge. Usually, this is a continuation pattern and after the prive breaks the reristance line, we should buy it. Another less probable scenario is that the pair will move down under the support line and then continue falling down.

eurhkd-h4.gif

H4 chart
 
Hello, people. In this thread I would like to share my view on the market and, possible, help you to make a profitable trading decision.

EUR/HKD is the first candidate for your watchlist for the nearest few days. As you can see on the H4 chart, the price fluctuates in the channel of the falling Wedge. Usually, this is a continuation pattern and after the prive breaks the reristance line, we should buy it. Another less probable scenario is that the pair will move down under the support line and then continue falling down.

eurhkd-h4.gif

H4 chart

Unlikely to break than channel due to the time of year
 
GBP/USD fell drastically during the last week. The price reached the bottom that is marked on the daily chart below. Bear couldn't drag it lower that you can see by the long lower shadow of the last bar.

gbpusd-daily.gif

Daily chart

The next 4 Hours chart shows us 2 additional signals - Hammer candlestick with a long shadow and then a Bullish Engulfing pattern. There are 2 possible levels where you can take profit, both shown by the red dotted lines. Watch for reversal signals at those points.

gbpusd-h4.gif

H4 chart

1 Hour chart gives us more details about this scenario. The pair reached the resistance level there and now most probably will draw back a little before continuing to grow.
 
EUR/USD
Candlesticks in the forms of High Waves on the daily chart of the most popular currency pair tell us that there is going to be a reversal. Let's see at the charts below.
eurusd-daily.gif

Daily chart

On the H4 chart below you can see Head & Shoulders pattern that appeared after the price went higher MA (21) and the previous peaks. The goal at 1.32 is revealed.

eurusd-h4.gif

H4 chart

On the hourly chart the downward trendline was broken and now the pir is likely to move up further.

eurusd-h1.gif

H1 chart
 
Hey mate

looks intresesting - will this all continue to be free or are you as vendor of products and services ?

NVP
 
It's free for now and will stay this way in the nearest time... but not forever..
 
GBP/DKK (British pound VS. Denmark Krone).
Several reversal signals appeared on the charts of this pair. See them below.

gbpdkk-daily.gif

Daily chart

gbpdkk-h4.gif

H4 chart

gbpdkk-h1.gif

Hourly chart

More detailed report can be found on the website.
 
GBP/AUD.
Pay attention to this pair on the 4 hours timeframe. After the price breaks the resistance, it will be the time for buying. Or if it goes lower then the support line of the triangle, the long-term fall may start.

gbpaud-h4(2).gif

H4 chart
 
USD/JPY.
This currency is in the correction movement right now. This correction seems to be close to its end and we need to catch a new rally up. See the charts below.

usdjpy-daily.gif

Daily chart

The middle of the long bullish bar serves as a support level. The same function has the lower line of the Wedge (or Triangle pattern).

usdjpy-h4.gif

H4 chart

A little more information can be found at the website.
 
AUD/NZD.

Three green bullish bars appeared recently on the daily chart. ANd now, after a small fall down, the upward rally will continue. See the charts below.

audnzd-daily.gif

Daily chart

audnzd-h4.gif

H4 chart

More information about AUD/NZD scenario is at the website.
 
EUR/CAD.
The last two bars of this currency pair have long shadows and one of the bars is Doji. This means that there is a struggle between bulls and bears. Besides that, the price reached the resistance level and we should seek an opportunity to sell. Look at the charts below.

eurcad-daily.gif


Daily chart

On the H4 chart below you can see that a possible Rounded Top pattern is forming. As soon as the price breaks the support line, the downward movement may start.

eurcad-h4.gif

H4 chart

A little more information is on the website.
 
Swiss Franc vs. Singapore Dollar (CHF/SGD).
The pair went above MA (21) and formed the candlestick pattern Rising Three Methods. it is considered to be a continuation pattern and now the next aim is the resistance level of the previous top - approximately 1.37980. See the charts below.

chfsgd-daily.gif

Daily chart

On the H4 chart you can see one of the possible wave counts according to the ElliottWave Principle which also tells us that the movement will continue.

chfsgd-h4.gif

H4 chart

Hourly chart is presented below with a more detailed scenario. Possibly, there will be a small downward correction till the support level of the middle of the long green bar.

chfsgd-h1.gif


Hourly chart

Find more chart analysis on our website.
 
GBP/CHF.
The price reached a strong level of resistance formed by both the previous top and earlier bottom. There are no visible bearish signals at the moment but they can appear any moment. Don't miss them.

gbpchf-daily.gif

Daily chart

On the H4 chart Elliott Wave count is presented. The support line can serve as a signal to sell when it's breached.

gbpchf-h4.gif

H4 chart

More information is on the forex website.
 
EUR/USD.

Several bullish candlestick patterns are on the daily chart of this popular pair: High Wave and Morning Star.

eurusd-daily(3).gif

Daily chart

H4 chart shows us more details. The price is above the moving average and the next aim will probably be 1.37700.

eurusd-h4(3).gif

H4 chart
 
GBP/AUD.

On the charts below you can see Elliott Wave counts of different levels. They say that this pair will go higher. Also the price reached support on the H4 chart formed by the moving average and the level of the previous top. See the charts below.

gbpaud-daily(3).gif

Daily chart

gbpaud-h4(3).gif

H4 chart
 
Hey mate

looks intresesting - will this all continue to be free or are you as vendor of products and services ?

NVP


but anyone with enough chart-watching time will have that kind of knowledge anyway..................and he's charging for it ???:whistling

if it's some kind of profitable signal service then at least it's something.......................:love::love::love:
 
EUR/SEK

The pair was in a descending trend for a long time and now has formed several bullish reversal signals. On the daily chart below there is a perfect Morning Star candlestick pattern.

eursek-daily.gif

Daily chart

On the H4 chart the Double Bottom appeared when the price couldn't go lower than the previous low. Now, after a short correction, the upside movement will continue.

eursek-h4.gif

H4 chart
 
GBP/USD

This pair pushed off the strong resistance level and is going down from now and on. See the daily chart below.

gbpusd-daily(2).gif

Daily chart
 
EUR/SGD.

Bulls didn't have enough strength to break the resistance level on the daily chart and the Bearish Engulfing pattern was formed.

eursgd-daily.gif

Daily chart

On the H4 chart below another bearish pattern occurred - 3 Black Crows. No there is going to be a short upward correction but after that the pair will probably go down.

eursgd-h4.gif

H4 chart
 
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