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April2019

AUDUSD / H4 / Daily Forex Technical Analysis / 4.30.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 30th, 2019 and we will be taking a look at the Australian Dollar against the U.S. Dollar. Now keep in mind we do have the China manufacturing numbers (PMI numbers) coming out today, certainly a key report which may have a news effect on the AUDUSD as well. Looking at the 4 hour time frame here we're looking for a news trade where price action retraces to the .70081 region, setting us up for a long opportunity if we get some bullish rejection at these levels. Entry for a Long position near the .70065 area, with a Stop Loss near the .69823 area below the lows, with a target of the .70552 area for what can possibly be a profitable trade with a 2.01 to 1 R/R.
Long
by FuturesForexClasses
NZDCHF / H4 / Daily Forex Technical Analysis / 4.29.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 29th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. The overall structure we are currently seeing is a nice triple bottom off the .67203 region and price action heading back up towards a key resistance area near the .68165 zone. Looking at the 4 hour time frame what we're looking for is price action to reach these levels for optimal conditions to enter a profitable trade. Entry for a short position near the .68161 area, with a Stop Loss near the .68314 levels, to possibly ensure a profitable trade with a 2.02 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Short
by FuturesForexClasses
GBPJPY / H4 / Daily Forex Technical Analysis / 4.25.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 25th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 4 hour time frame we can see price action moving back towards a major support zone near the 144.166 area. If price action can reach these levels and hold as support once again we will be looking for a profitable entry long. Entry for a Long position near the 143.842 area, with a Stop Loss near the 143.222 region, could ensure a profitable trade with a 2.43 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
EURCAD / H4 / Daily Forex Technical Analysis / 4.24.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 24th, 2019 and we will be taking a look at the Euro against the Canadian dollar. Looking at the 4 hour time frame we can see price action may be again rejecting the 1.5097 area. If we can see a minor retacement here back down to support level area of 1.504, a Long entry near the 1.5038 area with a Stop Loss near the 1.50092 region below our support zone. And a target profit level of 1.50973 that could ensure a profitable 2.06 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
USDCAD / H1 / Daily Forex Technical Analysis / 4.23.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 23rd, 2019 and we will be taking a look at the U.S. Dollar against the Canadian dollar. Looking at the 1 hour time frame we can see price action has retraced back around to the 1.33631 area. Price action coming back to these levels coincides with the 50% fib retracement level and seeing a rejection here, we maybe getting another opportunity to set our selves up for a profitable short position. Entry for a Short position near the 1.33631 area, with a Stop Loss near the 1.33725 zone, could ensure a profitable trade with a 2.06 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Short
by FuturesForexClasses
US Dollar Currency Index / D / Weekly Forex Analysis / 4.21.2019Hello Traders, Happy Easter and welcome to the Weekly Forex market analysis. Today is April 21st, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the daily chart and take an outlook into the upcoming week. Looking at the Dollar Index here on a daily time frame, we can see a rising wedge type formation still playing out for a few months now. Last week we were looking for the retest of 97.701 area didn't quite get to the top of the wedge. Overall on the week the dollar has gained some bullish momentum and strength, threatening the highs of 97.701. We are going to be watching this area again into this week of 4/22/19. If we can break out of this 97.701 area which is acting as major resistance we can possibly see continuation towards the 98.687 area. On the other hand if we don't see a rally towards 97.701, then be mindful of a possible retest of support near the 96.288 area. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
INDEX:DXY
by FuturesForexClasses
GBPJPY / H4 / Daily Forex Technical Analysis / 4.18.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 18th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 4 hour time frame we can see price action has retraced back to the 145.859 area and its now acting as support, where previously it was acting as resistance a few times. As price action holds near the 145.859 area as support we will be looking for some more bullish continuation to possibly enter for a Long position. If we get more bullish candles to print to the upside we would be looking for a Long entry near the 146.243 area with a Stop Loss near the 145.687 region below our support zone. And target our profit level of 146.243 to ensure a profitable 1.95 to 1 R/R. We are so pleased to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
EURAUD / H4 / Daily Forex Technical Analysis / 4.17.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 17th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 4 hour time frame, looking at the overall structure price action keeps confronting the 1.57326 area as resistance and were looking for a break to the downside. So ultimately what were looking for is a break of the marked area 1.57111 as we see stops get trigger and potentially get a nice move to the downside. With multiple rejections at this area were looking to go Short near the 1.57118 area, with a Stop Loss near the 1.57846 region, to ensure a profitable trade with a 1.88 to 1 R/R. We are so humbled to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Short
by FuturesForexClasses
AUDCAD / H4 / Daily Forex Technical Analysis / 4.16.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 16th, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. Looking at the 4 hour time frame, we are looking for a retest of the .95689 area to look for possible long entry. Entry for a Long position near the .95689 area, with a Stop Loss near the .95512, could yield a profitable trade with a 2 to 1 R/R. Also keep in mind traders if we take out the local high there is room to run to the next area of support and resistance which would be near the .9630 area and breaking that region would put our next target level near our marked area .96558. We are so humbled to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
AUDUSD / H4 / Daily Forex Technical Analysis / 4.15.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 15th, 2019 and we will be taking a look at the Australian Dollar against the US Dollar. Looking at the 4 hour time frame, following the breakout of the wedge were looking for some more bullish continuation to the upside. With possible bullish momentum continuing to extend this bull flag that is forming we are looking to go Long and get some more pips out this one. Entry for a Long position near the .71655 area, with a Stop Loss near the .71498 zone, to ensure a profitable trade with a 2.39 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
US Dollar Currency Index / W / Weekly Forex Analysis / 4.15.2019Hello Traders, welcome to the Weekly Forex technical analysis. Today is April 15th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the daily chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see a rising wedge type formation playing out. Last week we were looking for the retest of 97.701 area didn't quite get to the top of the wedge. We are going to be watching this area again into this week of 4/15/19. If we can break out of this 97.701 area which is acting as major resistance we can possibly see continuation towards the 98.687 area. On the other hand if we don't see a rally towards 97.701, then be mindful of a possible retest of support near the 95.960 area. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
INDEX:DXY
by FuturesForexClasses
EURCAD / H4 / Daily Forex Technical Analysis / 4.12.2019Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 12th, 2019 and we will be taking a look at the Euro against the Canadian Dollar. Today we are unfortunately a bit late to the Daily Forex analysis, but there is still some life left to this analysis, and we can can analyze the outcome together. Looking at the 4 hour time frame we were looking to enter a Long position near the 1.50498 area, with a Stop Loss near the 1.50226 area, would have ensured a profitable trade with a 2.24 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
EURUSD / H4 / Daily Forex Technical Analysis / 4.11.2019Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 11th, 2019 and we will be taking a look at the Euro against the U.S.Dollar. Looking at the 4 hour time frame we can see we have made a series of higher lows and price action is now consolidating above major key support and resistance near the 1.12548 area. With this consolidation we will be looking for a optimal long position to set its self up. If we break out to the upside past the most recent highs, it could set up a profitable long. With a long entry above the local highs around the 1.12881 area, with a stop loss near 1.12477, and a profit target area of 1.13605, we can ensure a R/R of 1.79 to 1. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
1
USDCAD / H4 / Daily Forex Technical Analysis / 4.10.2019Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 10th, 2019 and we will be taking a look at the U.S.Dollar against the Canadian Dollar. Looking at the 4 hour time frame we can see consecutive lows throughout the current area of support near the 1.32951 levels. We can see price action have a beautiful bullish rejection of the 1.32951 support area. With that bullish bounce it may be possible to get a minor retrace closer to that area of support setting us up for what can be a trade within optimal conditions to be profitable. With an entry Long near the 1.33091 area, with a stop loss set near the 1.32803 area below the low of the bullish reversal. Targeting the 1.33668 profit level may ensure a profitable 2 to 1 R/R. We are so grateful to have you as an audience, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
EU - APRIL FOOLS! DONT GET FAKED OUT!Price just made its way into a previous monthly resistance that could hold as support for a little longer. We definitely had some buyers waiting there in the previous months showing the strength of this level. (ORANGE LINE) 1.12150 is our support which has been holding back that bearish momentum. There's also a break of structure on 4h at this level. Reinforcing my speculation for about a 100 pip pull pack. Targeting our daily LH for 100% retracement. My bias will change if the market closes below the 4h support. If that happens I will wait for the market to show me a high probability trade. The beginning of the weeks and months are hectic. so be careful not to get caught up in the mess. This is just speculation from my experience with EU. It's known for saying goodbye before leaving a range. I also have 2 take profit levels in case the market turns around sooner. I want to remind you to not piggyback of my ideas and have your own bias. I will be fine if my trade works out or not. RM is key.
by danielcabreja