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AUDUSD Daily Analysis 1/19/20AUDUSD Short Idea The monthly, weekly and 4 hour time frames are all bearish while the daily is bullish. Although the daily is bullish we have seen significant resistance around our monthly level at 0.70000 and price action looks to be forming a head and shoulders pattern. For the head and shoulder pattern to be confirmed we need to see a break of 0.68500 We can then look to target toward our next major support level around 0.68000 followed by 0.67000
Short
by ForexLeague
DXY (USD INDEX) Daily Analysis 1/19/20DXY Long Idea The monthly, weekly and 4 hour are all bullush while the daily time frame is bearish. We can see price action has been forming lower lows and lower highs on this timeframe but has found some support around 96.50 We are looking for bullish opportunities as the major trend suggests an upward movement to come. We first need to see a break and retest of 97.80 to confirm a higher timeframe bullish continuation. Potential for price action to reach 98.50
TVC:DXYLong
by ForexLeague
AUDJPY 4hour Analysis 1/11/20AUDJPY Long Idea Higher timeframes are all very bearish except the daily. On the daily timeframe we can see that AJ has been in a bullish trend since October much like AU We recently saw a fake out which formed the last higher low and price action has maintained this daily channel Now we are looking for a retest of broken resistance around 75.200 followed by some strong bullish setups. We’re looking to target toward our monthly resistance around 77.000
Long
by ForexLeague
AUDUSD 4hour Analysis 1/11/20 AUDUSD Long Idea The monthly & weekly timeframes are very bearish, however, the daily timeframe has been in a bullish trend since October 2019 Recently we have seen the 88.6% fib level tested followed by a confirmed higher low Sticking with the daily bullish trend we would like to see a retest of minor broken resistance around 0.68800 followed by strong bullish setups We would then look to enter long and target back toward our 0% around 0.70200 If we see a fail to push higher it is likely price action will test the supporting daily trend line
Long
by ForexLeague
DXY Daily Analysis 1/11/20 DXY Short Idea DXY remains very bearish on higher timeframes but we have been seeing deep fib retracements in this area. If price action confirms this daily lower high we would be seeing large bearish movement If price action is to turn bullish we still want to see a break and retest of resistance at 97.75 Trade the trend! Until we see that transition happen we will continue to look for bearish setups on the daily and 4hour timeframes. Potential for DXY to drop to 96.00 if this daily bearish trend is confirmed
TVC:DXYShort
by ForexLeague
EURJPY Daily Analysis 1/5/20EURJPY Long Idea This daily time-frame has been very bullish and is looking to continue this trend. Let’s keep in mind that the weekly and monthly time-frames are bearish On the daily we can see price action has pushed back down into the range between 119.500 - 120.000 Before we can enter a trade and continue with this bullish trend we need to see a break and retest of 120.000 with plenty of confirmations We are looking to target toward 123.000 once we have identified significant confirmation
Long
by ForexLeague
AUDJPY 4hour Analysis 1/4/20AUDJPY Long Idea On the daily and 4 hour time-frame we can see that AJ has been very bullish however, on the higher time-frames price action shows to be very bearish Continuing with the most current trend we’re looking for long setups until we see a significant transition (break of a higher low) then our bias will change At the current support level we can see that we have a 100% fib retracement and from here we’re looking for strong bullish setups before we target higher.. Our target for this pair will be our major resistance level around 77.000 and our -27% fib level
Long
by ForexLeague