Hello dear traders! In the short term, as mentioned earlier EURUSD is consolidating above high levels with trading activity on the 4 hour time frame. But at the same time there is a potential top at the May high of 1.0812, support is around 1.0755 if this level is breached it could send the EU lower potentially reaching 1.0700. In the medium and long term, the...
The USD/JPY pair is currently signaling a buying opportunity with a favorable entry point at 153.80. This suggests that investors may consider initiating long positions at this level. To capitalize on potential gains, traders can set multiple take-profit levels: first at 154.00, providing a conservative profit target, followed by targets at 155.50 and 156.00 for...
The current selling zone for the CAD/JPY currency pair is at 112.643. This indicates a strategic opportunity to capitalize on potential market movements. Setting take profit levels at 111.562, 111.053, and 110.500 allows for staggered exits, maximizing potential gains while mitigating risk. Meanwhile, placing a stop loss at 113.019 serves as a safeguard against...
The current optimal buying zone for the GBP/USD pair stands at 1.25680. This indicates a favorable entry point for traders looking to capitalize on potential upward movements in the exchange rate. Setting precise profit targets is essential for effective trading strategies. Take profit levels are suggested at 1.26017, 1.27217, and 1.28148, offering multiple...
The AUD/USD pair is currently signaling a favorable buying opportunity with a price point at 0.66206. This entry point suggests potential for profit as the market moves towards the projected take profit levels. Strategically, investors may consider setting their take profit levels at 0.67452, 0.68473, and 0.68810, aiming to capitalize on potential upward movements...
The USD/CHF currency pair is currently presenting a promising buy opportunity at the price level of 0.90598. Traders may consider setting multiple take-profit targets to maximize potential gains: at 0.90867, 0.90600, and 0.91588. It's crucial to incorporate a stop-loss order at 0.90205 to mitigate potential losses and manage risk effectively. This strategy aims to...
The GBP/JPY is currently signaling a sell opportunity with its price hovering around 193.40. This level presents an ideal entry point for traders looking to capitalize on potential downward movement in the currency pair. With multiple take profit levels set at 192.50, 193.00, and 192.00, traders can strategically exit their positions at various stages to lock in...
The EUR/USD currency pair is currently presenting an opportune buy zone, marked at 1.07783. This suggests a strategic entry point for traders seeking to capitalize on potential upward movement in the exchange rate. Setting take-profit levels at 1.08600, 1.08800, and 1.09000 offers a layered approach to securing profits as the pair ascends. Meanwhile, implementing...
The hesitant movement of the US Dollar (USD) seems to have provided enough momentum for the continued upward movement of EUR/USD at the beginning of the week. However, this pair has failed to retest or surpass the key barrier at 1.0800 during its fourth consecutive day of gains. The anticipated sideways trend is expected to persist, with the pair soon...
The EUR/USD is trading within a tight channel around 1.0750 at the start of Monday after closing last week positively. The technical picture suggests that this currency pair may continue its upward momentum in the near term as the price range widens. Disappointing data releases from the US weakened the US Dollar (USD) against its counterparts on Friday, boosting...
Today, EURUSD continues to move within a descending price channel, with the pair currently trading around the 1.076 level and approaching the upper boundary of the channel. Another downward movement is expected as the selling side continues to firmly defend the price channel!
Pair Name : EUR/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 165.650...
🏃♂️ EURUSD is moving near the 🔴 Resistance zone($1.0806-$1.0781) 🔴. 📈According to Classical Technical Analysis , EURUSD seems to have succeeded in forming an Ascending Broadening Wedge Pattern . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect EURUSD to at least decline to the 🎯Target🎯 I have marked on the...
Hello all dear traders! EUR/USD fluctuated in a tight channel slightly above 1.0750 early Monday after closing last week in positive territory. The technical picture suggests that the pair could continue to rise in the short term. Speaking of short-term upside: the release of disappointing data from the US has caused the US Dollar (USD) to weaken reinforcing...
📌GBP/USD continues to gain momentum, currently trading around 1.2550. The pair's strength comes from financial market predictions that the BoE will reduce interest rates from its September meeting, in line with expectations of a similar move by the Fed. 📌Speculation about the BoE moving to cut interest rates has been postponed due to concerns about strong UK wage...
Hello dear traders! U.S. dollar (USD) indecision appears to have been enough to fuel the continuation of the EUR/USD technical uptrend move at the start of the week. However, the pair failed to retest or surpass the key 1.0800 barrier for a fourth consecutive daily advance. Looking ahead, relatively weak economic fundamentals in the Eurozone, coupled with the...
The EUR/USD pair on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a triangle pattern. Entry: Consider entering a short position (selling) below the broken support trendline of the triangle after confirmation. Ideally, this would be around 1.0770 or lower if the price continues to decline. Target Levels: 1.0704: This...
📉 🚀 EURNZD Market Update: Bearish Momentum with Technical Targets 🎯💼 Forex Traders, key insights on EURNZD: OANDA:EURNZD 📉 Trend Breakdown: EURNZD has experienced a breakdown from its upward trend, marked by a strong bearish candle. This move indicates a potential shift in market sentiment towards the downside. 🔄 Retracement and Support: After breaking...