ConanForex

ConanForex Updated 

Dear traders! On almost every timeframe, gold is remaining positive above a stable parallel trend channel supported by the $2300 mark. But, in general, from the price resistance at 2335 USD, the upward momentum seems weak and there is a possibility that gold will retreat to 2325-2320 with the aim of retesting the 34.89 EMA level to accumulate before strengthening...

ConanForex Updated 

Dear traders! Overall, after Wednesday's surge, EUR/USD retreated and recorded large losses on Thursday. The pair came under pressure on Friday and traded at its lowest since early May, slightly below 1.0700. At the time of writing, the price is stable at 1.0702. The overall outlook from the market remains bearish as the pair continues to trade in a tightening...

ConanForex Updated 

Dear traders. Time to buy EURUSD with strong buyer interest around 1.0720 - 1.0700 area (Due to signs of BB narrowing in a downtrend) Accordingly, the previous price liquidity is still very large So it would make more sense to buy EURUSD and target 1.0865 for a major bull strike (if EURUSD breaks 1.0700 the market structure will change) Manage 2% for account...

ConanForex Updated 

Hello wonderful friends! On the H1 chart, although the downtrend remains dominant amid the correction and sell-off, there are signs of a potential bottom forming at 2295. Current resistance is around $2325 . If this level is breached, it could push gold higher, potentially reaching $2,335, coinciding with a test of gold's local high. What do you think? Do you...

ConanForex Updated 

Dear traders! It's time to buy gold. The BB indicator is narrowing in a downtrend, and it seems that sellers cannot break the support. A recovery candle has formed from the BB limit. Therefore, buy target up to 2335 USD.

ConanForex Updated 

Dear traders! EURUSD is currently in a recovery phase with the bias towards a correction, receiving support at 1.0725. However, overcoming the 1.0900 resistance seems challenging and still on target. Speaking of impactful news: the emerging economic recovery in the Eurozone, combined with the slowdown in the US economy, should bring some support to the...

ConanForex Updated 

Dear traders! It's time to sell gold. A quick test of the 2307 support level and a return to the key resistance level of 2320-2323 would be a good entry point for gold. Sell ​​target targets 2300 USD for a big strike. 2% rule for account management! Good luck

ConanForex Updated 

Dear traders! EURUSD corrects previous losses following yesterday's CPI news. That can be seen compared to the session that broke out of the 1.0800 resistance level and reached 1.0852. But overall, the reaction at the 1.0852 resistance area brought the market quickly back to the important support area and formed a classic (bullish) pattern. At the time of...

ConanForex Updated 

Dear traders! GBP/USD edged lower on Thursday amid increased USD-inspired buying interest. The mixed technical setup warrants some caution before positioning for deeper losses. Before the weekend as long as the daily close above the 1.2800 mark will set the stage for a further upward move. In the short term, GU is likely to gain further upside but a close below...

ConanForex Updated 

Dear traders! GBP/USD retreated from session highs but held above 1.2700 during the European session on Tuesday. The pair's near-term technical outlook highlights a buildup of bearish momentum. In the short term, if momentum sustains above 1.271 then the market will see a recovery but remain capped below 1.2800.

ConanForex Updated 

Dear traders! Just like my previous expectation, EURUSD, after being rejected at the 1.0732 support zone and the bulls tried to hold on, the price has recovered with a corrective trend. According to the Fibonacci tool from Trading View, it is expected that if the momentum increases, the next EU recovery points will be 0.618 (i.e. 1.0802) and 0.5 (i.e. 1.0824) and...

ConanForex Updated 

Dear traders! The Dollar Index price is currently falling near solid support at 104.97 including several old peaks that appeared at that height. The blue 89 EMA simple moving average also located at 104.80 will likely provide some support. On the downside, a decisive break below support at 104.97 would signal a downside continuation to a possible target at the...

ConanForex Updated 

Dear traders, EUR/USD is having difficulty holding the 1.0800 support level recently. The upside is limited above this support level as rising political uncertainty in the EU, following the snap election in France, weighs on the Euro. Meanwhile, upbeat US NFP data tempered Fed rate cut expectations, adding legs to the US Dollar's rally. EU Sentix data...

ConanForex Updated 

Dear friends Gold prices increased slightly despite the recovery of the USD as investors are still "waiting" for important US inflation data and the results of the US Federal Reserve's (Fed) policy meeting to know more details on the central bank's plan to cut interest rates compared to the inflation target. Currently, traders are worried about the Fed's policy...

ConanForex Updated 

Dear traders! XAUUSD is consolidating above the $2308 level, but at the same time a descending wedge is forming. Theoretically, the price should break the support, which would constitute a breakout at the 2308 level. On H1, the support level 2308-2308 formed and the price has been pressing towards the support level for several hours, which increases the...

ConanForex Updated 

Dear traders, I am Conan! Today, I want to share with you an extremely exciting update on medium and long-term gold. Overall, Gold is currently at a historic peak and all signs indicate that prices will continue to explode in the coming years. As you can see On the chart, we can see a strong developing cup and handle pattern on the monthly timeframe. This is a...

ConanForex Updated 

Dear traders! Gold's consolidation continues to build and gain some positive traction on the first day of the new week and partially reverse Friday's post-NFP decline to the $2,287-$2,286 area, or above lowest in a month. However, gains remain limited due to the strengthening US dollar, which tends to weaken demand for USD-denominated goods. In the short term,...

ConanForex Updated 

Dear traders! GBPUSD is trading on an uptrend base that remains steady above the 1.2700 breakout zone. With the above high level remaining, it is likely that resistance will be set as the next target in the short term, but in the medium to long term it is likely that the 1.2864 resistance area will be followed by a The correction aims to accumulate liquidity...