Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time traded near support 2, which coincided with the support zone and then rebounded down to the trend line. After this movement, the Euro turned around and in a short time rose from the trend line to support 2, broke this level and made retest. Then the price...
We've detected an impulse pattern for EUR/USD. for confirmation, we need to see the price breaks below the correction line(red line). Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational...
Price is falling towards a support level which is an overlap support that lines up with the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 0.5058 Why we like it: There is an overlap support which aligns with the 61.8% Fibonacci projection. Stop loss: 0.4833 Why we like it: There is a pullback support level which aligns...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0850, positioned close to the breakout level. This...
The XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2343, positioned close to the Top of Channel level. This offers an entry point...
DOG/USD has just bounced off the support level which is an overlap support that is slightly above the 50% Fibonacci retracement and could rise to our take profit. Entry: 0.1564 Why we like it: There is an overlap support level which is slightly above the 50% Fibonacci retracement. Stop loss: 0.1482 Why we like it: There is a pullback support level. Take profit:...
The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse from this level to the 1st support. Pivot: 2,360.43 1st Support: 2,325.31 1st Resistance: 2,373.40 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
The EUR/USD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0820, positioned close to the breakout level....
Technical Analysis of Gold The price remains stabilized in the bearish area, as indicated by the closing of the 4-hour candle below the support line. The price is expected to move between 2348 and 2327. As long as it trades below 2347, a drop to 2327 is anticipated. The bullish scenario will be activated if the price stabilizes above 2348, targeting 2364 and...
Technical Analysis of GBPUSD Stability above 1.2693 will support a bullish trend, targeting 1.2783. Breaking this resistance will lead to further bullish targets. Conversely, a reversal to stabilize below the pivot line at 1.2693 will support a decline towards 1.2627 and 1.2572. Pivot Price:1.2700 Support Levels: 1.2627, 1.2572, 1.2541 Resistance Levels:...
Fed’s Preferred Inflation Measure Rises 0.2% in April, as Expected According to a closely watched measure released Friday by the Federal Reserve, inflation rose as expected in April, with markets anxious about when interest rates might begin to decline. The personal consumption expenditures (PCE) price index, excluding food and energy costs, increased by 0.2%...
hello guys... as you can see OANDA:EURUSD broke the descending channel and now it is on top of the breaking area! FX:EURUSD is forming a descending widening wedge and I put a example of this pattern here! I believe if you wanna get a long position on eurusd, be ready to break the top line of this pattern! ___________________________ ✓✓✓ always do your...
After reaching the 2450$ zone, xauusd OANDA:XAUUSD faced a huge sell pressure that led the gold price to fall into the 2326 zone sharply. We believe the price has more room to fall more until it reaches the 2250-2260$ zone. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team...
The Loonie (USD/CAD) has bounced off the pivot and could potentially rise to the 1st resistance level which is a pullback resistance. Pivot: 1.3661 1st Support: 1.3615 1st Resistance: 1.3723 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may...
XAUUSD has broken the downtrend line and successfully crossed it, followed by a perfect pullback. This suggests potential bullish momentum. Now, the price is poised to rise towards the resistance zone around $2365. For a sustained upward movement, we need to analyze the price response at the resistance zone. If it breaks above this resistance convincingly, it...
Key factors for EUR/GBP trade next week With a European Central Bank (ECB) decision due next week, a trade in the GBP/EUR could be of interest. Presently, the EUR/GBP is trading at the lowest rate since August of 2022. The divergence in monetary policy between the ECB and the Bank of England (BOE) is what could be driving this weakness in the EUR. E ECB...
EURUSD Techncial analyse The price reached the price we mentioned in the previous idea, it was the upper of the channel. Now, after touching the support line the price rebounded and will continue the bullish trend toward 1.08800 and then should break that to get 1.0917 and 1.09575 stability under 1.0796 means will start a bearish trend toward 1.0707, ...
SOL/USD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 175.23 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 188.78 Why we like it: There is a pullback...