The EUR/USD pair is trading in a local uptrend, which can be recognized by looking at the previous green 1W candle. On the 6H time frame, this pair is going down however the BB indicator is showing a sideways trend after expanding. Therefore, we are looking to buy a pair with the lower BB line acting as support. The next target is the 1.088 area.
Hello traders, hope you like this trading idea. In the coming days, I think we will likely see a short-term uptrend in EURUSD to the indicated level, so with a suitable trigger, we can open a long position. and finally tell me what do you think? Up or down? Leave your comments below. If this article is useful to you, please like and share with your friends. Thank.
Dear traders! USD/JPY remained on the weak side during the Asian session on Monday, weakened by recent cautious comments from BoJ policymakers and a broadly depreciated US dollar. The pair did not benefit from the modestly upbeat market mood as thin trading limited movement. In terms of medium and long term, I am personally still optimistic about the prospect of...
Dear friends! Gold is forming a bearish wave, after updating a new peak above 2450 USD to 2334 and closing below this level. In which Price is testing strong support amid changing sentiment, it is likely that we may witness a recovery but it is unlikely to last long as it approaches the resistance level of 2400 USD. Buyers are probably still weak amid corrections...
Dear traders! Today, world gold price closed at 2,334 USD/ounce, up 9 USD compared to the lowest price in last night's trading session of 2,325 USD/ounce. The precious metals recovery is underpinned by a pick-up in US manufacturing activity. Meanwhile, a recent poll by the University of Michigan (USA) shows that consumers have mixed expectations about the...
From the Chart, you can see first the bhargat forge broke the TL with such good volumes. It consolidated for few days and gave another breakout. Wait for the stock to retrace/pullback for entry.
Hello friends! The trend of gold is still down after profit-taking pressure from 2345 USD, at the time of writing the price is trading with a slightly more positive outlook and reached 2338 USD emphasizing a 0.42% increase on the day. But overall, gold is receiving good support from the 2325 area. It is expected that the price will recover to the 34.89 EMA levels...
Dear traders! USD/JPY was volatile on Friday, ending near where it started the day, just below 157.00, as investors looked to restore balance after a tense week. Next week's forecast: Fedspeak and PCE remain in focus Inflation Japan's national consumer price index (CPI) dropped to 2.5% year-on-year in April, but the Bank of Japan (BoJ) is still determined to keep...
Dear traders! GBP/USD recently recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on disappointing UK Retail Sales data . GBPUSD's upside stalled over the weekend below strong resistance at 1.2750 in a bearish framework as the USD struggled to find demand on the upbeat risk mood and allowed the pair to...
Dear traders! Gold continues to form a wave of decline, in which gold last traded at 2,330.1 USD/ounce, down 52 USD compared to yesterday morning. In the context of profit-taking pressure continuing to increase as investors continue to worry about when the US will cut interest rates as well as the strength of US business activities. It is expected that in the...
Dear traders! The upward momentum is still well supported after exiting the falling wedge by a positive outlook amid changing sentiment. With the ability to create DOW from the chart, using the Fibonacci measurement tool from Tradingview. I expect the uptrend to still be well supported from 0.786 potential targets on M3 are 180.57 and 231.38 as indicated above...
Hello dear traders! Before that we saw the trend change then the market entered a correction phase and consolidated below the uptrend channel support and reached 1.0808 (as of now). In summary, the EU is forming a bearish wave, in which it is gradually falling from 1.0861 to strong support as the market is caught in a wave of selling. Prices are testing strong...
Dear traders! On the 1-hour timeframe, we see GBPUSD confirm a drop below 1.2700 and reach 1.2686, after which the price quickly pulled back and retested liquidity amid a correction and sell-off. The price reaction to the established liquidity zone is consistent with our selling outlook. Expecting a more solid selling strategy, Conan is waiting for a drop to at...
Dear traders! As Conan predicted earlier, the GBP/USD pair remains well supported across the price channel amid hotter-than-expected UK CPI inflation data, reducing interest rate cut bets on June from the Bank of England. So the lack of change from yesterday's session above 1.2720 on Thursday and the consolidation above 1.2700 in time should not come as too much...
Hello dear traders! On the 2-hour timeframe we see a trend change, then the market moves into a correction and distribution phase and reaches 2355 USD. Accordingly, the USD 2350 resistance area continues to hold the price amid correction and sell-off. I expect that after a retracement and retest of local liquidity areas, the price reaction to liquidity areas will...
Dear traders! In general, after successfully breaking the resistance level above the Symmetrical Triangle channel, the price has confirmed and the recovery momentum has increased in materialization and distribution. It is now aiming to test local highs, but the upside momentum still looks likely to lack momentum before strengthening further. At this point we are...
Hello dear traders! GBP/USD maintained stability at 1.2700 early Tuesday after remaining largely unchanged during the week's opening session. While the technical outlook still suggests a continuation of the uptrend, the pair's price action could remain difficult ahead of key inflation data from the UK on Wednesday. Technical analysis: The bullish outlook is...
Hello dear traders! Overall, the pair remains supported amid rising US Treasury yields and the US dollar after Fed officials adopted a cautious stance on the policy and inflation outlook. The CME FedWacth tool shows a 68% probability of interest rates falling from current levels in September, down from the 73% seen after the release of mild inflation data. On the...