In light of the upcoming Reserve Bank of Australia (RBA) meeting, the expected cautious approach of the central bank could act as an important contention zone for the AUD, as investors see the bank’s forward guidance to remain unchanged as well as its mention that further rate hikes should not be ruled out. It is worth mentioning that the RBA remains
UPDATE: Previous analysis 14/3/2024 saw the price drop in line with the forecast. And from a technical perspective, the trend is bullish on the main time frame. As shown in the 4H chart, the support zone is 64934. If the price cannot break through, It is expected that there is a chance that the price will rebound. >>GooD Luck 😊 ❤️ Like and subscribe to never miss...
Sellers in the USDCHF tried to extend it to the downside in the early New York session, but were thwarted by swing area support between 0.88187 and 0.88241. The low price reached 0.88225 before bouncing back to the upside. That move higher has now taken out the prior high for the day at 0.8854 and now looks toward the high price from last week and Friday trade at...
We have identified a brief confirmation on the AUDJPY H4 chart. The bearish order block (OB) has been retested and confirmed. Now, it's time to renew the demand zone. Risk reward 1:5
Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸 The market keeps correcting, after setting a new higher high higher close on a daily. Ahead, I see an important confluence zone based on a major rising trend line and a horizontal structure support. The next bullish wave may initiate from there. ...
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can...
We have identified a new Order Block on the GU H1 chart. Although this demand level is not particularly robust, we can consider entering a long position with low risk. The risk-reward ratio for this trade is 1:5.
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY . EURCAD long ! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I...
GBPUSD had its second consecutive down day after Friday, but the downward pressure weakened because Friday's D1 bar had a narrower range than the previous down D1 bar. The price inched down from the lower boundary of the Inside bar pattern, and if the bottom of this pattern is successfully broken, it is likely that GBPUSD D1 will decline further. A small...
GBP/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the...
Monday that the price action looked bullish and the support at $1.2839 looked strong, so I was seeking a long trade from a bullish bounce off this level. However, my analysis was not effective, as the price headed down to $1.2839 but kept going lower without The price has taken more of a bearish turn over the past few days, with the US Dollar getting stronger at...
NZD/JPY Short Minimum entry requirements: • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Bitcoin Price (BTC) Real-Time Live Price Bitcoin (BTC) is recognised as the world’s first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and...
Monday's trading, NZD/USD remained largely unchanged around 0.6084 while the pair showed ongoing sell-off pressure. However, subtle hints of an imminent near-term reversal are beginning to show up on the hourly chart as bears may step out to consolidate their movements
Looking for a scalp short on USDJPY on market open, hit the top of the channel with a rising wedge on bearish divergence should get to the bottom of the channel but will just take profit at resistance. GL
This week was very slow for Gold. The market was consolidating after setting a new all-time high. Here are potential scenarios for next week. If the price drops and closes below 2144 level on a daily, it will confirm the strength of the sellers and a correctional movement will be anticipated at least to 2090 level. Alternatively, a bullish breakout of a...
Markets got overexcited by Powell’s comments, providing bullish investors with a reason to drive XAU/USD upwards. However, the picture has begun to change over the past few sessions, with a new storyline unfolding in the wake of disappointing consumer price data, revealing a stark reality: progress on disinflation is stalling and possibly even reversing
All up, these numbers probably won’t shift the dial on interest-rate expectations, with the first reduction now thought likely to be in June. However, they do underline that the inflation threat remains visible and that near-term rate reductions of any kind can’t be seen as certain yet. Some expected early rate cuts at the start of this year. Now the second half...