Hello traders, we want to check the USDCAD chart. The price is moving in a descending channel and has pulled back to the ceiling of the channel and the specified key level. We expect the price to maintain its downward trend and the price will fall to around 1.36000. Good luck.
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...
Upon reviewing the gold chart on a 15-minute timeframe, we observe that the price is currently trading around $2423. It is likely that in the initial movement, we will see an increase to the range of $2428.5 to $2433. Following that, once the price enters the specified range, we may witness another drop in gold prices. All the important levels for trading have...
Price is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 1.07986 Why we like it: There is a pullback support that lines up wit the 38.2% Fibonacci retracement. Stop loss: 1.07688 Why we like it: There is a pullback support level...
XAUUSD price was able to break through the support level of 2338, so we think it is still in the downtrend and the price still has a chance to test the next support zone at 2302-2279. If the price cannot break through the level of 2279, we expect there is a chance. The price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never...
My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 2358.2 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2402.4 About Used Indicators: The pivot point itself is...
Hello,Friends! The BB upper band is nearby so CAD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.664. ✅LIKE AND COMMENT MY IDEAS✅
✅AUD_JPY was trading in An uptrend along the rising Support but now we are Seeing a bearish breakout So we are bearish bised Now and we will be Expecting a further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
My dear followers, I analysed this chart on USDCAD and concluded the following: The market is trading on 1.3685 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.3638 Safe Stop Loss - 1.3718 About Used Indicators: A super-trend indicator is plotted on either above or...
Hello,Traders! EUR-GBP fell down and The pair is locally oversold So as it is about to retest The horizontal support at Around 0.8500 we will be Expecting a local Bullish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
XAUUSD price is near the important support zones 2365 and 2355. If the price cannot break through the 2355 level, it is expected that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Sell on the theory markets ranges 70% of the time. Sell on the theory markets retraces HALF of the previous move 90% of the time. Wait for 30m LTF breakdown for confirmation.
The GBPUSD pair is approaching the top (Lower Highs trend-line) of the long-term Triangle pattern, having also broken at the same time above the 0.618 Fibonacci. This is around the levels the pair started its previous topping process that led to the eventually Lower High of March 08 2024. We will take the sell when the 1D MACD forms a Bearish Cross and we will...
💥The gold market is being greatly affected by the Fed's policy stance on the length of time it takes to cut interest rates. Experts say that US inflation reports are still not as expected. Thereby, the timing of the Fed's interest rate cut is unclear. 💥Gold's recovery over the past several months has been largely driven by central bank buying, especially demand...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPJPY has been overall bullish, trading within the rising channel in blue. At present, GBPJPY is approaching the upper bound of the channel acting as an over-bought zone. Moreover, it is retesting a strong round number $200. 🏹 Thus, the highlighted red circle is a...
The marketplace is paying near interest to the exertions marketplace, which stays an crucial thing for the Fed`s financial policy. Economists notice that a tightening exertions marketplace will push salary inflation higher, to be able to growth customer fees overall. We anticipate traders will retain to shop for strongly whilst fees fall and we do now no longer...
EUR/CHF has reacted off a resistance level which aligns with the 161.8% Fibonacci extension and could potentially drop to our take profit. Entry: 0.99127 Why we like it: There is a resistance level which aligns with the 161.8% Fibonacci extension. Stop loss: 0.99534 Why we like it: There is a pullback resistance level. Take profit: 0.98315 Why we like it: There...
OANDA:XAUUSD fell to its lowest level in 2 weeks when demand for the US Dollar in the market recovered. A Federal Reserve rate cut in September is looking less and less likely, which is causing some selling pressure on gold. Investors will focus on today's (Friday) speech by Federal Reserve Governor Waller, US durable goods orders and the University of Michigan's...