Hello,Friends! EUR/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 168.879 area....
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to trades inside the upward channel, where it soon reached the support level, which coincided with the buyer zone and broke it. After this, the Euro made a correction to the support line of the channel and then rebounded up and...
Take a look at our analysis for EURNZD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.742. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.745 level. P.S We determine...
Hello,Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 75.09 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
Hello everyone, it's Rena here! This afternoon, the international gold price is trading around $2,330 USD per ounce, slightly up from the previous session. This increase is driven by factors such as expectations surrounding the U.S. inflation report and ongoing geopolitical tensions. Investors are eagerly awaiting the latest U.S. inflation report, which is set to...
4H Corrective approach towards entry zone. Market approaching in Bull Flag formation towards entry zone. -68 Fibonacci level aligning with entry zone. = Buy limit set. 1% risk.
Today, international gold prices are trading around $2,330 USD/ounce, up slightly from the previous session. This price increase is mainly due to expectations for US inflation reports and current geopolitical tensions. If inflation data is higher than expected, gold demand could increase due to concerns about prolonged inflation. A strong US dollar could put...
International gold prices rose sharply at the beginning of the week due to expectations of interest rate cuts by the FED. However, prices dropped later in the week due to two factors: the People's Bank of China temporarily stopped buying gold, and the US economy created more jobs than expected, causing speculation that interest rate cuts would be postponed. The...
Please, check our technical outlook for USDCAD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.376. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
Hi Traders trade we sent to hit our 1st and last profit as analyzed. we just banked our self 190+ pips in 1 trade. Certified Price action King
This afternoon, June 14, 2024, domestic gold prices unexpectedly surged, drawing significant attention from investors. International gold prices have generally increased by 0.73% in the past 24 hours, equivalent to a rise of $16.75 per ounce. The primary reason for this fluctuation is the influence from the international market. Specifically, global gold prices...
The overall price of gold has decreased by -0.67% in the last 24 hours, corresponding to a decrease of -15.54 USD/Ounce. Gold prices continue to decline after the Federal Reserve's announcement of a one-time interest rate cut this year, as inflation remains below the 2% target. This decrease may reflect profit-taking by investors after a recent uptrend in...
Hey friends, What do you think about gold's current movement? Yesterday, after the CPI news was released, gold surged strongly to $2340. However, this rally was short-lived, and prices have since returned to the $2313 level. From a technical standpoint, we can observe that gold had previously experienced a significant drop. The recent upward movement over the...
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About NTRN (Update) The Falling Wedge Formation On 1D Timeframe☑️ Expecting Massive Bullish Wave Towards 2$ In Coming Days⚡️
Hello,Friends! It makes sense for us to go short on SPY right now from the resistance line above with the target of 531.44 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
QQQ - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short QQQ Entry Point - 479.18 Stop Loss - 489.67 Take Profit - 457.67 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
My dear followers, I analysed this chart on USDCAD and concluded the following: The market is trading on 1.3755 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.3706 Safe Stop Loss - 1.3787 About Used Indicators: A super-trend indicator is plotted on either above or...
EUR/USD falls to 1.0700 as the Euro weakens amid French election uncertainty. ECB policymakers see a bumpy inflation path towards the 2% target. The Fed maintaining its hawkish stance will offset the impact of weak US inflation data. The next support level for EURUSD is around 1.066. Traders can pay attention to execute BUY signals. The main resistance level...