Hello,Traders! USD-JPY went up sharply Then hit a horizontal Resistance of 145.00 From where I think We will see a local correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! USD-CAD went up from the Local lows and will soon Hit a horizontal resistance Level of 1.3383 from Where I will be expecting A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello traders, we want to check the EURUSD chart. The price is moving in an ascending channel and has pulled back to the specified support level after failing to break the resistance level. If the price cannot break this support level and stabilize itself above this level, we expect the price to grow again to the specified resistance level. Good luck.
Well, as you can see, yesterday, gold was able to grow up to $2051, and after that, the price dropped again, and it is currently trading in the range of $2038! We have to see whether the NFP statistics will be announced today more than expected or less! If the actual rate is announced higher than the forecast, we will see a heavy fall in gold, and otherwise, gold...
As we expected from gold, when we said that the selling pressure is more, it crossed the 2048 support area with great strength, in this area we did not have a suitable candle confirmation to enter the transaction. Arriving at the next support area that we mentioned before, by observing the pin bar candle Ascending in the price area of 2033, we could enter into buy...
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up. XXX/USD: Slightly Bearish Gold &...
As we can see, the price has rejected a solid resistance at 1.11, it's a 4 years resistance and it seems not to break it up soon. It could fall to TP 1 and bounce up to the resistance trying to break it again, or aggressively fall to TP 2 doing a reset. High volume at resistance and bearish indicator on RSI are good signals to go short
Its time for a Dollar Story ! (previous lin echart idea 100-105 Range; before & after to the current spot) The Dollar Index ( TVC:DXY ) has managed to print 11 Consecutive Green Weekly Candlesticks, rallying up as much as 8 % from its July/2023 99.580 Low. A low violating all Technical aspects, which got us into a Short Idea but not for long before changing...
Dear Colleagues, I suppose that the downward movement is not over. I expect the low to be updated and wave 3 to end in the support area at 2027.800. This target is the nearest one. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear Colleagues, I suppose that price has formed corrective wave 4 and is starting the impulsive movement of wave 5. I see the first resistance area on the way of wave 5 - the area of 1.10416. This is the area that can affect the price movement. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Balance of buyers and sellers on the GBPJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️
USOIL - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy USOIL Entry - 71.29 Stop - 70.17 Take - 73.66 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
EURUSD will most likely close flat today, a price action which is accurately depicted on the neutral 1D technicals (RSI = 51.556, MACD = 0.003, ADX = 38.804). On a wider horizon, this neutrality is a technical consolidation before the next phase of the bearish wave that started on the December 28th High. This chart shows that the whole 2023 has been a Channel Down...
EURCHF has turned bearish on the 1D time-frame (RSI = 31.608, MACD = -0.007, ADX = 35.082) but reached the bottom of the 1 year Channel Down pattern. Considering that the 1D RSI got oversold last week and rebounded above 30.000 this week, this constitutes a technical buy opportunity. We are aiming for the 1D MA50 (TP = 0.94500). See how our prior idea has...
FOREXCOM:EURUSD EURUSD (H1) RSI diverges negatively Buy now at (1.09117) SL at (1.09016) TP at (1.09373) Note: Capital management 2%
By examining the gold chart in the daily time frame, we can see that the price started to fall based on our expectations and was able to corrected up to $2030, and after that, considering that it had entered the demand range, it was again associated with buying demand. And it was able to grow up to $2049! We have to see if today gold will manage to grow to $2056...
Hi Traders! GBPUSD is in a triangle pattern, and there is a possibility of a breakout to the upside above the trendline resistance Here are the details: There is currently some bullish momentum in the market due to the trendline support hold at 1.26123. The overall price action looks bullish; there are signs that the market could be oversold as the market has...
US500 - Intraday Previous support level of 4700 broken. Short term bias has turned negative. We are trading at oversold extremes. We look for a temporary move lower. Preferred trade is to sell into rallies. - We look to Sell at 4700 (stop at 4729) Our profit targets will be 4645 and 4615 Resistance: 4750 / 4820 / 4920 Support: 4610 / 4500 / 4415 Risk...