Today the currency pair has good chances for a slight recovery. The immediate support at 1.34200 provides a good long entry point. A good target for this upward movement is the level 1.35000. It is dangerous to set too big trargets, as the downtrend continues. Today the currency pair has good chances for a slight recovery. The immediate support at 1.34200 provides...
And so, it keeps the mood for the fall, which takes place within the framework of the correction. A deep drop is not expected, but the price area around 80.45 is likely to be tested. Another support is slightly lower at 77.85, which will add confidence to buyers too and force some sellers to leave the market for a while. Remember, there is no place for luck in...
The EURUSD pair started the week in a negative way. Buyers cannot find an entry point for themselves, and sellers do not leave the market. But today a bounce up is likely, which would win back some positions for buyers. The target for such a small growth will be approximately the level of 1.13500. But you need to be vigilant and do not keep BUY-positions so long,...
And so, a slight recovery is expected for GBPUSD as well. The trading range for today will pass as expected within the range 1.34115 - 1.35400. Good longs are seen around 1.34115. The closest target will still be the level of 1.34825, or the target will locate in the price area 1.34825 - 1.35400. Remember, there is no place for luck in trading - only...
➡️ The instrument retains its potential for growth. At the moment, the price is in the range of 1845.330$ - 1865.885$ . Fixing the price above this price area will allow GOLD to reach 1900$ , and then strive for 2000$ . Today, there are two ways for the development of events: a more aggressive entry and a conservative entry. As the main one, I single out the...
And so, GOLD is trading at 1866 and the price is still expected to fall. This option is much plausible, but no one ruled out a shot upwards. Downward, the price will be supported already starting from the level of 1840. A deep pullback in case of a fall is not expected now. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
The currency pair continues to show bearish mood. Yesterday prices came close to the level of 1.13500. This trend is expected to continue. The price may reach the 1.13000 level this week. Have a nice trade!
And so, the index is in the stage of correction. Now the instrument is likely to continue its downward movement within the framework of this very correction. Globally, this correction is presented on the D1 chart, so this downward movement will look impressive on H1. A "head and shoulders" formation is easy to spot at this point. In addition, the price is under...
➡️ As the ministers of many oil-producing and oil-exporting countries declare: "at current prices, there is no risk of falling demand." Demand is unlikely to fall, but still, time will tell. As for prices, there is a very high probability of a further downward rollback. This is not a downward trend change. Yet, the main bullish momentum is strong by the...
And so, the currency pair is slowly but surely going up locally. Small movements in such an uptrend also provide entry points. Today it is expected to rise to the resistance level 1.04445, from where sellers will try to push the price down to 1.04243, that is the nearest support. Remember, there is no place for luck in trading - only strategy! Thanks for the...
And as it was announced on Monday, the downtrend will develop in the currency pair. Despite the fact that Monday was not rich in news, EURUSD dropped significantly. At the moment, it is difficult to determine the optimal entry point, since it is not entirely clear how the price will move now. It is only clear that the downtrend is strong, and it is very dangerous...
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Hi guys! Pay attention to the breakout of short-term resistance line. Best regards
And so, in terms of GOLD, the position does not change. Growth is likely to continue after rollback. So, at the beginning of the week, we are waiting for a rollback to 1833.185, and then we will consider buying. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, at the beginning of the week, it is not yet clear how the instrument will behave. The downward movement is clearly prevailing. Any significant strengthening for the Pound is not expected. It is assumed that the first half of the week the price will trade below 1.34115. Remember, there is no place for luck in trading - only strategy! Thanks for the likes...
➡️ In the medium term, GOLD will grow. The FED is in no hurry to raise interest rates anytime soon. This, combined with high inflation, creates a perfect mix of negative real rates for GOLD. The combination of the current FED policy and the simultaneous rise in inflation indicates an increase in the price of GOLD. Of course, the goal of such a campaign will be...
By looking at the falling crude prices one may think that investors are moving somewhere else. Those who bet earlier on rising crude prices are now holding their positions in precious metal contracts that have a potential to rise further. So why are crude prices falling? Firstly, we should note that after its last meeting OPEC+ decided that no additional increase...
And so, the US dollar has recently appreciated due to rising inflation, which has led to higher interest rates in the United States. For a short period of time, the pair can be supported by buyers. New Zealand commodities should also provide support. But in the medium term, the price will fall. Remember, there is no place for luck in trading - only...