For the USDJPY currency pair, we are considering a downward correction to the last accumulation. It should be noted that the bullish sentiment remains, and this supposed movement will take place within the re-test. For now, you shouldn't think about large shorts. Have a nice trade!
Buyers on GBPUSD are going through hard times, but at the moment the currency pair is likely to recover. Despite the strong dollar at the moment, GBPUSD, having overcome the 1.34000 mark and consolidated above it, will send the price straight to 1.35000. Have a nice trade!
And so, a small rise in GOLD is expected to test the nearest resistance 1806.965. The instrument is still under the influence of the bulls. The current correction was contained by the support zone 1770 - 1785. At the moment, it is assumed that buyers will be able to defend their positions in the market and bring the price back to 1800 in order to aim higher from...
And so, the Euro is still trading near the level of 1.12370 and does not move significantly. This moment prompts certain sales, but still a slight rise to 1.13200 is expected. In the event that the price continues to consolidate at the current levels, then most likely it will give a signal to sell. Remember, there is no place for luck in trading - only...
Hey traders, WTI Crude Oil is approaching a key daily demand zone. 73.0 - 75.0 is the area on focus. To catch a pullback from that watch a falling parallel channel on 6H time frame. Your trigger to buy will be its bullish breakout. Then buy aggressively or on a retest. Goals will be 79.1 / 81.3 In case of a bearish breakout of the blue zone, the setup will...
Buyers on XAUUSD for Monday significantly retreated to 1800. At the moment, the price is trying to consolidate below 1800.120. In this case, sellers will push the price up to 1770.253. In principle, the upward movement has not yet been broken, but it makes you think and be careful. Have a nice trade!
For USDJPY, the price has come out of accumulation and is heading towards new local highs. The growth target lies in the price range 115 - 116. Have a nice trade!
And so, as it was stated in the previous ideas, GOLD still fell, although even lower than expected. But this was taken into account in the forecast. At the moment, some kind of support can be expected only from the level of 1785. From where the price can rise again to 1800, and in case of consolidation, buyers will restore their positions. Remember, there is no...
And so, the USDJPY currency pair will most likely continue to strengthen. The growth target is the level of 115.500. Support level 114.450 will encourage this move. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Markets finished last week with sell-offs. Crude is among the most suffered markets as the Brent crude benchmark fell by 4.5% to $78.47 per barrel. Lockdowns in Europe and expectations of possible interventions of the United States and China are pressuring crude prices. Last Friday the Austrian government announced a 10-day lockdown that could even be extended....
And so, the upcoming trading day for GOLD is likely to continue in a bearish mood. Support at $ 1850 during the kink by sellers targeting $ 1833,185. At this level, the metal price will already be actively supported by buyers, as expected. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Continuation of the downward movement is expected for GBPUSD. A slight recovery is expected, which is unlikely to reach the nearest resistance at 1.35500, after which the downward movement will continue. The target of the fall is 1.33500 so far. Have a nice trade!
The price for the EURUSD currency pair is in a downtrend channel. The downtrend remains. The beginning of the day for the pair today would be negative, in the second half of the day a recovery is expected up to the resistance line of the descending channel. Have a nice trade!
And so, the Euro, most likely, at the very beginning of the week expects a small regular downward movement. This downward movement is limited, and it is assumed that after the price will rush to 1.13000. The chart also depicts a probable downward channel that began to form on November 17th. Roughly speaking, the price movement is now expected within the boundaries...
I am a Muslim so there are issues about the halal-ness in trading CFD, particularly the Brent CFD (BCOUSD in Oanda) My solution for this is to buy an ETF that tracks oil companies (Oil companies stock price movement generally moves almost the same as the price movement of Brent and WTI). I found either FENY and XLE as great ETF for this. Unfortunately USO and UCO...
➡️ The trading week ended for GOLD at 1845$ . At the moment, there is a possibility of a downward rollback. Thus, a downward movement is expected at the beginning of the week. There is support at the level of 1834.340$ , that will play a big role in the coming week. If the price manages to consolidate below this level, it will be very unpleasant for buyers,...
it will cont to downtrend i think if its not goes up! beware of box