Hey guys.. what do you think about GOLD (xauusd) please give suggestion in comment,, Despite the US dollar's ascent and lingering uncertainty over US inflation, gold prices have surged for several reasons. Firstly, gold's status as a safe haven asset draws investors seeking stability amid economic turbulence. Secondly, persistent concerns regarding inflation,...
According to the long-term analysis of gold, as you can see, the pullback of the descending channel of the cup handle was completed internally and the next micro-waves were analyzed in a separate post. But this rising wave that started in 2015 can continue its last leg of its ascent in the first range of 1.618, the ratio of wave 1 to 5, up to the range of...
Hello,Friends! CAD/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 111.685 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s red candle means that for us the NZD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 91.697. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s red candle means that for us the EUR/CAD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.467. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GBP/AUD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. 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 1.931...
GBP/USD continues to decline below 1.2500 due to the strong US dollar and political tensions in the Middle East. This not only puts pressure on the British pound but also weakens the UK economy, causing instability in the currency market. Furthermore, the price has broken through the trendline, indicating that the downward trend of this currency pair is becoming...
Take a look at our analysis for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.249. Considering the today's price action, probabilities will be high to see a movement to 1.259. P.S We determine oversold/overbought condition with RSI...
Please, check our technical outlook for GBPCHF. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.140. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.144 level. P.S Overbought describes a period of...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPJPY has been overall bullish , trading within the rising channel in blue. Currently, GBPJPY is in a correction phase, approaching the lower bound of the wedge. Moreover, it is retesting a strong support in green. 🏹 Thus, the highlighted blue circle is a strong area to...
Here is our detailed technical review for NAS100USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 17965.1. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 18176.3 level. P.S Please, note that...
Please, check our technical outlook for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2347.63. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2395.80 level. P.S The term oversold...
The EUR/USD currency pair continues its downward trend following the release of CPI inflation data, with prices dropping to 2,700 USD during the European trading session on Friday. The CPI inflation data release caused the US Dollar (USD) to strengthen significantly, putting downward pressure on this currency pair. This has raised concerns among investors about...
On Friday morning in the Asian session, GBP/USD remained low around 1.2550. Expectations that the Bank of England might cut rates before the U.S. Federal Reserve are weighing down on the British Pound and the currency pair. Indicators are trending downward, and a bearish crossover between the EMA 34 and 89 is adding pressure to the pair. UK Industrial Production...
Hey folks, so here’s the scoop on EUR/USD: This Friday in the early Asian trading session, the pair was trending down, hovering around 1.0728. There's a bit of a modest recovery happening with the U.S. dollar (USD), especially with all the chatter about the Fed potentially cutting rates in September, and that's really putting some pressure on this major currency...
Hey warriors, let's dive into the EURUSD saga! The EURUSD just went through a rollercoaster, quickly sketching out a double top pattern before taking a sharper nosedive post the breach of the 1.083 support level. Currently at 1.074, it's attempting a slight rebound after brushing the 1.073 support, but don't hold your breath for a long recovery. With the USD...
The price of gold is soaring towards the nearly 2390 mark, with expectations that the Federal Reserve will cut interest rates this year. From a technical perspective, on the 1-hour chart, the upward trend of gold prices remains strong and stable. Gold prices are maintaining above the Simple Moving Average (SMA) lines, suggesting that the upward trend may...
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