From a technical standpoint, the price of gold has experienced a period of stability and upward movement over the past two weeks. This indicates that the price oscillation range is still holding within the area of resistance turned support, with prospects for a breakout to the upside. On the other hand, recent downward adjustments have found support around the...
Hello everyone, today GBPUSD continues its downward trend, with resistance at 1.267 acting as a significant barrier for this currency pair. From a technical perspective, I expect the price to decrease, favoring a SELL strategy once it touches the EMA again, as the EMA 34 is signaling a sell through trend reversal. The support level at 1.259 will determine...
Hello everyone, let's dive into the EURUSD dynamics together! The EUR/USD pair has extended its decline from the previous day's rejection at the Simple Moving Average (EMA) resistance around the 1.0865 area, facing selling pressure for the second consecutive day on Wednesday. Nonetheless, the spot price endeavors to stay above the 1.0800 mark during the Asian...
Yesterday, gold shimmered in green, touching a peak of $2,200 during the overnight session for North American traders amidst a softer US Dollar. As Wall Street came to life, the Greenback prolonged its recovery phase, while a dip in US Treasury yields allowed the lustrous metal to sustain its verdant glow. The 4-hour chart hints at easing upward pressure, with...
Sure, let me rephrase that for you in a more engaging tone: "Welcome to today's golden insights, fellow traders! 🌟 As the dawn of Wednesday unfolds, the lustrous gold has taken a modest step back, hovering around $2,170 despite yesterday's leap toward the $2,200 mark. The greenback is flexing its comeback muscles, yet the Treasury yields seem to wobble amid the...
Hello,Friends! NZD/JPY is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of...
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 104.198. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.970 level soon. P.S We determine oversold/overbought...
Hey Traders, in today's trading session we are monitoring NASDAQ for a buying opportunity around 18220 zone, NAS100 was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 18220 support area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90100 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90100 support and resistance area. Trade safe, Joe.
Hello, dear friends! Today, EURUSD continues to demonstrate its resilience with bullish candles, maintaining its stance above the 1.080 level. The technical outlook remains positive for this pair, but it needs to break through the 1.086 resistance level to solidify its upward momentum. Conversely, a breach below the marked support level could lead to a significant...
Meh.. What is POLYX anyway? ENTRY: $0.593 TARGET: $0.865
Today's Gold Market Insight: Struggling to capitalize on yesterday's modest gains, gold (XAU/USD) fluctuates narrowly around the $2,170 mark during today's Asian session. Yet, it's wise to hold off on aggressive bearish bets against this precious metal, especially considering the recent retreat from the record highs near $2,223 reached last Thursday. The Federal...
#ALT/USDT #Analysis Description --------------------------------------------------------------- + The price of ALT is currently hovering around the resistance level, suggesting a potential breakout. + If the price manages to successfully breach the resistance level, it presents an opportunity to enter a long position. + I plan to initiate a long position once the...
After a strong Demand zone was created i will be buying more in my supply zone that broke structure second entry again my main target is the top high
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 81.30 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 81.30 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2164 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2164 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85500 support and resistance area. Trade safe, Joe.
Hello,Friends! EUR/USD is making a bearish pullback on the 6H 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 1.086 level. ✅LIKE AND COMMENT MY IDEAS✅