This pair reached the top (156.100) on the 27th of May and then started correcting. This correction is a higher degree one than those marked with a red channel on the chart. As we can see on the 4h time-frame, the probability is higher for a small continuation to the downside (with or without retracement) until the price reaches the decision zone/support. There we...
Our latest update for this pair was in the middle of May, 4 weeks ago. Since then, the pair moved in the same trading range that was moving back then. Now on the 4h time-frame it is reaching the support area again and we must decide what will happen next. Will it break this range and continue to the downside or go to the resistance area once again? The higher...
GOLD is trading in uptrend
Price now is in corrective wave
we r waiting price to retest major uptrendline corresponding to 61.8% Fibonacci level at 1849 to open long trade
It's expected to target key level at 1890
Hey guys. GOLD was 🔥🔥🔥 Today.
Use this trading setup If you want.
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Daily resistances are really crucial for charts. We do not speculate that the chart can surpass the resistance zone(1854-1876).Meanwhile the RSI indicator is in “over-sold” area which is another bearish signal for the chart.
In our last analysis update for this pair, GBPJPY behaved exactly as we forecasted, it touched the minor support marked on the chart and then went to the upside reaching 154,450 yesterday. Now, for this pair we are seeing a minor correction occurring at this level with the price falling to the minor support or deeper to the blue trendline marked on the chart...
Wow it was a crazy week for oil..! Quite volatile I would say! However, the market moved eventually as expected, quite rapidly though to significant high levels. I wasn’t expecting such a big rise so soon.
Previously we said: “Falling below 65 USD per barrel would give me negative signals relating to an oil demand boost” > Which of course did not happen. Instead...
ENTRY: 124.60 USD
TARGET: 136.00 USD (9% profit)
STOP: 118.00 USD
1. Support 108.98 USD / Resistance: 137.52 USD
2. While retesting the resistance line, the lows are getting higher. It looks like an ascending triangle is shaping.
3. Ascending support line (blue line) should give another upward impulse!
4. The company has high profit margins, which means a...
NASDAQ retested broken downtrendline then rebounded with bullish movement
Price is based above key level at 13405
MACD shows weakness in bearish momentum
It's expected for coming bullish wave to target resistance level at 13745
Silver has traded the fib lines perfectly since early 2006. Price is currently just below .05 fib and if breaks above could push upwards towards next resistance around $32. If this level is broken price could continue push up towards $35, or we can see a retest of the .05 fib at about $29.80.