#USDCHF
UPDATE
Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #USDCHF.
USDCHF got declined from the most recent resistance level.
Clearly it can be seen that it sweep the liquidity according to the HTF, which will be our SL for short trade.
if this candle close below to this level, we will...
I think the market basically moves from on news event to another. And between them in the range zone and I expect pullback to the resistance zone. MY goal is the support area at 2004.44
Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame with the Rejection from the Upper Trend Line. Completed " ABC " Corrective Waves and " 12 " Impulsive Waves. We have Break of Structure and Retracement
Hello traders,
Will start our analysis with the US index which will help us identify market movements for the major currency pairs.
By looking at DXY we are expecting a Zigzag pattern to be formed. According to Elliot Waves, a Zigzag pattern has 3 waves labeled A,B, and C where Wave A= 5 subwaves, Wave B= 3 subwaves, and Wave C = 5 subwaves. We can see that we...
Looking at the short-term technical picture of EASYMARKETS:BRTUSD on our 4-hour chart, we can see that the price is approaching a key resistance area, around the 81.50 hurdle, which is marked near the highest point of December 2023. At the same time, the price remains well above a short-term upside support line drawn from the lowest point of December. Although...
#XAUUSD
UPDATE
Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #XAUUSD.
XAUUSD is in the reange in the LTF., Here we can see that it goes down yesterday with big bearsih candle and now it is in the range.
If we saw any breakout either up/down side and then retest that zone, we will execute...
Dear friends,
Today, gold continues to operate in a downward trend channel, as evidenced by its price breaking out of the previous upward channel and dipping below $2,020 in Wednesday's US trading session. At the time of writing, the price is trading around $2,016, showing a 0.12% recovery for the day.
Meanwhile, the Bank of Canada (BoC) has announced that it...
Hello everyone, let's explore the price of gold!
Regarding the developments and outcomes of the news on January 22nd: The price of gold has experienced significant fluctuations, mainly fluctuating in a downward trend, and the EMA continues to be the dominant support for gold. Currently, the price is consolidating. This is due to the strengthening of the US dollar...
Take a look at our analysis for GOLD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2029.377.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1946.116 level.
P.S
The term...
-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Currently price has printed a bearish iBOS where we are now in the pullback phase.
Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green....
Hello guys 👋
We have the gold chart in the 1-hour time frame
👇👇👇👇
According to the previous analysis, you saw how well the price reacted when it reached the plotted areas.
In yesterday's update, from where I said you can enter a buying position, it went up about 80 pips.💥
Currently, the price has reached the supply level and started to fall. If it continues this...
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish following second bearish iBOS. Price pulled back to premium 50% EQ and is trading between and internal...
We got 2 peculiar breakouts on Gold.
As you know, the market was consolidating for roughly 1 week.
Consolidating, the price formed a triangle and a horizontal range.
We see a breakout of both the support of a triangle and the range.
It confirms the local strength of the sellers.
The price may drop to 2006 support.
❤️Please, support my work with like, thank you!❤️
After breaking the 2013 strong support, gold pulled back up to retest the 2030-40 supply levels. At this point I am only shorting gold for targets below 1969. This is a likely day for a bull trap meaning price will close lower. Use proper risk management.
Preferred direction: SELL
Comment: Today, all targets set for silver have been closed. The same is now expected for gold . The immediate prospects for silver will most likely appear in the format of a re-test of the local minimum at level 22 , that is, the price will tend there. We highlight two scenarios for the proposed movement. It should be noted...
Preferred direction: BUY
Comment: The Swiss currency is an outsider among the majors against the US dollar. This currency sank the most against the American currency. In addition, while some competitors of the US dollar were trying or were in the process of correction, this currency pair stood in a very narrow corridor.
The bullish sentiment for this...
Preferred direction: BUY
Comment: The shorter-term view for the USDCAD currency pair is directed upward. The US dollar is still strong, and further strengthening is expected this week. The most likely scenario is growth from current levels. Less likely is a retest of the support area at the 1.34000 level. The long target is located at the level of ...
Hello Traders !
As We Talked in The Previous Analysis, The XAUUSD Formed a Descending Triangle.
The Price Broke The Support Level (2013.702 - 2021.000).
This Key Level Becomes a New Resistance Level.
So, I Expect a Bearish Move📉.
I'm Waiting For Retest...
________
TARGET: 1983.000🎯
