Gold's price is about to take a tumble, dropping quite a bit to hit that support level. The selling pressure is off the charts, and we're betting that buyers will start cashing out and joining the selling action in the 15-minute and 1-hour time frames.
EURUSD is still within a downtrend. On D1 we see the beginning of a reaction to a strong support line. There is a chance that on H1 price could break resistance TA on the high timeframe: 1) if we pay attention to XAUUSD, gold is rising on the background of DXY growth stop. If the latter starts an active decline (news this week), eurusd will give a bullish impulse...
Hello, Welcome to this analysis about AUDUSD and the 4-hour timeframe perspectives. When looking at my chart we can watch there how AUDUSD is building this huge broadening-wedge-formation in the structure marked with the blue boundaries. Besides that AUDUSD has begun with this major wave-count to the upside and the wave-A already established. The wave-B is now...
Hello, Welcome to this analysis about EURUSD and the 4-hour timeframe perspectives. The global determinations for EURUSD have already shown a mainly bearish development and now when looking at the more local frames as the 4-hour chart I discovered a decisive formation forming that should not be kept from the desk here. Therefore, when looking at my chart we can...
– Previous Daily candle closed Bullish around 1933.700 breaking and closing above Daily rejections formed last week. – Buys on close above 1935.100 targeting 4h Resistance formed around 1939.000, Leaving Runners to the next 4h Resistance formed around 1945.100. – Sells on close below 1931.000 targeting 1h previous Resistance formed around 1927.000, Leaving Runners...
Over the course of the past two weeks, the GBPUSD currency pair experienced a pronounced decline, breaching the pivotal monthly support at 1.2448. Notably, there was a subsequent rally to retest this critical level during the Friday session of the preceding week, following the initial breach observed on Thursday. In the upcoming trading week, our strategic outlook...
Following the interest rate decision, we observed a pronounced sell-off within the market. This resulted in a decline to the significant monthly support level at 1.0635. In the forthcoming period, our outlook is anchored on the potential for a price resurgence towards the 1.0686 vicinity. The critical juncture will be the price's behavior at this level; if it...
During the previous week, our market performance demonstrated a degree of advancement; however, it presently exhibits characteristics of range-bound behavior. It is worth noting that last week, there was an upward movement, with an attempt to challenge the significant monthly resistance level of 64.58. Remarkably, this resistance level held firm through the close...
Currently Dollar is expected to grow for 2 consecutive weeks up to the level of 107 followed by a cooldown period and classic correction ending in the last week of October 2023 at level 100-101. Starting from November 2023 Dollar seems to be having a powerful boost rising for 5 months up to 113 in mid March 2024. Something is going to happen in November, isn't it?
Hey Traders, in today’s trading session we are monitoring DXY for a buying opportunity around 104.800 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.800 support and resistance area. Trade safe, Joe.
– Previous Weekly candle closed weak Bullish around 1923.800 forming weak Weekly Support around 1919.200, Friday Daily candle closed strong Bullish around 1923.900 above recent Daily Resistance formed on 12th September 2023. – Buys on close above 1928.800 targeting 4h Resistance formed around 1934.000, Leaving Runners to the next 4h strong Resistance formed around...
Hey Traders, in tomorrow’s trading session we are monitoring XAUUSD for a selling opportunity around 1945 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1945 support and resistance area. Trade safe, Joe.
The global economy is facing a number of challenges, including rising inflation, slowing growth, and geopolitical tensions. These challenges have led some economists to warn of a potential stagflation environment, characterized by high inflation and low economic growth. Overall, the dollar had a few battles with other intermarket factors that tried to halt its...
Here is my latest structure analysis for EURUSD Horizontal Key Levels Support 1: 1.0630 - 1.0645 area Resistance 1: 1.0756 - 1.0775 area Resistance 2: 1.0923 - 1.0946 area Vertical Key Levels Vertical Support 1: Support of a falling channel Vertical Resistance 1: Resistance of a falling channel Consider these structures for pullback/breakout trading. ...
Hello, Welcome to this analysis about the US-Dollar Currency Index, we are looking at the 4-hour timeframe perspectives. As I detected recently the index is forming an important formation that has a high possibility to be the origin of a bearish reversal to the downside that should not be underestimated. As when looking at my chart now we can watch there that...
Hello,Traders! EUR-USD has retested the Horizontal support level of 1.0639 From where we are already seeing a Bullish reaction so I think we will See a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Dollar Index was nicely rejected from a broken horizontal resistance. Taking into consideration, that the market is trading in a bullish trend, probabilities will be high that we will see a bullish trend continuation next week. Next goal - 105.28 ❤️Please, support my work with like, thank you!❤️