Gold/EUR
EURNZD - 24h expiry Our short term bias remains positive. The lack of interest is a concern for bears. A move through 1.7525 will confirm the bearish momentum. The bias is to break to the downside. We look for losses to be extended today. We look to Sell a break of 1.7524 (stop at 1.7584) Our profit targets will be 1.7374 and 1.7354 Resistance: 1.7575 /...
EURJPY H1 Excuse the Heikin Ashi candles, my usual candles aren't seeming to want to load up for some odd reason. Anyway, we still have this 150.000 psychological number in tact, whilst the likes of GBPJPY looks to want to climb higher... The EURJPY seems to be at a bit of a halt here at 150.000. With the exceptions of a few fake-outs upside.
The most important news coming up this week. CPI data is due tomorrow. We will se FED Interest rate decision on Wednesday. On Thursday ECB is expected to rise interest rates again. A proper money management and waiting for the right moment are extremely important when it comes to busy news week. We’re currently looking at the options to reverse the H1 trend.
EURUSD LONG 06/11/2023 Bullish Divergence formed on 15 minutes timeframe. Price currently at Deman Zone. Aiming for the market Equilibrium at 1.07645
Price fell rapidly leaving behind a huge imbalance where it preceded to tap into an established demand zone. It then broke structure to the upside on a lt. Thisower timeframe, which could be the start of the move up to fill in the imbalance above. Price also formed liquidity at the to of the main structure which it could potentially target. This has now presented...
Hey Traders, in tomorrow's trading session we are monitoring EURAUD for a buying opportunity around 1.58400 zone, EURAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 1.58400 support and resistance zone. Trade safe, Joe.
Wait for a break of support before going short on the euro this week Expectation:BEARISH
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.859 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows especially with current BoE hawkish sentiments. Trade safe, Joe.
TP3 @ 1.4765 (closing ALL Buy Orders) TP2 @ 1.4625 (shaving 25%) TP1 @ 1.4466 (shaving 25%) BSO @ 1.4375⏳ BLO @ 1.4315⏳ TECHNICAL ANALYSIS: — The EURCAD is currently trading at 1.43431 — The moving averages are all pointing upwards, which is a bullish signal — The RSI is in the overbought zone, which could signal a potential sell-off — The MACD is crossing...
EURUSD got rejected on a Rising Resistance after Wednesday's rebound at the bottom of a newly formed Channel Up. This rejection calls for a sell with the MA50 (4h) is supporting. Trading Plan: 1. Sell when the RSI (4h) crosses under the MA line. 2. Buy when the RSI (4h) hits the Rising Support. Targets: 1. The RSI (4h) Rising Support. We estimate that to be...
EURNZD - Intraday Daily signals are bullish. Bespoke support is located at 1.7600. A Morning Doji Star formation has been posted at the low. The bullish engulfing candle on the daily chart is positive for sentiment. We look to buy dips. We look to Buy at 1.7575 (stop at 1.7525) Our profit targets will be 1.7695 and 1.7725 Resistance: 1.7705 / 1.7736 /...
Hey Traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 150 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 150 support and resistance zone. Trade safe, Joe.
EURCHF - 24h expiry We are trading at oversold extremes. 0.9680 continues to hold back the bears. Bespoke support is located at 0.9680. 0.9677 has been pivotal. Support is located at 0.9680 and should stem dips to this area. We look to Buy at 0.9681 (stop at 0.9661) Our profit targets will be 0.9731 and 0.9741 Resistance: 0.9700 / 0.9710 /...
Yesterday EURUSD broke the previous highs of 1.0740 and 1.0780. Thus confirming a trend reversal as we now have higher lows and higher highs. This means we are starting to look at buys with a target of 1.0940 and 1.1080. Entry grounds will be available after correction. Lots of big news coming up next week!
EURAUD - 24h expiry - We look to Sell at 1.6090 (stop at 1.6140) Current prices have reacted from a low of 1.5978, however, we expect further losses to follow. Previous resistance located at 1.6050. There is no clear indication that the downward move is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current...
Hi, I see A very good Swing trade opportunity Risk Reward is very good good luck everyone
EURUSD crossed today over the 4H MA100 for the first time since May 10th and with the 4H time frame heavily bullish technically (RSI = 61.681, MACD = 0.000, ADX = 28.340), we expect a test of the Ascending Triangle's Top, the R1 (TP = 1.07800). Beyond that, we will only buy above R2 and traget R3 (TP = 1.08315) and on HL (the bottom of the Ascending Triangle). If...
2023-2024 Exchange Rate Forecasts From MUFG Pound Sterling: BoE Forecasting Errors Increase GBP Risk Profile MUFG has significant reservations surrounding the Pound outlook. As far as inflation is concerned, it sees significant risks over the medium-term implications. It notes; “The sense that the UK has a bigger inflation problem is creating downside risks...