Hello Traders , Upon reviewing the EUR/USD chart in the 2-hour timeframe, we observe that the price was able to rise to 1.075 and then underwent a correction, penetrating below 1.0678. Consequently, after a liquidity collection, it encountered demand again! The upcoming supply zone ranges from 1.07260 to 1.07530, and we can monitor the price reaction within this...
Hello Traders , Upon recent analysis of the GBP/USD chart in the 2-hour timeframe, it is observed that the price is near the supply zone of 1.25. If it can stabilize below this level, we can expect a further decline in GBPUSD! The scenario I have in mind is marked on the chart. The demand levels are, in order, within the ranges of 1.237 to 1.237, 1.2345 to...
Hello Traders , Upon examining the gold chart in the 1-hour timeframe, we can see that after the price entered the targeted supply zone ($2352), it faced selling pressure and corrected with a drop of 230 pips down to $2328. Now, gold has closed at $2338, and I expect further correction with the market opening, although it’s possible that the price may re-enter the...
Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 1.0709, which is an overlap support. Our take profit will be at 1.0808, which is a pullback resistance level. The stop loss will be placed at 1.0640, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level...
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago rose a little and then made a strong downward impulse to the support level, which coincided with the buyer zone, breaking the 1.0740 resistance level. After this movement, the EUR turned around and started to rise inside the upward channel,...
This is my Intraday analysis on EURUSD for 29 April 2024 W18 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment No major economic data releases are scheduled for Monday, limiting significant movement in the pair. However, the intervention in JPY leading to a USD...
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About DOGE (Update) The Falling Wedge Formation In 12H Timeframe✅ Expecting Massive Bullish Wave In Case Of Successful Breakout✍️
Hi folks today I'm prepared for you Euro analytics. Some days ago price rose to the resistance level, which coincided with the resistance zone and broke it, after which rose a little more. Then EUR started to decline inside the downward channel, where it in a short time declined to the resistance level and broke it one more time, but soon it backed up and reached...
Gold is adhering to the ascending channel pattern, creating a higher low at the channel's lower boundary, signaling strength in the uptrend. This suggests a high potential for the price to test the upper limits of the channel.
Preferred direction: BUY Comment: At the beginning of the new week, the euro remains on the buy list, especially if we are talking about the prospect of 1-3 days (before the Fed meeting on Wednesday). This event, as well as the NFP , forces one to be as flexible as possible and be prepared for changes in trading plans at the beginning of this week....
The inflation in the US continues to be persistent, putting into question promised three rate cuts during the course of this year. Released data on the core Personal Consumption Expenditures Price index show an increase in March of 2.8% on a yearly basis, which was slightly above market estimate of 2.6%. The PCE on a yearly basis was standing at 2.7%, again...
EURUSD is rising toward the pivot point close to the 50% Fibonacci retracement and could fall to a multi-swing low support level However, a break above the pivot might lead to a rise toward the next resistance Pivot: 1.0740 Support: 1.0614 Resistance: 1.0859 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
Traders, Here's our analysis across different timeframes: Daily Chart: Strong bearish sentiment prevails, supported by a bearish channel formation, signaling potential long-term bearish trajectory. 4-Hour Chart: Consider the high of last week as a prime level for short positions. However, be prepared to switch to a bullish outlook if this level is...
Why has the US dollar sunk in the lead up to the FOMC decision? Bloomberg Economics says “We expect Powell to make a hawkish pivot” regarding the FOMC’s decision this Wednesday. Expectations for rate reductions have been pushed further into 2024. So, why is the US dollar underperforming to start this week? And does this open up an even more attractive entry...
Hi Everyone.. in 1hr we got head and shoulder so we place a entry in right shoulder top and also its near 50% fibo in 4hr.. but we doesn't get day sell confirmation may this current swing confirms the day sell... we got the day then this H&D will be SWING Entry... already price took our entry...FLOLLOW THE CHART... i will update the future setup in comments...
Please, check our technical outlook for EURUSD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.072. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
EURUSD - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell EURUSD Entry - 1.0694 Stop - 1.0717 Take - 1.0659 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Preferred direction: BUY Comment: After a quiet week in the metals market, the coming week is likely to be very volatile. In addition to the technical accumulation in the triangle format, we have a lot of economic data and events that will happen this week. The most likely scenario №1 will involve a breakout trade at the level of 2340 . Scenario №2 ...