Hello Everyone! Let's Talk About Gold Prices Today! Currently, gold is trading around $2,296, showing little movement since last Friday's close. Let's dive into what's happening with gold and what we might expect going forward. Support from Recent Levels: Gold is holding steady, receiving support from key levels as highlighted on the charts. This indicates that...
The EUR/USD pair started the new week with a bearish gap, falling to its weakest level in a month below 1.0750. Despite technical indicators on the H4 timeframe suggesting oversold conditions, the Euro might struggle to stage a significant rebound given the current risk-averse market environment. Market Overview The US Dollar (USD) has gained strength...
NZD/USD is falling towards a support level which is a pullback support and could potentially rise to our take profit. Entry: 0.61017 Why we like it: There is a pullback support level. Stop loss: 0.60474 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Take profit: 0.61675 Why we like it: There is an overlap...
On our last analysis EURUSD analysis (June 04, see chart below) we mentioned that it was a do-or-die moment for a rejection as it had marginally broken above the top (Lower Highs trend-line) of the 5-month Channel Down: As you can see the price did close all subsequent candles below the top and inside the pattern, hence confirming the rejection bias and that...
The Fiber (EUR/USD) is rising towards the pivot which is an overlap resistance and could reverse to the pullback support. Pivot: 1.07973 1st Support: 1.07298 1st Resistance: 1.08394 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Took a short yesterday that went according my analysis. After a retracement and doing further analysis my bias is still leaning heavily towards the downside. The monthly nor has the weekly high been breach to make a new higher high. Right now, i'm looking at a rejection on the 4hr and 1hr timeframes that looks to be hitting resistance inside of a fair value gap....
In this 1-hour chart of DowJones (US30), we observe a significant bearish pattern forming after the price action. The market hunted the highs of both the Asia and Euro sessions during the NY session, which typically signals a liquidity grab. This maneuver often leads to a swift reversal, as is evident by the price dropping back down after touching the resistance...
Hello,Friends! GBP/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 197.587...
EURUSD on the 15m chart is presenting a promising buy scalp opportunity. The pair is currently resting on a solid support zone, suggesting potential for a bullish move. Keep an eye on this for a quick trade!
USD/CHF is rising towards a resistance level which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8998 Why we like it: There is a pullback resistance level which is slightly below the 50% Fibonacci retracement. Stop loss: 0.9093 Why we like it: There is an overlap...
Hello traders ,what do you think about GOLD ?After Friday's drop and breaking the support zone gold is now nearing the next support zone .After the correction and pullback to the broken zone, it is expected to fall at least to the next levels If this post was useful to you, do not forget to like and comment.❤️
Hello,Friends! The BB lower band is nearby so AUD-USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.663. ✅LIKE AND COMMENT MY IDEAS✅
USDCAD Next Sell opportunity 1.3783 - 1.3762 Target will be 1.3717 1.3649 Wait for confirmation.................... SL ( Set a uniform set of 15$ ) only for your reference and you can set it according to your free margin. Recommend stop 1.3849
Dear colleagues, I have analyzed for a long time and came to the conclusion that the price will probably continue to decline, but at the moment I see that wave “3” is not formed yet, and therefore wave “4” is not formed either. Therefore, I expect a correction to the area of 76.326, but it is desirable that the price does not reach the level of 76.50, because this...
THE KOG REPORT: I last week’s KOG report we said we would be watching that 2340 extension level for a move upside in the early part of the week, and if achieved we would be looking to short the market back down initially into the 2310 level which is where we felt the RIP will come from. We had a little stretch into 2355 but got the move we wanted for the trade...
The Australian Dollar (AUD) recovered some ground on Monday after a decline in the previous session. This movement comes as the US Dollar (USD) strengthened due to better-than-expected US employment data released on Friday. The strong jobs report has led traders to push back their expectations for Federal Reserve (Fed) rate cuts, exerting pressure on the AUD/USD...
GBP/AUD has just reacted off he pivot and could potentially rise to the 1st resistance. Pivot: 1.9245 1st Support: 1.9162 1st Resistance: 1.9338 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
I see a very bullish pattern on GBPAUD on a daily time frame: the pair formed an ascending triangle formation and successfully broke its horizontal neckline. The broken neckline and the trend line now compose the contracting demand zone. A bullish movement may initiate from that. Goals: 1.935 / 1.943 ❤️Please, support my work with like, thank you!❤️