🏃 NZDUSD is moving near a 🟢 Heavy Support zone($0.6110-$0.6050) 🟢. 📈Regarding Classic Technical Analysis , it seems that NZDUSD has succeeded in forming a Double-Bottom Pattern , and we are currently witnessing a pullback to the Neckline . 🌊In terms of Elliott wave theory , NZDUSD seems to have completed 5 impulsive waves and is currently completing ...
EURAUD is testing a confluence zone based on a horizontal intraday support and a rising trend line. As a confirmation, the price formed a double bottom formation and violated its neckline. We can expect a bullish movement now. Goals: 1.6527 / 1.656 ❤️Please, support my work with like, thank you!❤️
EURCAD Analysis Price is currently in a William-Certified Range (WCR), hovering near the 4H Support at 1.45500. Scenario 1: BUY entries can be taken the moment a bullish confirmation pattern is formed, with targets set at the 4H Resistance at 1.47200. Scenario 2: SELL entries can be taken after price breaks through the 4H support, retests it and forms a bearish...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
🏃 EURUSD is moving near the 🟢 Support zone($1.0800-$1.0756) 🟢. 🌊According to the theory of Elliott waves , EURUSD seems to have completed its five downtrends . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect EURUSD to rise at least to the end of wave 4 at the 🔴 Resistance zone($1.0916-$1.0880) 🔴 in the coming...
OANDA:USDCHF USDCHF (H4) Reacts negatively to the 0.618 Fibonacci zone of the previous down wave. With a bearish red candle, we can execute the order: Sell now at 0.86692 SL at 0.86866 TP1 at 0.86541 TP2 at 0.86364 TP3 at 0.86120 Note: capital management 2%
EUR/USD Finds Solid Support at 1.08500 Amidst Tepid Data, Eyes on Maintrend Continuation In a noteworthy turn of events, the EUR/USD has staged a rebound, establishing a robust support zone at 1.08500. This critical level is reinforced by the confluence with the Dynamic trendline, acting as dynamic support, and the 61.8%-78.6% Fibonacci zone. Additionally, a...
🏃 EURUSD is moving in the 🔴 Resistance zone($1.0910-$1.0880) 🔴 and near the Downtrend line . 🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 4 at the 🔴 Resistance zone($1.0910-$1.0880) 🔴. 🔔I expect EURUSD to continue to Decline at least to the 🟢 Support zone($1.0800-$1.0756)...
Gold edged higher on Thursday as Treasury yields eased after US GDP data highlighted a softening in the pace of inflation, while focus turned to PCE data for further hints on taper strategy Federal Reserve interest rates. Benchmark 10-year Treasury yields fell after GDP data. The US economy grew faster than expected in the fourth quarter thanks to strong consumer...
World gold prices this morning inched up slightly with spot gold increasing by 7.9 USD to 2,019.9 USD/ounce. Gold futures last traded at 2,021 USD/ounce, up 9 USD compared to yesterday morning. Gold inched up slightly in Thursday trading thanks to falling Treasury yields after US GDP data showed the US economy grew faster than expected in the fourth quarter...
During the January 25 session, world gold prices dropped to $2,014 after the fourth quarter US GDP report was higher than expected, showing that the world's largest economy is still operating stably. In case the price rises, the bulls need to scale the resistance at $2,025 and then $2,039 to move towards the current price target of $2,050. On the contrary, the...
What needs to be done, however, is to get above it 100-day moving average at 0.8673, and also the 38.3% retracement of the move down from the October 2023 hi. That little comes in at 0.8681. Get above both those levels and the bias increases more to the upside it in favor of the buyers. Find out all these details in the video above.
usdcad Furthermore, the preliminary US Gross Domestic Product Annualized report is scheduled for release on Thursday, with anticipated figures pointing to a 2.1% reading in the fourth quarter, down from the previous 4.8% reading. Should the actual US GDP align with these market expectations, there could be an increased probability of the Federal Reserve...
TVC:USOIL USOIL (W) will aim for the $81.5 price area With a solid pinbar candlestick pattern, most likely, oil prices will return to the 81.5 price range within the next 1-2 months before new fluctuations occur.
GBPJPY is currently in a CORRECTIVE PHASE and we are expecting another LEG DOWN about 200Pips to complete the move as JPYX is currently ready to support the move at the moment.
EUR/USD Struggles for Direction Amid ECB Rate Cut Uncertainty The EUR/USD pair finds itself in a tight trading range below the 1.0900 and 1.08500 levels during the European session on Wednesday. Traders appear cautious, refraining from making aggressive directional moves as uncertainty looms over the potential timing of an interest rate cut by the European...
Hello dear traders, In the global gold market on the daily timeframe, we are witnessing the price reaching its previous ceiling. Considering the strong upward momentum in gold, we expect it to break the resistance ahead. We have drawn two scenarios for the price movement of gold, and personally, I prefer the first scenario more, as I am looking for long setups in...
World gold prices increased slightly this morning with spot gold increasing by 8.3 USD to 2,028.9 USD/ounce. Gold futures last traded at 2,030.6 USD/ounce, up 8.4 USD compared to yesterday morning. World gold prices were adjusted up slightly as investors waited for a series of US economic data this week to get more signals about when to cut interest rates by the...