Swing Long on CHFSDG Confirmations: - Making a double bottom on daily TF - RSI is oversold on daily TF - Already made a reversal on 4hr TF Entry - 1.49552 TP - 1.53181 SL - 1.48433
Bitcoin price extends retreat from SWB:69K threshold as BTC bulls wait for safer entry Bitcoin (BTC) price directional bias is on the balance as it sits atop a critical support for the second day in a row. The pioneer cryptocurrency reacted to the speech of Federal Reserve chair Jerome Powell with an abysmal move that lasted only briefly before falling back to...
Hello traders, we want to check the GBPCHF chart. After moving in an ascending channel, the price has reached the specified resistance level. We expect the upward trend of the price to stop and the price to fall to around 1.13500. Good luck.
CHFJPY is in a correction period. at the support level 166.919 if the price cannot break through It is expected that in the short term there is a chance that prices will rebound. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Gold consolidates below $2,300 after record-setting upsurge Gold stays in a consolidation phase and trades below $2,290 after reaching a new record-high above $2,300 earlier in the day. The benchmark 10-year US Treasury bond yield holds steady above 4.3% ahead of Fedspeak, limiting XAU/USD's upside. Gold has been considered a highly valuable commodity for...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
The EUR/USD pair surged with bullish momentum during Wednesday's session, propelled by a robust bullish impulse. However, the price has now entered a potential reversal zone, characterized by a Double top formation on the H1 timeframe. Additionally, on the H4 chart, the price has reached the 61.8% Fibonacci level, accompanied by overbought conditions and...
Gold price trend to continue buy during session It is expected that price will continue in the up trend And can approach the price range of 2292 Gold buy from. 2292 1st Target zone 2320 2ndTarget zone 2360 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us
The AUDCHF pair has just formed a Golden Cross on the 1D time-frame but even though it is theoretically a bullish structure, it hasn't historically behaved as such for this pair. We view its effect on the 1W time-frame in order to go as back in time as possible and get conclusions. In the past 10 years (since the May 2014 1D Golden Cross, which was bullish) there...
Last time we made a call on the EURAUD pair (January 02, see chart below), we caught the best buy entry right at the bottom of the former Channel Down that easily hit our 1.6600 Target: This time we are presented with a strong sell opportunity as the price just broke yesterday below the March 07 Support, making a new short-term Lower Low. This confirms the...
On the 1 hour chart, we can see more closely the recent price action with the pair now trading at the support zone. If the price were to break above the black counter-trendline, we can expect the buyers to gain even more conviction and increase the bullish momentum, although a lot will depend on the US NFP report today as strong figures across the board will likely trigger
Gold fell back after an unsuccessful attempt to stabilize above $2,300. Traders withdrew some profits after the strong rally. Gold is still in an overbought state so there may be more downward momentum in the near future. Prediction information from Nonfarm is currently inconsistent on one side when the Average Income Index / Hour is growing strongly at 0.3% but...
XAU/USD fell slightly below the 2,300 USD/oz mark ahead of US NFP jobs data Gold prices retreated slightly to around $2,270 at the beginning of the Asian session after just setting a new record high yesterday, surpassing $2,300. Geopolitical risks in the Middle East and expectations of loosening monetary policy from the Fed are still big driving forces for this...
AUDCAD has approached the 4h supply zone created with the recent trend breakout identified. Here we expect to see a potential reversal back towards the trend line or previous OB following the selling pressure. This is expected to follow a retracement close to 38%-50% on the Fibonacci.
EURUSD is currently sitting at the price level from which it reversed in mid-December as well as mid-February. Price is at the second lower anchored VWAP band line which adds confluence to the support. From here, price should move toward the mean VWAP. Upside to the target mean VWAP is about 1.25%. The RSI indicator shows weakness and an undervalued /...
Gold, the main trend is up. The price has an opportunity to test the resistance zone 2296-2304. If the price cannot break through the 2304 level, in the short term it is expected that there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
EURUSD is rising towards a pullback resistance level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit Entry: 1.08525 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 1.08763 Why we like it: There is a pullback resistance level Take profit:...
NZDUSD is falling towards an overlap support level which aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit Entry: 0.59903 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement Stop loss: 0.59404 Why we like it: There is a pullback support level Take profit: 0.60457 Why we...