Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Since...
Hello traders ,what do you think about GOLD? Last week, with the weakening of the DXY and CPI data, gold grew and reached a key level that seems to fall in this range at least to the specified level. If this post was useful to you, do not forget to like and comment.❤️
💁♂️ HI Everyone Currently, the price is in the range of important resistance, the price may be negatively reacted from the range of 1.039/1.035, it should be seen how the price will react to this range. 💹 If the price penetrates above the range of 1.039 and has a price stabilization. We may see price growth up to 1.052 / 1.056/ 1.067‼️ Support Range 1.020 /...
Hey Everyone, Please see our 1H chart setup with updated Goldturn levels and structures. We have an immediate open target at 1778, which may provide some retracement but still maintain a side-by-side ranging movement. We will continue to buy dips from support levels and track the movement with EMA5 cross and lock. All moving averages on our charts are also...
Hey Everyone, Please see details below of this daily chart idea we posted on the 23rd of October. OCTOBER 23RD Just a quick Daily chart projection on similar chart pattern of March 2021 forming now. Last time we saw a similar Double Bottom pattern forming like this was in March 2021, which followed with a Bullish movement of over 2000 pips. We will...
Hey Everyone, We posted this chart on OCTOBER 16TH. This chart is also playing out our long-term plans for Gold. MA50 provided the dynamic support for the push up we projected with half the target already done. We are now seeing a new Goldturn form at 1704. However, we will need to see the month close to lock the Goldturn. Once locked it will confirm a bigger...
💁♂️ HI Everyone As you can see, the price is currently in the 1771 range.❗ Important resistance 1775/1806.'⚠❗❗ The price may be negatively reacted from the specified range, and it should be seen how the price will react to the resistance range. If the price is corrected, the desired support range is 1750/1730/1724❗. But if the price is stabilizing above...
The price is currently trading in the range of $1760 and the highest number recorded today is $1666, which is a psychological resistance! In the next week, according to the previous analysis, there is a possibility of correction from the range of $1770 to $1807, and we have to wait for the reaction to this level! Personally, I will look for a Sell position in this...
EURJPY In the long-term picture, the outlook will stay bullish for the upcoming session. Confluence for buying side momentum in EURJPY: 1) On the daily chart the price has reached the demand zone where buyers are more interested to buy calls at discount prices. 2) The Daily candle is indecisive towards the selling pressure, so to gain further selling pressure,...
The EURAUD pair had a very strong August 26 - October 14 rally and since then it has been on a short-term Channel Down (Lower Highs/ Lower Lows). This volatility/ consolidation has been a distinct characteristic of both previous tops (Lower Highs) within the long-term Bearish Megaphone pattern that in June 2020. A break below the 4H MA50 (blue trend-line) would...
Gold is currently trading at $1759, the highest level since August 18 amid US dollar sell-off. The next resistance level for XAUUSD to break is $1770. It would open the path to $1800 psychological mark. On the downside $1755 and $1745 would be the next target for the bears. A convincing break below would accelerate gold slide to $1730, the previous month's high....
After months of bearish order flow on the EURUSD daily timeframe, we finally have a shift in order flow. Since EURUSD is inversely related to it's benchmark asset that is $ index (DXY). DXY was in a monthly influx area. And we had a wyckoff on that monthly POI which got confirmed after closing below ar . Thus confirmed the transfer of buys to sells on DXY which...
Hy dear Members. Hope you all are enjoying our ideas and analysis even in this bad market satiuation. Now we are here to discuss about EURUSD. EURUSD is exactly Moving according our analysis. As we predicted few days ago. Now it has exactly hitted our main Target. Here it is getting a strong resistance. So it has Maximum chances we can see here a good drop in...
The GBPAUD pair has been trading within a long-term Channel Down pattern since the start of 2022 and most recently (October 17 and 28) it hit its top (Lower Highs trend-line). This has turned the short-term price action into a smaller Channel Down (red), which is loosely supported by the 1D MA200 (orange trend-line) and resembles the pattern of January 28 to...
Welcome to the BasicTrading channel. My name is Philip and in todays analysis I quickly go over the situation which we currently have on EUR/USD. I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities. If you enjoyed this analysis, let me know in the comment section which asset I should analyse...
I will enter sell gold on this price 1765 and my target is 1755 1750 stop loss will be 1770 and if its hold above 1750 then we might see 1830 soon then