Hello TradingView community, In this analysis of USDCAD on the 30-minute chart, we see a promising opportunity for a long position based on Elliott Wave theory. The pair has completed a classic impulse sequence up through wave (3), followed by a corrective phase that appears to have ended with wave (4). The recent price behavior suggests that wave (4) has found...
Hello TradingView community, In the AUDUSD pair, we have observed a fascinating development on the 15-minute chart using Elliott Wave analysis. The price action completed an impulse pattern through waves 1 to 5, followed by a corrective move that appears to be shaping up as an ABC correction. We're currently witnessing wave 'b' nearing its end at a Fibonacci...
Hello TradingView Community, Today, I'm analyzing CADJPY on the 4-hour chart using Elliott Wave theory, which presents an optimistic view for a potential long position. Our analysis suggests that the market is currently in a corrective phase after a robust impulse wave. From the chart, we can see that the price completed a five-wave impulse sequence leading to a...
Hello TradingView Community, Let's delve into the NZDCHF pair, which is currently displaying a compelling setup for a short position, based on Elliott Wave theory. Analyzing the 30-minute chart, we can see the completion of a five-wave sequence followed by what appears to be a corrective ABC pattern. Following the peak of wave (5), NZDCHF has embarked on a...
Hello fellow traders, Today, I’m presenting a short trading opportunity for GBPUSD, analyzed through Elliott Wave theory on the 30-minute chart. The price action recently completed a five-wave impulse structure, followed by a clear corrective pattern, indicating potential further declines. We can observe that after the fifth wave peak, GBPUSD entered a...
hello guys... I published before about the head and shoulders pattern and the rising pattern, you can check it that the target touched! You can see the usdcad made a Quasimodo pattern and it is possible to start an upward movement to the blue area! but the question is from where?! there are two scenarios: 1- starting from the QML (S1) 2- starting from the...
The USDZAR pair is trading below both its 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), having formed a Channel Down (blue) since the start of the year. The 1D RSI hit the bottom of its Rectangle, so even though there is some limited downside on the Channel Down before forming a Lower Low, the reward is much higher on the upside. Assuming a Lower...
The price has hit the downward trend line with the formation of AB=CD harmonic pattern and we see a negative divergence in the RSI indicator. It is expected that we will see the price drop in the first stage up to the range of 0.8910
EURUSD may retrace from a wide intraday horizontal resistance cluster. I already see some sings of weakness of sellers: double top formation on an hourly time frame and multiple rejections. I think that the pair may reach 1.0705 level today. ❤️Please, support my work with like, thank you!❤️
World gold prices increased sharply yesterday after the Fed decided to keep the standard interest rate unchanged at 5.25-5.5%. Traders have recently trimmed bets on when the Fed will ease monetary policy this year as the latest data showed the US economy remains resilient and inflation remains “persistent”. Meanwhile, the weakening dollar and US Treasury yields...
World gold fees extended sharply the previous day after the Fed determined to hold the usual hobby price unchanged at 5.25-5.5%. Traders have lately trimmed bets on while the Fed will ease financial coverage this yr because the modern day records confirmed the United States financial system stays resilient and inflation stays “persistent”. Meanwhile, the...
World gold prices decreased due to investors' psychology of market exploration, causing demand to become weaker, pulling gold prices back down to around 2,300. World gold has dropped 5% from the record level of 2,431.29 USD/ounce set on April 12 in the context of tensions in the Middle East cooling down and expectations of the US cutting interest rates soon this...
The spot price of gold (XAU/USD) soared last night to more than 2,328 USD/ounce after Fed Chairman Jerome Powell spoke. Mr. Powell affirmed that cutting interest rates now is inappropriate until inflation shows clear signs of returning to the 2% target. He also added that this year's inflation data is "not convincing enough" to change the Fed's stance. The DXY...
The spot charge of gold (XAU/USD) soared remaining night time to extra than 2,328 USD/ounce after Fed Chairman Jerome Powell spoke. Mr. Powell affirmed that slicing hobby charges now could be irrelevant till inflation indicates clean symptoms and symptoms of returning to the 2% target. He additionally brought that this year`s inflation statistics is "now no longer...
According to analysts, withinside the quick term, the truth that americaA Federal Reserve (Fed) has now no longer reduced hobby charges will boom the price of the USD, thereby inflicting gold to greater or much less go through positive pressures. However, withinside the medium and lengthy term, gold is forecast to boom in an surroundings of excessive inflation...
The greenback continues to weaken but gold is not really benefiting Gold price is currently quite calm around the 2,305 USD mark. Optimistic market sentiment, falling US government bond yields and a weakening USD are the factors that are having the main impact on this precious metal. Investors are continuing to evaluate Chairman Jerome Powell's comments on...
The gold market is getting some new bullish momentum. Gold prices are expected to continue to rise even if the US Federal Reserve (FED) delays the comfort cycle. Despite recent selling pressure, Goldman Sachs still forecasts that gold prices will increase sharply. This unit finds that gold can maintain growth even if the Fed delays the comfort cycle. Nicholas...
XAU/USD has met the minimum requirement to complete a bearish "Measured Move" pattern after reaching the 0.618 Fibonacci level of wave C at $2,286. This means that gold prices will likely go up in the near future. This pattern is made up of three waves in a zig-zag pattern. The end of wave C, which is also the final wave, can be estimated based on the length of...