Dear colleagues, the price has passed many points in the downward movement and at the moment I suppose that the price is completing the corrective wave "4" and very soon will start the upward movement in the wave "5". It is possible to update the low in the area of 38458 and then move to the resistance area of 39419. It is possible that the price will immediately...
The USDINR pair made a direct hit on our 82.700 Target, which we set on our last analysis (January 10, see chart below): Right now we see the price pulling back within a Channel Down. This is a standard pattern within the long-term Rising Wedge pattern, which as you see out of 7 Bearish Legs all broke below the 1D MA50 (blue trend-line) and only 1 managed to...
Intraday bias in USD/CHF remains on the upside for the moment. Current rise is part of the whole rally from 0.8331 Next target is 161.8% projection of 0.8550 to 0.8884 from 0.8722 at 0.8818. For now, near term outlook will stay bullish as long as 0.8995 support holds, in case of retreat.
Overview: AUD/CAD completed XABCD harmonic pattern, finding strong rejection at point D (0.87200). Price now re-testing key support, suggesting bullish potential. Entry: Consider entry at current price 0.88160 to align with anticipated bullish sentiment. Risk Management: Place stop-loss at 0.87200 to mitigate downside risk. Profit Targets: TP-1:...
Towards the end of last year, FX:USDCAD found itself testing the crucial support zone at 1.32. Subsequently, the pair reversed its course and, as of the beginning of February, has been consistently forming higher lows on our daily chart while pressing the significant resistance level at 1.36. I anticipate that this resistance will ultimately be breached, paving...
The rise in gold prices may be driven by geopolitical tensions in Ukraine and the Middle East, as well as stubborn global inflation. Despite concerns about the delay in the Federal Reserve's easing of US interest rates, investors have focused on protecting themselves against rising price pressures. Now, market attention will turn to the upcoming release of the...
Gold turned down after the US CPI report increased higher than expected. Gold "free-falled" to $2,319 as the US CPI report exceeded estimates and the market downplayed interest rate cuts. During the April 10 session, gold prices fluctuated strongly after the announcement of US CPI data exceeding estimates. The precious metal fell from $2,349 to $2,319 and then...
Gold has pulled back a bit in today's Tuesday trading session as it looks like we will continue to try to get higher. Regardless, I think this is a slightly stressed market and it might be worth noting that the relative strength index is well above the 70 level. All in all, I think the $2,200 level below would be an excellent support barrier similar to the 50-day...
NZD/USD is rising towards a resistance level which is an overlap resistance which aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit Entry: 0.59910 Why we like it: There is an overlap resistance level which aligns with the 23.6% Fibonacci retracement Stop loss: 0.60459 Why we like it: There is an overlap resistance...
Price is falling towards a support level which is a pullback support level and could bounce from this level to our take profit Entry: 0.64880 Why we like it: There is a pullback support level Stop loss: 0.64449 Why we like it: There is a pullback support level Take profit: 0.65513 Why we like it: There is an overlap resistance level which aligns with the 38.2%...
EUR/USD is currently on a support level which is an overlap support level and could reverse from this level to our take profit Entry: 1.07274 Why we like it: There is an overlap support level Stop loss: 1.06957 Why we like it: There is a pullback support level Take profit: 1.07767 Why we like it: There is a pullback resistance level Please be advised that the...
Price is currently at a support level, which is a pullback support level, and could reverse from this level to our take profit. Entry: 1.25234 Why we like it: There is a pullback support level Stop loss: 1.24481 Why we like it: There is a pullback support level Take profit: 1.25932 Why we like it: There is an overlap resistance level which aligns with the 38.2%...
Hello Traders ! On The Daily Time Frame, The USDJPY Reached The Resistance Level (151.908 - 151.318). So, We Have 2 Scenarios: BEARISH SCENARIO📉: If The Market Breaks The Support Level (150.261 - 150.693) and Closes Below That, We Will See a Bearish Move📉 TARGET: 147.150🎯 BULLISH SCENARIO📈: If The Price Breaks and Closes Above The Resistance Level...
Hello Traders ! On Tuesday 2 April, The USDCHF Reached The Resistance Level (0.90848 - 0.91126). The Price Formed a Head and Shoulders Pattern. So, Let's Expect The Bearish Scenario: If The Market Breaks The Neckline (0.89999 - 0.90161) and Closes Below That, We Will See a Bearish Move📉 TARGET: 0.88980🎯
Hello fellow traders! USDJPY has retested and respected a possible key level Checklist: ✔FORMED STCUCTURE AT KEY LEVEL ✔RSI AT 51 ✔SUPERTREND IS BUILDING BUYING POWER ✔FIB RETRACEMENT HAS SO FAR RESPECTED 38.20% TARGET 1 - 300 PIP ANALYSIS TARGET 2 - 250 PIP ANALYSIS GOOD LUCK 🍀🍀🍀!!!
Dear Robbers, This is our Day Trade master plan to Heist Bullish side of GBPJPY Bank. My dear Robbers U can enter at the any point above my entered area, Our target is Red Zone that is High risk Dangerous area.My dear Robbers please book some partial money it will manage our risk. Be safe and be careful. Loot and escape near the target 🎯
Hello traders, we want to check the EURAUD chart. The price has reached the specified support level after a downward movement. We expect this level to stop the price downward trend and the price will increase to around 1.64900. Good luck.
Hello traders, we want to check the AUDCAD chart. The price is moving in an ascending channel and we expect the identified resistance level, which the price has reacted to several times in the past, to stop the upward trend and the price to fall to around 0.89000. Good luck.