GBP USD has formed a symmetrical triangle. To get an entry we must wait for a break out of the pattern and a retest of the previous low that was created. Your thoughts on GBP USD ?
Hello traders ,what do you think about GOLD?During the New York trading session on Friday, gold experienced notable volatility following the release of key news. Initially, the price dipped but subsequently rallied, ultimately closing at $2,045. Currently, the price remains steadfastly above the identified support zone, suggesting potential for further growth as...
Here is my latest structure analysis for EURUSD. Support 1: 1.0876 - 1.0895 area Support 2: 1.0723 - 1.0760 area Resistance 1: 1.0974 - 1.1000 area Resistance 2: 1.1106 - 1.1140 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
The U.S. Dollar Index has closed the week on a flat 1W candle, the first such since October 2nd 2023 on a marginally bearish 1W technical outlook (RSI = 43.488, MACD = -0.450, ADX = 30.953). The 1W RSI has rebounded on the S1 Zone forming a HL trendline and this gives shape to a Channel Up. This RSI formation is much like the bottom's of 2021 and 2018 as you can...
EURUSD is neutral on all high timeframes with our focus on this analysis in particular being on the 1M timeframe (RSI = 51.643, MACD = -0.007, ADX = 25.957). The reason is because we want to keep ourselves aware of what the underlying long term trend is. And based on the 1M RSI it is bearish, as the indicator shows a peak. It is the same peak that for the last 10...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity EURJPY 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...
Hello traders ,what do you think about EURUSD? In the daily chart of EUR/USD, we are witnessing the formation of a Golden Cross pattern, where the 50-day Moving Average (SMA 50) has crossed above the 200-day Moving Average (SMA 200). This pattern is recognized as one of the strongest bullish signals among the technical trading community and could indicate the...
USD/CAD Short • If price corrects and a tight flag forms, then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will...
World gold prices are currently recovering after a decline as the US CPI reported data was stronger than expected and the unemployment benefit claims data missed estimates, which could delay the Fed's decision to cut interest rates. in the current period and will affect precious metals. After falling to $2,014, gold is now recovering to $2,034. The market will...
The market fluctuated strongly after the CIP news but XAU increased sharply then decreased sharply trade can trade siway at prices 2040 and 2030
Gold increased slightly thanks to DXY's decline after a few recovery sessions. The market held its breath waiting for the US inflation report at the end of the day. During the January 10 session, world gold prices decreased slightly and stabilized as investors waited for the US inflation report. DXY's slight decline after a few recovery sessions could help gold...
Anxiously waiting for news of the inflation report DXY's slight decline after a few recovery sessions could help gold rise again today. Gold is still a popular asset in the context of high world inflation and Middle East geopolitical tensions. Gold is currently recovering to $2,028 after falling to $2,024 yesterday. After two days of no action, the SPDR Gold...
AUDCHF price is near the important support zone. 0.56872-0.56799 If the price cannot break through the 0.56799 level, it is expected that in the short term there is a chance that the price will rebound. Consider buying a red zone. >>Thank you and GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Hello traders ,what do you think about GOLD? In the 1H, the momentum of gold is downward, the price is below the EMA-50, and it has broken the trend line and made a pullback. After a little fluctuation in this area, it is expected to drop at least to the specified level. If this post was useful to you, do not forget to like and comment.❤️
During Wednesday's trading session, the USD did not fluctuate much, which caused many currency pairs to become gloomy. The DXY index has been maintaining an uptrend recently, however the upward momentum has weakened in the absence of further information coming from the interest rate market, and this will likely continue until the announcement. US inflation report...
AUD USD has broken out of a falling wedge pattern and closes above with 2 candle stick confirmation patterns But there is USD News coming at NY session Anyways i will keep holding my longs.
CHF/JPY Short • If price impulses down below our area of value and a subsequent tight flag forms, then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry...
Monetary policy is now tight enough to bring inflation back to target, but policymakers need more data on inflation before cutting interest rates. Inflation is steadily approaching 2% per year It is natural to cut interest rates when inflation decreases, but the timing of the cut will depend on developments in inflation and the economy. As inflation subsides...