Possible EURAUD Trade scenario on 4 hr timeframe Manage risk Make it breakeven at 1:3 RR Indicator based SMC approach Follow and like for more such setups
AUDCAD possible scenario Manage risk Indicator based SMC approach make it breakeven at 1:3 RR Follow and like for more setups.
The technical outlook for gold is quite optimistic, especially when the FED's actions are showing that they will have a high possibility of cutting interest rates. That will have a positive impact on gold. Gold in today's session will increase to the 2070 threshold, but then will decrease again. Optimism about gold price increases is still very promising, when...
This morning, global spot gold prices were at $2,053.2 per ounce and gold futures were at $2,064.5, as markets were still closed after Christmas. Last week, global gold prices registered a slight increase in the last trading session, but the $2,050 per ounce level remained a key resistance level that would be difficult for the precious metal to overcome. However,...
The AUDUSD witnessed a remarkable rebound this week, surging to the 0.6791 level on Thursday, marking the highest level since late July. After a failed attempt at the beginning of the month, the bulls finally broke above the resistance trendline dating back to April 2022, adding to the market's optimistic sentiment that the upward reversal from the year's low...
GBPUSD inched up heading into the weekend but hit a roadblock at cluster resistance stretching from 1.2727 to1.2769, where a crucial Fibonacci level converges with a downtrend line extended from the 2023 peak. Reinforcing bullish momentum requires clearing this technical hurdle; with a successful breakout likely paving the way for a move towards 1.2800, followed...
The Euro continues to strengthen as Martins Kazaks, member of the Governing Council of the European Central Bank (ECB), highlighted the need to maintain current interest rates over the long term. However, he suggested that the first interest rate cut could materialize around mid-2024. This statement strengthened the Euro's position as the commitment to maintain...
As of the most recent data, the EUR/USD currency pair is currently trading at approximately 1.1000. The pair has experienced some volatility in recent sessions due to a combination of factors including economic data releases, central bank announcements, and global geopolitical events. The euro has faced pressure from concerns about the economic impact of the...
From a technical standpoint, gold's recent breakout above a week-long consolidative trading range, approximately around $2,048 , signals a favorable environment for bullish traders. Notably, the occurrence of a golden cross, where the 50-day Simple Moving Average (SMA) crossed above the 200-day SMA, adds weight to the positive outlook. This technical setup...
Daily chart CADJPY is in a correction period. The main trend is still in an uptrend. It can be seen that the price tested the strong support zone 2 times at the level of 104.32, but the price was unable to break through. As long as the price can stay above 104.32, there is a chance that the price will test the 110.36 resistance level, consider buying. >>Thank you...
The technical analysis of the Pound to US Dollar (GBP/USD) pairing adds another layer to the narrative. The currency pair is currently approaching a critical support level at $1.265, representing a potential pullback point. This level aligns with a confluence of Fibonacci levels, including the 50.0% retracement and the 61.8% projection levels. This confluence ...
GBP/CAD Long • If price impulses up above our most recent high, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If...
Hello traders ,what do you think about EURJPY? After breaking the trend line and the support zone, this currency pair has completed a pullback to that zone. It is expected to drop to the specified level after a little fluctuation in this zone. If this post was useful to you, do not forget to like and comment.❤️
The AUDUSD witnessed a remarkable rebound this week, surging to the 0.6791 level on Thursday, marking the highest level since late July. After a failed attempt at the beginning of the month, the bulls finally broke above the resistance trendline dating back to April 2022, adding to the market's optimistic sentiment that the upward reversal from the year's low...
On Wednesday, the GBPUSD fell sharply during the European session as UK inflation for November came in below expectations. The fresh weakness is expected to completely reverse Tuesday's gains and challenge key support at 1.2636. With the overall decline of the GBPUSD, bears are expected to test the starting point of the upward impulse waves. Subsequently, the...
During the Asian trading session on Thursday (December 12), spot gold price decreased slightly and is currently trading at 2037 USD. Yesterday, Fed officials remained hawkish and stated that there would be no 'immediate interest rate cuts'. It was another hawkish speech following the hawks after Powell signaled dovishness. At that time, the market must wait for...
Yesterday's gold price in the Asian session mainly fluctuated in a narrow range. At the beginning of the US session, the gold price quickly climbed higher on the weaker dollar index, and it once closed to 2047. However, pressured by the hawkish remarks and strong economic data, the gold price slightly retraced, ultimately closing with a small bull candle. The...
The EURUSD lost momentum on Wednesday as concerns about the eurozone's economic outlook intensified. However, the intraday bias remains neutral and more consolidation is likely below 1.1008. A further rebound is expected as long as the 1.0722 support level is held. On the upside, a break above 1.1016 would resume the overall uptrend starting from 1.0450 and retest...