NZD/USD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and 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...
Gold pulled up quickly in the European and U.S. sessions after falling from $2049 to $2033 in the Asian session, once reached $2075 and approached the historical high. Many significant positions are accumulated to prepare the new high for this morning. Moreover, stop-loss orders were removed in the morning session and gold once ascended to $2145 by over $70....
USDJPY is trading inside a Channel Up since the start of the year, with the 1D technical outlook just turning red (RSI = 40.803, MACD = -0.760, ADX = 32.756) as the price reached its bottom under the 1D MA100. The 1D RSI shows a rounded bottom, as it did on March 24th, so it is an optimal level to buy and target the R1 level (TP = 152.000). Since though the...
GBPJPY Good Bounce Back Expected from Yellow Zone. Use Strict SL guys. Like if your want more free sugnals and follor me
GBPCHF is in a correction period. There is a chance that the price will test the support 1.10187 if the price can remain at this level. It is expected that there will be a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
AUD/CAD Long • If price corrects and a tight flag forms, then I'll be looking to get long with 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 there's any ambiguity then I will not place a trade on this pair. EUR/USD Long • If price corrects and a tight flag...
GBP/USD has risen sharply over the past three weeks, logging solid gains that have coincided with a shift in favor of riskier currencies at the expense of the broader U.S. dollar. After recent price developments, cable is flirting with overhead resistance at 1.2720, defined by the 61.8% Fib retracement of the July/October selloff. If the bulls manage to clear this...
Gold jumped more than 3% to above $2,100 early on Monday before paring those gains, hitting fresh all-time highs amid growing expectations that the US Federal Reserve will hold interest rates steady at this month’s meeting and could start cutting rates next year. Traders also doubled down on those bets despite Fed Chair Jerome Powell’s pushback against rate-cut...
We are still seeing bullish momentum in the markets as kwacha is still loosing value againt the dollar, fundamentally/ economically the kwacha isn't performing well due to lack of proper economic activities in Zambia we will continue to see kwacha depreciate as there is a debt criss in the country and the government as of now is running low on reserves as they can...
Hello traders ,what do you think about GOLD? Gold began a correction phase after reaching the peak of its ascending channel. This correction is anticipated to persist until it reaches the designated zone. Upon arriving at the specified support zone, it is expected to rise to at least the predetermined levels. If this post was useful to you, do not forget to like...
EURUSD crossed yesterday under the 4H MA50 for the first time in 1 month and naturally turned the 4H technical outlook bearish (RSI = 35.006, MACD = -0.002, ADX = 40.444). Combined with the Bearish Cross on the 1D timeframe, this is a medium term sell signal. This combination has taken place before inside 2023 another two times and on both, the 4H MA200 wasn't...
EUR/USD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and 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...
Similar to EURUSD, market made a perfect sell off from the 1.2710 level given for a 100 pips down before a recovery. As mentioned, GBPUSD is strong and As mentioned, GBPUSD is stronger and indeed, there are 2x recovery. GBPUSD is still above its BZ but with bearish price action. EURUSD will be an easier short IMO but would be looking for the same for GBPUSD (if...
Yesterday EURUSD sold perfectly from the level given at 1.0985 for a move down to 1.0927 for almost 60 pips (), made a bounce before going down further. Bearish price action with price below BZ. Looking for possible downside today, with a rejection off 1.0931 as a low risk level to go short for a move to 1.0811. Overall, trend is now down until there is a change....
Hello traders ,what do you think about GOLD? Gold has reached the ceiling of the ascending channel and is also in the overbought zone.It is expected that after the correction to the specified support zone and the bottom of the channel will grow again to the specified level. If this post was useful to you, do not forget to like and comment.❤️
The British pound has been heavily influenced but the US dollar of recent with investors becoming less hawkish on the Federal Reserve’s interest rate path. Recent weaker US economic data has prompted such an outlook alongside some dovish Fed commentary. During yesterday’s US trading session, the 2nd estimate on US GDP surprised to the upside but the market...
The euro fell 0.17% versus the dollar to $1.0973 EURUSD, pressured by inflation data from Germany showing price growth slowed to 2.3% year-on-year in November from 3% in October. Inflation in Spain also slowed sharply. The euro zone-wide inflation figure is due out on Thursday, before the Fed's preferred measure of U.S. inflation, the personal consumption...
Gold edges higher in the early morning Asian session, underpinned by prospects of Fed rate cuts next year, which would increase the appeal of the non-interest-bearing precious metal. Treasury yields have stayed under pressure following Fed governor Waller's comments earlier this week that monetary policy is well-positioned to return inflation to a 2% target, ANZ...