EURGBP hit today the 1D MA100 but so far has failed to cross over it. This is keeping the 1D technical outlook neutral (RSI = 45.430, MACD = -0.002, ADX = 43.111) which is usual after a rebound at the bottom of a Channel. On this particular occasion, it is a Channel Up, rebounding after the 1D RSI turned oversold. However since July 20th, the 1D MA100 got tested...
Hello traders, what do you think about GBPUSD? This currency broke the trend line within an hour. It is expected that it will increase to the prescribed level after checking the damage level. What is your point of view? Do you agree with me?❤️
Hello traders, what do you think about gold? Currently, gold price is trading around the $ 2037 resistance area and is still in the price increase channel, expected to increase at least the specified level when reaching this area. It is important to note that today's meetings of the European Central Bank and Brahmanism's speech, President of the European Central...
Gold rose to around $2,030 an ounce on Thursday, hitting its strongest levels in a week as the dollar and Treasury yields weakened sharply after the US Federal Reserve held interest rates steady and signaled three rate cuts in 2024. Fed officials expect to lower rates by 75 basis points in 2024, more aggressive than indicated in September’s projections, and...
Hello traders, what do you think about GBPUSD? The pair has lost its support zone and is expected to fall to at least the indicated level after the upside correction and completion of the pull back to the broken zone. What is your view? Do you agree with me?❤️
Hello traders, what are your thoughts on GOLD? Breaking out of the downward channel has caused the price of gold to continue its descent. Currently trading at $1981, the current recovery seems to be a corrective move towards the $1984 level before it is expected to decline as indicated. The FED's interest rate announcement today may be a catalyst for gold's...
Hello traders ,what do you think about GOLD? Gold is moving in a descending channel. It is now at the bottom of the channel. With a corrective move towards the top of the channel and the specified level, it is expected to fall to the specified level. The FOMC STATEMENT at tomorrow can be the trigger for the movement of gold If this post was useful to you, do not...
AUDUSD is almost neutral on the 1D timeframe (RSI = 55.106, MACD = 0.003, ADX = 28.280) as it has started to decline again after the rejection on the 0.618 Fibonacci level near the top of the twelve month Channel Down. The 1D RSI got overbought at the top just like on the June 15th LH (also on the 0.618 Fibonacci), which was the previous most optimal short...
AUDUSD is currently rejecting its main resistance point on this higher low from the daily perspective. Clearly a downtrend is the next move from here with pressure sells happening. Below are the SL, TP, and entry for AUDUSD. Please use proper risk management. AUDUSD Sell/Short Entry: 0.66149 Take Profits: TP 1: 0.65116 TP 2: 0.62191 SL: 0.66878 2-5% risk capital.
The Federal Reserve is expected to leave interest rates on hold in a decision at 1900 GMT, and how the dollar moves afterward will depend on whether policymakers counter recent growing expectations for rate cuts next year, UniCredit Research analysts say in a note. UniCredit doesn't expect the Fed to "push back firmly against recent market expectations of...
NZD fell during the session, a report from Westpac cut its expectations for Q4 CPI to 3%. If inflation falls rapidly, it would mean the Reserve Bank of New Zealand does not need to keep interest rates 'higher for longer' and would therefore cut support for the NZD. In addition, the Tankan Q4 report includes a survey of thousands of Japanese companies of all...
EUR/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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...
USDCHF is technically bearish on the 1D outlook (RSI = 38.319, MACD = -0.005, ADX = 47.617) and the long term pattern remains a Channel Down but the 1D MACD has formed a Bullish Cross. Since August 2022, 3 out of 4 such formations under 0.000 have initiated strong rises. Consequently, at least on the medium term, we regard this formation more dominant than the...
XAUUSD is in a correction phase. at the 2004 resistance zone if the price cannot break through. It is expected that there is a chance that the price will continue to decrease. Consider selling. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
The Indian rupee opened marginally higher on December 12 tracking gains in local equity and Asian currencies. At 9.10am, the home currency was trading at 83.37 a dollar, up 0.03 percent from its previous close of 83.39. Traders awaiting CPI and IIP data due later today. India's headline inflation rate likely jumped to 5.8 percent in November from October's 4.87...
EUR/GBP Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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...
EURUSD is neutral on the 1D timeframe (RSI = 45.323, MACD = 0.002, ADX = 35.660), trapped inside the 1D MA200 and 1D MA50. We have grasped the bearish momentum ever since before the November 29th High, which as you see in the past ideas at the end, gave us the best short entry possible. Now with the Fibonacci retracement levels of the eleven month Channel Down...