Hello Traders GBP/AUD is facing resistance in the 1.90-1.91 zone. The first rejection from the mentioned resistance made a new lower low so it could be possible for the price to make a new lower high and start a downward trend. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team...
Hello Traders Despite bulls trying to push the price upward but the price has faced heavy rejections. Today the price rose well in the early hours of markets but at the end of the day closed a big red candle(daily TF). So, it could be possible for gold to see lower prices. Our technical view has been shown in the chart. If you like it then Support us by Like,...
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Hello Traders GOLD Price will surprise us this year here is why: 1- a W pattern is forming but it needs to be confirmed. 2- the double bottom pattern is confirmed. 3- downward momentum from 2067 to 1927 has no big volumes(also volume decreased), so it could be some form of correction, 4- last week, the FED news showed some uncertain weaknesses for the USD. Our...
Hello Traders BTC is playing weak for the last few weeks, but the downward trendline is going to be weak and weaker. after hitting 24800 support, BTC jumped off the support and made a Higher high. RSI and Stochastic indicators are showing good signs. it is possible that the price makes an upward move toward 28k. but if the downward trendline rejects the price...
Hello Traders We have detected a triangle correction for USD/JPY. so we stay bullish on this pair and expect some upward moves in the next few days. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are...
Hello Traders Last week EUR/USD was moving inside of a bearish channel and then, this week, took the chance of the weakened USD and broke out from it. It seems the bearish movement has been reversed and we should expect some upward corrections. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks...
Hello Traders It seems the price has completed a bullish 5-wave impulse Elliot wave and right now it is completing wave 5. Also, we have a big weekly resistance between 174.7-175.1 and likely we will see some price actions there, but wait for reversal signs before taking any short positions. Our technical view has been shown in the chart. If you like it then...
Hello Traders There are several factors that can affect the gold price this week, actually NFP and unemployment data are necessary for future FED decisions and gold of course. So without overthinking about what will happen, let's focus on present market price action. Gold Price is moving inside of descending channel and forming a bearish 5-wave impulse Elliot...
Hello Traders In bigger picture(TF daily) the price is making an ABC correction. In smaller TF Wave B is completing and trend still bullish in 4hr TF. RSI has been reached in overbought zone so we should expect a small correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For...
Hello Traders DXY has retraced 50% of its previous upward move. So maybe it will do a reversal here. Be careful of Liquidity Sweep in every USD pairs. Our technical view has been shown in the chart. If you like it then Support us by Like, Following and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are...
Hello Traders 2 major events will affect AUD/USD in the upcoming week. First RBA Interest Rate decision. Second FED Interest Rate decision. So we should expect high volatility in the following week. So here is why we are bearish on AUD/USD: 1- Iron ore price dumped hard. 2- 0.25 bps RBA interest Rate has been already priced. 3- 0.75 bps FED interest Rate will...
Hello Traders AUD/USD Inflation result is getting closer and we can see little moves happening in this pair. So here is why we are bullish on AUD/USD: 1- RSI and Stochastic are rising (1hr TF) and showing RD+. 2- ZONE 1 has been weakened now (by attempting several tries to break it). 3- Possible Double bottom formation. Target have been shown in the...
Hello Traders Looks like there is no way for the USD to climb over the 1.002 in USD/CHF. So here is why we are bearish on USD/CHF: 1- RSI and Stochastic are declining (1hr TF) and also showing RD-. 2- Rising wedge pattern has been broken. 3- Possible Double Top formation. 4- Micro momentum is bearish. Targets have been shown in the chart. If you like it then...
Hello Traders Last week, USD got gains with NFP and unemployment results. Also, sentiment around the USD is still bullish so we believe USD is shining even more in the following week. USD Inflation result will be crucial for market movements. So here is why we are bearish on NZD/USD: 1- RSI and Stochastic are declining (4hr TF). 2- Price has broken a bear...
Going into the Earnings report on August 11th, I think we will have a great bullish swing with tons of upside, ex. going from 4.10-ish to the 5.90 level at a minimum, and potentially even higher depending on the news. The company has been struggling in the last few years yet now is dishing out a ton of positive news about their ventures and the scale of their...
RSI & stochastics are positive. This is a great long-term play to get leverage from rising silver prices.
As the silver markets are continually depressed, yet keep showing impulsive character, I believe Fortuna Silver Mines is a great value right now. Keep in mind that we need to hold the ~3.30's for this to stay valid, so that would be a great place to have stops.