The EUR/USD experienced a reversal during the Asian trading session, with the current price at 1.09020. Traders are now seeking a long bullish continuation with the previous swing high as the target. However, if the price falls below the 1.095 area, the scenario could change, leading to a potential short setup.
After Hitting Our Previous Take Profit, We Are Anticipating a Long Continuation Setup on GBP/USD. The Price Has Formed a Bullish Flag Pattern in the Last Few Hours, Finding Support at the 61.8% Fibonacci Level Before a Strong Push Up in the Direction of the Main Trend. Our Focus is on a Long Setup Continuation in the Direction of the Main Trend.
Yesterday, as we described, the GBP/JPY currency pair experienced a retest of its previous support level. This coincided with the 61.8% Fibonacci level. As we predicted, the price pulled back and our idea for a long setup entered the profitable zone with a strong bullish impulse during the Asian trading session. Today, we are anticipating a continuation of this setup.
Over the past few hours, the USD/CAD currency pair experienced a significant downward movement in line with the prevailing trend, following the release of yesterday's news. Today, the price is attempting to rebound after hitting a low of approximately 1.34. Our analysis suggests that there may be a pullback towards the 61.8% Fibonacci level before resuming the...
According to economists at ING, the Euro to US Dollar exchange rate (EUR/USD) is likely to be primarily driven by the US Dollar in the near future. The pair may see a surge above the 1.1000 level, but the economists believe that it will be challenging to sustain any further gains. The economists note that if the ISM services reading comes in below consensus, it...
The bears appear to be in charge of the USD/JPY as the US Dollar lingers close to a 2-month low. The market's focus now shifts to Friday's Nonfarm Payrolls jobs data. The USD/JPY has dropped in Tokyo, reflecting the US Dollar's continued weakness. The pair is currently trading at around 131.50 and has fallen from its earlier high of 131.73 to a low of 131.30. The...
– Previous Daily candle closed strong Bullish at 2020.600 as Daily breaks above recent Daily Resistance and the previous Monthly High. – Buys on close above 2025.100 targeting 1h previous Support formed on 9th March 2022 at 2030.100, Leaving Runners to the next 1h previous Support formed on 9th March 2022 at 2038.600. – Sells on close below 2016.200 targeting...
Yesterday, gold experienced a significant bullish surge as we previously anticipated, hitting our take profit levels. Today, the price is consolidating and forming a Bullish Flag pattern, which suggests a high probability of a continuation of the upward trend. However, if the price reverses in this area, we will consider a short setup. Overall, our bias is still...
The GBP/USD pair started the current trading session with a new bullish impulse, following a significant upward movement in line with the main trend. There is a chance that this momentum could continue, potentially pushing the price towards the 1.2540 area. However, if the price falls to the 1.2420 area, it could signal a bearish setup.
Based on the analysis of economists, it is expected that the EUR/USD currency pair will reach the 1.10 level before the release of the US Nonfarm Payrolls data. However, some experts suggest that there may be a pause before this anticipated jump, and the pair may find some support around 1.0870/1.0880 due to a potential recovery of the US Dollar and the need for...
The USD/JPY currency pair has declined to 132.20, continuing its retreat from a two-week high. The drop in US Treasury bond yields and softer data, as well as upbeat comments from Japan's Prime Minister Fumio Kishida, may be behind the recent losses. Kishida has pledged more investment to speed up private investment in green transformation bonds to promote...
Important resistance I believe that accompanying BTC it will fall directly.
As we forecasted in our earlier ideas, EUR/USD experienced a pullback in order to continue the long setup in the direction of the main trend. Today, it appears that the price is poised for further growth. However, if there is a reversal towards the bearish side, we will be prepared to adjust our position with a bearish setup.
In the past few hours, there has been a new bullish movement in GOLD, and it has reached the level of 1968.380. This level could be a good entry point for a long setup. However, it's important to note that this level may also represent a retest of a previous bearish price pattern. In the event that this happens, we should be prepared for a continuation of the short setup.
The EUR/USD pair was expected to surge past the 1.10 mark this week, as per economists' predictions. However, the recently announced production cut by OPEC+ has given the dollar a much-needed boost, causing a delay in the anticipated move to 1.10. While breaking above 1.10 is still a possibility, the OPEC+ cut has had a positive effect on the USD, making it...
The USD/JPY pair has surged to an intraday high near 133.50, close to the highest level in two weeks. The recent rise can be attributed to higher US Treasury bond yields and a stronger US dollar as the market anticipates the release of the crucial Nonfarm Payrolls (NFP) report on Friday. The recent challenges to market sentiment, mainly from the OPEC+ group's...
Break of structure text book sell Let’s see if this hits our zone
There may be a potential reversal in the movements of EUR/CAD following the breaking of its dynamic trendline and testing the top at 1.4940. The negative correlation between EUR/CAD and EUR/USD suggests that an increase in EUR/USD and a decrease in EUR/CAD may occur. We are currently waiting for this to happen. Our indicator has already signaled a sell entry,...