Hello traders, Gold has bounced just from Monthly resistance and has created and bullish engulfing pattern on a daily. As the monthly support @ 1759.00, a buy trade opportunity arises from 1777.21 by pending order and may be targeted @ 1826.00 as this is the nearest resistance as well as 61.8% Fib level. The price is likely to reach with either bull or bears are...
GBPJPY H4 Nice rejection candle forming on this active H4, a bearish close similar to what we are seeing now could confirm a rejection of the retest of 153.000. Multiple confluences around this price, but very early on in the week, would be good to see it out for sure.
USD / JPY four-hour chart. The currency pair continued to move up, but now the price is at the levels of the upper border of the horizontal channel in which the price has been for a very long time. Therefore, from the current levels, we are waiting for the development of a corrective movement in the direction of the four-hour supertrend line. ... Trading...
GBPJPY H1 This is what we should be looking for on the lower timeframe front, we are simply moving from left to right with a circa 85 pip range, we could measure trades from support to resistance, but ideally not resistance to support, as we are ultimately expecting a bullish break to see out some corrective moves due from last week.
GOLD - As per the price action, trend lines , & technical indicators gold is expected to go down from the current price. My approach will be a sell in the range 1819 - 1822 Potential downside : Target 1 : 1810 Target 2 : 1800 Target 3 : 1795 Maintain stop loss around 1830 Trade as per your risk appetite, I will be glad to see your likes & comment.
GBPAUD formed a cute double top formation with a lower high. The price broke its neckline with a high momentum bearish candle. I am preparing for a further decline. Next support - 1.814 ❤️Please, support this idea with like and comment!❤️
EURGBP H4 This performed perfectly, really good break and retest, was hesitant due to expecting a slightly larger correction, and for that correction to bring us back into structure, however we never saw that and that 0.84600 support price held nicely.
Let's take a trend-following long trade on AUDUSD. Reason - retest of a broken key level & positive bullish reaction from that. The pair will most likely keep growing now. Buy. Please, support this post with like and comment!
Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to raise the price of the British Pound against the US Dollar and test the resistance...
EUR/USD A signal in favor of falling EUR / USD quotes will be a rebound from the central border of the descending channel. The second signal will be a rebound from the trend line on the relative strength index (RSI). Cancellation of the option of falling quotations of the Dollar currency pair will be a strong growth and a breakdown at the level of 1.1745. This...
Looking for a nice push down as dxy looks to slow down. The risk on this is only 10 pips.
USD / CHF Forecast implies an attempt to test the resistance area near the level of 0.9285. Further, the continuation of the fall of the USD / CHF currency pair with a target below the level of 0.9105. An additional signal in favor of reducing the dollar / franc pair will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall...
The GOLD Price Forecast for October 8, 2021 assumes an attempt to test the support area near the level of 1745. Further, the growth of quotations with a target above the level of 1815 will continue. support and cancellation of the model. In this case, we should expect the GOLD price to continue to decline with a potential target below the level of 1675. Have a nice trade!
The forecast for October 8, 2021 suggests an attempt to test the support area near the 110.65 level. Then, the continued growth of quotations to the area above the level of 112.85. A test of the trend line on the relative strength index (RSI) will be in favor of raising the pair. Cancellation of the growth option will be a fall and a breakdown of the 110.35 area....
EUR / USD forecast Euro Dollar October 8, 2021 suggests the development of a correction and a test of the resistance area near the level of 1.1585. Where can we expect a rebound and an attempt to drop the pair to an area below the level of 1.1365. A test of the trend line on the relative strength index (RSI) will be in favor of reducing the currency pair....
AUDCAD - On a bigger time frame it's trying to form a support zone and chances of reversal is there as per the chart patterns. My approach will be a buy here at current price 0.91700 Potential upside target is mentioned in the chart as well, The figures are ; Traget 1 : 0.92350 Traget 2 : 0.92950 Maintain stop loss around 0.91100 Follow the levels as mentioned...
EURUSD - Looking good on hourly candles reversing back from the support zone . My approach should be a buy here at current price 1.15880 Maintain stop loss around 1.15150 Potential upside target 1.16700 - 1.17250 Follow the levels as mentioned on the chart and written here in the description. Traders hit the like button to spread the positivity :)
GOLD - As per the price action, trend lines , & technical indicators gold is expected to go down from the current price. My approach will be a sell in the range 1759 - 1761 Potential downside : Target 1 : 1753 Target 2 : 1749 Target 3 : 1743 Maintain stop loss around 1769 Trade as per your risk appetite, I will be glad to see your likes & comment.