Buy above high of breakout candle at 77.55 stoploss at 73.05
XAUUSD presents a bearish triangle with two possible scenarios. Currently, the price is in the 2018 supply zone after a false break of the trendline. The objective will be to wait for a confirmation of a breakout either to the downside or to the upside of the triangle. The upside breakout seems to be more likely given the negative sentiment towards the dollar and...
Hello,Friends! The BB lower band is nearby so EUR-GBP is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.872. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for NASDAQ. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 13381.8. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 13621.3 level. P.S Please,...
OANDA:XAUUSD 💎Good Morning💎 Empire State Manufacturing Index Incoming First Republic Bank has failed in the US. The US CPI has risen by 5%. The US inflation rate is 5%. B.R.I.C.S. is at work to replace the US Dollar. (Brazil, Russia, India, China, & South Africa) Gold is going to the moon! -Richard Eyo “The Wizard” 🧙♂️
Here is our detailed technical review for GOLD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2014.27. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2040.24 level....
Take a look at our analysis for EURJPY. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 148.080. The above observations make me that the market will inevitably achieve 149.742 level. P.S We determine oversold/overbought condition with RSI indicator. When...
Please, check our technical outlook for GBPCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.689. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.700 level soon. P.S Overbought describes a period of time where...
My dear subscribers , This is my opinion on the DXY next move: The asset is approaching an important pivot point 102.499 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Goal - 103.151 My Stop Loss - 102.154 About Used Indicators: Pivot points are a great way to identify areas of support and...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.89 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.89 support and resistance are, once bulls are confirmed i would consider 0.9 zone as a target as it's consider the next major...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34900 zone, USDCAD is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.34900 support and resistance zone. Trade safe, Joe.
this stock is doing nothing for a longtime. has completed complete Elliot cycle on daily chart I am buying this stock in sip mode for 4 to 8 months time period the only condition this trade has is it should not go below 2500 levels otherwise all wave patterns will fail and we will analyze it again. targets i will update as it forms over time but still 2900 and...
GBPAUD currently has a slightly bullish setup this morning after a strong decline last week. The objective is to wait for the trade at 1.8630, where there is a demand zone with three confirmations and a bullish setup for market entry in the highlighted yellow area. Let me know your thoughts. Happy trading to all. Forex48 Trading Academy
On CADJPY, we have a bullish setup since Thursday. Currently, the price is around 100.70 and rapidly ascending. The expectation is for a bounce around 100.95, where we have a supply zone with a bearish setup identified by the Forex48 strategy. In addition to this potential entry, we have another one around 101.60. Both entries look promising; we will see which one...
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy DXY. ❤️ Please, support our work with like & comment! ❤️
The recent price action on the USDJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️
Confluences: 1 HR cross above 10 EMA 15 MIN 10 EMA crossed 50 EMA to upside Bullish reaction @1.2450 support level Happy Trading 😁📈
Keeping it simple with this one, HD on the weekly hasn't broken the 200 WMA aside from the covid crash, and is resting there now. Given this, it serves as a good entry and expect a non-disastrous earnings release and price to pivot higher here - $310 First Target