Feb 5th DXY: Push up towards 104.25 resistance before retracing down within range of 103.70 and 140.25. If it breaks resistance and trendline, could head up to 104.85 NZDUSD: Sell 0.6080 SL 20 TP 40 AUDUSD: Buy 0.6535 SL 20 TP 50 USDJPY: Buy 148.70 SL 30 TP 100 GBPUSD: Sell 1.26 SL 20 TP 40 EURUSD: Consolidating, look to test 1.0745 reject, Buy 1.0760 SL...
By re-examining the Bitcoin chart in the 4-hour time frame, we see that the price is still trading in the $42,900 range, and if the price succeeds in maintaining the support of this range, we can expect more growth from Bitcoin! The possible targets of this growth are $45,500, $45,900 and $46,790 respectively! Please support me with your likes and comments to...
Hello dear friends! The precious metal is trading below resistance at $2045, continuing its downtrend on the day although the outlook remains bullish, marking a $7 decline on the day. With the possibility of a head and shoulders pattern forming, I expect gold to fall to the indicated level.
Dear friends, the overall trend for gold today is downward, as indicated by the reversal of the EMA 34 signal. At the time of writing, the price is trading at $2023, a decrease of 0.82% for the day. Based on recent statements and the number of jobs, it seems unlikely that a rate cut will occur in March. The better-than-expected job market in the US has caused...
Last week was very profitable for us. Adviced to short the market around 2060 and Gold fell over 370pips. This week there are 2 scenerio's. We have a daily support trend wich can push gold back up. But also 2030 is very strong resistance now. In my opinion we need to find good sell positions, but be aware off the red line support zone. Bearish target 2005 and...
After the breakout off the bearish channel in H4 i adviced to go long in the gold market. Wich was accurate and gold hit both targets!. (See last analysis) What now? Price action wise. The monthly candle closed with a bearish candle. Wich indicates there will be a bearish movement on the way. Also gold manage to hit the strong resistance/supply zone around...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 2024, which is a pullback support. Our take profit will be at 2038, an overlap resistance. The stop loss will be placed at 2014.06, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
💹 Forex Quick Check: #EURUSD 📉 Trend: Bearish 🚀 Action: LONG @ 1.07739 🎯 TP: 1.08533 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #EURUSD. #EURUSD is going down through the proper channel and now is at the support level. Here we can see that it grabs the liquidity from below side and now is in the range according to...
FOREXCOM:XAUUSD was ready to overcome the resistance of the 2062 range, but Friday's NFP, with sharply unexpected data of 353K ruined the temporary plans of buyers. The dollar is building strong momentum and continues its strengthening trend. pic: Long-term bullish trend. The price is trading at its maximum values On the 2-week timeframe we see a strong...
💹 Forex Quick Check: #USDCHF 📉 Trend: Bearish 🚀 Action: SHORT @ 0.87104 🎯 TP: 0.85677 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #USDCHF. USDCHF is in the bearish trend and now is going for false breakout to the bearish trend line. Here we can see that we had a strong bearish liquidation zone, where we can find a...
Today XAUUSD Setup | GOLD 05th of February 2024 01 : Around BUY 2030 TP 2035 - 2040 02 : Around SELL 2040 TP 2035 - 2030 03 : Around BUY 2020 TP 2015 - 2010 04 : Around SELL 2050 TP 2055 - 2060 05 : GOLD Broke 2040 - BUY Trade 2045 - 2050 06 : GOLD Fell below 2030 - SELL Trade TP 2025 - 2020 07 : GOLD Broke below 2050 - Buy Trade TP 2055 - 2060
Gold (XAU/USD) is falling towards a pullback support and could potentially break under this level to fall towards our take-profit target. Entry: 2,031.94 Why we like it: There is a potential breakout level Stop Loss: 2,039.78 Why we like it: There is a pullback resistance that sits above the 23.6% Fibonacci retracement level Take Profit: 2,014.05 Why we like...
NFP hammered gold and although the uncertainty caused by recent war actions seems that gold is falling. For now the direction remains bearish. Last month gold moved very ugly - rapid moves of 300 pips in opposite directions almost every day. The result is an inside monthly bar. Gold is creating liquidity to break the all-time high once and for ever, but just not yet.
In a remarkable display of strength, gold has extended its winning streak for the fifth consecutive day, with its price surging above the $2,060 mark. This impressive rally indicates a growing investor interest in the precious metal and highlights its role as a safe haven asset in uncertain times. The surge in gold prices has been fueled by a combination of...
– Previous Weekly candle closed Bullish rejecting 2 recent Weekly Resistances (2049s) and (2063s) and forming new Weekly Support just below 2020s, Friday Daily candle closed Bearish forming Resistance at 2055s. – One thing I find interesting on Daily timeframe is how Friday daily candle tapped into previous Daily Resistance held around 2030s then rejected and...
Short-term gold prices will still be strongly influenced by upcoming economic data and their impact on the USD and expectations of FED interest rate cuts. Next week, only service PMI data and the US weekly unemployment report will be released, so these data may not have much impact on gold prices next week. Technically, considering the H4 time frame ptkt chart,...
We move past an important week for markets, one where a one-two punch from Jay Powell’s FOMC presser and a very strong nonfarm payrolls report have essentially closed the door on a March rate cut. With US economic exceptionalism coming back into the narrative, we see this play out in the bond market with the US 2-year Treasury pushing back to the top of the range...
📌Usually, silver is considered as the second safest capital after gold, and due to the escalation of war tensions, it can be considered as a safe asset by investors. 🎯 From a technical point of view, silver can continue its upward trend in the four-hour time frame after the formation of the BULLISH GARTLR harmonic pattern. In general, the scenario is reinforced...