On June 25 we expected a serious movement in the currency pair EURCAD! At the moment we think it is a good time to enter a trade based on H1chart! We have a breakthrough in the downward movement. We have an impulse rise. We have higher bottoms and peaks. Resistance levels: 1.5364 1.5420 1.5499 You can also looking for target on the daily chart!
$DXY looking for price to clear the buy stops above 97.75 and a close above, for a clear run to 98.50. We might see a scenario where price will take out the buy stops and close below, in that case I will be expecting weakness in the $DXY is we head into NFP week ahead.
expecting a rise in gold to 1712, but there will be a retracements to 1690-1695 zones before it reaches the high. once price reacches the high, wait for price action to enter either to sell again or if price decides to break that zone, then we shall continue with buying. however if price decided to reject the high, we are gonna see a huge drop in the upcoming fomc.
Candle red reversal pattern, the market found resistance above the high of the previous bar. i use Fibonacci for target pricing, in this chart my target 1 is 1 projection and fib.retracement 0.382. Can we entry ? wait for two and three bars.
40/60% on this make up. 40% of me thinks we test 99,19 with a last dance type of rally 60% of me thinks we are f*cked in the US and the recession is OTW by July 4, 2020. we can win on both sides however with a 99.19 test THEN the plummet. DXY has been bought by all 4 session today as the last 2 4HR candles end bullish . NFP is tomorrow as well to make...
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Buying Trade Setup ... Less Risky Trade ....
GOLD TRADES FLAT, MARKETS EYE US NFP DATA . Gold showed minor recovery till $1721.85 on a weak US dollar. But strength in the global stock market is putting pressure at higher levels. The ECB has raised its bond-buying program by 600 billion Euros to improve growth. DXY hits- 2-1/2 month low and any break below 96.40 (200-W MA) confirms further weakness. . The...
I strongly believe that USD will strength as NFP is released.
As we expecting the NFP news tomorrow, EURUSD still pushing towards potential resistance 1.1448 to 1.1500.
Gold just reacted tp the recent rectangle retest support because , thus we might go in the next hour (16h) to the last resistance of 1720 and after if it's breaks(probably, because it hitted the recent support) we might heading towards 1729 ! trade safe and take your risk-reward with you always
With weaker nfp number expected. Strengths of dollar would decrease. Very tight SL and Very conservative TP. TRADE WITH CAUTION. THIS IS ONLY A POSSIBILTY AND IS FOR EDUCATIONAL PURPOSE ONLY. NO RISK TAKEN
New opportunity to buy gold. Today can be crucial. At 15:30 the NFP data comes out. The potential of gold is around 1748 and 1768. For the more patient we expect 1800 in the long run. Good luck!
Tonight is NFP, I am expecting USD to weaken after the release of data. A weak USD can help NZDUSD to complete a bearish shark pattern. I hope to see a exponential increase in vol when it reaches the PRZ. I expect price to stall and reverse when it completes the shark pattern. Will wait for candlestick reversal patterns and monitor RSI before my entry....
A weekly USDCAD trend reversal could be happening. First Confirmation: Price Strongly broke the Daily resistance trendline and continued upwards. Second Confirmation: NFP released figures, so far, show better than the forecast which supports USD strength. The Final confirmation for this setup will be a strong break and retest of that critical price structure,...
Hi, bulls were unable to close above 1,1000/40 on higher timeframes ( weekly/monthly ) There are rumors tha banks in China and in EM coutries are looking around for dollar ( dollar shortage ) What I noticed last few days taht each dollar weakness been bought twds EOD Selling rallies towards 1,0980/1000 stop two consecutive daily close above 1,1040 First...