EURGBP is trading within a wide horizontal range on a daily. Its upper boundary was reached last week. Analyzing the reaction of the price to that, we can spot a narrow horizontal range on an hourly time frame. Its support has just been broken - it is an important sign of strength of the sellers. I anticipate a further decline now to 0.8666 / 0.865 ...
The GBP/USD pair has experienced its third consecutive weekly decline, continuing the bearish trend that began in mid-July. During this period, the exchange rate has dropped from around 1.3100 to 1.2232, reaching the lowest level since March last Friday. The combination of an accommodative Bank of England and a decisive pause from the Federal Reserve has paved the...
Nifty future and banknifty future analysis and intraday plan in kannada. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
GBPCAD is oversold at this situation.RSI shows that .so we can see a correctional buy . EDUCATION so to find tha point of reverse in the market we can use out fibonacci tool to high to the low the impulse in that point we can see the 0.382 Fibo level is perfectly matched with the previous support which will become the resistance soon.( SBR ).also the trading...
Whats up gold gang!! what a day yesterday catching alll the sells and the buys too lol .. lets get it today too quick one for NY session outlook .. we have PMI news later in the session which should get us the volume needed. Im still bearish on the HTF so im wanting the sells below the level shown .. strong close and a wick to confirm the zone in the white...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Today we are going to go over a practical example on #JNJ , but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. 📚 Always remember to follow your trading plan when it comes to entry, risk...
Things are heating up as the selling pressure surrounding this pair seems to be shifting gears. The US Dollar is riding high, boasting its loftiest daily close since March. What's fueling this surge? Well, it's all about the robust economic performance of the US economic docket. Let's dive into the numbers—brace yourself for some impressive stats. The Producer...
Welcome back to another exciting episode of our weekly XAUUSD technical analysis! 📈 In the ever-evolving world of forex trading, gold seems to be holding its ground around the crucial $1,900 mark. 🔒 The recent surge in the U.S. Consumer Price Index (CPI) has sparked inflation concerns, making investors wonder about the Fed's next move. 📊 This week, we'll explore...
HI Traders, GBP/JPY's bullish rally seems to be running out of fumes and price is beginning to the move towards the downside. 📌 Currently, the price is forming up a nice bearish wedge pattern in the 8H chart of GBP/JPY. 📌 The bearish trend could either be forming up or the bearish is simply accumulating order to make another bullish spike toward the upside. 📌...
After breaking out of the ascending channel that we have identified on the graph, the price has been impulsing towards the upside ever since. At the moment, we might infer how a crucial area of resistance has been reached and we are expecting for some correctional moves | pullbacks to kick in from here and drive the price towards the downside in the middle...
The price of gold showed resilience after a bounce in the range of $1,914-$1,913 from the previous day, recording a modest increase of just over 0.20% and breaking a three-day losing streak. However, it gave up the weekly gains, being below all moving averages. Technical indicators confirm the bearish sentiment, with the peak of the pair this week at the 61.8%...
The market has been relentless to the downside over the last 2-3 months. 0:0 Monthly timeframe 2:00 Weekly timeframe 5:35 Daily timeframe 8:45 4hr timeframe 12:35 let's zoom out a bit 12:30 1hr timeframe 15:15 Bias Fueled by Inflation data and technical confirmations, the market has continued is descent time & again. Tuesday Wednesday and thursday have closed...
EURSGD started consolidating at the beginning of September and then broke below this range 14 days later. Price retraced back to the lower boundary of the previous range and is currently holding below. This is a good indication that selling pressure remains strong. As long as price is holding below this range, a swing trade potential is possible.
In yesterday's New York session the EURUSD pair had a New York session high of 1.06736 and a session low of 1.06236, this was the range of the New York session. Going forward today I will have a look at the lows and highs of the Asian session to see where liquidity is sitting. Depending on whether you are long or short there will be a lot of buy and sell stops...
Boosted by a weaker US Dollar, the GBP/USD bounced from six-month lows near 1.2230 and rose to the 1.2300 area. However, the Pound remains among the worst performers following the surprising accommodative stance of the Bank of England. The Relative Strength Index (RSI) indicator on the four-hour chart stays below 30, and GBP/USD trades within touching distance of...
We have entered EURUSD on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. As per pour previous post, after the Fed News, according to our OE tables, the more than 50% likely chance of the weekly potential low got...
We had previously entered USDJPY on the daily confirmation bar on a long trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. Ahead of the Fed news, we had trailed our stop to low of IB-1 at 147.32 shown as TSL 1 on the chart image. The Fed news bar did not...
Good evening gold gang! .. wow what a great day! .. small scalps in NY and huge sells for FOMC. congrats if you followed along and took the same trades DXY has come up and cleared all ranges now and left a double top thats ready to be raided .. so this could have been the top for gold as it we make our way down following the HTF trend Buys, sells and reversals...