Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84500 support and resistance area.
Trade safe, Joe.
Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.61800 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.61800 support and resistance zone.
Trade safe, Joe.
Hello gold traders, let’s dive into today’s gold price action!
Right now, gold is in a consolidation phase, trapped below the key resistance at $2525, with the price range yet to break.
But looking at the bigger picture, the precious metal is still riding an upward channel, and I’m betting on a bullish breakout, especially with yesterday’s news favoring...
EUR/USD is trading near the 1.1100 level during Friday’s U.S. session. Although the risk-averse market sentiment has limited the pair’s upside, dovish comments from Fed officials and a disappointing U.S. jobs report have helped the pair hold its ground, keeping EUR/USD above the key support level of 1.1039.
Hello, Friends!
NZD/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.619 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11400 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11400 support and resistance area.
Trade safe, Joe.
Hello, Friends!
It makes sense for us to go short on EUR/NZD right now from the resistance line above with the target of 1.762 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.31650 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.31650 area.
Trade safe, Joe.
Pair Name = USOIL
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bearish
Pattern = Symmetrical Triangle
Explaination :-
USOIL Is forming the symmetrical triangle pattern breakout confirmed. we can see here a bearish wave.
The 4-hour chart for SOLUSDT shows the price remaining below both the EMA 34 and EMA 89, indicating a dominant downtrend.
Strong support lies around 123 USD, where the price recently rebounded, signaling buying interest at this level.
The key resistance at 137 USD may prove difficult for the price to break. If it does manage to break this resistance, an upward...
Pair Name = BTCUSD
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Explaination :-
Bitcoin is bullish but here BTC is making confusion in investors mind. According my Point Of view BTC Key level is 60k. if it breaks this level then it will hit price level 80k+. But if BTC drops More we can see support level at 44k to 50k.
The 2-hour BTCUSDT chart shows a prevailing downtrend, with the price currently moving below the EMA 34 and EMA 89 lines.
Key Resistance: The 55,000 USD level is a strong resistance, as the price has tested it and failed to break through. The key support lies around 53,000 USD.
BTC is likely to retest the EMA 34 around 55,000 USD before continuing its downward...
Hello, Friends!
GBP/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Please, check our technical outlook for GBPCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.782.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.779 level soon.
P.S
Overbought describes a period of...
Dear friends, I hope you’re excited about today’s gold trading idea!
At the moment, gold is still in a consolidation phase, with the price stuck below the $2525 resistance level and the range remaining unbroken.
But! When we take a step back and look at the bigger picture, the precious metal’s upward channel remains intact. That's why I continue to favor buy...
Pair Name = US30
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Pattern = Channel
Key Level = 39200
Explanation :-
US30 is Forming the Channel Pattern. Gradually Volume Decreasing. In this Drop it can hit the key Price Level 39200.
Pair Name = GBPUSD
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Explaination :-
GBPUSD is ready for bullish move but currently we can see a small retesting. after completing this retesting we will see bullish wave here possible from next week.
Dear friends,
After some significant red news affecting the USD yesterday, gold has made a remarkable recovery, surpassing the psychological threshold of $2,500 and continuing to consolidate near recent record highs. Although the momentum has slowed down, one analyst believes that this rally still has more room to run.
From a technical perspective, in the long...
