Hello,Friends! We are targeting the 1.716 level area with our short trade on GBP/CAD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
After FOMC I expect a correction on EURUSD from 1.0922 targets below 1.082 and stops above 1.0950. Use proper risk management.
Please, check our technical outlook for GBPNZD. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2.099. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.085 level soon. P.S We determine oversold/overbought...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61200 support and resistance area. Trade safe, Joe.
Greetings, everyone! Today, USDJPY has continued its triumphant rally, with trades soaring above the 151.00 USD mark. The pair successfully closed above the resistance level of 150.700, hinting at the potential for further ascents. This surge comes on the heels of the Japanese Yen hitting a multi-month low following the Bank of Japan's modest rate hike on Tuesday....
Hello everyone, are you curious about the future trajectory of GBPUSD? At the moment, this currency pair is progressing rather sluggishly, exhibiting limited fluctuations. Nonetheless, a downward trend still seems to prevail. Currently trading at the 1.2727 mark, the outlook suggests a potential for further decline, especially when considering the convergence of...
Hello, cherished friends! Let's explore the pulse of the EURUSD market together today! In a serene trading session this Wednesday, EURUSD stands still at 1.086, mirroring yesterday's close. The Dollar's strength continues to challenge riskier assets, reinforcing the US Dollar Index (DXY) and influencing a slight dip in EUR/USD. A technical glance points to the...
As dawn breaks over the European trading session this Wednesday, gold (XAU/USD) strives to gather momentum within a tight range, holding its ground above the $2150 mark. The pulse of speculation quickens, fueled by last week's robust US consumer and producer inflation data, which signals the Federal Reserve's inclination to sustain a higher interest rate...
Hello,Traders! AUD-NZD is trading in an Uptrend and the pair is Locally overbought so After the retest of the Horizontal Resistance of 1.0834 We are likely to see A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.27900 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.27900 support and resistance area. as we approach the Fomc next week fed may go for another hike due to the persistent inflation as both...
Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 2163 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2163 support and resistance area. it came across my attention that there is a strong bullish momentum on DXY which does correlate negatively with...
Hey Traders, in today's trading session we are monitoring AUDUSD For a selling opportunity around 0.65900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65900 support and resistance area. We would also consider the current bearish momentum on Gold and indices since AUDUSD have a positive...
Hello,Friends! We are now examining the EUR/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.458 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on EUR/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.467. ✅LIKE AND COMMENT MY IDEAS✅
Hello everyone, as we anticipated, GBPUSD has continued its downward adjustment under the rebounding strength of the USD. The current trading price is at 1.268, firmly entrenched within the bearish channel. The next goal is to push this pair towards the 1.2625 support level, after all significant previous defenses have been breached by sellers. So, what about...
USD/JPY pair, we might notice a potential resistance level forming around 149.185. A break above this level could indicate bullish momentum, with the next significant resistance possibly around 149.500. However, if the market fails to break above 149.185, we might see a reversion to the downside, possibly targeting support levels such as 148.127. If you like...