⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Monday's trading session did not have many fluctuations, the price area touched the trendline and resistance area, setting up a SELL signal ⭐️ SET UP GBP/ AUD PRICE: 🔥SELL zone: 1.94300 - 1.94500 SL : 1.94800 TP 1 : 1.94000 TP 2 : 1.93700 TP 3 : 1.93300 ⭐️ Technical analysis: Based on...
After a good movement for the GBP there was a slightly bear movement in the last days of this week. There was one new small bear canal which has been forming during the last days. As the last candle from Friday 01.03.2024 was a bear with a significant movement for JPY we could start looking for a short idea. The best variant to enter in a position will be after a...
Overall the trend should be our friend. NZDUSD is in big bearish trend and after a sharply down movement it is time for a tiny correction. There is a bullish diviregence on the RSI 1H time frame, which may be is going to happen. Once the correction is done and the price hit supply zone it is good idea to look for a enter after candlestick confirmation or bearish...
After a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply...
Weekly= Bearish Trend Daily= Bullish trend with resistance (Major wick doji) 4H= Head & Shoulders pattern 1H= Head & Shoulders pattern
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has remained largely the same following the release of the meeting minutes from the US Federal Reserve (Fed) in January. These minutes provided assurance to market participants that the Fed does not have immediate plans to reduce interest rates. Although this could be interpreted as a...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has continued to rise for three consecutive days after recent economic data from the United States showed that inflation is still higher than the target set by the US Federal Reserve. Both the Consumer Price Index (CPI) and the Producer Price Index (PPI) for January exceeded...
⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Strong resistance zone at 161,900, no important economic data today, correction DOWN ⭐️ SET UP EUR/ JPY PRICE: 🔥SELL zone: 161.870 - 162.070 SL 162.370 TP1: 161.570 TP2: 161.270 TP3: 160.870 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas...
NZD/USD is in a overall downtrend from the higher timeframe. It has given equal highs forming a double top on the 2hr. I will be taking the following sell on it: Entry = 0.61443 Stop Loss = 0.61693 25 pips Take Profit = 0.60941 50 pips Lot Size = (0.05)
⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: The price range is following a DOWN trend, touching the trendline along with the resistance area, suitable for a SELL signal ⭐️ SET UP PRICE: 🔥SELL EUR/ NZD zone: 1.76630 - 1.76800 SL 1.77130 TP1: 1.76330 TP2: 1.76000 TP3: 1/75700 ⭐️ Technical analysis: Based on technical indicators EMA...
✍️ NOVA hello everyone, Let's comment on gold price next week from 19/2 - 23/2/2024 🔥 World situation: In the meantime, there were updates from Federal Reserve officials, specifically Atlanta's Fed President Raphael Bostic and San Francisco Fed President Mary Daly. Bostic emphasized the need for patience and predicted that there could be two rate cuts in the...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Fed Chair Jerome Powell and a number of other Federal Reserve officials have expressed the central bank's desire to gather more positive data and confirm the direction of inflation before implementing any changes to monetary policy. As a result of these statements, the financial markets are currently...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has fallen below the psychological level of $2,000 during the early Asian session on Wednesday. The stronger inflation data in the United States has caused some selling pressure on gold, as it reduces expectations of an early interest rate cut. Currently, the price of gold is...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is experiencing a decline for the fifth consecutive day during the early Asian trading session on Tuesday. The ongoing narrative of the US Federal Reserve (Fed) advocating for a prolonged period of higher interest rates is exerting downward pressure on the non-yielding yellow...
⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: DOWN trend, stable trading below the EMA lines, establishing a SELL signal ⭐️ SET UP EUR / AUD PRICE: 🔥SELL zone: 1.65200 - 1.65350 SL 1.65800 TP1: 1.65000 TP2: 1.64700 TP3: 1.64300 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a...
Based on the previous idea this is what i was referring to. check the related ideas section.
Is GBPUSD exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 1.2570. What you guys think of it?