My dear followers, This is my opinion on the AUDUSD next move: The asset is approaching an important pivot point 0.6610 Bias - Bearish Safe Stop Loss - 0.6632 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.6568 About Used Indicators: For...
XAU/USD fell slightly below the 2,300 USD/oz mark ahead of US NFP jobs data Gold prices retreated slightly to around $2,270 at the beginning of the Asian session after just setting a new record high yesterday, surpassing $2,300. Geopolitical risks in the Middle East and expectations of loosening monetary policy from the Fed are still big driving forces for this...
Hello everyone! Yesterday, EURUSD witnessed a significant upward momentum, recovering strongly from support in line with the downward trendline. The weakening of the USD, spurred by below-expectation US March ISM Services PMI data and comments from Fed Chair Powell, has infused EURUSD with fresh energy, propelling it upwards in the face of the USD's retreat. In...
Hello, dear friends! Today, gold's upward momentum continues, with its price comfortably hovering around the $2300 mark—a historic high. This surge is buoyed by global economic conditions and news that create a fertile ground for gold's bold leaps forward. From a technical analysis standpoint, gold's trajectory is steadily climbing, guided by the Elliot Wave...
Gold continued its strong rally, hitting a new high yesterday at the 2305 mark, with a short-term swing low at 2265. I'm planning to continue buying gold today. Currently, the price is experiencing a pullback after breaking through 2296. I'm eyeing the 2284/86 USD zone for a potential buy, awaiting a reversal signal on a smaller time frame, possibly placing a buy...
As EUR/JPY recently breached its all-time high, there was a noticeable surge in trading volume, indicating a potential shift in market direction. Typically, after such a significant milestone, it's common to observe a corrective phase where prices adjust from the extreme levels reached. This correction could manifest as a retracement or consolidation, representing...
Overview: The GBP/USD pair is currently exhibiting a wedge pattern formation, indicating a potential reversal in market direction. The pair has recently tested a supply zone and experienced a pullback, suggesting a bullish bias in the short term. Furthermore, there's evidence of the pair testing a demand zone, providing additional support for a bullish...
Gold rebounded higher after the disappointing services PMI report. Gold broke out and increased around the $2,300 area after the US services PMI report was lower than expected. In the April 3 session, gold was supported when the ISM services PMI report dropped to 51.4 compared to the initially estimated level of 52.8. The precious metal fell to $2,267 early in...
✅USD_JPY has retested a key resistance level of 152.984 And as the pair is already making a bearish pullback A move down to retest the demand level below at 150.866 is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Zscaler (ZS): NASDAQ:ZS At the American cloud company Zscaler, we have completed the first 5-wave cycle at the level of $376.11, have since developed Wave II at $84.93, and are now in the overarching Wave III, which should naturally extend far beyond our Alltime High, thus above the current Wave I to also be valid. Currently, we are in the first 5-wave impulse...
Hello traders! ‼️ This is my perspective on EURCHF. Technical analysis: As we can see here price made a retracement as I expected in my last analysis, so now I expect bullish price action as price rejected from bullish order block + institutional big figure 0.97000. Fundamental news: On Thursday we have monthly CPI on CHF, news with high impact on...
Hello Traders ! On Wednesday 28 Feb, The USDCAD Reached a Resistance Level (1.35898 - 1.36269). The Price Formed a Double TOP Pattern. Currently, The Neckline is Broken ! ---------- TARGET: 1.34940🎯
GBPJPY - 24h expiry The primary trend remains bullish. A lower correction is expected. Previous resistance level of 191.55 broken. Bespoke support is located at 191.35. Preferred trade is to buy on dips. We look to Buy at 191.35 (stop at 190.85) Our profit targets will be 192.55 and 192.85 Resistance: 192.35 / 193.00 / 193.50 Support: 191.35 / 190.85 /...
Today, USDJPY remains stationary, continuing its sideways movement with little reaction to market news. Currently, the pair is in a consolidation phase, and the 4-hour chart indicates a blocked bullish momentum, lacking the drive to surpass record highs. I'm not inclined towards favoring any direction and will wait for the pair to breach either a resistance or...
Hi Traders ! After a Huge Bearish Move, The NZDUSD Reached a Support Level (0.59709 - 0.59406). The Price Broke The Lower High 0.59930 (ChoCh). So, I Predict a Bullish Move 📈 ----------- TARGET: 0.60370🎯
Hey GBPUSD traders! What's your take today—buy or sell GBPUSD? The pair recently saw a gentle recovery, reaching 1.257, marking its best rebound in a week. Yet, GBPUSD's recovery may hit a few roadblocks ahead. The downtrend still dominates, with trading below the EMA 34 and 89 lines signaling caution for buyers. Moreover, the pair's retreat to the perfect 0.618...
Hello EURUSD traders! Today, we're seeing a modest rebound in EURUSD to 1.0777, but it's still wrapped in the characteristics of a downward trend. Analysis of the charts indicates a continued decline as it breaks away from an ascending trendline. Furthermore, the convergence of the EMA 34 and 89 seems to favor the sellers. According to Dow Theory, this pair is...
Hello, everyone! Today, gold has once again hit an impressive rise, trading over the lofty level of $2,183 in the early hours of Wednesday, marking a $25 increase from the same time yesterday. This surge brought gold to a new peak as traders flock to the precious metal as a safe haven amid escalating tensions in the Middle East, largely overlooking a stronger US...