The market is heading downwards. It's pulling back after impulse move from support. The price is in the downward channel. The market formed a double top and this suggests that we might see further downward move or retest the recent support. The DXY is also made pullback and I think the trend will continue upwards. My goal is the previous support level at...
Aave (AAVEUSD) is having a strong bullish sequence since the September 11 Low on Support Zone 1. Both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) are Supports now. However, it remains inside the 1.5 year long Triangle pattern and is approaching its top (Lower Highs trend-line). This suggests that the most optimal sell entry is approaching. The...
The GBPCAD pair has been trading within a Bullish Megaphone for the whole year and is about to test the 1D MA200 (orange trend-line). The recent rebound is taking place on strong technicals as it not only started on the 1W MA100 (red trend-line) but also after a 1D MACD Bullish Cross from oversold levels that we haven't seen since July 2019. If the 1D MA200...
In my yesterday's post, I said that I'm looking to buy dips, but the only price that such a trade would make sense in such a bearish environment is under 1810, the price hasn't gone there, instead stabilized after some dips in 1815 zone, so, at this moment I'm out of any Gold trade... With the price finding support at 1815 and consolidating for 2 days already, the...
Greetings, everyone! At present, the Australian Dollar is experiencing downward pressure owing to a positive risk sentiment and the strength of the US Dollar (USD). Moreover, following the interest rate announcement by the Reserve Bank of Australia (RBA) on Tuesday, the currency pair has weakened. If we examine the AUDUSD chart, it has now declined to 0.630...
I see a solid horizontal resistance on an hourly time frame on AUDNZD. The price formed a head & shoulders pattern, testing that yesterday. I am very bearish biased on the pair. Goals: 1.0685 / 1.0665 ❤️Please, support my work with like, thank you!❤️
During Thursday's Asian session, EUR/USD continued the positive trend initiated in the previous session, hovering around 1.0520. The movement of this pair was influenced by market caution regarding the trajectory of interest rates by the US Federal Reserve (Fed). Despite the Euro experiencing a rebound, it is not out of danger yet, as the correction could continue...
Let's explore today's market with Darius! Today, GBPUSD decreased by 0.03% to 1.206 USD, reaching its lowest level in the past seven months from the previous session at 1.205 USD. Although GBPUSD is currently moving sideways after the decrease, the downward trend still dominates across different time frames. Therefore, there is a possibility that the price will...
Hello everyone! At present, the Euro is making efforts to rebound following a recent drop to its lowest level in several months, falling below 1.0450. A thorough analysis of the one-day chart reveals a distinct downward trend, breaking through previous gains and support levels, although there has been some temporary recovery. However, the overall outlook suggests...
In my Saturday video analysis, I said that Siver could drop and test the 21 zone. XagUsd dropped hard and even exceeded my target. After the low under 21, Silver started to consolidate and recovered some losses. The recent price action is carving a small double bottom on our chart that could lead to further gains. However, considering the strong down pressure, I...
Like all the Jpy pairs, NzdJpy was also affected by the BoJ verbal intervention and in this case, we have a drop of 300 pips. After the sudden drop the pair started to recover losses and at this moment is approaching a strong sell zone. Traders could look for weakness signs in this zone and the target could be set in the recent low zone. Also, the 85.50 zone could...
Hello everyone! Today, let's delve into the topic of Gold with Darius... The price of gold on the global market has experienced a slight decline, dropping by 5.3 USD to reach 1,823.1 USD per ounce. This decrease can be attributed to two main factors: the strength of the US dollar and an increase in US Treasury bond yields, which have reached their highest level...
Darius greets everyone. Yesterday, gold continued to decline as predicted. Strong labor market data allows the Federal Reserve (Fed) to continue raising interest rates without causing unemployment rates to rise too much. Currently, the federal funds rate (FFR) is at its highest level in 22 years: 5.25%-5.5%. The Fed may raise interest rates again in...
After the low in September last year, GbpCad started to rise with a first very aggressive leg-up of 2500 pips from October to mid-December. However, after the top from December, the rise was contained in a big rising wedge to August, a double top marked the end of this rise and we have 3 very important breaks following: first, the break under the rising wedge's...
Hello everyone! Darius is thrilled to reconnect with all of you and engage in today's discussion. During the previous trading session, there was a minor adjustment observed in the USDJPY pair. Despite this, the upward trend remains strong as the price consistently corrects itself to reach new highs. Currently, there has been an upward correction and the pair is...
– Previous Daily candle closed weak Bearish around 1821.300 as price consolidate within the No Trade Zone identified on the most recent Analysis posted for Wednesday 4th October 2023. – Buys on close above 1829.200 targeting 1h Resistance around 1833.700, Leaving Runners to the next Hourly Resistance formed around 1838.000. – Sells on close below 1817.200...
– Previous Daily candle closed Bullish around 180.920 forming Daily Support around 179.930 as price retest the previous broken Daily Support formed on 27th September 2023. – Buys on close above 181.260 targeting 1h Resistance around 181.690, Leaving Runners to the next Hourly Resistance around 182.040. – Sells on close below 180.470 targeting Daily Support formed...
XAUUSD Short Term Pullback Whilst Momentum Slows After a sharp bearish slump which we identified with the descending channel XAUUSD hit some fierce support soldiers that slowed momentum and provided a suitable range zone to get some nice price action zone trading in, however, is this the push back to and over 1900 just yet? Look at my daily analysis to see what I...