New week new start. So here is my outlook on GJ, Cannot be more simplified. Looking forward to get a 4+ Reward. Trade safe Cheers Europeanbulls
– Previous Weekly candle closed Doji Bearish at 2004.300 leaving a Rejection wick at 2047.500, Friday Daily candle closed Strong Bearish forming Daily Resistance at 2040.700. – Buys on close above 2006.600 targeting 1h previous Support formed at 2013.700, Leaving Runners to the next 15min Support formed at 2022.100. – Sells on close below 1995.800 targeting 4h...
In daily timeframe although we're in an uptrend I think we're at the end of it. this is a multi timeframe analysis done from 6 month timeframe down to 1h, trend analysis and SMC concepts. this is currently my idea of what is about to happen, that last move I think is gonna go down to the price of 1933$. let me know what you think will happen.
Trading on a RSI divergence as per the chart. Looking for a switch over or signs of reversal before coming out of trade before 4RR
Simple Idea for EURUSD long. We will look down to test the 1hr OB at 1.08000 which is also a key level and after getting the CE we push up the price to 1.10000 which is also a key level, where we exit our positions with a win of 7.79R. Looking forward of the price action. Cheers fxgoldsniper
– Previous Weekly candle closed Bullish at 2007.900 above Weekly Resistance formed on Monday 20th March 2023 and forming new Weekly Support at 1969.200, Thursday Daily candle closed Bearish forming Daily Resistance at 2020.800. – Buys on close above 2012.600 targeting 4h Resistance at 2017.600, Leaving Runners to the Daily Resistance formed at 2020.800. – Sells on...
C3.ai Quick Overview The stock of the C3.ai Inc (NYSE: AI) company has been hitting the wires lately. It is a U.S. artificial intelligence enterprise, providing software-as-a-service application that enables deployment of enterprise-scale AI applications. Because of the recent increased popularity of Chat GPT, artificial intelligence became the hot topic among...
In this multi-timeframe analysis I make the case for shorting $NVDA into oblivion. $260p for April 21st expiration is the play to capitalize on the overextension conditions and bearish divergence. Scale in slowly up to 288.
Fundamental Analysis Oil prices (WTI) extended its recovery, rising yesterday to their highest level in two weeks, just over $74, after advancing for a second consecutive session. After political disputes between Iraq, the semi-autonomous Kurdish region of Iraq, and Turkey halted the export of approximately 450,000 barrels of crude per day, gains were driven by...
The GBPUSD cable pair hit our projected target at 1.24171 without first pull-back to the minor support identified around the 1.21007 price level. With a bearish close on the daily timeframe, the pair is likely to trade back to the first demand zone at 1.20975 to find the necessary support to move out of the trading range condition. The 50-SMA and 200-SMA can act...
Currently, the Zambian kwacha is facing several challenges that are impacting its value in the foreign exchange market. One of the main factors is the high inflation rate, which has been driven by a surge in food and fuel prices. In addition, the country's external debt has been on the rise, and this has led to a decline in investor confidence. These factors,...
After a sharp decline on Tuesday, Gold is now balancing slightly above our 38,2% retracement on the Fibonacci. Given that we have the Fed rate announcement on Wednesday evening, we will take a cautious approach and wait for the decision first, before getting comfortable with either of the short-term directional moves. From the technical perspective, a break below...
Looking at the recent technical picture of the US Dollar index, we can see that from around the beginning of March, the index is trading within a falling wedge pattern. According to the Technical Analysis (TA) rules, such patterns tend to be bullish indications. However, in order to get comfortable with that idea, a break of the upper side of that formation would...
Going long on gold at least targeting the 1951 area zone. Use proper risk management. Happy trading!
The technical picture of USDCAD on our 4-hour chart shows that the pair is currently trading inside a descending triangle pattern. According to Technical Analysis rules, such patterns tend to break to the downside. For that, a confirmation break roughly below the 1.3650 zone would be needed. This way, a forthcoming lower low would be confirmed and more sellers may...
Riding XAUUSD all the way to the 1918 area. Use proper risk management. Happy trading
Looking to take a couple of pips to the upside before focusing on short opportunities to the downside for the rest of the week. Use proper risk management.
Last trade to close a god trading week! Use proper risk management. Happy trading!