NZD/USD: The price doesn't go over the resistance at 0.6400 in confluence with the dynamic resistance of the channel and the 61.8% Fibonacci level. The Stochastic is in the overbought area and our Analysis shows a bearish impulse to the 0.6287 level.
USD/JPY is still in a consolidation area. The technical analysis shows in the last sessions the price reach the bottom around 129.500 Lower-low then a bullish impulse pushed the price to the creation of a new Higher-high at 134.800 where from 6 January the price made a retracement on the 61.8% Fibonacci level, exactly where we are now. Based on our analysis, the...
GOLD in Overbought Area with Divergence sees the price inside a rectangle where a possible breakout will let fall the price in the area 1864 - 1854.000. We are Looking for a Short setup here.
EUR/USD Strong Bull spike after Fed Chair Powell Speaks let's see the EUR make a Double Top in the lower time frame in area 1.076 and our Idea is now definitely bearish for this pair. The Stochastic indicator is still in the overbought are and we have set a Short trade in this scenario.
GBP/USD as explained yesterday still inside a bearish channel where today the price makes a rebound on the dynamic trendline inc confluence with the 61.8% Fibonacci level. The stochastic is still in the overbought area and we are Looking for a Short Setup.
Powell is scheduled to speak at the Riksbank’s International Symposium on Central Bank Independence later during the early North American session. His remarks will be closely scrutinized for clues about the Fed's rate-hike path. The focus, however, remains on the latest consumer inflation figures from the United States (US), due for release on Thursday. The...
EUR/USD has grown during the Monday session reaching 1.076 the currency pair seesaws around the highest levels since June 2022 as bulls run out of steam. Yesterday we have recognized a Bearish Shark pattern where the price reach the entry point at 1.13% FIBO extension where the price today may have a bearish impulse as retracement after the last bullish rally. The...
AUD/USD after 3 days of bullish rally the AUD seems to find resistance on level 0.6950 where the price it's started to converge for a retracement and possible pullback. The stochastic it's in the overbought area and our Idea is about a pullback around the area of 50% - 61.8% Fibonacci, this does not exclude the possibility for the price to may drop more.
Silver, in a lower timeframe H1 price, may start a new bearish rally after a breakout of a dynamic trendline and reversal on the 61.8% Fibonacci retracement. The stochastic shows an Overbought scenario with divergence and our forecast is about a possible SHORT setup.
AUD/USD the price makes in the last sessions a strong increase value whereas today the price seems to react to 0.69400 resistance where a possible reversal may happen. The stochastic is still in the overbought area and our Idea is about a new Bearish impulse.
GOLD had a reaction on a strong resistance level of 1880.00 and today the price may converge on a bearish side after a previous strong bullish impulse on Friday. XAU/USD could take a breather before recapturing $1,900. Our forecast is about a retracement around the 50% Fibo from the last swing low.
NZD/USD After the Strong bullish impulse of Friday the price today reach the upper side of the dynamic resistance made by the Bearish channel in confluence with the 61.8% FIBO from the last swing high. This Area should be crucial for the price to see a possible reversal or a breakout for the upper side of the chart. Our Forecast is about a bearish impulse inside...
EUR/USD advances for the second session in a row on Monday and prints new multi-day highs in the 1.0700 neighborhood amidst the persistent selling bias around the US dollar. After the solid bullish impulse of Friday, the price has now formed a reversal Shark pattern exactly on the 1.0700 Area. The Stochastic indicator shows a Divergence and an overbought...
Today I expect a slight decline for liquidity and a tightening of the ongoing short-term uptrend for ATOM
GOLD had a strong Bullish candle despite the positive economic data release of the US Unemployment Rate , Non-Farm Employment Change and the Unemployment Rate and retest the previous resistance at 1850.000. We are Looking for a Reversal setup.
EUR/USD in a strong downtrend have a retest the previous resistance at 1.0520 - 1.0530 area after the positive economic data release of the US Unemployment Rate , Non-Farm Employment Change and the Unemployment Rate and the price may have a strong drop down in the direction of the main trend.
GBP/USD retest the previous resistance at 1.1900 after the positive economic data release of the US Unemployment Rate , Non-Farm Employment Change and the Unemployment Rate and the price may have a strong drop down in the direction of the main trend.
The pair GBP/USD is testing the support at 1.1800 and keeps the potential for an even greater decline. The pressure on the pound continues to be exerted by the worsening economic situation in England, as well as the local strengthening of the dollar. The UK economy is facing unprecedented domestic challenges, including high inflation, falling citizen wealth,...