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...
US30 Analysis - April 2024 Overview: The US30 index is currently showing signs of upward momentum, poised for a potential breakout if it surpasses the resistance level at 38749.14. However, there's a notable bearish sentiment with significant downward pressure, particularly evident around the 38022.02 level. Trade Opportunities: 1. Breakout Scenario: - If...
✅AUD_CAD has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance of 0.895 Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! AUD-CHF keeps growing In an uptrend but the pair Will soon hit a horizontal Resistance level of 0.60009 And after the retest a bearish Correction is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! Bearish trend on USD/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.342. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the USD/CHF with the target of 0.895 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! USOIL pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 82.58 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
My dear friends, Please, find my technical outlook for USDJPY below: The price is coiling around a solid key level - 151.93 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 151.72 About Used Indicators: The pivot point itself is...
My dear friends, Please, find my technical outlook for EURJPY below: The price is coiling around a solid key level - 163.19 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 164.22 Safe Stop Loss - 162.55 About Used Indicators: The...
My dear subscribers, My technical analysis for EURNZD is below: The price is coiling around a solid key level - 1.8067 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7960 My Stop Loss - 1.8132 About Used Indicators: By the very...
NZDCAD nicely respected a recently broken key horizontal daily support. After its bearish violation, an underlined blue area turned into resistance. Testing the broken structure, the price formed a double top pattern on an hourly time frame, giving us an intraday bearish confirmation. We can expect a retracement at least to 0.8136 ❤️Please, support my work...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed Impulsive Waves " 12345 " and " ABC " Corrective Waves RSI - Divergence Break of Structure Rising Wedge as an Corrective Pattern in Short Time Frame S / R Level
Celebrating success amidst the unpredictability of GBPUSD. Learn from victorious trades as we delve into the importance of patience and resilience in the face of market fluctuations. Each win is a testament to the power of strategy and mindset. Let's reflect on the journey and empower each other in the pursuit of trading excellence.
Here is our detailed technical review for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2284.284. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2224.888...
Here is our detailed technical review for EURCAD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.460. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.464 level. P.S We determine...
Please, check our technical outlook for US500. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 5200.3. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5282.0 level. P.S The term oversold...
This entry strategy will boost your win rate, this is literally the entry strategy that has boosted my win rate by 99% don't slip on it guys.... Disclaimer: Trading the financial market carries huge risk, my contents and materials are based on my own personal experience I have had in trading. you could potentially lose all your money. so do not blame me for any...
#DayPlan The pound, like the euro, remains in a long context after yesterday's news-driven movements. The clear priority is also to work in the long direction. I am ready to consider positions for continuation from the fractals formed during the Asian session.