NZDCAD may retrace from a key daily horizontal resistance: The price formed a rising wedge pattern on an hourly time frame and violated its support line after the text of the underlined structure. I expect a pullback to 0.8212 ❤️Please, support my work with like, thank you!❤️
The USD/JPY pair has completed the impulsive wave sequence labeled as 1-2-3-4-5 and is now entering a corrective phase, typically labeled as A-B-C. The price has already formed waves A and B and is currently progressing towards wave C, which is expected to extend to the 1.618 Fibonacci extension level. Additionally, the formation of a head and shoulders pattern...
Gold price (XAU/USD) began to increase in price in the US session on May 9, rising to nearly 2,350 USD, after a number of major central banks decided to cut interest rates or signaled the possibility of strong cuts. more in the future. In addition, geopolitical risks along with increased demand from Asian central banks and investors also create momentum for gold....
The number of applications for unemployment benefits increased, but will the Fed "turn around" to reduce interest rates? Gold prices regained momentum on Thursday and rose more than 1% as US government bond yields fell, reducing the appeal of the USD. Weaker U.S. labor market data raises the possibility of the Fed cutting interest rates despite dealing with...
Hey Everyone, Our 4H chart is playing out perfectly in true level to level fashion. We started the week with our first Bullish target hit at 2313. We then had the ema5 lock above 2313 opening the gap above upto 2340. This is a big gap to target and therefore using our 1H chart and smaller timeframes, we were able to buy dips safely. Today once again we had the...
I've been very reluctant to publish any idea's this week intra day, as I believe we are in retracement from the amount we sold off recently. The 4hr wick CE is the point of interest I have where price respected I am aiming for the 15min SSL to be broken and a setup form this CME open.... Lets wait and see...
Nifty 50 is currently trading within a Channel. This analysis suggests a short-term or swing trade approach. As the market is currently trending downward, consider using Trend Continuation technic and Fibonacci Retracement for your trading strategy.
EURJPY may retrace from a key daily horizontal resistance. The market looks quite overbought after quite an extended bullish movement. A cup & handle formation on an hourly time frame indicates a local strength of the sellers. I expect a retracement at least to 166.76 support. ❤️Please, support my work with like, thank you!❤️
The world gold price is currently trading around 2,310 USD/oz and is still in a short-term sideway phase. It's clear that the USD's recovery due to recent "hawkish" statements by Fed officials is creating certain resistance. According to TD Securities commodity strategist Daniel Ghali: "The market is currently 'waiting for a push' to break out, but the downward...
As of the time of writing, the DXY index extended its recovery for the fourth consecutive session, trading around 105.50 and at the same time putting pressure on major currency pairs. In the early morning of May 9, the State Bank announced that the central exchange rate USD/VND increased by 6 VND, currently at 24,249 VND. The reference exchange rate at the State...
GBP/USD traded 0.3% lower to 1.2473, ahead of Thursday's meeting of the Bank of England. The UK central bank is expected to leave interest rates unchanged this week, with speculation it could steer markets towards a cut as soon as next month - soon after the ECB is expected to cut drops on June 6.
The greenback edged better on Wednesday, bucking current weak point as numerous Fed officers organized to speak. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, traded 0.2% better at 105,500, off its lowest withinside the nearly a month remaining week. The greenback obtained a small increase...
The sell zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading below the Ichimoku cloud, which is a good sign of bearish momentum. Let's see how this plays out. Potential Trade Opportunity: Currency Pair: USDCAD Position: long Risk to Reward Ratio: 3R Trade Parameters: SellLimit: Entry Point:...
The buy zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading above the Ichimoku cloud, which is a good sign of bullish momentum. Let's see how this plays out Potential Trade Opportunity: Currency Pair: NZDUSD Position: long Risk to Reward Ratio: 3R Trade Parameters: BUYLIMIT: Entry Point:...
USDCHF is currently testing a recently broken horizontal structure support, that presumably turned into resistance after a breakout. As a bearish confirmation, I see a horizontal range on an hourly time frame and a bearish violation of its support. I think that the price may drop soon to 0.9063 ❤️Please, support my work with like, thank you!❤️
Hey Everyone, Once again our plans to buy dips played out perfectly with levels being respected!! Not much change to the chart dynamic today, as we see price playing between 2305 Goldturn support and 2321 Goldturn resistance. Our support levels are giving us the bounces needed inline with our plans to buy dips knowing we have gaps open above and the size of...
Bitcoin time frame 4 hours The price has entered the supply area and we are waiting for the price reaction. It can be the ceiling of the daily channel and we expect a drop to the bottom of the channel.
Bitcoin time frame 4 hours The previous analysis is still valid. We can optimize the entry point and wait for the price to reach our entry point.