➡️ Retested the 1.1000 resistance zone again in the last session, however buyers were unable to push the price above this level, selling pressure returned and created a railroad pattern on the daily, a bearish signal. However, you can watch to buy at the lower resistance area
There are two main factors driving the increase in gold prices: - USD weakness: The USD fell 0.1% and hovered around a more than 2-month low recorded last week. This makes gold cheaper for holders of other currencies. - Expect the US to end interest rate hikes: Investors are expecting the US Federal Reserve (Fed) to begin slowing down interest rate increases...
The Canadian dollar appears to be bearish against several pairs. The pair that I'm eyeing is the CADCHF. Based on the latest range breakout, this is another swing trading momentum play. As long as price doesn't revert back into this range, I think further downside is very likely.
EURAUD has potential to move higher as it retests the recent 1hr orderblock. Wait for lower timeframe bullish price action to confirm the move.
We can see price reaching out to the daily timeframe bearish channel upper line, which potentially can act as resistance for the price. Additionally, we can spot the formation of a rising wedge pattern in the chart, which is intrinsically bearish and is regarded as a reversal formation in an uptrend. Another factor indicating the loss of bullish momentum is...
EUR/USD: The EUR/USD pair is trending upward in the short term. If the exchange rate remains above 1.0977, investors can go long and book profits near 1.1020 and 1.1052. If the exchange rate falls below his 1.0977, the investor should sell short and expect to take profit at 1.0946 and he should expect to take profits at 1.0903.
💯After reaching its price floor and proper flooring, it is ready to move towards the desired goal... WOMAN , LIFE , FREEDOM ✌
Recent shift in intraday structure suggests that CADJPY could continue to range highs.
➡️ Currency traders observed the Euro maintaining its bullish position against the US Dollar today, persistently aiming for the 1.1000 mark and finding support at 1.0900. However, the Euro faced a decline against the British Pound, reaching a two-week low. ➡️ Changes in investor sentiment can be attributed to evolving expectations regarding the monetary policy of...
➡️ Recent trends in gold prices are primarily influenced by US monetary policy. Gold has successfully surpassed the $2,000 level and is anticipated to conclude the week with positive gains for the second consecutive time. Despite this, some organizations hold the view that the potential for further increases in gold prices is limited. The Federal Reserve's...
➡️ GBPUSD showed a significant price increase in the last session and is currently nearing the target resistance level of 1.265, as per the double bottom model. It is advisable to consider taking profits on previous buying positions. The upcoming focus should be on monitoring the price action around this resistance level, as the signals observed here will likely...
➡️ GBPUSD has approached the weekly resistance zone and we see the price weakening in momentum. That means the price forms a higher peak, but it is clear that neither the candlestick nor the distance to create the peak is strong. However, this is not a reversal signal. If we want a reversal trade from this zone, we need more confirmation. ✔️ So with this...
I will consider buying the LTCUSD instrument. The price shows signs of reaccumulation, on the chart there are weak signs of the strength of the seller, so there is reason to believe that the growth will continue to the nearest target of $76.80 per 1 LTC. In the zone of $67-68, I will look for a buy entry. Expect an entry point that is convenient for you and...
➡️ Gold held its ground in the final trading session of the week, securing its second consecutive weekly gain. The upswing in gold prices was driven by a softening dollar, with analysts increasingly speculating that the US Federal Reserve (Fed) had concluded its interest rate hike. The decline in the US Dollar Index renders gold more affordable for holders of...
XAU has increased dramatically this morning, specifically in 2018 due to recognition from the FED, the end of the interest rate hike cycle, experts say that XAU will continue to increase in the near future Experts say that the current headwind for gold is still rising bond yields. Therefore, the market may be sensitive to important reports this week, including US...
➡️ The market experienced a steep decline in the initial half of the session, followed by a resurgence of buying activity that resulted in long candle shadows below. This indicates that sellers did not exert strong dominance. The overall situation has remained relatively unchanged since the last session. Our expectation is for the price to continue its upward...
Traders, I've spotted a compelling shorting opportunity on AUDCAD, presenting itself differently across various timeframes. Specifically, the daily chart indicates a trend trading setup, showcasing the convergence of both the Bearish Shark and Bearish Crab Patterns in the same region. My strategy involves waiting for the market to reach the 0.9000 region before...
It seems that the USDJPY is presenting challenges in trading decisions. Despite the presence of a valid bearish fib-3 bat pattern, your interest lies in seeking a buying opportunity, expected to materialize potentially by Tuesday based on further market development. You've also noted the invalidation of a Bullish Gartley Pattern on the 1-hourly chart,...