Early last week, traders started taking profit on US dollar long positions in anticipation of an end to rate hikes. The Federal Reserve shared a sentiment that there likely won't be any further rate hikes, but they will remain elevated depending on how inflation figures come out. From a technicals perspective, I am beginning to see some major shifts happening....
Price in Daily timeframe seems like to complete 5 wave bullish move and also we can see bearish standard divergence between price and MACD which is a very good signal for pinpointing the top. But the important thing to remember before taking position is to see market structure shifting to the downside with forming a lower high or creating a new low which at the...
As you can see in the chart massive bearish divergence between price and MACD indicator in weekly time frame which can cause a long term selling opportunity. Also price is testing bullish trend line acting as resistance since its connecting the tops and every time price test this trendline sellers jumped into market and drive price lower. Also as you can see we...
➡️ Gold saw an increase in value yesterday, but the daily chart (D1) formed a bar with a very narrow range and an upper shadow, indicating the presence of selling pressure at higher levels. The D1 bar, characterized by a limited price range, was part of the preceding inside bar pattern, representing a "double" price combination with the inside bar + narrow range...
Silver is currently at a critical juncture, and a breakout above this resistance could lead to a rapid shift in the overall market sentiment. It's essential to note that we are analyzing a daily chart featuring a bearish channel. In the event of a bullish breakout, the price target would be the width of this daily channel. Given the high correlation between...
➡️ EURUSD recently approached the support zone near 1.0890 and experienced a rebound. However, there are currently no clear buy signals. ➡️ On the shorter timeframes, the upward trend hasn't materialized yet, making it challenging for us to initiate buy positions. Therefore, it's prudent to adopt a cautious approach and observe further price action. The...
➡️ In the last trading session, buyers made an effort to retest the peak slightly above 2000. Unfortunately, they couldn't surpass this resistance level, leading to a sharp price retreat. Despite these developments, there are no discernible new signals to capitalize on at the moment. Our strategy remains cautious as we refrain from taking impulsive actions and...
➡️ GBPUSD is on an upward trend, achieving higher highs in the previous session by surpassing the 1.2500 resistance level. This affirms the ongoing bullish momentum. The current scenario is promising, so stick to your buying strategy, with the target for positions remaining around 1.2580.
GOLD / XAUUSD is bullish. I expect more bullish setups M5. SL last Low from Friday and TP above High H4. Next possible move down.
➡️Gold prices surged to a three-week high of approximately 2,000 USD per ounce due to a boost from short-selling activities among gold futures traders and discouraging reports on home sales in the US. This upward trend persisted even after the US Federal Reserve (Fed) hinted at maintaining higher interest rates in the immediate future. ➡️In the minutes from the...
The trend is up on daily and weekly. Price has pulled back to daily support area. Looking for an entry when the structure shifts and will hold the position to the next Daily resistance area as marked on the chart. Good luck.
Brent Crude Oil Forecast 🛢️ TVC:UKOIL Recent sessions saw a surge in Brent crude futures, hitting the top of a descending channel and undergoing huge correction currently. This paves the way for potential fall from 82.00 to 80 then 79. The bearish trend remains strong as price got rejected from the 100-day moving average (4H timeframe). A break above 83 could...
As seen in the chart, we have a symmetrical triangle chart pattern formation on the 4-hour timeframe, suggesting that the price may move higher to test a bearish trendline associated with the chart pattern. Simultaneously, in the lower timeframe, the price is forming a bearish corrective move after a prior bullish impulse on this pair. The price has been...
EURGBP Triggered sell stops after new impact run the lows for momentum to be stabilized upwards. This is how important to keep note of news regardless to your stoploss
Hello, dear traders. I hope you're all having a great week. Last week, we were looking to buy the DXY in two areas, which turned out to be very successful, and you can review those details in the attached chart. However, on Friday, the price managed to break below our important daily low, shifting the market structure to the downside. Now, in the 4-hour...
➡️ GBPUSD broke the previous peak and created a higher peak, so the current structure of this currency pair is bullish so you can consider waiting for the price to recover and then buy. ➡️ Note that the momentum to break the previous peak area is not too strong, however, the price is already operating above the large time frame resistance area so we can buy up.
➡️The Eurozone's industrial sector faces challenges due to sluggish demand in key global markets. Recent data indicates a decline in eurozone industrial output, exceeding market expectations. The trade surplus, adjusted for seasonal factors, has narrowed from August levels due to a drop in export output. These developments suggest that the Eurozone's economic...
EURUSD has slowed down in the past session, the price has now created a railroad model on the daily, an unfavorable signal for buyers. However, this signal is still quite weak and has not changed the situation. Those with long positions can continue to hold, the target is still around 1.1000. ➡️CALENDAR FOR TODAY : - ECB Financial Stability Review -...