EUR/USD responded to new demand and rose to 1.0750 in the European trading session on Thursday. From a technical perspective, a positive signal is emerging as EUR/USD may be forming aa cup and handle. In this scenario, the expectation is for the price to continue rising to the first resistance level at 1.0727, followed by the psychological milestone of 1.0885.
USD/JPY is currently at multi-decade highs, closing at 155.00. Traders are exercising caution due to increased risks stemming from Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the upward momentum of USD/JPY. From a technical standpoint, the pair is trading above the Simple Moving Averages (SMA), indicating a stable uptrend....
In the European trading session on Wednesday, the EUR/USD pair continued to close steadily around the 1.0700 level. Positive sentiment from Germany's IFO psychological data helped stabilize the Euro. On the 4-hour chart, despite recent price declines, the Simple Moving Average SMA 20 remains above the SMA 50 after completing a bullish crossover on Tuesday....
In the US trading session on Friday, the price of gold (XAU/USD) faced pressure as it sought to reclaim near-record highs around 2,430 USD. Despite a slight decrease, the price of gold remained within its upward trend, supported by safe-haven inflows amid escalating tensions in the Middle East. Looking at the chart, we can see that the price of gold is...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago started to rise inside the upward channel, where firstly it declined to the 1.0780 resistance level, which coincided with the seller zone. Soon, the price broke this level and declined to support line of the channel, after which EUR at...
From a technical point of view, the upward trend of XAU/USD continues after surpassing the new peak of 2223 last week. This week, the price has exceeded the previous peak and established a new high at 2236. Based on analysis on the H4 and Daily timeframes, the EMA 39 is crossing above and gradually distancing itself from the EMA 89, indicating strong signs of an...
On the 30-min chart Gold is projected to reach 2082 soon, then a slight correction, then a journey upwards. RSI and MACG are supporting this view.
Bullish Divergence on the weekly time frame (annual time frame) indicating a run for the next 4 months. Oversold stochastic Market exhaustion on the RSI, also showing bullish divergence.
The weekly chart analysis suggests a potential upward movement. The 14-day stochastic oscillator has reversed from the oversold zone, indicating a momentum shift. Price found support at 220 level. A fresh divergence on the chart adds to the indication of an upcoming upward trend. Buy at Market, Target at 235, Stop Loss at 218
🐂 Trade Idea: Long - BWA 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout 🔍 Entry: +/- 48.28 🐿 DCA: No 😫 Stop-Loss: 45.29 (46.67 for aggressive trade) 🎯 Take-Profit #1: 51.05 (50%) 🎯 Take Profit #2: - 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all...
Tesla is set to continue cruising upward despite strong sell indicators arising and constantly failing. Tesla is defying the odds in this hot market and with news of the $7500 tax credit for owning a Tesla automobile, the stock will only further rise. Fundamentals can impact trading to a point where the technicals are useless. The debt ceiling deal bull run is...
Price trends upwards to test the resistance zone at 33690. About 190 points can be made with this move.
Now the market has retest the support zone showing reject on suppurt and confirming the weak of bearish, as i am patient waiting for structure to been form pushing up and breaking resistance zone waiting for a retest on resistance zone so that i have a clear confirm is a buy. as well my trend line shows the upward trend.
Hi investors! afterwatching today's technicals, I concluded that, chart can show big breakout towards upside or downward !! A/C to me considering some fundamentals of todays market/world conditions & upcoming world recession, XAUUSD can FLY !!!! LOOKING FOR BETTER POSITIONING.
As you see in the chart, there is a purple bearish trend line and there are 3 red horizontal lines. The Purple trendline is based on two pivots on days of 30th of March and 10th of November. And the red horizontal lines indicate top and bottom of Trading range that has been made in the past few weeks and the dotted one is showing top of the smaller trading range...
We obviously fell a lot with BCH, but still price did not broke any multi year supports, set back in 2018. With such fall those yearly price gabs were closed and i am very positive that the bottom is in for BCH and other crypto. There is gonna be plenty of resistances back to the top. Those resistances are trading ranges or price areas where larger trading...
The trend is still breaking all the resistance levels, with this momentum, I think the price will break the next resistance at 1.0200.
-breaking bearish channel -break the main resistance -Confirm the upward trend -momentum -technical indicators -fundamental analysis