EURUSD is bullish on its 1D technical outlook (RSI = 63.032, MACD = 0.002, ADX = 27.518) and on 4H it is attempting a closing above the R1 level. On the short term we have a Channel Up that will validate the new Bullish Leg if we close a 4H candle over the R1 level. If that happens, we will buy the first pullback to the 4H MA50 and aim for a +1.43% from the latest...
hello guys... as you can see OANDA:EURUSD broke the descending channel and now it is on top of the breaking area! FX:EURUSD is forming a descending widening wedge and I put a example of this pattern here! I believe if you wanna get a long position on eurusd, be ready to break the top line of this pattern! ___________________________ ✓✓✓ always do your...
The XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2343, positioned close to the Top of Channel level. This offers an entry point...
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.26400 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and resistance area. Fundamentally the risks of Inflation are fading in the US. Trade safe, Joe.
Update on USDCAD.. As earlier posted, we're expecting USDCAD to push about 100 pips up due to strong dollar index. Price has respected the daily trend line and moving as predicted
Hey Trader, Check out this analysis on XAUUSD. A long entry plan is best above the intraday resistance area. Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe.
Hey Trader, Check out this analysis on USDCHF. A long entry plan is best above the intraday support area (leading to the range continuation). Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe.
Hey Trader, Check out this analysis on GBPUSD. A long entry plan is best above the intraday resistance area. Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe.
Hey Trader, Check out this analysis on EURUSD. A long entry plan is best above the intraday resistance area. Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe.
LTC/USD has bounced off the support level which is an overlap support and could rise to our take profit. Entry: 81.80 Why we like it: There is an overlap support level. Stop loss: 79.42 Why we like it: There is a pullback support level which lines up with the 88.6% Fibonacci retracement. Take profit: 85.83 Why we like it: There is a pullback resistance level...
XAG/USD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 30.967 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 31.788 Why we like it: There is an overlap...
XAU/USD is falling towards a support level which is a pullback support that is slightly below the 127.2% Fibonacci extension and could bounce from tis level to our take profit. Entry: 2,307.18 Why we like it: There is a pullback support level which is slightly below the 127.2% Fibonacci extension. Stop loss: 2,286.32 Why we like it: There is a pullback support...
USD/CAD is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit. Entry: 1.3590 Why we like it: There is a pullback support. Stop loss: 1.3563 Why we like it: There is a pullback support level which lines up with the 100% Fibonacci projection. Take profit: 1.3658 Why we like it: There is an...
USD/CHF is falling towards the pivot which has been identified as a pullback support and could bounce to the overlap resistance. Pivot: 0.8988 1st Support: 0.8918 1st Resistance: 0.9094 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Price is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 1.2760 1st Support: 1.2688 1st Resistance: 1.2800 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure...
I said 2 things earlier but I changed my mind a bit - the first thing was that I wanted to wait on Monday to do a new post because of the geopolitical situation and the halving, what happened last night convinced me that the floor was here (of course I can be 100% wrong) - second thing is that from my last post, I said we could chill some months because nothing...
Technical Analysis of Gold The price remains stabilized in the bearish area, as indicated by the closing of the 4-hour candle below the support line. The price is expected to move between 2348 and 2327. As long as it trades below 2347, a drop to 2327 is anticipated. The bullish scenario will be activated if the price stabilizes above 2348, targeting 2364 and...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from support area, which coincided with support level, and rose to resistance area. Then EUR started to decline in falling channel and soon exited from resistance area, making fake breakout. In channel, price declined until to...