I see that there is a pattern forming that indicates the beginning of the expected correction of the Turkish lira against the US dollar. Please note that this chart is on a monthly frame. It will take a medium period to be implemented. From my point of view, according to this analysis and data, there will be a small rise near the area of 32 to 34 Turkish liras per...
GOLD SHORT TO $1,967๐ Made slight wave adjustments (WAVE W-X-Y) & relabelled them as Gold pushed higher. Overall this selling analysis remains intact as our selling confirmation zone has not hit yet. I have moved the 'selling confirmation' price higher to $2,156. Being patient & not rushing into trades๐ค๐ผ
In our last analysis, we had anticipated a bullish move in DXY. Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a minor correction /range in DXY. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and...
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed further highs where we continue to trade within a fractal high and internal low. New high has meant location of ChoCH has been brought closer to current price. As mentioned on 22/03/2024, Intraday...
The EURUSD pair quickly hit our 1.07250 Target, which we set on our most recent sell signal (March 27, see chart below): Moving out to the 1D time-frame we can see that this is the Bearish Leg of the long-term Channel Down pattern that started at the beginning of the year and we are only halfway through it. Also the pair just completed the first Death Cross...
Price is currently on a support level and could reverse from this level to our take profit Entry: 0.64818 Why we like it: There is a pullback support Stop loss: 0.64493 Why we like it: There is a pullback support Take profit: 0.65090 Why we like it: There is a pullback resistance that aligns with the 50% Fibonacci retracement Please be advised that the...
Price is rising towards a pullback resistance level and could reverse from this level to our take profit Entry: 1.35842 Why we like it: There is a pullback resistance Stop loss: 1.36139 Why we like it: There is a swing high resistance Take profit: 1.35558 Why we like it: There is an overlap support that aligns with the 50% Fibonacci retracement Please be...
Price is currently on the swing high resistance level and could reverse from this level to our take profit Entry: 151.809 Why we like it: There is a swing high resistance Stop loss: 152.303 Why we like it: There is an alignment of the 78.6% Fibonacci projection Take profit: 151.032 Why we like it: There is a pullback support Please be advised that the...
Price is falling towards an overlap support level and could potentially bounce from this level to our take profit Entry: 1.25057 Why we like it: There is an overlap support level, that aligns with the 61.8% Fibonacci projection Stop loss: 1.24503 Why we like it: There is a pullback support level Take profit: 1.25825 Why we like it: There is a pullback...
NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Further downside is expected. Short term RSI has turned negative. A move through 0.5925 will confirm the bearish momentum. The measured move target is 0.5890. We look to Sell at 0.5960 (stop at 0.5984) Our profit targets will be 0.5900 and 0.5890 Resistance:...
AUDUSD is marginally bearish on its 1D technical outlook (RSI = 40.176, MACD = -0.001, ADX = 34.265) as it entered a Channel Down similar to those of August - October 2023 and April - May 2023. That is why we are expecting a bullish reveral the closer we get to the 1.236 Fibonacci extension. As long as the 1D RSI doesn't break into the oversold zone (<30.000), we...
I think EURUSD can be BEARISH down the red zone we can enter to a SELL after the CONFIRMATION. according to drawn TREND.
DOGE could retest support at 0,048$ one more time before going up. But overall bullish to test the trendline again and make the last wave 5. After that we will see along bear market.
This is my Intraday analysis on EURUSD for 1 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish / Pullback Phase 2. Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing...
Hello traders, I want share with you my opinion about Gold. A not long time ago price started to decline in a downward channel, where it first reached the resistance line and then rebounded down to the buyer zone, which coincided with the 2160 support level. After this, the price bounced up from this area to the resistance line of the channel, but in a short time,...
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments๐ Recently price entered a falling channel, where it soon declined to $1.2800 resistance level and broke it. After this, GBP tried to back up, but when it entered to resistance area, price at once bounced and continued to decline in channel. Soon, price reached...
Gold is currently moving in a descending triangle. Key support: 2144 - 2149 Key resistance: 2158 - 2163 Gold is waiting for interest rates to come in and provide a 200-400 pip fluctuation! ๐ฐ Fundamental analysis: Numbers above the expected limit of inflation in the United States last week confirmed that price pressures persist and the final stage of...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34900 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34900 support and resistance area. Trade safe, Joe.