NFP preview: Trading S&P or GBPUSD? US Fed Chairman Jerome Powell has reiterated on multiple occasions that a tight labor market acts as a deterrent to lowering interest rates. Which is why this month's NFP data release should be interesting. This Friday's Non-Farm Payrolls (NFP) data is expected to show an addition of 200,000 new jobs. Since Feb 2023, data...
NZDUSD has turned bearish on its 1D technical outlook (RSI = 42.582, MACD = -0.004, ADX = 53.918) as up until two days ago it was on the 2nd Bearish Wave of the 2024 Channel Down. This wave appears to have ended as the price hit and rebounded on the S1 level, posting so far two very strong green 1D candles. The pair may make one more Lower Low as on February 5th...
Predicting the tops and bottoms of Bitcoin - in a macro sense - is not that easy. But some indicators can give us a clue or kind of sense of caution warning when to exit or enter the market. One of them is the "MVRV Z" indicator. It is a chart indicator that uses blockchain analysis to identify periods where BTC is extremely over or undervalued relative to its...
hello freinds this chart we shows that this market willknow a down trend on next weeks if you want more informations please show the chart good luck
Oil is up 22.30% (1,566 PIPS) from our supply zone, which was posted live for you all. Oil currently sitting at 6 month high📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Oil prices are up 22.30% (1,566 PIPS) from our green supply zone, which was posted live for you all. Oil currently sitting at 6 month high📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to trades in big flat, where it at once bounced from $1.0795 level and tried to rise. Euro failed and fell back to $1.0795 level, but soon it made upward impulse to resistance zone, breaking resistance level. Price repeated breakout of...
Price does not have a solid direction so we are monitoring to see how it reacts to news. Looking for monthly lows to be taken before a direction is given.
USDJPY is currently accumulating within a narrow horizontal range on a daily. It looks like the market participants are waiting for some important fundamental data to decide where to push the prices. I see 2 potential scenarios. Bullish 151.70 - 152.00 is a key horizontal resistance. Its bullish breakout - a daily candle close above, will be a strong bullish...
USD/CAD is moving inside of a channel. USD/CAD has a nerve-wracking move these days, a noisy and back-and-forth move, if you are a scalper, it is a paradise for you but if you are not it's an eye sore. FX:USDCAD Anyway, in the chart we can see a big Liquidity zone in 1.36200-1.36400 and still untouched. We believe the price will eventually magnet to this...
USD/JPY is consolidating under the resistance zone. it's alarming that the 152 zones will be broken soon. It has been 3 times when the price reached the 152 zone and every time we see the reaction becomes smaller and weaker. This is not a buy signal because maybe BOJ is attempting to manipulate the market. Our technical view has been shown in the chart. If you...
Layers 2265 - 2262 Sl @ 2257 1st tp @ 2270 2nd tp @ 2280 3rd tp @ 2290 4th tp @ 2300
Price breaks recent low and fails to break recent high indicating in weakness to upside with the price respecting the OB near the daily price open we enter the trade at 0% drawdown looking to exit at a POI
Price is rising towards the an overlap resistance which aligns with the 50% fibo retracement A reversal from this level could lead the price to drop further to the downside
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65300 support and resistance area. We would also like to consider the current bearish bias on stocks that AUDUSD is having a positive...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59800 support and resistance area. Trade safe, Joe.
Price is rising towards a pullback and could reverse from this level to our take profit Entry: 1.25940 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 1.26552 Why we like it: There is a pullback resistance level Take profit: 1.25270 Why we like it: There is a pullback support Please be advised...
Price is rising towards an overlap resistance and could reverse from this level to our take profit Entry: 1.08007 Why we like it: There is an overlap resistance which aligns with the 50% Fibonacci retracement Stop loss: 1.08638 Why we like it: There is a pullback resistance level Take profit: 1.06989 Why we like it: There is a pullback support Please be...