Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for an immediate sell entry at 1854.435 to ride the bearish momentum. Stop loss will be at 1870.800, slightly above where the intermediary resistance is. Take profit will be at 1824.515, where the overlap...
Looking at the H4 chart, my overall bias for NVDA is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 187.67, where the overlap support and 50% Fibonacci line is. Stop loss will be at 138.85, where the previous swing low is. Take profit will be at 289.34, where the previous swing...
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 0.70159, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 0.71577, where the previous high is. Take profit will be at 0.68660, where the overlap...
Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for an immediate sell entry at 1854.435 to ride the bearish momentum. Stop loss will be at 1870.800, slightly above where the intermediary resistance is. Take profit will be at 1824.515, where the overlap...
Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 22662.00, where the overlap resistance is. Stop loss will be at 23439.00, where the recent high is. Take profit will be at 21310.00, where the overlap support is.
Any opinions,...
NZDUSD - 24h expiry - We look to Buy at 0.6300 (stop at 0.6225)
Previous support located at 0.6300.
Previous resistance located at 0.6400.
Price action has continued to trend strongly lower and has stalled at the previous support near 0.6300.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move...
The EURUSD pair turned neutral technically both on the 4H timeframe (RSI = 51.027, MACD = -0.001, ADX = 32.294) and 1D (RSI = 48.083, MACD = 0.000, ADX = 32.045) and that creates the conditions for sideways trading.
Though the short term pattern may be a Channel Down, we will use the range provided by the Double Top and Double Bottom 1.07900 - 1.0670 to scalp for...
Traders Watch Out!
The DXY is likely to see significant volatility with the US CPI for January due today (9:30pm GMT+8), with the current forecast expecting data to be released at 6.2% (Previous: 6.5%).
A slowdown of inflation growth could reinforce the Fed's view of disinflation and could lead to the DXY trading significantly lower. This is because...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.69 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
The EURUSD pair formed a Death Cross on the 4H chart, the first such formation since August 22 2022. Coupled with a higher than expected CPI today and the fact that the price closed below the 1D MA50 (blue trend-line) for the first time since November 03 2022, makes this potentially bearish for the next 10-15 days.
The confirmation to sell however will be below...
Dollar Index is consolidating.
The market is currently coiling within a horizontal trading range.
103.73 - 103.97 is its resistance.
I believe that the next bullish move may initiate after its breakout.
Wait for a candle close above that first, then buy aggressively or on a retest.
Next resistance will be 105.1
Remember, that a bearish breakout of the...
wow .. pretty accurate!! .. the usual whipsaw so gold move to the downside to then fly back up to my top target. I did'nt trade .. but was very accurate as always.
EUR/USD may slip back to 1.0650/1.0700 should core inflation come in at 0.4% or 0.5% MoM – ING
So far, EUR/USD has advanced for the second session in a row, extending Monday's rebound past the 1.0700 level.
The daily increase in the pair coincides with the continuation of selling pressure in the dollar ahead of the release of US inflation figures due later...
NZD/USD is now seen navigating a consolidative range between 0.6270 and 0.6450 in the next few weeks, suggest Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.
Bearish Flag Pattern detect on the chart , price may have a Bearish Pushdown.
