Following the interest rate decision, we observed a pronounced sell-off within the market. This resulted in a decline to the significant monthly support level at 1.0635. In the forthcoming period, our outlook is anchored on the potential for a price resurgence towards the 1.0686 vicinity. The critical juncture will be the price's behavior at this level; if it...
During the previous week, our market performance demonstrated a degree of advancement; however, it presently exhibits characteristics of range-bound behavior. It is worth noting that last week, there was an upward movement, with an attempt to challenge the significant monthly resistance level of 64.58. Remarkably, this resistance level held firm through the close...
Hey Traders, in today’s trading session we are monitoring AUDUSD for a selling opportunity around 0.65500 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.65500 support and resistance area. Trade safe, Joe.
The GBP/USD pair finds itself under increasing pressure as positive US economic data boosts the dollar, causing it to dip below its 200-day Moving Average. With the odds of a November rate hike by the Fed standing at 32.45% and diminishing expectations of a BoE rate hike towards 6%, the GBP/USD's outlook is becoming more bearish. The Pound Sterling (GBP) has...
EUR/USD Price Analysis: Recovery Below 1.0700 as Markets Await Fed Meeting The EUR/USD pair is showing signs of recovery, trading near the 1.0670 level during the early European trading hours on Monday. However, the upside for this major currency pair appears to be limited as investors shift their focus to the upcoming Federal Reserve (Fed) interest rate...
RISK : 2 % USDJPY: A Wide - Waiting for FOMC This Time The price is close to old levels and the likelihood of a possible intervention by the BOJ will increase It was the only price zone where the BOJ intervened last year.
The EURUSD pair has been trading within a Channel Down pattern since the July 27 High. So far it has only made two Lower Highs touching its top and we may be starting the sequence that might complete the 3rd. On the short-term we expect the 4H MA50 (blue trend-line) to be tested and the target on our current buy is 1.0700. That is still below the Inner Lower...
Hey Traders, in today’s trading session we are monitoring USDCHF for a buying opportunity around 0.89300 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89300 support and resistance area. Trade safe, Joe.
2023.9.18 UScrud bulls are reveling Hello, I'm Older Duan. Today is Monday, September 18th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the US dollar index maintained a sideways trend...
HI Traders, USD/JPY's bullish rally seems to be running out of steams and bullish momentum is beginning to the weakened down showing some downside preparation. 📌 Currently, the price is forming up a bullish wedge pattern in the 8H chart of usd/JPY. 📌 The price is showing a very prolonged Divergence taking note of the RSI indicator revealing LL and LH when the...
On Friday we saw the expected correction and pullback. This week is coming the most important news for the market at the moment. US Interest rate is coming on Wednesday. After the news we expect good opportunities and longer-term trades. We're looking at the exhaustion of the downside move, as the first support is 1.0609. Current levels are not suitable for...
seems like getting ready to test previous ath 2075 trend is already up and now formed falling wedge in daily timeframe incase of breakout expecting move towards 2075$ in coming weeks keep in mind breakout has not confirmed yet wait for confirmed breakout
Old price very depends on politics but at this bullish trend i have to say its time to sell oli gold usd
– Previous Weekly candle closed weak Bullish around 1923.800 forming weak Weekly Support around 1919.200, Friday Daily candle closed strong Bullish around 1923.900 above recent Daily Resistance formed on 12th September 2023. – Buys on close above 1928.800 targeting 4h Resistance formed around 1934.000, Leaving Runners to the next 4h strong Resistance formed around...
Details on chart - looking to see continued dollar strength on gold back down to 1902
This is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED WEEKLY with comments and trade ideas. | This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions | In the following analysis, I do NOT highlight any specific scenario but neutrally look at the higher timeframes in the...
This is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED WEEKLY with comments and trade ideas. | This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions | In the following analysis, I do NOT highlight any specific scenario but neutrally look at the higher timeframes in the...
XU we have another clear example of a bullish swing range but overall, we know gold loves to take liquidity, so we could see the reversal from our unmitigated POI at our SWH but of course if we hit our swing low POI first then we go bullish it means most likely we are going higher. Remember to always read order flow and follow what price is showing you instead of...