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...
The price is currently at a key support level and could bounce from this point to reach our take profit target Entry: 1.35559 Why we like it: There is an overlap support Stop loss: 1.35158 Why we like it: There is a pullback support Take profit: 1.36139 Why we like it: There is a swing high resistance Please be advised that the information presented on...
This probably still needs time but we're approaching an inflection point, it may take another month or two to wind up, so I'll have to watch. Bitcoin has been popping up in it's low liquidity enviroment, and the MM is likely net short due to the influx of buyers. Since the market needs sellers, it's possible MM will push price down to get some liquidity. On the 1...
GOLD SHORT TO $1,967📉 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 trades🤞🏼
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...