As I predicted, USDCHF dropped last week. Analysing an intraday price action, we may spot one more strong bearish confirmation. After a consolidation within a horizontal range on a 4H, the price violated its support and closed below that. Sellers demonstrate the strength again, so we may anticipate a movement lower at least to 0.878 ❤️Please, support my...
The U.S. Dollar Index has been declining since the October 3rd High and is now under the MA200 (1d). The RSI (1d) is nearly oversold and is double bottoming on the 30.00 level, while the price is approaching the 0.618 Fibonacci level of the July 14th bottom. That will be a -4.50% decline, comparable to all three major decline of 2023: -4.55%, -4.85% and...
EURUSD has been rising continuously since the October 3rd Low, a bottom on an Ascending Triangle pattern after which we gave a buy signal. The price action is now completing a topping pattern identical to July 18th and April 26th as it trades above the Falling Resistance with the 1day MACD near a Bearish Cross and its histogram sideways. Sell and target 1.07850,...
– Previous Daily candle closed strong Bullish around 2014.300 as price break above the previous Monthly High. – Buys on close above 2017.400 targeting 4h previous Support formed on 11th May 2023 around 2022.600, Leaving Runners to the 4h previous Support formed on 10th May 2023 around 2027.800. – Sells on close below 2008.600 targeting 4h previous Resistance...
There has been an opportunity that has emerged due to the recent fluctuations in currency values and the growing demand for copper exports to China. As you may be aware, the USD has been experiencing a period of weakness, while the AUD has shown signs of strength. This presents an advantageous situation, as we can leverage the stronger Australian dollar against...
Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In today's analysis, let's discuss the recent surge in gold. Have we seen this before or is it dejavu? In light of the recent fears...
Hello Traders ! On The Daily Time Frame, The NZDUSD Price Reached a Strong Support Level (0.58138 - 0.57406) The Price Formed an Inverted Head and Shoulders Pattern. Currently, The Neckline is Broken. So, I Expect a Bullish Move📈. i'm waiting for retest... ----------- TARGET: 0.61030🎯
After Covid-19 USD pumped like crazy now it is time to chill down and do some pullbacks. As you can see beautiful Double Top formed and neck is around 128. Here is my idea of how it will go and where I am gonna take profits.
#XAUUSD price movement today, price is possible to breakout 2023-2032 which is two area for sell confirmation, but based on past trend gold seems to continue bullish if those limit breakout, but firstly the price will possible again fall below 2010-2008 before buying above.
The USDINR pair has been practically ranged around the 1D MA50 (blue trend-line) since September but on a long-term perspective, close to the top (Higher Highs trend-line) of the Rising Wedge. This calls for a technical medium-term pull-back, especially with the Bearish Divergence on the 1D RSI, which is trading within a Channel Down. Our target is the 1D MA200...
US Dollar Faces Supports: Potential Double Bottom Signals Market Dynamics Major currency pairs continue their range-bound movement on Monday as investors refrain from making significant directional bets. The market sentiment is cautious due to escalating concerns, with investors eyeing key inflation data releases from both the United States (US) and the Eurozone...
Hello Traders ! Today, The GBPUSD Price Reached A Resistance Level (1.24980 - 1.25484) Currently We Have 2 Scenarios: Bullish Scenario📈 If The Price Breaks and Closes Above The Resistance Level ! We Will See a Bullish Move📈 TARGET: 1.27000🎯 Bearish Scenario📉 If The Market Breaks Higher Low and Closes Below That I Will Sell On Retest... TARGET: 1.22260🎯
GBPUSD is trading in a minor bullish trend within a rising parallel channel on a daily. The price set a new higher high on Friday, violating a solid horizontal resistance. It is an important sign of strength of the buyers. We may anticipate a further growth next week. Next resistance - 1.272 ❤️Please, support my work with like, thank you!❤️
– Previous Weekly candle closed Bullish around 2002.600 just below recent Weekly Resistance formed on 30th October 2023, Friday Daily candle closed Bullish breaking above last week’s Wednesday Daily Resistance. – Buys on close above 2005.600 targeting previous Daily Support formed on 15th May 2023 around 2010.900, Leaving Runners to the Weekly Resistance formed on...
Detailed XAU USD forecast as well as a Gold Spot US Dollar technical analysis through moving averages, buy/sell signals, and common chart indicators
Technical analysis From the point of view of technical analysis, we believe that the EUR/USD pair has completed the corrective wave Ⓑ after reaching the price range of 1.0945-1.097, which has also been a strong resistance zone over the last few days. After which, we expect that EUR/USD will continue to correct within the impulsive wave © until it reaches a...
Here is my latest structure analysis & key levels for EURUSD. Resistance 1: 1.0940 - 1.0965 area Resistance 2: 1.1015 - 1.0946 area Support 1: 1.0736 - 1.0775 area Support 2: 1.0658 - 1.0684 area Support 3: 1.0495 - 1.0536 area Support 4: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with...
FX:EURUSD has been navigating sideways since January amid economic challenges, rising interest rates, and Western economic uncertainties. Approaching yearly resistance at 1.10806, a rebound towards 1.05335 support is expected. By the end of the first financial quarter, a breakthrough of yearly resistance is anticipated, solidifying new support. This...