Gold is expected to undergo a retracement from the 2040 range, indicating a potential rebound in its value.
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Following a sharp rise last week, fueled by Fed Chair Powell's dovish comments post-FOMC and the impact of the dot plot on the US Dollar, the EURUSD experienced notable gains, peaking near key November highs between 1.1008 and 1.1016, with a high of 1.10087. However, the market sentiment is shifting, and a bearish trend is anticipated for today. This expected...
1. EUR/USD Exhausting Bullish Trend: This part suggests that the upward movement (bullish trend) of the Euro against the US Dollar in the Forex market is losing momentum. 2. Likely to Move Downwards: It indicates a prediction or expectation that the EUR/USD currency pair will start to decrease in value, meaning the Euro will weaken compared to the Dollar. ...
Today, AUDUSD has continued its upward trajectory, showcasing a strong bullish trend. The primary factor contributing to this rise appears to be the weakening of the USD Index, which has failed to maintain its demand. This decrease in the strength of the USD has played a significant role in propelling the AUDUSD pair higher, as investors shift their focus towards...
I anticipate that the upcoming EUR/USD data will lead to a rise in the pair's price, signaling a bullish trend. Despite the losses experienced from the beginning of the week, there is a general expectation that the market will recover most of these losses by Friday evening, especially in light of the positive news expected to be released.
The EUR/USD pair appears to be pulling back to its previous high. This is likely because the EUR/USD experienced a significant bullish trend yesterday following the release of inflation data. Today, it has slightly declined from that high, but it still looks more likely that the pair will continue its uptrend from the current lower high.
The EUR/USD pair, when examined on the 15-minute chart, suggests a bearish outlook. The currency pair has lost its bullish momentum from the previous day and has begun a downward trajectory. Presently, the price has breached the support level I have delineated on the chart, reinforcing expectations for a continued downtrend.
The EUR/USD trend appears to be in a ranging market between its current support and resistance levels, as marked on the chart. Additionally, I have outlined a triangle shape formed by connecting the high and low points, indicating the potential for a significant move either upward or downward. I anticipate this movement to occur after the release of the US...
My previous prediction regarding the upward movement of EUR/USD has proven to be accurate, and today I anticipate the bullish trend to persist, indicating a favorable market condition. According to my specialized strategy system, Smart Price Action, the current optimal decision is to initiate a Buy position with a carefully determined stop-loss (SL) in place.
The 15-minute chart for gold suggests a bearish outlook, and I'm skeptical about gold's ability to recover its losses from last week. The current momentum doesn't seem strong enough for a sustained rally, and there's a likelihood of prices continuing to decline.
Today, I anticipate a potential recovery in EUR/USD, aiming to regain last week's losses as reflected in the attached chart. My speculative position is indicated on the chart above. I have set my stop-loss (SL) below the support line for risk management.
This represents an experimental application of my new indicator along with a corresponding strategy. It's essential to note that this doesn't imply an actual trade on my part. "Hey, I've got some awesome trading indicator tools in my collection. Let's check them out!" 🅲🅻🅴🅰🆁 🆃🆁🅰🅳🅸🅽🅶 🅼🅸🅽🅳
After a significant bearish trend, the EUR/USD appears poised for a bullish reversal. Today, I anticipate a favorable upward movement in the EUR/USD, driven by positive expectations for upcoming economic data. In the attached chart, I have indicated the probabilities of a price expansion through careful analysis. Let us observe how the market unfolds and reacts to...
Greetings to a fresh month and a new trading week! Last week, on the first day, the EURUSD experienced a significant bearish trend. However, on Friday, it managed to recover its losses. Now, I am leaning towards the belief that the EURUSD trend will continue to be bearish. I am planning to take a half position to sell and will wait to see if the price slightly...
Gold is expected to recover from its losses and clear out some of its weekly losses, at least to some extent, I guess.
My trading ideas have been plotted on the chart, and at present, my analysis indicates a bias towards the buy side. "Dear Traders, My trading recommendations are based solely on my personal analysis of market trends, using my own calculations and observations. Please note that I am not a licensed trading advisor and do not provide any paid services related to...
Gold prices have been on a decline, starting at $1947.50. Despite several attempts, it has failed to regain its bullish momentum at various crucial levels, as observed in last week's trends. Today, I don't expect a bullish turn in gold prices and anticipate the downward trend to continue, potentially reaching a level of $1,908.70. As a result, I'm placing a...