The EUR/USD is currently exhibiting a roller-coaster-like trend, making it challenging to predict its next move due to the extreme volatility in the market. Many traders have decided to postpone their trading sessions to next week. From my perspective, it appears that the trend is likely to continue in a downward direction, making selling a suitable strategy in...
EUR/USD has extended its losing streak for the third consecutive day, trading lower around 1.0640 during the Asian session on Thursday. As expected, the US Federal Reserve (Fed) decided to keep the existing benchmark policy rates unchanged at 5.5% during the meeting held on Wednesday. Given these circumstances, I anticipate a continued downtrend and expect a...
On September 1st, USD/JPY embarked on a bullish trajectory, capturing the attention of traders who were keenly anticipating a potential shift towards a bearish sentiment. However, my observations from yesterday indicate that the bullish trend has exhibited remarkable strength in this currency pair, with buying activity being particularly well-suited to the...
The EUR/USD pair has extended its gains for the second consecutive day. Today, I anticipate a consistent Fibonacci retracement, particularly considering the RSI's oversold level. This convergence aligns well with capturing the precise trend on the 15-minute timeframe chart. Furthermore, the RSI indicator reveals the emergence of a divergence pattern, which...
"The gold market appears to be exhibiting sideways movement or diminished momentum since the start of today. I have now identified that the prevailing trend is trading within a marked range. Therefore, my anticipated next movement is a downward one, expected to occur when the market price reaches the upper boundary of the range. In any case, we must exercise...
In the EUR/USD pair, a comprehensive understanding of the present market conditions renders an explicit explanation redundant. A cursory glance at the chart readily indicates a pronounced inclination towards a bearish trajectory. However, it is paramount that we exercise vigilance due to the current market's capricious nature, which is prone to unpredictable...
Currently, there is a widespread anticipation for a bullish trend in the EUR/USD exchange rate. However, contrary to these expectations, the market has been consistently demonstrating a downward expansion, seemingly without defined limits. In this scenario, exercising patience emerges as a critical strategy during these trading times. The primary consideration...
The EUR/USD pair exhibited a notably more bearish performance than initially anticipated. Despite widespread expectations among traders of an impending pullback, such a correction failed to materialize. Instead, the pair sustained its downward rally. However, I hold a positive outlook for today, as I believe there is potential for the currency to regain its...
Anticipating a potential downward movement in gold from the designated demand zone indicated on the chart. A breakout from the current price zone is awaited to confirm this projection. Recent trading sessions have exhibited volatile and erratic price action resembling a rollercoaster ride. As an engaged scalper, my current stance is biased towards selling, with an...
EUR/GBP is currently undergoing a pullback following yesterday's movement. The market appears to be exhibiting high volatility, and there is a noticeable price range. As a result, I have opted to initiate a sell position at the current price. I will be observing the developments to see how the situation unfolds. Navigating the markets with a clear mind and a...
After a prolonged upward trend, there's a chance that the DXY index could undergo a decline from its present price. As a scalper, I'm currently anticipating a potential bearish phase for a certain duration. Nevertheless, I would like to emphasize that this is not a trading recommendation. It's important to wait for definite confirmation of the market direction...
"The CAD/CHF pair appears poised for a potential downtrend from a significant level of 0.65000, a level that has been tested multiple times in the past. Furthermore, I anticipate a decline towards 0.64800. This recommendation is intended for scalping, with the anticipated outcome expected to have an immediate impact on the trend. It is advisable to maintain a...
It's quite complex to describe today's trend in the Gold market. However, I have a strong belief that the current trend could experience a rejection around 1889.00. This suggests that the trend might retrace and potentially reach a minimum level of 1895.00,18899 upwards. Regardless, engaging in a buy position with a well-tolerated stop loss seems to be the...
The EUR/NZD appears to be indicating a potential downtrend from 1.83743, with a price target range of 1.8228. Please note that this analysis is based on a short-term outlook, and the intention is to execute swift trades to capitalize on potential gains. It's essential to emphasize the importance of setting a stop-loss in accordance with the risk-reward ratio and...
Today, the gold trend appears sluggish in terms of momentum, making it challenging to determine whether the trend will persist or exhaust. Given this scenario, I am inclined to believe that gold is presenting a bearish bias. Consequently, I have taken a selling position, with the expectation of a price retracement from the current high of 1898.800 to around...
NZD/USD is currently experiencing high volatility, leading me to consider a selling opportunity. Given the need for a potential pullback from its strong momentum, there's a significant likelihood of a decline from the 0.59550 level zone to the 0.59250 level zone. In the event of a fall, a swift achievement of the target is possible, making it suitable for...
With EUR/USD exhibiting heightened volatility, a selling stance appears promising. The prevailing robust momentum suggests a probable retracement from the 1.08850 level zone to around 0.08660 This setup could offer a swift target attainment, making it conducive for scalping strategies. "Navigating the markets with a clear mind and a sharp focus. Join me on the...
It appears that GBP/CHF is entering a potentially bullish phase, with expectations of an upward movement from 1.11750 to 1.12050for intraday trading. The current momentum suggests a strong upward trend. While there might be some corrections during its rally, there's a definite chance for it to reach its target point. "Navigating the markets with a clear mind and...