EliteTradersFX

EliteTradersFX

Given the robust NFP figures from last week, alongside the deteriorating job market in New Zealand and evident bearish technical analysis, it appears advantageous to consider a short position on NZD/USD. The price remains below the 200-day moving average, indicating a downtrend, and has recently tested resistance at 0.60500. I am targeting a decline to 0.58800 as...

02:51

EliteTradersFX

Considering the recent decline in the NZD, I am considering purchasing GBP/NZD on the rise. Following the breakout and retest of an inverse head & shoulders pattern, I plan to wait for a 50% retracement in the bullish trend before furthering my purchases in the upward direction.

02:21

EliteTradersFX

Hey guys! I'm looking to add to my current long NAS100 around 17800-17700 zone on this pullback. Should price break past this level then I'll be looking at 17500-17400 level to go long. I maintain my long bias on NAS100 with no TP set in and I will trail my stop loss as I see fit. Would love to hear your thoughts!

04:23

EliteTradersFX

From a fundamental and technical perspective, my current stance on gold in 2024 is predominantly optimistic. I anticipate the possibility of gold surpassing the $2,100 threshold within the fiscal year; however, it might necessitate a slight retracement beforehand. My strategic approach involves monitoring for a breach of the $2,020 mark, with an expectation of a...

02:31

EliteTradersFX

I frequently discuss EUR/USD in my streams because, in my opinion, it currently presents the most promising trading opportunity. I am currently in a short position and intend to maintain it until the price reaches the 1.05300 level.

03:46

EliteTradersFX

In this comprehensive video analysis, we delve into the technical indicators and historical patterns of the EURUSD currency pair, aiming to provide valuable insights for traders and investors. Our analysis strongly suggests the continuation of bearish momentum for EURUSD. Starting with the weekly and daily time frames, we identify prominent head and shoulder...

04:38

EliteTradersFX

I'm closely monitoring the oil market, adopting a cautious stance as I await a compelling catalyst to drive oil prices upward. A potential factor on my radar is the increasing involvement of the UK and the US in the tensions between Israel and Palestine. If this geopolitical situation intensifies and draws in Iran to support Palestine, it could contribute to a...

03:52

EliteTradersFX

Firstly, fundamental economic indicators suggest that the US economy has been exhibiting signs of strength, which tends to favor the USD. Positive economic data releases, coupled with the ongoing efforts to boost economic recovery, contribute to a bullish sentiment surrounding the US dollar. As the USD is the base currency in the USD/CAD pair, any positive...

04:46

EliteTradersFX

In the EURUSD arena, the focus is on a meticulous analysis of yesterday's market trends, setting the stage for a potential short position at a 50% pullback. As we observe the unfolding short-term downtrend, there's anticipation that EURUSD might sustain its decline, presenting a compelling opportunity for traders seeking to capitalize on market...

02:38

EliteTradersFX

In the current market scenario, there's a keen interest in the EUR/USD pair as it exhibits a potential bearish move. The price trajectory is notably approaching the crucial 1.07 level, following the formation of a distinctive right shoulder pattern. Traders and analysts are closely monitoring this pair, anticipating and analyzing any forthcoming downside...