ForexLab

ForexLab

Technical Factor: Right now, Gold is in the best buying zone! yes you are right. its very much possibility to go up from the current market price 1714. Yesterday we saw that gold dropped almost 300 pips during the US open time and reversed more than 400 pips in the next hour, Now we will try to break GOLD chart into different zones! First zone is current...

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Technical Facts: Gold is consolidating over 1735 right now. Latest resistance area is going to be our target. we are waiting for the market open and can buy from very bottom and hold for a while. Fundamental facts: Uganda has announced the discovery of 31 million metric tonnes of gold deposits in the country. Therefore, a fundamental affects on gold happened...

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Technical Analysis: Right now, Current Market Price of EURUSD is 1.0528. We can see that in Daily Time Frame, EURUSD already made double bottom and now making some correction as well. The immediate resistance level is going to start from 1.0628 The Second resistance level is 1.0775 The immediate support level is 1.0467 Considering Fibo, we can see...

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Last week, we were Selling gold and made 180 pips almost. Gold closed above 1840. Technical Analysis: Gold repeats its cycles. We saw that 1828-1833 worked as a strong supporting level for gold for last few days and also for last few months. Gold got rejected from this level many times and 1856-1861 worked as a very strong resistance level for gold. Several...

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Crude Oil has already ended up with its bullish movement and made a breakout in both D1 and H4 time frame. now Its ready for the downtrend journey. The price already broke the support and also retested the support. We are expecting down trend now unless any fundamental news comes. Few weeks before EU put ban on Russian OIL and Few other fundamental news released...

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Fundamental Analysis Bank of England said inflation will hit 11% after raising interest rate to 13 year's high. They also expected that the inflation likely to exceed 11% by October, 2022. Three of the policy makers named Jonathan Haskel, Catherine Mann and Michael Sunders voted to raise the interest rates to 1.5% which could be the biggest rise since 1995. BoE...

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Since the first quarter of this year 2022, BTCUSD is in downtrend and the price of BTC is reduced by 2/3 already. The Strongest support near the current price is 20000 and 15000 and the strongest resistance is 28000. as per the daily timeframe, it is making a bearish trend and if it continues, soon we will see 15000 and 12000. The best thing to do is to wait....

ForexLab Updated 

Technical Facts: Considering Technical analysis, Crude Oil already touched the second highest price in this week. now it’s high time for retrace. The Immediate support level is 117.80 to 118.20. A Strong break can lead the oil price till 114.18 which is the strongest support of 114.18. Fundamental Facts: Russia is one of the largest producer of Crude Oil in...

ForexLab Updated 

GBPJPY is already in the highest price in the last few years. we can go for SELL as we can see its already in way to make Cypher pattern. We can expect around 300 pips fall down from the current price of 168.30. Signals: GBPJPY SELL STOP 167.85 SL 169.00 TP 164.07 Those who want to hold for long and likes swing trade, Put TP 161.00

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As GBP news is coming today and BoE is expected to increase the Interest rate, GBPNZD pair will move massively. Short term interest rates are the primary factor in currency valuation and GBPNZD pair moves around 200 pips always. we can expect a massive movement in this pair. as the Interest rate is expected to be increased, we can assume that GBPNZD will fall down...

ForexLab Updated 

Right now Gold seems to stay in Sideway. it is in a BlackZone where both buy and sell might be risky. Therefore, the best thing is to wait for the right place to enter to the market. Facts: If we look for the time frame H1, we can see the nearest and best area is 1859 - 1861 which is working as resistance level for GOLD. Since 23rd May 2022, historically gold...

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​​# NZDUSD: Trade Confirmation: NZDUSD is trading in a bearish trend from the beginning of the year. . Recently the pair broke and closed below a key level on a daily. And also double top in H1 time frame. On that the price formed a double top formation with equal highs. This night its neckline was broken and retested. I believe that the pair can go lower...

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Last week Gold failed multiple times to reconquer 1800 zone, and with each failed attempt I become more bearish. Last Friday (NFP News) was a very quiet day for Gold with the price moving in a very tight 50+ pip range making me wonder if this is the quiet before the storm. From a technical point of view, as I said, 1800+ is a very strong resistance and offer...

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XAUUSD Gold is now trying to break the cloud from the upper side which indicates a downward trend. If it breaks the cloud strongly then we would expect a long down trend towards 1266.  In this week, we have target to 1280 Level with SL 1310

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EURUSD formed a global falling wedge -reversal pattern nut question we will go to test support line of the wedge or no. Also, we move in the downtrend channel and I think we will touch the resistance line of this channel. The movement depends on whether we break the line of resistance and consolidate above or not. Nobody canceled false breakup. If we do not break...

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USDCAD was downtrend last week, as a result, we are expecting a recovery this week. 1.3280-1.3300 is a strong support level for USDCAD and the expected area is 1.34000

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Bullish Trend

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GBPJPY is the pair which follows the trend very well and as March is a big month for pound ( future of GBP is depending on 29th of March), May be there will be Hard Brexit or no Brexit deal or UK may get more 2 years of time. but, now it will go up and if BRITAIN get extra two years time, of course, Pound will get advantage on it and will up towards 152.00