↪️GBPUSD was trading in an Uptrend in a rising channel but it has broken down from the channel. And the pair is holding the previous upside above 1.2400, as markets digest UK labor market data and look to the next set of ammunition in Wednesday's inflation report. We're monitoring GBPUSD for a selling opportunity once we will receive a bearish confirmation the...
↪️USDCHF faces resistance at 0.9000 and falls for the first time in three days. After posting back-to-back days of gains, the pair retreats down to 0.17%, after hitting a weekly high of 0.8996. From a technical perspective, the pair daily chart portrays the major as downward biased. We're monitoring UsdChf for selling opportunity....Trade safe 👍✅
↪️CADJPY went up to retest the key horizontal resistance level Of 100. 48 from where I am expecting a bearish rebound towards the target area below...Trade safe👍✅
USDJPY is trading in a rising wedge pattern, and the price is testing the ceiling of the rising wedge from where a rebound is to be expected towards the target bellow we are monitoring USDJPY for a selling opportunity once we will receive a bearish confirmation the trade will be executed...trade safe
AUDNZD is trading in an uptrend, and bulls approach the highest levels since early march during a four-day uptrend following a release of strong Australian job numbers early Thursday. the price crossed 1.0790 resistance confluence zone. So, after the retest of the broken structure the price will grow more towards the target above...Trade safe
↪️EURUSD extended the correction on Friday and bottomed at 1.0971, the lowest level in two days amid a rally of the US Dollar. And the price made a strong move up last week From the rising support. We are now seeing a bearish correction which might take the price back down to retest the bottom of the rising channel Support line, from where I am expecting further...
↪️ CADCHF pair is trading in an Uptrend at the time of writing.The broken rising trend line and a key horizontal structure represent upside obstacles. Still, technically, the price action signaled exhausted buyers. The pair is approaching a strong resistance cluster from where a rebound is to be expected towards the target bellow...Trade safe 👍✅
↪️ XAUUSD price turned south and declined to 1992, hitting the lowest level in three days.From a technical perspective, nothing seems to have changed for Gold price and the near-term bias remains tilted firmly in favour of bullish traders. In this week we are monitoring Gold for buying opportunity around 2000/1990 zone, Gold is trading in an uptrend and now seems...
↪️AudUsd is trading in a downtrend and the pair has been setting lower lows since bottoming out in late January at 0.8910. The price is testing a strong support horizontal structure from where a rebound will be likely to occur. We're monitoring the pair for a buying opportunity once we will receive any bullish confirmation the trade will be executed... Trade safe 👍✅
↪️AudUsd is trading in an Uptrend but the pair is on a horizontal resistance structure.The pair has turned sideways below the round-level resistance of 0.6800 in the Asian session after a juggernaut rally. Technically we are expecting a bearish retracement from the zone... Trade safe 👍✅
EurUsd is trading in an Uptrend in a rising channel. The pair is consolidating its upside journey toward 1.1100 after building a base below 1.1050 amid a risk-on mood. The price rose for the third consecutive day, taking technical indicators on the daily chart near overbought levels and suggesting the rally could take a breather. And it's now testing the ceiling...
↪️ XAUUSD scend further on Thursday, hitting 2048.67 a troy ounce, its highest since March 2022. It is hovering near 2040, looking at record highs, 2075 still in sight. The price retreated modestly from the aforementioned high and trades around 2040 a troy ounce.In the near term, and according to the 4-hour chart, the pair maintains its bullish stance, but a...
↪️EURUSD rose on Wednesday and posted the highest close in two months near the 1.1000 area. EURUSD broke above 1.0930 and jumped to test the 1.1000 area. So far, it has been unable to break it, but remains near, with the bullish tone intact. The pair is facing resistance in extending its rally above the psychological resistance of 1.1000 in the Asian session. If...
↪️EURCHF broke the horizontal support level and we confirmed the breakout on 4H Tf because the candle closed below the zone which made me bearish biased. So, after the pullback and retest we will be expecting a bearish movement Towards the target bellow... Trade safe 👍✅
XAUUSD also cheers the market’s hopes of easing inflation and less aggressive monetary policy from the Fed.bulls eye 2,040 as US Dollar drops ahead of inflation data,Looking forward, Gold buyers need softer US inflation numbers and an absence of future rate guidance from the Fed policymakers, per the FOMC minutes. If not, then the pair may portray another pullback...
↪️ EURJPY is trading in an Uptrend and the pair advances for the fourth session in a row and breaks above the key horizontal structure at 145.00 on Tuesday. So, after the retest of the broken structure, we are expecting the pair to grow towards the target above... Trade safe 👍✅
↪️ EURCAD is trading in a local Uptrend in a symmetric triangle pattern.The pair is stuck inside the triangle, We have two likely scenario, if the price break from the top a bullish continuation is to be expected, But if it breaks the down side we will see a bearish move towards the target bellow. wait for a breakout first...Trade safe 👍 ✅
↪️CHFJPY is trading in a rising channel and the pair Hit the confluence of the Horizontal and rising resistance Levels where a pullback is to be expected for further move ddown towards the target bellow... Trade safe 👍✅