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Dear Traders, Technical Analysis: USDCHF is positioned for a potential downward move this week, though a short-term bounce higher is also possible. The daily technical analysis shows an oscillator reading of 1, signaling the pair is overbought and could see a selloff. However, we may first get a quick spike up to 0.9113 as stops are triggered. Just hold on...

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Gold is currently trading around 494.92 RMB per gram in China as of July 25, 2023. Based on the technical analysis on XAUCNY showing we are currently in wave 5, subwave 4 of an upward trend, the prediction is that by January 2025, the price for 1 ounce of gold will reach 16575 RMB. Given that 1 ounce equals 28.3495 grams, a price of 16575 RMB per ounce implies...

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Technical Analysis: The Elliott wave theory suggests a bullish trend in oil prices, propelled further by geopolitical tensions and economic revitalization in major markets like China. The first Take Profit (TP) point is projected at $90.75 at the end of wave 3, followed by a second TP at $96.58, aligning with the broader market expectations of rising oil...

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Dear Trader, As of Tuesday, August 22, 2023, the EURGBP currency pair is trading around 0.8521. Based on my technical analysis, I believe there is potential for EURGBP to fall to the 0.8486 level in the near-term. If we see a drop to 0.8486, I think this could present an attractive area to look for a long position, as the price may find support and bounce higher...

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Hi Traders, My technical analysis of OANDA:XAUUSD suggests we are currently in a corrective wave 2 pattern. This correction could take gold to the 1800-1780 region , likely around October 2023. After wave 2 finishes, wave 3 has potential to break above 2000 and resume the larger bullish trend. However, we need to see the correction play out first, so I don't...

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Dear Traders, Based on three distinct analyses, XAUUSD appears poised to continue its downtrend: 1- There's an increasing density of low frequencies between 1857 and 1852. Notably, the 1852 level seems to be acting as a significant barrier against further price advancement. 2- The channel, highlighted in blue, similarly indicates resistance in the 1855 to 1852...

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My frequency analysis of GBPCHF in the daily time frame indicates a continuation of the bearish trend. With the current price at 1.1117, I believe there is an opportunity to ride this downward momentum. To capitalize on the bearish momentum, I suggest entering a sell position with a take profit set at 1.10642. This level aligns with the next key support zone...

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Dear Traders, This is an update to my previous signal which hit stop loss and sharply dropped, though I had adjusted my personal stop loss on the position. Since stop losses cannot be modified after a signal is posted, the chart still shows the original stops. I have now added one more Sell position at rate 0.8953. My take profit remains the same as the previous...

teconlab Updated 

Dear Traders, My technical analysis indicates USDCHF has reached a peak and is primed for a drop. After conducting frequency analysis, I see clear signs this pair is overbought and due for a correction. I have already entered a short position on USDCHF, with take profit and stop loss orders in place to manage risk. The setup looks highly favorable for a move...

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Dear Traders, Based on WAVE Analysis we are still in wave 4 of downtrend. My expectation is at 0.8810 market should start the last drop and we can make the take profit at 0.8558.

teconlab Updated 

Greetings Fellow Traders, It appears many have taken short positions in CHFJPY, expecting the uptrend to reverse. However, my analysis suggests there may be one final bull wave still to come. Before the trend turns, I anticipate CHFJPY could edge higher, testing stops and forcing additional coverings. To defend short positions, consider implementing a long hedge...

teconlab Updated 

Dear Traders, The TeconLab team has developed a new research method using price decomposition analysis to forecast future trends for currency pairs. Our latest analysis of XAUUSD (Gold) indicates a bullish outlook. Please review the attached chart and set take profit levels accordingly. If the trendline breaks to the upside, after it retest the trendline we get...

teconlab Updated 

Dear Traders, The TeconLab team has developed a new research method using price decomposition analysis to forecast future trends for currency pairs. Our latest analysis of GBPUSD indicates a bullish outlook. Please review the attached chart and set take profit levels accordingly. We are optimistic this innovative approach can deliver strong profits with high...

teconlab

Dear Traders, The TeconLab team has developed a new research method using price decomposition analysis to forecast future trends for currency pairs. Our latest analysis of NZDUSD indicates a bullish outlook. Please review the attached chart and set take profit levels accordingly. First TP is has priority. After the first TP market will pullback, and should wait...

teconlab

Dear Traders, We are working on a complex price analysis based on our recent research study. Take profit almost for 90 pips. I will update if the take profit changes.

teconlab Updated 

Dear Traders, Wave structure consists of 5 waves marked a-b-c-d-e, structured 3-3-3-3-3. It also precedes the final movement of the trend of one larger degree. The only difference is its shape. Instead of contracting, it is expanding, which means that wave “a” is the smallest and wave “e” the biggest. In this case we will have the last drop and then a huge long position.

teconlab Updated 

Greetings Fellow Traders, I wanted to share my analysis on the current state of FX:USDCHF . In my assessment, #USDCHF is completing its final downward wave after the substantial drop back in August 2011. The market has since formed an ABC correction, and we now appear to be in the last leg (wave 5) of wave C. If my analysis is correct, the pair is poised for a...

teconlab Updated 

USDJPY on the 1H chart appears to be in subwave v of wave 3 by Elliott Wave theory. It has formed a triangle consolidation pattern, out of which sub-subwaves i and ii of subwave v seem to have completed. Based on the impulse sequence and assuming the triangle as a running flat correction, USDJPY looks poised for a final leg higher to complete wave 3. Upside...