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If the price break below 2360, the next target will be at 2349/2348, other senario if the price get rejected from the previous support level he can bounce up to reach the 2400 level.
💹 Let's review the analysis of the AUDCAD currency pair that we did together some time ago and examine the possible positions.
📊 In higher timeframes, like other forex pairs, we are still within a range and merely oscillating in a long-term box, which provides suitable trends for us in shorter timeframes.
📝 In past analysis, we mentioned that after breaking...
Technical analysis of gold also shows bullish prospects. Gold prices have charted an ascending widening wedge pattern since 2016, starting from a low of $1124.30. This pattern is often recognized for its expanding trend lines and suggests increasing volatility and bullish sentiment as price makes higher highs and lows.
Furthermore, another bullish pattern has...
Exploring the "Condor" : A Look at the Chinese Yuan Futures
In the realm of option trading, the term "Condor" refers not to a bird of prey, but to an intricate options strategy known for its non-directional nature. This strategy, aptly named after the wide-winged condor, involves positioning four options at once, aiming to profit from low volatility in the...
The USD/JPY pair has completed the impulsive wave sequence labeled as 1-2-3-4-5 and is now entering a corrective phase, typically labeled as A-B-C. The price has already formed waves A and B and is currently progressing towards wave C, which is expected to extend to the 1.618 Fibonacci extension level.
Additionally, the formation of a head and shoulders pattern...
GBP/USD has formed a symmetrical triangle pattern on the 30-minute timeframe, and a breakout has already occurred.
We are currently waiting for a retest to enter a SELL position, based on candlestick confirmation patterns at the retest level.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
My Dear Robbers / Traders,
This is our master plan to Heist Bullish side of GBPJPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens...
AUD USD TRADE SETUP
AUD USD is currently retesting a support key level.
Currently looking for SELL confirmation on the lower timeframe of 30 mins.
Plan B, if the price breaks above we need to see a retest before looking for BUY entries
Gold’s recent rally accelerated last Friday, driven higher by weak US economic data, and the rally back towards a new all-time high has continued this week with the precious metal posting a $2,141.8/oz. peak yesterday. This left gold just $3 short of printing a new ATH. The technical outlook for gold remains positive and suggests that the precious metal will...
OANDA:XAUUSD MARKET ANALYSIS AND COMMENTARY - WEEK 17 - 2024
ECONOMIC COMMENTARY
This week, international gold prices continued to increase beyond the threshold of 2,400 USD/oz to 2,417 USD/oz, but then gradually decreased and closed at 2,390 USD/oz.
Gold prices rose again to exceed 2,400 USD/oz on April 19 due to an attack believed to be by Israel...
🕵️♂️ Let's delve into this forex pair and analyze it together on higher timeframes for future trading and long-term perspective.
🕓 In higher timeframes, unlike most other currency pairs currently oscillating within long-term boxes, the Swiss Franc seems to have the upper hand against the Canadian Dollar.
🔍 At present, the Canadian Dollar is experiencing its...
🕵️♂️ Let's analyze the EURNZD currency pair together and update our previous analysis.
🔍 In higher time frames, like other currency pairs, we are mostly in a ranging market, but this pair shows a slightly stronger inclination towards an upward movement.
🕓 In the four-hour timeframe, after hitting the daily resistance at 1.80951 and breaking the downtrend line,...
XAUUSD for stocks to come off the boil And now that the fears are abating it is also providing a good reason for gold to also let out some of the steam Gold made some attempts to top earlier this month but failed to see a daily close above the key level And now price is starting to feel exhausted as it falls back to on the day
On an hourly timefraame, EURUSD printed Bullish Divergence followed by a Bullish Pennant Pattern suggesting a Bullish shift.
Entry is suggested on the breakout of previous high with a stop loss on previous low. TP levels are suggested with Risk Reward Ratio of 1:1 and 1:2
The Forex Market is very consistent. It repeats itself day in and day out.
It is an objective force of nature and follows rules.
Therefore if you leverage the rules inside of an objective strategy you are able to extract as many pips out of every Macro move that the asset you are trading makes.
Today we understand that EURUSD is Bullish. Therefore the...
The Momentum Trap: Gold's relentless rise could be fueled by a self-fulfilling speculative frenzy. This trend
Gold sell now 2382_2385
Tp2370
Tp2360
Sl2392
