Complicated geopolitical developments are counterbalancing the Fed's recent stance to support gold prices. On the one hand, the Fed strengthens the Dollar compared to other major currencies. On the other hand, gold is also supported. Support when potential market risks are likely to flare up and increase the attractiveness of Precious Metals that do not generate...
Looks like Dollar Index completed the correctional movement and ready to go down again. I see a bearish flag pattern with a confirmed violation of its support on 4H. The market may reach 104.2 soon. ❤️Please, support my work with like, thank you!❤️
World gold price (XAU/USD) yesterday increased more than 25 USD to a high of 2,358 USD. Although expectations about the Fed cutting interest rates recently have many negative changes, gold has a lot of momentum and one of the measurements is that the world geopolitical situation is becoming more complicated with military conflicts. There is increasing tension...
Hello,Friends! GOLD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of...
Hello,Traders! EUR-NZD has retested The horizontal support Of 1.7630 from where We will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅SPY is making a rebound From the horizontal support Of 524$ and as we are bullish Biased we will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
✅GOLD broke the rising Support line and the price Then made a bullish correction But we are bearish biased locally So we will be expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Here is my latest structure analysis and important key levels to watch on USDCAD. Resistance 1: 1.373 - 1.376 area Resistance 2: 1.377 - 1.380 area Resistance 3: 1.383 - 1.384 area Support 1: 1.359 - 1.360 area Support 2: 1.354 - 1.357 area Support 3: 1.342 - 1.349 area Consider these structures for pullback/breakout trading. ❤️Please, support my work...
Hello,Friends! AUD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.658...
The AUD/USD pair saw upward movement on Monday, benefiting from the subdued activity in the US markets due to the Memorial Day holiday, which left the Greenback weaker. This rise extends Friday’s recovery into a second consecutive day, providing some momentum for the Aussie dollar. Economic Indicators to Watch Australian Retail Sales and CPI Data: Tuesday:...
SPx New Forecast The price of the S&P 500 reached the resistance line, and breaking this resistance, will support the price to reach the next resistance line which is 5350, If the price remains below 5305 and 5320, it will likely fall back to the support line at 5266. Breaking this level could extend the bearish trend towards 5226. Pivot Line: 5305 Resistance...
BTC looks interesting over the next time frames and it can show more increase. That's why we're keeping an eye on Bitcoin at this moment. $68540 is a key confirmation zone. this level has already a confirmed, there's a high chance it could reach $75K - in the long term, and hype times can make the coin to the target faster. Remember, there are no guarantees in...
My dear friends, My technical analysis for USDJPY is below: The market is trading on 156.67 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 156.78 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
USD/CHF Long Minimum entry requirements: • 1H impulse up above area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 28 May 2024 BUY LIMIT Order: $2342.32 Stop Loss: $2332.04 Take Profit 1: $2352.36 Take Profit 2: $2365.71 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
My dear friends, Please, find my technical outlook for EURNZD below: The instrument tests an important psychological level 1.7657 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7750 Recommended Stop Loss - 1.7597 About Used...
My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 114.97 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 114.10 My Stop Loss - 115.51 About Used Indicators: By the very...
SPx New Forecast The price of the S&P 500 reversed from its support line at 5266 and can now reach the resistance line at approximately 5305, with the potential to touch 5320 as well. If the price remains below 5305 and 5320, it will likely fall back to the support line at 5266. Breaking this level could extend the bearish trend towards 5226. Pivot Line:...