EUR/USD surged to a fresh September high after the Federal Reserve surprised markets with a 50 basis point rate cut on Wednesday, sending risk appetite into high gear and sending traders scrambling to hit the buy button. Further upside in EUR/USD is likely to face initial resistance around the September high of 1.1189 (September 18), before moving on to the 2024...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.67500 zone, AUDUSD is trading in an uptrend and currently is in a correction phaase in which it is approaching the trend at 0.67500 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 19800 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19800 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2535 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2535 support and resistance area. Trade safe, Joe.
Hello everyone, BTCUSD is rising above $62,110 and the downtrend line is still intact. However, on closer inspection, we can see that the price is still above the 34 and 89 EMAs, which reinforces the recovery prospects in the correction trend of this coin. My strategy is to wait for a recovery towards the $64,000 resistance level and then we can expect a further...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61900 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.61900 support and resistance area. Trade safe, Joe.
Hello wonderful friends! USDJPY has struggled to conquer the recent gains at 144.00g. However, its upside momentum was limited after weak data released yesterday weakened the USD and affected the upcoming outlook of the major currency, as can be seen from the 143.50 setup on the 2-hour chart. On the technical chart, although the uptrend remains supported and the...
In todays session we are monitoring EURGBP for a buy trade, entry at 0.84142 and targets above 0.84540 and stops below 0.84000. Use proper risk management and cheers to you all.
Please, check our technical outlook for EURGBP. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.841. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.843 level. P.S The term oversold refers...
Hello everyone! Are you curious about the current gold price? Gold prices fluctuated in a range on Thursday, consolidating their slide after the FOMC rejected the $2,600 level or a new record high the previous day. Persistent geopolitical risks, along with signs of economic uncertainty in the United States and China, supported the safe-haven metal.
On the 4-hour chart of gold, we see that the price of gold has pulled back slightly from recent highs, but is still maintaining a positive uptrend above two exponential moving averages (EMAs), the 34 and 89. The 34 EMA, shown in blue, is above the 89 EMA in purple, indicating that the short-term uptrend is still intact. However, it is worth noting that the...
BTCUSDT chart shows a strong bullish trend after breaking the important resistance. In addition, the price is currently trading above the 34 and 89 EMA, confirming the medium to long-term outlook of the coin. However, the current bullish momentum could be vulnerable as a close look shows that the price has not been able to break above the $63,000 resistance and...
Pair Name = EURUSD Timeframe = H4 Analysis = technical + fundamentals Trend = Bullish Details:- EURUSD Price already moving above the main trend line. And Got a strong retesting from this Fib retracement level of 0.5 to 0.6. Now getting good volume. Price is gradually breaking the resistance levels. Our target Price will be around 1.12 to 1.13
Hello, Friends! It makes sense for us to go long on EUR/GBP right now from the support line below with the target of 0.844 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
Pair Name = Gold Timeframe = H4 Analysis = technical + fundamentals Trend = Bullish Details :- Please see the Above chart To see The Gold Next Moves. We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path. Currently We Can see between two strong support and Resistance levels. As we can see at...
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.32500 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.32500 support and resistance area. Trade safe, Joe.
Pair Name = USOIL Timeframe =W1 Analysis = technical + fundamentals Trend = Bearish Pattern = Symmetrical Triangle Details :- USOIL is still following bearish trend. Currently Price range between 65 to 70. it will stay here for few more days. After that it will Again Follow the bearish trend. Target Price is 55 to 57.
Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 100.719. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 101.379 level. P.S We determine...