Upon revisiting the gold chart on the 2-hour timeframe, we can see that last night, after gold surged to $2,600 and reached this key psychological level, it faced selling pressure and dropped to the important $2,550 level. If you recall, in previous analyses, we had mentioned this level as the final target for gold's corrective move. In the previous correction,...
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price entered to upward wedge, where it at once turned around from the support line and rebounded up to the 1.1000 support level, which coincided with the support area. After this movement, the EUR made a correction movement and then bounced up higher than the...
Colleagues, I reviewed the waves a bit and realized that the upward movement is likely to continue. At the moment I believe that the price is in wave “3” lower wave and in wave “5” higher wave. Therefore, I think that the nearest target is in the area of 1.13296, which is 100%-161.8% of Fibonacci extension levels. Manage your capital correctly and competently!...
Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price reached the support zone, which coincided with the support level, and tried to break it, but failed and started to decline. Price declined to the trend line, after which started to move up inside the upward channel, where it at once rebounded from the trend line...
My dear subscribers, This is my opinion on the EURUSD next move: The instrument tests an important psychological level 1.1142 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.1102 My Stop Loss - 1.1168 About Used Indicators: On the...
Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.1161, a multi-swing high resistance. Our take profit will be at 1.1080, a swing low support close to 61.8% Fibo retracement. The stop loss will be placed at 1.1200 which is a multi swing-high resistance." High Risk Investment Warning Trading Forex/CFDs on margin...
Here is our detailed technical review for EURUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.116. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.113...
Hello,Traders! EUR-USD keeps growing But the pair will soon Retest a horizontal Resistance level of 1.1201 From where a local bearish Correction is likely to follow Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EUR/USD Forecast: Bearish Bias Likely to Continue – Key Drivers for the Upcoming Weeks (20/09/2024) As we move further into September, the EUR/USD pair faces a potential downside with a slightly bearish bias expected for this week and the next. In this analysis, we’ll break down the fundamental and technical drivers behind this forecast and explore the key...
EUR/USD is "climbing" with solid support from the EMA 34 and EMA 89, currently hovering around 1.11636. The key "barrier" lies at the 1.11786 resistance level – if the price breaks through, the door to 1.12297 opens, promising a strong breakout. However, if it "stumbles," the price may fall back to the 1.11149 support level to regain momentum. Interest rate...
Guess what... I believe the EURUSD pair is ready for a sell. My decisions to enter a trade are primarily based on my intuitive assessment of the market. While I do rely on certain patterns that have proven effective for me, the actual execution of a trade is often based on a gut feeling—whether or not I like what I see at that moment. However, this particular...
EURUSD: Key level red box here is around the 1.1045 region with the bias being bullish above. Swing high currently in production, immediate red box needs to break. Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets. Please do support us by hitting the...
From a daily point of view, we can see that 3 bearish candles formed August 28,29 and 30th. Afterwards, on the 4 hour chart, the pair made a lower low and began to retrace into fair value gap yesterday afternoon, but immediately rejected from that level. This morning, price rejected that area again, indicating the bearish continuation may go on.
Sell Eurusd when the price reached at 1.10652 - 1.10574 then set Take profit to like 1.09507 . Use money management
Similar to SPX, the PZ of NDX held any selling as NDX just rallied up to 20k, before pulling back. NDX is much stronger yesterday. BOJ meeting coming and that could provide some volatility to the market. 19530/640 are levels to look for longs for the move back up. But if the BOJ meeting later does not result in any negative reaction and sell down later, then we...
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...
19th September DXY: Currently at 100.60, could bounce to retest bearish trendline. If 100.60 broken, could test 100 round number. NZDUSD: Could trade higher, look for reaction at 0.63 resistance, Buy 0.6255 SL 20 TP 40 AUDUSD: Buy 0.6780 SL 30 TP 70 GBPUSD: Sell 1.3250 SL 30 TP 90 (BoE Rates Decision pending) EURUSD: Sell 1.1130 SL 25 TP 50 USDJPY: Sell 142...
The next move of EUR will be Long. I suppose a little bit rebound and a hard long phase Stop under near support or little bit down.