Prices Already on Resistance!! If Market Crash Price can go higher up to $2900 (I mean 20% rally). or Opposite, It come down to $2100 to $2000 level It will provide a bearish divergence signal shortly. Keep an eye on it, but make a trade plan in advance. A surge in the US dollar and Treasury yields also brought down the price of gold. Central...
Greetings to traders from across the globe, Allow me to introduce myself as Alexandre Karim , and I shall now embark upon presenting my comprehensive analysis pertaining to the CAD/JPY exchange rate. Firstly, it is patently evident that an upwardly inclining channel has been manifesting itself since the advent of the year 2020. Furthermore, it is noteworthy...
View On Gold XAU/USD (3 Mar 2023) Gold is support well near $1,820 region and it just formed now $1,840 as a good support too. I am expecting we shall see 1880 pretty soon. If things work well, $1,900 and $1,920 shall be next. It is better to stay on the buy side. Let's see. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press...
In the chart that we have here related to #USDTD, as you can see, the support ranges have been lost in short time frames and even the support trend line has not shown a support reaction in higher ranges! After the reaction to the resistance range at 8.70 and 8.80, we saw a correction of several days in #USDTD, which caused the market to turn green and of course,...
Hello traders ! USDJPY is currently between two mass psychology levels: 135.179 & 147.728 Given that the price is between these two levels, we should be really patient and execute properly without having the FOMO (Fear of missing out) the trade. USDJPY currently broke the ascending channel on the 4H chart and its forming a bearish flag on the 1H chart...
Hello Traders Around The World! CADJPY looking amazing. Beautiful set up for a short position plan. As you can see, CADJPY reached a mass psychology at 106.513. The price started to test this area with a correction + Ascending channel. I will be focusing on taking a reversal pattern in this area & execute when the price breaks to the downside. Patience is...
Hello traders! CLICK THE LINK BELOW TO CHECK MY PREVIOUS ANALYSIS ON CHFJPY & HOW I PLANNED THE EXECUTION. As I posted before on CHFJPY : CHFJPY Reached a mass psychology since Jan 2015 at 138.917 area. Will be waiting for a reversal pattern as an ascending channel forming currently + breakout to execute a short position. Patience is key on this pair & do...
Hello traders! USDCAD is currently on the rejection line 1.30760. We can clearly see that this pair is making a repetitive behavior. I will be waiting for a reversal pattern on the upper TL or on this rejection line & will wait for a broken structure to take a short position. Patience is key. #THEPRIMES
Hello Traders ! As you can see, USDCAD has a repetitive behavior on the upper trend line on the daily chart. On the lower time frame (4H, 1H) I will be waiting for a continuation pattern for more downside. If the price went higher, I will be focusing on taking a reversal pattern on the upper TL. #PATIENCEISKEY #THEPRIMES #SIMPLICITY
Hello traders! Lets talk about USDCAD . Since August 2021 we can clearly see that we have an ascending channel followed by a repetitive behavior till present. Currently the price touched a rejection point at 1.30759 and broke an ascending channel on the 1H chart signaling a reversal of the price. When the price moved lower, it formed a bearish flag and I...
USDJPY Looking amazing! The price reached a mass psychology at 135.179 area. Since the price approached this area we saw an ascending channel / correction signaling a downside gravity. If the price move higher, we will be waiting for the 147.728 area (Highest mass psychology) and execute the short from there. WHAT IS THE CURRENT PLAN? Will be waiting for...
Hello Traders! USDJPY looking amazing! Currently, the price reached a mass psychology since January 2002 at 135.117 I will be focusing on my short position in this area + waiting for a reversal pattern to execute. (The reversal pattern could be a rising wedge or ascending channel). Always wait for the breakout of the pattern to enter the trade. #Theprimes...
EURAUD setting up for a bearish opportunity. Watch lower time frame for bearish price action, there could be opportunities for further sells.
Gold making its bearish trend now its point is 1970.05. Our first target is 1921.00 after this its makes an upward trend to 1938.00-1949.20 than its starts again follow the bearish trend till 1872.30. Best entry point is 1979.00 and after that 2025.80 Must Give your Feedback Thanks .
The idea shared is an analysis of GbpJpy for a mid term swing. Fundamentally, we are expecting news releases from the United Kingdom next week that would make impact on the British pounds. For now, the retail sales of Japan which was released last Monday is a good driver for the Yen. Sentimentally, as the UK is still faced with inflation and political tension,...
The idea shared is an analysis of EurUsd for a mid term swing. Fundamentally, The Usd has shown strength owing to the recently released NFP reports. Next week will usher a series of News releases which hopefully will further boost investor confidence in the US economy. Sentimentally, As Europe experiences hard economic sanctions as a result of Russia's...
This is an analysis of Euraud highlighting supply and demand zones, advanced price action, resistance and support levels and my very own trick statistics approach to the market. As shown in the screenshot, Price is approaching a weekly demand zone from a supply zone having broken a support level marked by the moving average which acts as a dynamic support and...
This post is totally for educative purposes. Last week was sort of a war in the financial markets as there were lots of news reports that made very huge impacts in the markets. as investors digested the news. This is currently where eurusd lies . Before this move, the bulls had full control of the markets. If the demand zone below is broken, eurusd may go further...