Gold prices are currently at a very high level, up about 36% compared to October 2023, so there is always pressure to take profits after each strong increase. Investors are closely monitoring the conflict in the Middle East. This is still considered a powder keg that can cause tension in the global financial market. Investors are also paying attention to the US...
Price reached 0.59000 significant zone and it is possible to see bullish reaction now. We can also see stoch. RSI is below 0 which indicates bullish pressure. Price also formed new significant zone at 0.59500.
Waiting for pattern completion at 0.67921 for shorting opportunity.
in monthly time frame there is a correction movement in USDCAD .top yellow line is the Sl ,with a very low possibility it may be retest .
It might be bank holiday here in the UK but our script doesn't stop when markets are open. First trade alert of the week is a GBPJPY short. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I...
Hello traders, I hope you are all doing great! The last week finished in deep green territory for us (The Greek Trader community) above 500 pips profit and we are doing the same on this one! The trade set up we are looking on is the USDNOK and let us tell you what our analysis is showing us: Technical Observations 1.We have price reaching a daily-weekly and a...
Price is approaching major resistance, bears can look for short opportunities, but first we want to wait for confirmation like a false break with bearish divergence or strong move to the downside.
In this video update, we take a look at GBPCAD as it approaches the key weekly resistance zone. If price finds resistance here once again we could see this market reverse back towards the key moving averages. Look for short trades here on bearish price action.
NZDJPY is approaching our first resistance at 78.08 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement, 100% Fibonacci extension, descending channel resistance) where a strong drop might occur below this level pushing price down to our major support at 75.60 (horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement)....