EURCHF: Pullback From Support 🇪🇺🇨🇭
I see a nice pullback trade on EURCHF:
the pair test a key daily/intraday horizontal support.
A double bottom pattern was formed on that
and its neckline was broken.
I bought the pair on a retest of a broken neckline.
Goals: 0.9548 / 0.9560
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Forexsignal
Gold buy opportunity very very easy flying big bullish all time Gold has broken above the upper resistance of the dotted blue trend lines as discussed earlier this week Prices are now pushing higher with the target of this move remaining upward This is due to the ascending broadening wedge pattern which indicates significant volatility and supports gold prices above the blue dotted trend line
XAU Could Surpass All-Time HighThis gold buying trend is expected to remain unchanged in the coming period due to the impact of the current economic situation and geopolitical conflicts. At the same time, consumer prices have fallen after hitting a record high, easing pressure on the market.
The focus of gold investors next week is the annual central bank conference at the Fed's Jackson Hole resort. Fed Chairman Jerome Powell will speak on Friday, expected to share the prospect of an upcoming Fed rate cut.
Positive US inflation data in July has paved the way for the Fed to cut interest rates in September. The market predicts the Fed will cut by 0.25 percentage points at this meeting.
USD/SGD Approaches Key Demand Zone: Anticipating a ReboundUSD/SGD is steadily declining towards our identified Demand area around the 1.31128 level. At this juncture, we anticipate a potential price rebound that could present a promising opportunity for a long trade setup. Our analysis is rooted in a combination of Supply and Demand principles, which help us understand the underlying market forces, as well as a thorough review of the latest COT (Commitment of Traders) report, offering insights into the positioning of major market participants. By integrating these critical factors, we have strategically placed a Buy limit order, positioning ourselves to capitalize on a potential upward movement in the price from this key support zone.
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GBPCHF: Multiple Time Frame Analysis & Bearish Outlook 🇬🇧🇨🇭
GBPCHF may retrace from a key daily horizontal resistance.
The price formed a triple top pattern on that on an hourly time frame
and just broke its neckline.
We can expect a retracement at least to 1.118 level now.
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Gold Analysis==>FallingGold is moving in the Heavy Resistance zone($2,484-$2,431) and Resistance line .
According to the theory of Elliott waves , Gold seems to have succeeded in completing a Zigzag Correction(ABC/5-3-5) near the resistance line .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to GO down to at least the Support line .
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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EURUSD Analysis==>>Signs of a FallEURUSD is moving near the Resistance zone($1.0955-$1.0933) .
According to Elliott's wave theory , EURUSD seems to be completing the Double Three Correction(WXY) .
Also, the Ascending Broadening Wedge Pattern can be a sign of EURUSD reversal.
I expect EURUSD to continue to decline, at least in the Support zone($1.0884-$1.0864) .
This week, the US economic calendar will be very busy releasing inflation Indices that will likely influence the Federal Reserve's monetary policy . We must wait for the prices to react when the indices are published.
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Gold Prices Likly To Drop TodayOur technical analysis and market indicators suggest that gold is likely to experience a sell-off tomorrow, reversing the gains made in recent trading sessions. the expected sell entry would be 67 and 63. This pessimistic forecast is supported by concerning fundamental factors, including:
- Weakening investor demand for safe-haven assets
- Central banks' potential reduction in gold reserves accumulation
- Unfavorable macroeconomic conditions, such as rising interest rates and a strengthening US dollar
USD/CHF: Liquidity Grab at 0.84323 Signals Long SetupThe USD/CHF pair recently grabbed liquidity at the 0.84323 level, aligning with a significant demand area, which has sparked a potential reversal. Following this initial reversal impulse, we are closely monitoring this zone for a long entry.
The liquidity grab at 0.84323 is noteworthy, as it indicates a possible shift in market dynamics, with a strong buying interest emerging at this critical level. This demand area has historically provided robust support, making it a key level to watch for a sustained upward move.
Our analysis of the supply and demand dynamics supports the case for a long position. The current market structure suggests that the demand zone at 0.84323 is poised to hold, providing the foundation for a bullish continuation. Additionally, the seasonal trends for USD/CHF historically favor upward movements during specific periods, further reinforcing the potential for a price surge.
The Commitment of Traders (COT) report adds another layer of confirmation to this setup. The data indicates that large traders and institutions have begun accumulating long positions in USD/CHF, signaling growing confidence in a potential upward trend.
Given the confluence of the liquidity grab at 0.84323, the strong demand area, supportive seasonal trends, and bullish signals from the COT report, we are looking to go long on USD/CHF. The technical and sentiment indicators suggest a favorable environment for a price surge, making this a promising opportunity for traders.
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USD/JPY:Liquidity Grab at 142.000 Signals Long Setup OpportunityThe USD/JPY pair recently experienced a liquidity grab around the 142.000 area, which coincides with a key demand zone. This convergence of factors presents a compelling opportunity for a long setup, especially when analyzed in conjunction with the Commitment of Traders (COT) report, seasonality trends, and our supply and demand analysis.
The liquidity grab at 142.000 is a critical event, as it often indicates a shift in market sentiment. In this case, the price dipped into a demand area where buying pressure is expected to intensify. This zone has historically acted as a strong support level, making it a prime candidate for a reversal and an upward move.
Our analysis of the COT report further strengthens the case for a long position. The data suggests that large traders and institutional investors are increasingly positioning themselves on the bullish side of USD/JPY, indicating confidence in a potential upward trajectory. This shift in market sentiment aligns with the technical indicators we've identified in the 142.000 demand area.
Seasonality trends also play a supportive role in this setup. Historically, certain periods have favored the US dollar against the Japanese yen, leading to upward movements in the pair. This seasonal pattern, combined with the current technical and sentiment-based factors, creates a favorable environment for a long position.
Given the liquidity grab at 142.000, the confluence with a demand zone, and the positive signals from the COT report and seasonality analysis, we are looking to enter a long setup in USD/JPY. Traders should consider this opportunity, as the potential for a significant upward move appears strong.
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XAU Rising Strongly After Deep FallGold (XAU/USD) rose on Thursday, snapping a four-day losing streak, although it lacked momentum and remained below $2,400 heading into the European session. Investors remain concerned about the economic slowdown in China and the possibility of a US recession. This, coupled with escalating geopolitical tensions in the Middle East, should act as a supportive factor for gold. Moreover, expectations of more rate cuts from the Federal Reserve (Fed) kept the US dollar on the defensive, confirming the positive outlook for the non-yielding precious metal.
EURUSD Analysis==> H&S patternEURUSD reacted well to the Potential Reversal Zone(PRZ) and Heavy Resistance zone($1.1185-$1.098) .
According to the theory of Elliott waves , it seems that EURUSD has succeeded in completing five impulsive waves , and we should wait for EURUSD to decline .
From the point of view of Classical Technical Analysis , it seems that Head and Shoulders Pattern is likely to form.
I expect EURUSD to continue to decline, at least in the Support zone($1.0885-$1.0860) .
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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XAU is sideways todayForecasting the gold price trend, although gold has had two consecutive sessions of price decline, experts said that the decline of gold has been significantly limited thanks to expectations that the US Federal Reserve (Fed) will cut interest rates in September and concerns about escalating geopolitical tensions in the Middle East.
XAU/USD : Awaiting Key Levels Amid Middle East Tensions (READ)By examining the gold chart in the 2-hour timeframe, we observe that the price is currently trading around $2398. We are still waiting for the price to reach the range of $2403 to $2410, after which we can prepare for a sell position with an appropriate trigger. Note that the risk of war due to high tensions in the Middle East remains high, which could cause a boost in the gold price, potentially pushing it above $2500. At the moment, we are following the price with our analysis and are trying not to prejudge it too much. We will wait for the price to reach the desired and attractive levels for trading. This analysis will be updated.
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XAU/USD : Get Ready for another Bullish Move !(READ THE CAPTION)By analyzing the #Gold chart on the 4-hour time frame, we observe that on Friday, the price managed to surge to $2478, hitting our target levels, and then entered the marked supply zone (Bearish Rejection Block). This was followed by a heavy correction from $2478 to $2410, a drop of more than 680 pips in 4 hours! With this decline, a new Fair Value Gap (FVG) has formed, which is likely to be filled soon. The potential targets for this are $2450 and $2456. Currently, the price of gold is at $2442.495. After the FVG is filled, we need to watch the price reaction to this level. Considering the ongoing high risk of war, gold might ignore other economic data and, in the event of war, could potentially rise to $2500.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
EUR/USD Trade Setup on the Daily TimeframeEUR/USD pair is currently moving sideways on the daily timeframe, forming an ascending channel characterized by higher highs and higher lows. It recently broke out and found support at the 1.08000 level.
We are now looking for buy entries at this support level. Let's scale down to the lower timeframes to identify potential buy patterns and entry confirmations.
USDJPY Analysis==>>Falling Wedge PatternUSDJPY is moving in an Ascending Channel and Falling Wedge Pattern .
According to the theory of Elliott waves , USDJPY seems to have succeeded in completing corrective waves in the Falling Wedge Pattern .
I expect USDJPY to rise to at least the first target after breaking the upper line of the Falling Wedge Pattern .
U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.