Super Bullish Gold may reach 2500$(4//12/2024)In our last analysis, we had anticipated the OANDA:XAUUSD gold price to reach the 2300-2350$ zone. The price has reached our target and after a little correction, the price made a move to the 2400 area.
With everything happening worldwide, the 2500$ zone is not far from reach.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Fortunamarkets
DXY is overbought, maybe a little corrections?(4/12/2024)In our last analysis, the DXY TVC:DXY moved as we had anticipated. Right now the bullish scenario is dominant, but DXY is overbought and hit a resistance.
So there is a chance that price make some retracement.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBP/AUD is ready for changing direction(4/9/2024)After a 5-wave impulse move, GBP/AUD has started the correction. Right now the price is completing the "A" wave. there is a possibility that the price will bounce back after reaching FIB 0.5.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EUR/JPY minor short(4/9/2024)Today, the EUR/JPY price rose in the early morning, and right now the price made a good rejection from the 165.1 zone.
this rejection could lead to further downward movement after a short retracement.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUD/USD 0.66400 zone rejecting or not?(4/5/2024)In our last analysis, we had anticipated the AUD/USD would drop but after the ISM PMI result, the market turned the table and told us that the price has more corrections to do.
in this case, we expect an ABCDE diagonal triangle pattern to be completed by price.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EUR/USD Analysis before NFP(4/5/2024)In our last analysis, we had anticipated the EUR/USD FX:EURUSD price to have a minor correction but the correction has exceeded our expectations and the price moved to higher levels.
We have some resistance in the 1.09 zone, so we are expecting the price to reach there.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Gold analysis before NFP(4/5/2024)In our last analysis, we had anticipated the gold price to reach the 2300-2350 zone. right now the price has touched 2305$ and ranging.
We believe that the price has the potential to move upward and reach the 2325-2350 zone.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
DXY Analysis before NFP(4/5/2024)In our last analysis, we had anticipated a minor correction in DXY but the correction has exceeded our expectations.
Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a correction in DXY to the 103.7 zone before going up.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
USD/CAD back and forth noisy move target 1.362(4/3/2024)USD/CAD is moving inside of a channel. USD/CAD has a nerve-wracking move these days, a noisy and back-and-forth move, if you are a scalper, it is a paradise for you but if you are not it's an eye sore. FX:USDCAD
Anyway, in the chart we can see a big Liquidity zone in 1.36200-1.36400 and still untouched.
We believe the price will eventually magnet to this zone.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
USD/JPY will break 152 soon(4/3/2024)USD/JPY is consolidating under the resistance zone. it's alarming that the 152 zones will be broken soon.
It has been 3 times when the price reached the 152 zone and every time we see the reaction becomes smaller and weaker.
This is not a buy signal because maybe BOJ is attempting to manipulate the market.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUD/CHF Possible Bearish Scenario
Today, the RBA meeting spoke neutrally about AUD. Without any possible Hawkish scenarios, AUD is not bullish nor bearish either.
But since USD is wiping every minor currency in the market, AUD has been affected too.
Currently, We are bearish on AUD/CHF.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EUR/USD minor correction before 1.07(4/2/2024)Nothing has been changed since our last analysis. EUR/USD is still bearish.
But we may see some minor corrections because every indicator are in oversold and DXY is correcting too.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Gold is aiming for 2300-2350 zone!(4/2/2024)In our last analysis, the Gold price has been reacted to upper dynamic resistance. finally, buyers got the rope and broke above the upper dynamic resistance. Right now gold is bullish and buyers are buying in every dip.
We Are expecting the price to eventually reach into 2300-2350 zone this week.
Plus, we have NFP/Unemployment news this week.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
DXY is minor ranging here(4/2/2024)In our last analysis, we had anticipated a bullish move in DXY.
Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a minor correction /range in DXY.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUD/USD aimed for 0.635 (3/26/2024)Hello Traders
AUD/USD moving down in 5 Elliot wave impulse waves.
After the first 5 wave impulse, AUD/USD made an ABC correction.
Afterward, we faced a big drop in AUD/USD indicating that the price desires lower levels and has started another 5-wave impulse.
So we believe every correction is a sell opportunity for this pair.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBP/CAD little retracement (3/26\2024)Hello Traders
it looks like GBP/CAD is going to retrace partially it's last drop
Zone 1.70900 is a very good place to jump for 1.722.
We anticipate the price to move a bit down and then move toward 1.722.
Any break below 1.70700 will invalidate our analysis.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUD/NZD next wave down(~500 pip)(3/26/2024)Hello Traders
it looks like AUD/NZD is starting a new wave dive down into 1.035.
The first correction wave A has been established then the price has made a horizontal triangle as wave B, by breaking down the horizontal triangle AUD/NZD has made a new wave down as C.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EUR/USD is Aiming for 1.07 zone (3/25/2024)Hello Traders
EUR/USD had some upward corrections from "14 Feb 2024" until "8 March 2024".
FED news(PPI, CPI, and interest rate) turned the table and changed the upward momentum into a downward movement.
Right now the price has broken the upward channel and made a pullback on it.
So we believe the price will reach lower levels.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Gold in the Verge of Big Drop (3/25/2024)Hello Traders
Gold prices have had some decent gains since "14 Feb 2024". in the last few days, gold dropped some gains due to DXY strengthening.
If DXY continues to strengthen itself, we believe lower gold prices are not far untouchable.
Gold has made a 12345 impulse wave (rising wedge). the price has been rejected 3 times from the upper dynamic resistance trendline. so maybe we see some big corrections in the near future.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
DXY is rising, target 106.5 (3/25/2024)Hello Traders
After the FED interest rate decision, USD markets faced some volatility, now it seems the DXY market has decided its direction.
DYX had an upward momentum from "28 Dec 2023" until mid of "Feb 2024", we faced some correction after that until 8 March when NFP and Unemployment news were released.
Since then DXY has been rising slowly but surely,
We expect this bullish momentum to stay alive until mid of "April 2024" with a 106-106.7 target.
DXY has made an AB=CD pattern. The AB leg and the BC leg have been made, so we believe that the market right now is going to build the CD leg.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUD/USD another drop!!!Hello Traders
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EUR/CHF is going to see lower levelsHello Traders
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Are we going to see 1800$ is gold?Hello Traders
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)