EUR Dropped slightly on Friday morning, coming down to a low of about 1.08362 trying to break support structures. However the bears couldn't quite get past it. Per previous predictions based off of various data, we did see a retrace back up consolidating for the end of the week below the high. This will likely become become a new Support or Resistance structure...
USD trying to gain a foothold after yesterdays lows due to a Higher than Expected Unemployment Claims report. The DXY dipped high in the morning from around 105.740, dropping to a low of around 105.200 and then went up slightly into a consolidating in a range from 105.332 high to 105.204 low. That being said USDCAD took a hard drop yesterday. These moves were...
Upon research, here is the fundemental reasoning for my gold entries. I have placed an order at 1853.5 I think gold has not given up with with the push down as of yet. And I feel asif theres further to go. As far as the Israel and Palistine war is going: USA seem to already putting there nose in, sending warships over etc. This is only fustrating Hamas. Theres...
Very decent setup happing on gold. There are loads of confluences on the higher time frames which indicate that there is a good long setup for GOLD. It is very important to do your own analysis and follow your plan to see positive results in your trading. do Loads of backtesting and forward testing in order to improve your overall trading strategy. Comment down...
As we can see in USDCHF we have an impulse to the upside with a break in a falling wedge pattern which indicates a bullish sentiment. We can also see a double bottom formed in the 4H time frame in confluence to the end of the Elliott Wave with the 5th and final movement. All of these indications align with a possible push to the upside. I see resistance to this...
As we can see Gold is forming a rising wedge as shown on the 4H chart. This also aligns with an impulse Elliott Wave pattern, along with some nice wicks bouncing off of the 1830s resistance level indicating bulls may be letting up. It seems Gold may be ready for a push to the down side with the confirmation of breaking out of the wedge. With breaking out we can...
Hello 🐋 Based on the chart, we have appropriate amount of the volume for the price and break out of the ascending channel and many resistances to the upside beside we have fundamental sign for more gain ✔️ if the price breaks the major resistance and the round number to the upside, we will see more gain 🚀👌 Please, feel free to share your point of view, write it...
The DXY has broken major areas of resistance around 97.7. The price action has retested this level multiple times. When the market broke above, it started correcting, and a bullish continuation flag pattern was printed. With price now respecting these areas of previous resistance as they turn to support, it seem we will see price go higher. The Dollar is under...
This weekend's market is expected to be relatively quiet. They will not produce large effects or move, and they will most likely not affect all pairings. We should proceed with caution, but the New Zealand dollar and the United States dollar have a very high possibility of gaining ground because of recent performance and statistics that I have obtained. After...
Im providing my work on fundemental anaylsis, which I completed over the course of the weekend. So, macroeconomics, global macroeconomics, and the eventual result...
Do you see what I see?.. Looks like xauusd is in its 3rd cycle completing the 4/5 year.. Each Jan gold sells off, 2013-2015 selling off the most. I am looking to expect 2023 to follow the same trend as 2013-2015 creating that downtrend cycle before finding support on the trendline that goes back to March 2006.. Gold will create some kind of support before Jan....
Hello Fellow Traders Here we have a USDJPY Short trade idea. please support if you agree with the idea! Technical Analysis: We can see USDJPY creating Lower Highs and Lower Lows + The price is exactly at the Resistance that it should bounce down from! Yellow lines represent major SNR zones and I have made TP1 & TP2 & TP3 all according to the SNR zones! We can...
Overall, GBP/USD is trending upwards. Recently, GBP/USD rejected the resistance zone of 1.38000 and broke below the key level of 1.37. Currently, GBP/USD is moving towards the key level of 1.37. Its next support zone is at 1.36000 and the next resistance zone is at 1.38000. Look for short-term selling opportunities of GBP/USD if it bounces down from the key level of 1.37.
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Technical Analysis: -From the Weekly to the daily, it shows a strong bullish trend . -Price has been trading in the ascending channel since 27th April. -We should look for a long entry on the retracement of the supply zone. -According to the algorithm, it forecasts that price could shoot up to 1.18% in the next 20 days. -This is a good indication to enter long for...
Technical Analysis: -On the Weekly and Daily timeframe shows strong bearish momentum -There has been a breakout of the ascending triangle and looking to to enter on the retest of the liquidity zone. -Price has been in a downtrend since 23rd March 2020. -We should wait for a breakout and a retracement of the supply/liquidity zone to look for a short...