EURUSD❗Breaking through the level📈The four-hour chart of the EUR / USD pair. The currency pair was unable to stay in the channel for a long time. The price resumed its downward movement from the daily supertrend line. Now sellers are gradually increasing pressure on the level. Today we are waiting for the breakdown of this mark and a decline to the reversal level.
Trading solution: sell 1.1517 take profit 1.1505
Have a nice trade!
Fxsignal
XAUUSD🤑 Retest support line?📈XAU / USD quotes continue to move as part of the fall and the formation of a large "Triangle" pattern. At the time of the publication of the forecast, the price of GOLD is 1778 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1750 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1845.
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USDJPY❗Sideways📈USD / JPY four-hour chart. The situation on the chart has not changed. The currency pair continues to move in a sideways direction. Most likely, in the coming days the price will remain flat. From the current position, we are waiting for a moderate decline in quotations in the direction of support on the daily supertrend line.
Trading solutions: sell 114.30 take profit 113.45
Have a nice trade!
GBPUSD❗Resistance level ⚡GBP / USD four-hour chart. The currency pair could not push through the level of 1.3611 and bounced up very strongly from it. At the same time, the currency pair completely ignores the main support / resistance level. All these signals indicate the possible development of sideways movement in the range.
Trading solutions: buy 1.3620 take profit 1.3733
Have a nice trade!
EURUSD📈Resistance level ❗The four-hour chart of the EUR / USD pair. The currency pair retested the resistance on the daily super trend line. The price bounced down once again, but here it is worth paying attention to the reaction to the level. The currency pair completely ignores this mark. At the same time, earlier the price bounced up from the level. All these are signals of the possible development of sideways movement in the range.
Trading solution: buy 1.1543 take profit 1.1627
Have a nice trade!
XAUUSD🤑 Symmetrical triangle📈XAU / USD quotes continue to move as part of the correction and the formation of a large "Triangle" pattern. At the time of the publication of the forecast, the price of GOLD is 1782 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1765 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1860.
Have a nice trade!
USDJPY❗Sideways📈USD / JPY four-hour chart. During the day, the situation on the chart practically did not change. The currency pair continues to move mainly in a sideways direction. Most likely, most of the day the price will remain within the sideways range today. At the same time, the bearish scenario of the movement remains the priority in the medium term. The main target is the reversal level 114.84.
Trading solutions: sell 113.84 take profit 113.386
Have a nice trade!
EURUSD📉 Support level?❗The four-hour chart of the EUR / USD pair. After a slight correction, the currency pair resumed its downward movement. Today we can still see a new attempt by buyers to break through the resistance on the daily supertrend line, but the bearish price movement scenario remains the priority in the medium term. The target is below 1.1500.
Trading solution: sell 1.586 take profit 1.1490
Have a nice trade!
XAUUSD🤑Resistance level❗XAU / USD quotes continue to move as part of the correction and the formation of a large "Triangle" pattern. At the time of the publication of the forecast, the price of GOLD is 1792 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the resistance level near the 1800 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1855.
Have a nice trade!
GBPUSD❗Go down??💲GBP / USD four-hour chart. The currency pair has pushed through the main support / resistance level and continues to move down. There are no reversal signals on the chart, so the bearish price movement scenario remains a priority. The next target is 1.3611.
Trading solutions: sell 1.3631 take profit 1.3611
Have a nice trade!
EURUSD📉 Support level?❗The four-hour chart of the EUR / USD pair. An upward correction is developing on the chart. The price has already reached the first target on the four-hour supertrend line, therefore, at the current levels, we are waiting for the formation of reversal signals and the development of a downward movement towards the level.
Trading solution: sell 1.1615, take profit 1.1540
Have a nice trade!
XAUUSD🤑Decline before rise📈Gold completes the trading week near the area of 1795. The XAU / USD quotes continue to move as part of a slight rise and the formation of a “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend for Gold. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the price rise. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1735 area. Further, the continued growth of the GOLD price with a potential target above the level of 2035.
Have a nice trade!
USDJPY💲Corrective reduction❗USD / JPY four-hour chart. A new bullish wave continues to develop on the chart. It starts at 113.26. The price has passed the mark, so the next target for growth is the reversal level 114.84. The bullish scenario of the movement will be canceled after the price drops below the level.
Trading solutions: buy 114.18 take profit 114.84
Have a nice trade!
GBPUSD❗Go down??💲GBP / USD four-hour chart. The currency pair showed a very strong decline from the level. The downward price movement was stopped by the main support / resistance level, but so far we do not see a strong pullback from this level. On the contrary, bears are building up pressure. Therefore, the scenario with the development of a downward movement towards the level of 1.3611 remains a priority.
Trading solutions: sell 1.3710 take profit 1.3610
Have a nice trade!
EURUSD📈Resistance level ❗The four-hour chart of the EUR / USD pair. The currency pair showed a very strong decline on Friday. The price tested the level of 11536. So far, we do not see a strong reaction to this level, therefore, as a priority, we consider the scenario with the continuation of the downward movement after the formation of a correction to the four-hour supertrend line.
Trading solution: sell 1.1575, take profit 1.1500
Have a nice trade!
GBPUSD❗Go down??💲Due to weak statistics from the US, it has a chance for the uptrend to resume. So far, the price is again spreading above the Kijun-sen and Senkou Span B lines, so the trend is considered ascending. However, it is necessary to look in the next couple of days if yesterday's movement was not an accident. On October 29, we distinguish the following levels: 1.3741, 1.3833, 1.3886.
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EURUSD📈The weak point of the dollar❗As is often the case, movements occur exactly at the moment when it would seem that there are no prerequisites. So, for the pair under consideration, the euro exchange rate took and grew literally out of nothing in the midst of the formation of a sideways trend. The local maximum has been updated and the price is trying to gain a foothold at these values.
Most likely in the near future we will have a successful consolidation at the indicated level, after which the price growth will continue. For this reason, purchases remain a very promising solution.
Investment idea: buy 1.1675, stop loss 1.1650, take profit 1.1750.
Have a nice trade!
USDJPY❗ Sideways range📈USD / JPY four-hour chart. The currency pair fell back to support at the daily supertrend line. Nevertheless, buyers continue to hold the price above this level, therefore, as a priority, we still consider the scenario with the growth of quotations towards the level of 114.06.
Trading solutions: buy 113.59 take profit 114.05
Have a nice trade!
GBPUSD❗Go down??💲GBP / USD four-hour chart. The currency pair is declining, being in the overbought area. There are no reversal signals of the current price movement on the chart yet. Therefore, we consider the scenario with the further development of the downward movement as a priority. We consider the level 1.3672 as the first target.
Trading solutions: sell 1.3750 take profit 1.3672
Have a nice trade!
XAUUSD🤑 Retest support line📈XAU / USD quotes continue to move in growth and the bullish channel. At the time of the publication of the forecast, the price of Gold is $ 1787 per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, indicating pressure from the seller's asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the level near the 1765 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1880.
Have a nice trade!
USDCAD❗UP trend!⚡Currency pair US dollar Canadian dollar USD / CAD continues to move within the correction and the downward channel. At the time of publication of the forecast, the US dollar rate against the Canadian dollar is 1.2361. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, indicating pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to develop a fall and a test of the level near the 1.2275 area. Further, an upward rebound and continued growth of the currency pair on Forex. The potential target of such a movement of the instrument is the area above the level of 1.2555.
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GBPUSD❗Selling pressure💲GBP / USD four-hour chart. The currency pair remains under pressure from the overbought area. Buyers are still unable to gain a foothold above the four-hour supertrend line. Therefore, as a priority, we consider the scenario from the beginning of the downward movement in the direction of the daily supertrend line.
Trading solutions: sell 1.3700, take profit 1.3620
Have a nice trade!