The price is forming a double bottom with higher lows just above the crucial demand zone. Expecting the price to test the first major supply zone of 1.0847. And if successful at breaking it, then the price should keep going up to the next supply zone of 1.09, which just happens to be at the upper limit of the descending channel the pair has been trading in.
a micropayment that may just surprise the rest of the space when this gets listed in the house of the BANKER web3 payments should be after meme or gaming.. currently positioning for that thematic RUN UP aka Parabolic rise as community is slowly building a solid following body clock or behavior is similar to that of SOLANA and MATIC
Hello dear friends! Currently, the recent recovery of USD/JPY has stalled as it fluctuates around the strong resistance level at the psychological mark of 150, not far from the highest level of 152.00 in 2022. However, there are no signs that could cause USDJPY to reverse and decline significantly. Furthermore, this currency pair is receiving support from a...
In today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis. = since it is a very short-term time frame, I will not comment further. = the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective -...
I'm watching levels 0.60704 for a long position.
Like most of the majors recently, AUD/USD has been plummeting like no tomorrow. 0.7000 could be on the cards looking at the inflation rates coming in tomorrows early hours. As there is expected high volume over the next 12 hours please trade safe. Overall our bearish bias remains in place and further downside is to be expected.
The pair is all set to breach the 70.00 level mark and would later reverse for a 500+ pip move to the upside. The probability of the trade is 80%. Trade less Trade Wisely. Good Luck
XAU/USD Daily Time frame Gold looks to be creating a bear flag formation. We seen gold make an impulsive move to the down side towards the end of November 21 and since then it has been slowly making its way back up in a corrective manner. Price is currently rejecting the 61.8% Fibonacci where we have seen price react from once before so we could see a reversal...
Price is currently residing around the 1.89 level which has proven to be key resistance in near term price. We do have a 200 pip upside risk represented by 2021 highs. Stochastics in overbought territory could indicate a potential retracement on the strong upside move. Today we have already filled the average daily pip movement!
The Dollar has derived little or nothing from the hawkish leanings of Fed’s Waller who argues that with inflation running well above the 2% target an announcement on taper could come in September for an October start, and the FOMC should do it early and fast in order to be in position to increase rates in 2022, if needed. In fact, the Buck is still on the back...
EURAUD has been in a slight up trend since March this year. We are looking for an option that follows the growth trend of the euro. Resistance at 1.5875 becomes support from July 16th. The trend continues. 100 pips above resistance at 1.5975 becomes support from July 19th. The trend continues. Fib 0.236 was not observed as well as Fib 0.382. A suitable possible...
Please don't forget to give us a like and follow if you find our analysis useful. Prior chart: The dollar appears to be getting a second wind after big beats in US headline and core US inflation, even allowing for base effects that implied an upside bias to market expectations, but initial gains were swiftly erased and reversed to leave the index languishing...
I can see the price will continue fall to the support line, I would wait for the price action before entry short
Price resides at long term lows - We've seen a double bottom formation @ 1.56 whole level and price has slipped into this 200 pip trading range. We are expecting price to break out to the upside. Lets see what happens. It is well possible price dips and tests the 1.56 again, forming a triple bottom before strong bullish momentum takes over. Any questions...
Good afternoon traders, hope we all have a great weekend. Here's what GBP/USD is looking like heading into next week. We can see price tagged 1.37 forming a triple top formation. As expected, bears enter the market and take price down over 100 pips in a 24 hour period. Will USD strength continue into next week? Could we see price test 1.35?
Daily downtrend with break & retest just waiting for price to return to the resistance to then lower my timeframe to the H4 to start looking for entries! we also are in the golden zone of the fib levels I have marked blue
Just my analysis for GBPUSD I have been learning Forex for 2 month now.