NZDUSD extended losses after fomc which led to dollar strength after hitting the demand zone I expect price to go up higher from 0.6042 targets 0.6161 and stops below 0.6020. Use proper risk management.
the GBP/USD pair is showing some signals of an impulsive wave formation, i am expecting a wave 4 pullback near 1.2080/1.2050 area in order to long again targeting 1.2380/1.2690 region medium to long term. with some geopolitical tensions we might see a strong US dollar in the coming sessions considering the Dollar index a safe haven. tomorrow we will have 50BP...
hello Traders, Aussie reached 100% fibo expansion , meaning we are still in a corrective zone. after the clear divergence on the RSI i am looking forward to long the pair with a stop near 0.6680 and a target of 0.7030. the tightening policy from the USA and the strong dollar is what put a pressure on the aussie lately.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
the pair is trading sideways waiting for the ECB decision tomorrow, the triangle is a continuation pattern, meaning more upside is awaiting the Euro dollar pair, 1.0740 was the resistance i was waiting for and apparently it is holding for now, a pullback of wave (e) is then expected , a minor pullback to be precise. good luck buying the pair.
Hey traders, in this week we are monitoring DXY for a selling opportunity around 104 zone, once we will receive any bearish confirmation the trade will be executed.u we highly recommend to take a look at DXY at the beginning of every trading week if not everyday, that will help you to trade USD pairs more professionally and spot their direction! Trade safe, Joe.
1.15550 is our main target for the short term corrective upward pullback. when the above level is broken we can say that the upside move turned into an impulsive one and we will see higher euro dollar reaching 1.2500 medium- long term. however now I'm looking to buy euro near 1.1360 level which will be a very good support to long the pair again.
the aussie completed 5 waves up in a leading diagonal form showing that a new impulsive wave has begun. we are looking to see a three waves pullbakc towards the previous wave 4 before continuation higher might happen. im looking to long the pair in the coming sessions after completing this pullback. goodluck
Gold is completing a possible scenario after a big consolidation took place in a triangular format. we can easily target 1870 then pullback might happen before any surge and new highs takes place. this scenario is still my favorite with stop loss below 1740 if you consider risk to reward ratio the trade is awesome!!!
Hey Traders, wish a happy weekend for y'all! i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too. in the coming week expect a pullback for the dollar index around 95.9...
the DXY is trading near critical level and is expected to face some major resistance near 161.8 fibo expansion. if broken the corrective pullback will turn into impulsive which is really bad for the other major currencies. watching closely these levels.
swissy is trading near critical area again if the above scenario is correct we might see a wave 5 targeting 0.8500 again in the medium term. lets wait for a reversal signal near this triangle resistance.
UsdChf is in a pullback after stronger dollar yesterday because of the inflation Data. i still see that the upside is a dead cat bounce and will continue lower in the near future. be aware of the blue box
looking for this pair to retrace as a corrective pullback and retest previous wave 4. buying from current levels is high risk however for scalping i would recommend a bullish view. we might see more selling pressure in the future
Gold might be preparing for a complex corrective wave that means the buying area will be near 1740/1748 levels. don't get me wrong this scenario might not happen and we might see a surge in gold from current levels but you need to calculate the risks of a possible pullback. 1856 is a medium term target with current uncertainty in the capital markets- inflation-...
Hello Traders, EurUsd completed 5 waves down with a potential 3 waves pullback targeting 1.1660 as a first target if broken we might look into a deeper corrective pullback and might change it to an impulsive wave. for now i still prefer longs with respect to 1.1520 stop loss. current wave might be labeled as (b) or (2).
many traders out their when they look into the weekly chart of USDCHF find it attractive since it never bounced in a corrective manner nor impulsive, and i agree long term there is still more room to go up. but short term i still see some pressure from the DXY on this pair and we might target 0.8500 level before turning bullish again!! Good luck!!
Gold proved several times after completing the downfall and targeting 1680 as a double bottom that the retracement at the first place from 2073 dollars an ounce is still corrective. all the advanced yet the classical technical analysis is showing a momentum and a possible surge in gold prices in the medium to long term. lets not forget the inflation effect on gold...