Technical
EURUSD Support Ahead! and then Buy!Hello,Traders!
EURUSD is trading in a downtrend
But the pair looks locally oversold
So given that a strong support level is ahead
I am predicting a rebound and a bullish correction
After the pair broke the downtrend line!
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Hamidreza Tajbakhsh.
HNTUSDTThe lifts of the shoulder have not been fully consumed in the previous uptrend!
There are no higher ceilings and most importantly we lost an important price floor in the monthly time frame, should we consider this month's positive candle as a return candle?
I think it could have a bearish trend over the $ 12.24 price range, of course, because the previous floors have been preserved, I have my own bearish view to the first specified range!
GBP/USD technical analysisThe pair is still trading around the EMA50 and is currently testing the support level of the bullish channel. Stability above this level, along with an oversold Stochastic, makes us wait for an upward movement with a target of 1.2490. The expected trading range for today is between support 1.2200 and resistance 1.2370.
Recommendations: Buy.
Support 1.2255 1.2230 1.2210
Resistance 1.2300 1.2320 1.2350
Gold : Intraweek Technical AnalysisThe gold is ripe for an upward move. The price action of gold tested the support of 1815 throughout the week with resistance at 1845 and 1855. My idea is that the fundamentals of gold have gone strong. The supply is getting cut off . the yellow metal will try to break the resistance of 1855 as soon as the market opens. My idea is to take entry below 1830 with a second layer at 1815. My targets for intraweek will be 1855 and 1875.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.