Get started

Telegram

EUR/USD:BUY From 1.061 Area For A LONG Setup - READEUR/USD is still inside a Bullish channel where in the past hours the price continues to stay inside an accumulation area where a daily uptick in the pair comes in line with a so far small bounce in the German 10-year Bund yields. Meanwhile, The US currency despite showing inclinations to rise to higher levels has managed to push the European currency to the level of 1,0610 losing part of the gains and although yesterday's announcements were also quite positive did not manage to create again momentum in favor of the dollar, but only managed to put a brake on the further euro reaction. Today's ADP Non-Farm Employment Change will be crucial for the price to understand the next move, especially if the estimated change in the number of employed people during the previous month, excluding the farming industry and government will be less than the forecast.
Long
by FOREXN1
23
GOLD:BUY From Previous Support FLAG Pattern 50% FIBO LONG !GOLD inside a Bullish channel in the last hours the price make a raising Flag pattern where the price finds a pullback in the previous support area in confluence with the 50% Fibo Levels. In this Area, the price seems today to react with a new bullish impulse and today's ADP Non-Farm Employment Change will be crucial for the price to understand the next move, especially if the estimated change in the number of employed people during the previous month, excluding the farming industry and government will be less than the forecast or the previous month.
OANDA:XAUUSDLong
by FOREXN1
10
AUD/USD:BUY From Support Level FIBO For A New LONG SetupAUD/USD it's inside a Bullish channel in the last session the price had a pullback in the previous support area 0.6800, where in confluence with the Major Fibo Levels the price may have a new Bullish impulse. Today the ADP Non-Farm Employment Change, the estimated change in the number of employed people during the previous month, excluding the farming industry and government may give a bullish impulse to the AUD if the number of employees will be less than the forecast or the previous month.
Long
by FOREXN1
7
GOLD:New BULLISH Setup FIBO 100% Extension as Target LONG !GOLD has turned sideways around $1,844.00 ( as predicted by us ) in the early European session after surpassing the $1,840.00 hurdle. The precious metal continues its struggle for breaking above the crucial resistance of $1,850.00. The gold price is expected to display a decisive move after the release of United States ISM Manufacturing PMI data. According to the estimates, the ISM Manufacturing PMI is expected to deepen further to 48.5 from November’s release of 49.0. Shrinking manufacturing activities in the United States are expected to deliver signals of further downside in the inflation projections, which could compel the Federal Reserve (Fed) to slow down the policy tightening measures. However, investors will get more clarity on the monetary policy outlook through Federal Open Market Committee (FOMC) minutes, which will release on Thursday. We Are looking for a new Bullish setup with the extension of 100% Fibonacci level from the last impulse as a target.
OANDA:XAUUSDLong
by FOREXN1
6
EUR/USD:BUY From Support Area For A LONG Continuation!EUR/USD inside a Bullish channel is making Higher-highs and Higher-lows with re-tests on the previous Support areas. Yesterday we shared our Idea about a new Bullish impulse meanwhile most traders were scared about the drop made by the re-open of the USA session market after a holiday pause. Today the US ISM Manufacturing PMI is seen dropping further to 48.5 The US manufacturing sector seems to be a contraction that is set to deepen further at the beginning of 2023, having shrunk for the first time in November after May 2020 when the economy began to recover from the Covid lockdown-induced downturn. In December, the headline ISM Manufacturing PMI is seen lower at 48.5 while the New Orders Index is expected to improve to 48.1 alongside the Employment Index at 49.1. The US ISM Prices Paid component is likely to continue its downtrend, foreseen at 42.5 in December when compared to the previous reading of 43.0. Despite expectations of a softer headline figure, an improvement in new orders could provide the much-needed respite to the US Dollar buyers at a time when the European demand for orders is seen dwindling, with the full impact of winter and the Russia-Ukraine war coming through. Even domestic demand and exports are expected to be badly hit due to the stubbornly-high inflation in the US economy. Our forecast is about a new Bullish impulse For EUR/USD.
Long
by FOREXN1
2
USD/JPY:SELL From Resistance Area - USD ISM Manufacturing SHORTUSD/JPY inside a Strong bearish channel is making Lower-highs and Lower-lows with re-tests on the previous Support areas. Today the US ISM Manufacturing PMI is seen dropping further to 48.5 The US manufacturing sector seems to be a contraction that is set to deepen further at the beginning of 2023, having shrunk for the first time in November after May 2020 when the economy began to recover from the Covid lockdown-induced downturn. In December, the headline ISM Manufacturing PMI is seen lower at 48.5 while the New Orders Index is expected to improve to 48.1 alongside the Employment Index at 49.1. The US ISM Prices Paid component is likely to continue its downtrend, foreseen at 42.5 in December when compared to the previous reading of 43.0. Despite expectations of a softer headline figure, an improvement in new orders could provide the much-needed respite to the US Dollar buyers at a time when the European demand for orders is seen dwindling, with the full impact of winter and the Russia-Ukraine war coming through. Even domestic demand and exports are expected to be badly hit due to the stubbornly-high inflation in the US economy. Our forecast is about a new Bearish impulse today.
Short
by FOREXN1
3