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EURCAD is in a Bullish PatternHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
2
AUDUSD buying Trading IdeaHello Traders In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET today AUDUSD analysis 👆 🟢This Chart includes_ (AUDUSD market update) 🟢What is The Next Opportunity onAUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
GBPCAD BULISHor a bullish trade on GBPCAD, here’s an explanation of targeting the 61.8% Fibonacci level for take profit, or aiming for a full retracement to 1 (or 100%). 61.8% Fibonacci Level as Take Profit: When prices are moving upward and you’re looking for a take-profit zone, the 61.8% Fibonacci retracement level often serves as a strong resistance area within a retracement move. In a bullish context, if price hits the 61.8% level and shows signs of stalling, it may be an optimal spot to take profit. Many traders use this level as a key decision point because it often represents a deeper pullback where sellers might re-enter, or where the bullish move might exhaust temporarily. 100% (or "1") Retracement Level: If your outlook is more aggressively bullish, you might aim for a complete retracement back to the previous high, or 100%. This "1" level (representing the full retracement) would indicate that GBPCAD has completely reversed any previous pullback and resumed its full upward momentum. In practical terms, this can signal strong buyer control and confidence, as prices have returned to their prior highs, indicating the possibility of either consolidation at these levels or further bullish continuation.
Long
by LORDOFTHETRADERS
EUR/USD Daily AnalysisThe EUR/USD currency pair appears to be consolidating within a large, slightly narrowing symmetrical triangle pattern that has been forming over the past year. Key observations: 1.Support and Resistance: The pair recently tested support near the lower boundary of the triangle (around the 1.0700 area), which aligns with a long-term uptrend line, creating a potential zone of support. Resistance is seen at the upper boundary of the triangle, currently around the 1.1200 level, marking an area to watch for potential breakout attempts. 2.Volume Profile: The Volume Profile visible range highlights significant buying and selling interest around the 1.0799 to 1.0903 levels, suggesting this zone could act as a magnet for price action in the near term. 3.Key Levels: A break above the 1.0903 level could lead to a test of the next resistance at 1.1056. On the downside, if the pair falls below the recent swing low near 1.0700, it may open up further downside potential toward lower support zones around 1.0500. 4.Indicators: RSI is currently rebounding from oversold levels, indicating some bullish momentum in the short term. However, watch for a shift if RSI approaches the overbought territory. 5.Price Action: The recent bounce from support with increased volume may indicate renewed buying interest, but a breakout beyond the triangle boundaries will likely provide a clearer direction. This setup suggests that EUR/USD may see increased volatility as it approaches the apex of the triangle. Outlook: T raders should be cautious and watch for a confirmed breakout beyond the triangle's boundaries for clearer directional cues. Bulls will look for a breakout above 1.0903 to target higher levels, while bears may aim for support zones below 1.0700 in case of a downside break.
by AngshumanSaikia
EUR/USD 1-Hour Forecast: Long Setup in Focus📈 **EUR/USD 1-Hour Forecast: Long Setup in Focus** 🔹 We’re looking at a potential long setup on EUR/USD, with the current price at **1.07826**. Key levels indicate areas of interest as we aim for a target range of **1.06569 to 1.08723**. 🔍 **Key Levels to Monitor:** - **Support Zones:** 1.07378, 1.07114, 1.06641 - **Current Price:** 1.07826 - **Target Range:** 1.06569 to 1.08723 📊 **Forecast Details:** This setup suggests a potential upward movement as EUR/USD approaches and respects these support zones. A hold above **1.07378** could indicate strong buying interest, and as it moves past each level, the momentum towards **1.08723** strengthens. Maintaining this direction relies on support at **1.07114** and **1.06641**, which could act as re-entry points if tested. 💡 **Market Insight:** Watching these levels closely to gauge momentum and waiting for solid confirmations can help maximize entry opportunities. 👉 Let us know if you’re tracking EUR/USD and share your outlook! #EURUSD #LongPosition #ForexTrading #1HourChart #Pipnest #ForexForecast
Long
by pipnest
GBPUSD_104 2024.11.07 17:19:04 Trading Signal SELLFrankPro Signal for GBPUSD_104 Type: Screen Signal: SELL TP: 1.29484 SL: 1.29868 Entry Price: 1.29804 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the analysis, here are my predictions for the GBP/USD pair: **Short-term (next few days):** * The price is expected to go down. The pair is currently moving within a descending channel, indicating a short-term bearish trend. The price is also below the 100-day SMA (1.2980), which is a bearish signal. * However, there is a potential for a short-term recovery, as the pair is building recovery momentum toward 1.2950 and has found support near this level. * Key levels to watch in the short-term include 1.2940, 1.2900, and 1.2980. **Long-term (next few weeks/months):** * The price is expected to go up. The forecast suggests that the pair is expected to test the support area near 1.2765, but then continue to grow with a target near 1.3085. * A breakout above the resistance area and a price close above 1.3005 could signal a reversal, indicating a potential long-term bullish trend. * The Bank of England's stance on interest rates and the prospect of a recession in the UK may influence the pair's volatility, but the overall long-term trend is expected to be bullish. Please note that these predictions are based on the analysis provided and are subject to change as new data and events unfold. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions on the expected price movement of the GBP/USD pair: **Short-term (next few days):** * The pair is currently in a descending channel, indicating a short-term bearish trend. * The Relative Strength Index (RSI) is above 50, but the pair has yet to flip the 100-day SMA into support. * Key support levels are at 1.2940 and 1.2900, while resistance is at 1.3000 and 1.3040. * Given these factors, I expect the price to **go down** in the short-term, potentially testing the support area near 1.2765. **Long-term (next few weeks/months):** * Despite the short-term bearish trend, there is an expectation for the GBP/USD pair to rebound and continue growing towards the level of 1.3085. * A breakout of the resistance area and a price close above 1.3005 would confirm the growth option. * Economic data and central bank decisions, such as the Bank of England's expected rate cuts, could impact the pair's movement. * Considering these factors, I expect the price to **go up** in the long-term, potentially reaching higher targets such as 1.3042 and 1.3057. Please note that these conclusions are based on the provided analysis and are subject to change as new data and events emerge. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The pair is currently trading near 1.3000, and the technical analysis suggests that it is yet to break above the 100-day SMA at 1.2980. * The market sentiment is cautious due to the upcoming US presidential election, which may lead to a temporary consolidation or a slight decline. * The support levels at 1.2940 and 1.2900 are likely to hold, but a break below these levels could lead to a decline towards the November 1 low of 1.2884. * Therefore, in the short-term, the price is expected to **stay the same** or **go down** slightly, with a potential range of 1.2940-1.3000. **Long-term (next few weeks/months):** * The forecast and analysis suggest that the pair could test the support area near 1.2765 before potentially rebounding and growing towards the 1.3085 level. * The expectation of interest rate cuts by the Bank of England by the end of 2025 could lead to a depreciation of the pound in the long-term. * However, the US Dollar is currently under pressure, which could allow the GBP/USD to hold its ground or even appreciate in the long-term. * Therefore, in the long-term, the price is expected to **go up**, with a potential target of 1.3085, but with a possible decline to 1.2765 before rebounding. Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up
Short
by orbborisson