It seems that the break of the long-term trend line of the euro was done the other day after the election of Trump as the president of the United States. In this range up to 1.06, we can expect to continue the fall. A position with R:R equal to slightly more than 1. It is not very attractive to enter, but you can think about it!
On the daily time frame, EURUSD reached the bottom of its ascending channel and we saw a temporary positive reaction from it. This reaction point, in addition to being the bottom of the ascending channel, was also an important order block in my daily time frame, which caused the price reaction. The medium-term target is the middle line of the channel.
According to the weekly chart of the dollar index and since tomorrow and next week we have important data such as unemployment claims, and also these data will probably strengthen the strength of the dollar, it is expected that the dollar index will rise to the middle of the trading range in the first step. .
This is the ascending channel of gold. According to this channel, we can make a decision. Sell positions are not reasonable at all right now. But if we see a red candle from the top of the channel, we can open a sell position to the bottom of the channel with a reliable stop loss.
According to the economic data that was published recently and in the last two weeks, it seems that the euro will continue its downward movement. The two yellow and red paths are the possible paths of the euro towards the goals written in the chart. Capital management should always be your top priority.
Considering the political developments in the world as well as the upcoming American elections, and on the other hand, according to the economic data published in the last few weeks, it seems that the Dow Jones index will start to move downwards from this price point! The long-term target is specified in the chart
Considering what happened to Donald Trump, it is not unlikely that gold will reach the $2500 level soon. We will wait until the excitement of the market is discharged at the reopening and after that we will decide to enter into the transaction. We are not in a hurry.
In high and long-term time frames, a very large divergence can be seen in the Bitcoin chart, which probably signals a deeper price correction. Be careful for buy deals!
According to the current situation, the Dow Jones index can have an upward correction up to the range of 40,000-40,200. It is likely that gaps will be filled at these points and return to the downward path again
I will sell any higher price step by step with respect to money management. The target that will be touched soon is drawn on the chart.
Gold still maintains its upward guard. But it seems that to rest, it moves to a lower station to the middle line of its ascending channel and in the next station to the bottom of this channel.
After breaking the ascending channel, the euro has entered the correction phase in the form of a descending channel and it can almost be said that it has lost its strong ascending guard. This will be a new move, most likely in the form of a trading range. A move from the top of the descending channel to the previous bottom is likely
Considering the price gap that has been created, which has not been filled from any side, as well as touching the ceiling of the upward movement, we expect the price to be corrected until the price gap is filled. According to the chart, short trades can be entered in two ranges
Probably this week, according to the previous weekly pinbar, we will have a temporary rise to the limits drawn in the chart, so that the previous price gaps are filled and we return to the downward path.
Considering the reduction of risks and dangers of global conflicts, especially in the Middle East region, and also gold reaching a very important supply range, it is possible to enter a selling position in two stages. Look at the chart!
As you can see in the chart, after the breaking of this pattern (head and shoulders at the price peak) and according to the orders left from the previous upward leg spike, we are likely to see a price decrease. Two orders were taken at this point. One of them will be risk-free in the first target to reach the second target. This analysis will be updated...
It seems that we have an upward correction ahead for the Dow Jones index. This rise can occur from the current areas or a little lower and from the overlapping range of the previously broken ceiling in the daily time frame and EMA20 of the same time frame. The purpose of this rise of the Dow Jones index can be the purple box in the first step. And in the final...
Considering the divergence in most of the main time frames, it is likely that the Dow Jones index will start a correction in the 1 hour time frame soon. Price targets are indicated on the chart.