Hello traders, Bearish Scenarios: Reversal from All-Time High: A potential bearish scenario involves a reversal from the all-time high. Target Profit (TP): Around 2027, indicating a potential retracement from the recent peak. Breaking Below 1968.450: Another bearish scenario is a break below the key support level at 1968.450. Target Profit (TP): Bottom of the...
Hello traders, This is the Daily chart! Regarding the daily chart, the bullish move that began in late September appears to be a correction rather than a sustained trend. Introduction: This analysis delves into the AUD/CAD outlook, focusing on supply and demand dynamics across various timeframes. Keep an eye on potential market reactions to the China...
Hello traders, This is the Daily chart! Looking at the daily chart, it appears that the bullish move starting in October is likely a correction. A more bearish move is anticipated in the long term. Introduction: This analysis focuses on the mid-term outlook for GBP/USD, examining supply and demand dynamics. Stay tuned for intraday updates throughout the week,...
Hello fellow traders, Take a look at the Daily chart! While the bullish momentum encountered resistance around a robust zone, there's an intriguing tug-of-war with the bulls demonstrating resilience. Introduction: This analysis delves into the mid-term outlook for EUR/USD, navigating through the intricacies of supply and demand dynamics. Stay alert for...
GBP/USD is currently in a bearish trend, supported by two key technical indicators - the breakdown of an uprising channel and a bearish crossover of the 50-period Simple Moving Average (SMA) below the 100-period SMA. Traders should be aware of the potential impact of tonight's FOMC and Thursday's BOE interest rate decisions, which could introduce volatility and...
Technical Analysis: Supply Zone: The current price of AUD/CAD is approaching a significant supply zone around 0.89800. This area has acted as a barrier in the past, indicating potential selling interest. Simple Moving Averages (50 and 100 SMA): The 50 SMA is crossing below the 100 SMA, forming a bearish crossover. This could signal a potential shift in trend...
Hello traders, The green zone is suitable for long trades. However, if it breaks, it will turn to a resistance which make it a perfect place to short EURUSD. In terms of any break over the red, or below the green, next levels could be around the white lines.
Hello traders, Gold might gain power! Get ready to short it around the zone
Hello traders, Regarding the long-term analysis. Gold is bullish but over bought! In terms of mid-term. Gold is bullish and over sold. We are waiting for a break over the green horizontal line or below the trend line. but for now, we have a chance for short-term profit! Risk less than normal for short-term traders.
Dear traders, There is a static liquidity level around 147.400, a drop from the levels are expected! Trend is perfectly bearish and we are about to be overbought here! Read about indicator analysis in comments!
Hello traders, A longer-term bullish channel is broken! A new bearish channel is forming. Let's short the pair around the level
Hello traders, A buy setup will be available in case of any breaks over 0.83500
Hello traders, we are exactly around a weak zone. we don't trade it! The next strong zone could be touched around 1.0870.
Hello traders, On the one hand, AUDCAD may continue it's bullish move in it's short-term channel. On the other hand, the pair got high probability to react to the level in case of any breaks of lower band of the mentioned channel.
Hello traders, This is clearly an uptrend move. Let's take some profits around the level! This idea may be expired in 2 days!
Hello traders, On one hand, I'm not bullish on USD! On the other hand, JPY is super bearish in long-term. Take this trade considering risk management principles.
Hello traders, You can both set your long orders around the zone if the bearish momentum is not so strong, or wait to see a confirmation in LTF!
Hello traders, There could be a possible "head and shoulders" I think most optimal place to set long orders is around 1.0800, however there might be some reactions around 1.0850. If you want to take confirmations into consideration don't forget about this level. In terms of any breaks over 1.1000, around 1.0970 could be taken as entry points.