J_Ngatia

J_Ngatia

EUR/USD Analysis – Potential Upside Target On the daily chart, we’re seeing a key resistance level around 1.0400 that’s acting like a support zone. The previous daily candlestick tried to push below the 1.0380 mark, but price is struggling to break through, showing some resilience at this level. If this support holds, there's a potential upside move...

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GBP/USD Technical Analysis - Resistance: Price encountered resistance around 1.2500 on the daily timeframe. - *Note:A rejection at this level could signal a reversal or consolidation before further movement. - Bearish Scenario: Close below 1.2425 → Target: 1.2302. - Note: A break below 1.2425 would suggest a continuation of the downtrend, opening up the path...

J_Ngatia

GBP/USD Technical Analysis - Resistance: Price encountered resistance around 1.2500 on the daily timeframe. - *Note:A rejection at this level could signal a reversal or consolidation before further movement. - Bearish Scenario: Close below 1.2425 → Target: 1.2302. - Note: A break below 1.2425 would suggest a continuation of the downtrend, opening up the...

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- Daily Chart: - Price tapped into resistance at 1.2300 on Monday and broke through. - Bullish potential towards 1.2500 if we break and close above 1.2380. - Bearish scenario if price closes below 1.2232, targeting 1.2150. - H4 Chart: - 1.2300 is turning from resistance to support. - A break below 1.2230 would invalidate bullish outlook, shifting focus...

J_Ngatia Updated 

EUR/USD Technical Analysis: - Daily Chart: - Resistance around 1.0390 is turning into support. - A close below 1.0392 would bring bears into the market, with targets around 1.0271. - H4 Chart: - 1.0394 is a key support level. - A close below 1.0394 would signal bearish momentum, targeting further downside. - Alternatively, watching for a bullish push...

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- On the Daily Chart: - Support appears to be forming around the 1.2200 region, which could act as a floor for price movement. - If the price rises, 1.2300 could be a potential resistance level to watch for. - A close below 1.2154 could signal a bearish sentiment and lead the market towards the 1.2100 zone. - On the H4 Chart: - A close below 1.2174 would...

J_Ngatia Updated 

Market Analysis: Daily Timeframe I’m observing an interesting price action on the Daily timeframe. The market is currently bouncing off the support zone around **1.0298**, which had previously acted as resistance. This could indicate potential bullish momentum ahead. Bullish Scenario: - If the bulls maintain control, the next key resistance to watch is...

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--- **Market Analysis: Daily & H4 Timeframes** ### Daily Timeframe: On the Daily timeframe, I’m noticing that the price is bouncing off a **resistance turned support** around the **0.6200** zone. This could suggest potential for further upside. - The **next resistance** level to watch is around **0.6300**. - However, if we see a **close below 0.6281**, I...

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After the CPI release, resistance was formed around 1.0307 on the daily chart, with yesterday's close failing to push above this level. Meanwhile, support has been established around 1.0235. On the H4 Chart: - Current resistance is at 1.0344. - Immediate support sits around 1.0291. Possible Scenarios: - Bullish Continuation:If price closes above 1.0302, we could...

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Post CPI Analysis: Yesterday, we saw some notable volume as price pushed towards the daily resistance level around 1.2300. However, this resistance held firm, with bears stepping in and driving price back down toward support at 1.2215. Possible Scenarios: - Bullish Continuation (Pullback Scenario): If the support around 1.2215 holds and price begins to...

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EUR/USD Price Action Update (H4) 📈 Current Price: The pair is currently testing a key resistance level around 1.2210. 🔝 Bullish Scenario: - A break above 1.2210, followed by a solid close, could push the pair towards the next resistance level around 1.2300. 🔻 Bearish Scenario: - If the price fails to break above 1.2210 and faces rejection, we could see a...

J_Ngatia

GBP/USD Price Action Update: 📈 Current Price: The pair is currently hovering around key levels, with resistance, likely near the 1.2215 region. 🔝 Next Resistance: A break above 1.2250 could target the 1.2300 level, potentially opening the door for further bullish movement. 🔻 Downside Support: A strong support zone is seen near 1.2190 , providing a potential...

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Price Action Analysis: Key Levels at 2672 - Bearish or Bullish for This Commodity? Currently, price action around 2672 is encountering resistance, forming a potential hurdle for further upward movement. Here’s what I’m watching: Bearish Scenario: If the resistance at 2672 holds, there could be a move to the downside, with the next support zone around 2659. This...

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Price Action Analysis: 1.2200 Key Level - Bearish or Bullish? Looking at the H4 chart, price action is currently hovering around the critical 1.2200 level. Here's what I'm seeing: Bearish Scenario: If price continues to show rejection at 1.2200, we could see a drop towards the 1.2100 support zone, indicating potential bearish momentum. A failure to break above...

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Daily Perspective: Friday's close on the daily chart was bearish, with the price closing around the support level of 2493. This level is crucial as it has been tested and may continue to offer support. However, resistance has formed around the 2516 level, suggesting a potential barrier to upward movement. Traders should monitor these levels closely for any...

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Daily Perspective: On the daily chart, Friday’s candlestick closed bearishly, indicating potential resistance around the 1.3177 level. Despite this bearish close, we observe that the price has found support near the weekend close, suggesting a possible area of buying interest. The resistance at 1.3177 remains significant, and traders should monitor this level...

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A random trade.. Looking to buy this to the upper resistance level,

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Daily Perspective: On Wednesday, GOLD (XAUUSD) closed with a bullish candlestick, bouncing off a support level around 2480. This price action suggests that bullish sentiment is gaining traction in the market. The support at 2480 has held firm, and the bounce indicates that buyers are starting to assert themselves. The bullish close reinforces the idea that the...