ProTradeSignals

ProTradeSignals

I observe a potential false decline in Light Crude Oil (CL). It may be prudent to consider entering a long position around the $90 area, anticipating a reversal. A possible exit strategy to lock in profits could be implemented in the vicinity of the $100 area." Make sure to conduct your own research and adapt your strategy to the current market conditions and...

ProTradeSignals

Bearish EMA setup: The 50-period EMA is below the 100-period and 200-period EMAs, signaling a potential downtrend. Trade Plan: Entry: Consider entering a short position if CAD/JPY falls below the 50-period EMA at 110.272. Stop-Loss: Place a stop-loss above the 100-period EMA (110.162) or recent swing high. Take Profit: Target a support area near 109.800 for...

ProTradeSignals Updated 

Our recommendation is to take a long position on gold, as the current trend is highly bullish and approaching the previous high of around 2065. However, it's important to consider the past data and predict the market behavior before making a trade. The resistance line at the price level of 2000 to 2010 is quite strong and may cause a break of the bullish channel,...

ProTradeSignals

Based on the analysis and forecast of natural gas , the trend line has experienced an upward break. As a result, there is an anticipation of a continuation of the bullish trend , which may lead to the price reaching the 3.000 level. As per the forecasters, the massive spring storm from the western US is likely to generate severe weather conditions across a...

ProTradeSignals Updated 

GOLD trade idea BUY! Name Value Action Relative Strength Index (14) 34.30 Neutral Stochastic %K (14, 3, 3) 6.31 Neutral Commodity Channel Index (20) −102.27 Buy Average Directional Index (14) 33.67 Neutral Awesome Oscillator −53.95 Neutral Momentum (10)

ProTradeSignals

GBPJPY has been gaining ground, but recently experienced a pullback after reaching its rejection region of 166.00. Momentum indicators suggest bullish forces are still in control, and a clear close above the 200-day SMA could revive hopes for further upside moves, including a possible second bullish breakout from consolidation.

ProTradeSignals

Based on the analysis of an upward moving channel in GBP/JPY, and the expectation that it will touch the support line at 163 and then move up to 166, a potential long position recommendation could be considered. If the price action of GBP/JPY confirms the upward channel, traders and investors may look for a buying opportunity at or near the 163 support level,...

ProTradeSignals

the actual GDP growth rate QoQ in Australia is lower than the forecasted rate, the AUDUSD exchange rate could potentially be bearish. This is because the lower-than-expected growth rate may lead to a decrease in investor confidence in the Australian economy and its currency, causing traders and investors to sell AUD and move towards other currencies, including the...

ProTradeSignals

With the looming threat of a military clash between Israel and Iran, the global oil market could be on the verge of a major disruption, leading to an unprecedented spike in fuel prices. As the tension between the two nations continues to escalate, experts warn that an attack by Israel on Iran's nuclear facilities could have dire consequences, pushing the price of...

ProTradeSignals

Consider a short position in EURAUD with an entry point at 1.57424, a take profit level at 1.56265 for a potential profit of 118 pips, and a stop loss at 1.58361 to limit potential losses. The upper resistance level at 1.57444 suggests a potential downward movement of around 80 pips, with an additional potential downward movement of around 120 pips to the level of...

ProTradeSignals

Based on technical analysis, a short position in XAGUSD could be recommended following a bull trap at 21.500. The suggested entry point is 21.500, with a take profit level at 19.900 and a stop loss at 22.100. A bull trap occurs when an upward trend reverses course and leads traders to believe that the price will continue to rise, only to fall below a key support...

ProTradeSignals

Based on technical analysis, a long position in EURJPY could be recommended as the trend is expected to cross the nearest resistance line at 143.920 and potentially reach the last resistance line at 147.500. With the trendline approaching the nearest resistance level, traders could consider a long position to take advantage of the potential upward movement. The...

ProTradeSignals

A technical analysis of a trendline breakout and subsequent retest indicates that a short position on HG futures could be a favorable option at present. Copper prices dropped to their lowest point in almost seven weeks on Friday, due to a stronger dollar and weakened demand in top consumer China. The rising value of the dollar made metals more expensive for...

ProTradeSignals

According to technical analysis, a long position for AUDNZD could be considered a good idea at this time. The entry point for this position is 1.08820, with a take profit level of 1.09405 and a stop loss at 1.08617. Despite being down 0.8% for the week, the Australian dollar has found support around the 200-day moving average of $0.6801 and a major chart level at...

ProTradeSignals

This is a technical analysis for the USDJPY currency pair with a forecasted trade recommendation to sell. The entry point is at 1.43950, with a take-profit order set at 1.42619 and a stop-loss order at 1.44606. The forecast for the USDJPY currency pair is bearish, with a recommendation to sell the pair at 1.43950. The take-profit order is set at 1.42619, I'm...

ProTradeSignals

This is a technical analysis for the USDJPY currency pair with a forecasted trade recommendation to sell. The entry point is at 138.683, with a take-profit order set at 130.012 and a stop-loss order at 141.659. The forecast for the USDJPY currency pair is bearish, with a recommendation to sell the pair at 138.683. The take-profit order is set at 130.012,...

ProTradeSignals

USDCAD Analysis (Short)USD/CAD: Nervous Highs as Critical Data and Volatility Loom

ProTradeSignals

Buy CL at a price of 74.25, with a stop-loss order set at 73.50, and a take-profit order set at 75_40