Economists at Deutsche Bank forecast that EUR/USD could reach 1.10 by the end of June 2023. They also see potential for a more restrictive eurozone monetary policy stance than currently priced in, especially in 20231. Recent statements from ECB President Christine Lagarde and economic data have supported the strengthening of the euro, which has recovered from a...
The market is expected to remain volatile, with both buyers and sellers becoming more aggressive over time. However, there appears to be more buying pressure than selling pressure at present, especially as the Bank of England continues to combat major inflation.
The currency may target the 1.2550 level, although substantial resistance is expected at this level....
If you're considering taking a long position on the NASDAQ 100 index (often referred to as NAS 100), it means you anticipate a bullish movement in the index. The NASDAQ 100 represents the performance of the top 100 non-financial companies listed on the NASDAQ stock exchange.
A "neutral position" in trading typically refers to a stance where a trader or investor does not have a specific bias or directional view on the market. It means they are not actively taking a bullish or bearish position on a particular asset or market.
An uptrend refers to a market condition in which the price of an asset, such as a stock, commodity, or currency pair, is consistently moving in an upward direction over a sustained period of time. It is characterized by a series of higher highs and higher lows on the price chart.
In an uptrend, buyers are generally more aggressive than sellers, driving the price...
I am taking a long position on EURUSD (Euro against the US Dollar). My target for profit is set at 1.078, while my stop loss level is placed at 1.069. This trade assumes that the value of the Euro will increase against the US Dollar, and I will close the position when the price reaches the take profit level or if it reaches the stop loss level to limit potential losses.
Hello everyone, I'd like to share my trading idea focusing on GBP/USD. I am planning to open a buy position in this currency pair. My strategy involves entering the trade when the price reaches a specific level that I have identified as an entry point. Once I'm in the trade, my target is to reach a take profit level of 1.239. If the price reaches this level, I...
Hello everyone, I want to share my trading idea with you. I am looking to open a buy position in the market. My plan is to enter the trade when the price reaches a specific level that I have identified. Once I'm in the trade, I have set a take profit level at 1960. This means that if the price reaches 1960, I will automatically close the position and lock in my...
In this trading idea that I've shared on TradingView, I plan to open buy or sell positions based on the attainment of specific price levels. If the price reaches a certain level I've set, I will choose to buy, while if it reaches another level, I will opt for selling. Essentially, I aim to capitalize on price movements to generate profits in the financial market....
