forextidings

forextidings Updated 

Currently, AUDJPY is forming a contracting triangle on the corrective wave ((4)). Price has completed sub-wave (C), and sub-wave (D) is in progress. After completion of the (D) wave, the terminating wave sub-wave (E) will break the B-D trendline of the contracting triangle. Wave (D) can end nearby 78.6% retracement of wave (B). If the price breaks the B-D...

forextidings Updated 

EURCAD has completed corrective wave 4, and if the price breaks the parallel channel C, it may make a new low, which should be impulsive sub-wave 5 of wave (5). If price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156 . After making wave (5), if the price breaks the B channel, it can go for 1.4645 and start...

forextidings Updated 

Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)). Wave Formations: Wave ((1)) - Leading diagonal - Formed on extreme low - Termination sub-wave 5 is smaller than 3 Wave ((2)) - Zigzag - 50% of wave ((1)) - Ended near the sub-wave 4 of an impulsive wave. Wave ((3)) - Impulse (Five wave...

forextidings Updated 

Key levels: 47948 - 49290 Gold is rejecting uptrend and downtrend at the level of 47948 . And we don't see a powerful movement in the 2021 year, wherein it throwout the level of 49280 successfully. Here, you will have a strong support level, wherein we may decide about buying or selling. And it is the level of 47948 . Intraday traders can keep buying the...

forextidings Updated 

Price has broken the corrective structure and, we are riding on an Impulsive move. If the price breaks wave ((X)) at 3676, we can expect a new high. Target 1: 3298 Target 2: 3383 Target 3: 3490 Target 4: 3676

forextidings Updated 

If ETHUSDT is trying to make a new high, It has to cross above wave (X). I had published ETHUSDT's chart on 1st Oct 2022. Click here : It has touched the 3rd target. Will it go for the 4th TP? I will update further. Quote of the day: "Let the market commit to you first before you commit the market''.

forextidings Updated 

Advice For Day Traders: XAUUSD is not tradable between the range of 1766 to 1745 . They are trend changer levels. Gold's Simplified Trading Strategy: According to Elliott Wave theory, it was in a corrective wave. It has completed the ABC, and now gold can start marching for a new impulse phase. Therefore, we can expect the gold's target price 1782 - 1790+...

forextidings Updated 

Gold (XAUUSD) and silver (XAGUSD) has crashed in the previous week. Gold has lost -113.585 points ( -6.05% ), and silver lost -2.14315 ( -7.68% ). Millions of CFD's traders have lost money in that week. Where's gold's bottom? According to technical analysis and fundamentals research, gold can decline more. Gold has broken the strong support trendline (01) ...

forextidings Updated 

In June, XAUUSD and MCX Gold crash due to FOMC events. It has recovered almost 60% to 70% loss in the July month. Gold spot needs to break 1809 levels to retest support of 1793.6 - 1783.6 . These support levels will push the gold price higher. Gold isn't sellable until the breakout of 1766 ( strong support ). XAUUSD will touch 1858 - 1898 levels...

forextidings Updated 

PREVIOUS: ------------------- Weekly outlook of Gold Spot - WHAT'S NEXT: ---------------------------- Key levels: 1793.6 and 1783.6 According to my previous newsletter, my gold key levels will remain the same. It's not sellable until breakout the 1766 (strong support). In XAUUSD, buying pressures are increasing. We may see 1812 - 1824 - 1836+ ...

forextidings Updated 

Price has made significant Low at 20th august,2021. Extreme low has given us beautiful Impulsive structures. Wave ((1)) Wave Nature: Motive wave Type of motive wave: Impulse (Five waves) Wave ((2)) Wave Nature: Corrective waves Type of corrective pattern: Irregular or Expanded flat. Retracement of wave ((2)) : 50% of wave ((1)). Wave ((3)) Wave...

forextidings

Wyckoff was a pioneer in the technical analysis of the stock market in the early 20th century. He established the Stock Market Academy in 1930. The main course is to introduce how to identify the dealer’s process of collecting chips and the process of distributing chips/judge. Second and third, in the basic law of "causality", the horizontal P&F count within the...

forextidings

Gold has started collapsing nonstop after Nonfarm Payrolls data. And it stopped at my ' tested many times ' level. XAUUSD has recovered 50% almost in the previous week. The gold spot needs to break the 1793.6 level to start an uptrend. Afterward, it will go for 1806 - 1826 levels. And these levels can push the gold price up to 1900 . But if gold breaks...

forextidings

On 16 July, gold has crashed over 60$ during the FOMC event. At that time, Commodity Futures Trading Commission (CFTC) data was highlighting selling pressure. GOLD - COMMODITY EXCHANGE INC. FUTURES ONLY POSITIONS AS OF 07/27/21 (CONTRACTS OF 100 TROY OUNCES) | OPEN INTEREST: 500,187 NON-COMMERCIAL & COMMERCIAL...

forextidings

USD/JPY has made a high of 111.66 and took a U-turn. Its impulsive wave breaks at support trendline breakout. It can keep falling from the dynamic resistance trendline ( DRT ). We may see 109.54 - 109.15 - 107.48 soon. Don't sell after a breakout of DRT or 110.7 level. And do not forget to watch significant releases or events mentioned on the above chart...

forextidings

According to the 4H chart of USD/JPY, its uptrend can extend and touch the following target prices: 111.11 - 111.50 Invalidation: prices below ii or 50 MA.

forextidings

AUD/USD started to rise from the support trendline. And it's made the Elliott wave pattern on the daily time frame. After the ABC correction, now it's trying to hit 0.7660 - 0.7700 - 0.7800 . But what if it breaks the support trendline? If it starts to fall, the targets will be 0.7400 - 0.7360 .

forextidings

EUR/GBP has made the head and shoulders pattern on the daily timeframe. After breaking the neckline, it's moving to reach 0.8776 - 0.8700 . But if it starts to move upside by crossing the neckline, then it's a failure of the head and shoulders pattern. And targets are as followings levels 0.8906 - 0.8946 .