Technical Analysis:
I decided to go long on EURGBP today based on some promising signals I saw on the 30-minute timeframe. The price broke the downtrend momentum with a solid bullish candle closing at 0.85474, which gave me confidence in a potential reversal. I intend to enter my buy position at 0.85394, anticipating further upward movement there...
"The CAD/JPY pair is showing a clear bullish trend today, backed by both technical and fundamental analysis. From a technical standpoint, we've seen a decisive break above the resistance level at 111.421, which has now turned into a supportive floor. This breakout suggests that buyers are in control and are propelling the price upwards. Additionally, indicators...
Based on my analysis of today's market trend for XAU/USD, it seems there is a strong reversal bearish candle on the daily timeframe. I anticipate that the price will head down to the 2152 mark and potentially break below it, aiming for the 2146 level.
Taking this into consideration, here's today's XAU/USD analysis:
Today's XAU/USD analysis suggests a bearish...
Yesterday, I entered a short position on USD/JPY around the 149.82 area and set my take-profit level at 148.291. The decision to short the pair likely stemmed from technical analysis indicating a potential downward movement, possibly supported by fundamental factors.
The drop in USD/JPY could be attributed to several market developments. One significant factor...
Im predicting the SELL ZONE is somewhere at the Resistance Level of 1812.00 area. Swing trade right down to 1756.10. Any constructive comments or thoughts on this. :)
