Hello dear traders! On the 2-hour timeframe we see a trend change, then the market moves into a correction and distribution phase and reaches 2355 USD. Accordingly, the USD 2350 resistance area continues to hold the price amid correction and sell-off. I expect that after a retracement and retest of local liquidity areas, the price reaction to liquidity areas will...
Dear traders! Earlier we saw the bulls' attempt to maintain a gradual rise towards the 1.0900 level. However, the Pair retreated after the unsuccessful attempt, mainly due to the strengthening of the US Dollar (USD), dragging EUR/USD to a new 5-day low near the 1.0820 region. Looking ahead, relatively weak economic fundamentals in the Eurozone, coupled with the...
Dear traders! In general, after successfully breaking the resistance level above the Symmetrical Triangle channel, the price has confirmed and the recovery momentum has increased in materialization and distribution. It is now aiming to test local highs, but the upside momentum still looks likely to lack momentum before strengthening further. At this point we are...
Dear traders! As Conan predicted earlier, the GBP/USD pair remains well supported across the price channel amid hotter-than-expected UK CPI inflation data, reducing interest rate cut bets on June from the Bank of England. So the lack of change from yesterday's session above 1.2720 on Thursday and the consolidation above 1.2700 in time should not come as too much...
Hi everyone, In last 2 days ETH price increased on over 20% and there is a good chance that this rise will continue. Ethereum price is rising amid rumors about possible ETH ETF which might be approved by the end of this month. I just opened ETH UP position at 3750 price with 5x leverage on Fybit trading platform. Target for this trade is previous local high at...
Dear traders! Overall, after gold updated its new ATH at 2450 USD, gold experienced a pullback to 2375 USD. Break of previous previous consolidation above $2400. Amid slowing inflation, Fed officials kept a cautious stance on interest rate policy and extended the duration of interest rate cuts longer. Gold prices have begun to experience downward pressure. From...
💹 Let's dive into analyzing GALA , a cryptocurrency that might soon be a valuable addition to our portfolio. 📅 Weekly Time Frame Analysis: In our weekly analysis, GALA is still trading within a defined range, with support at $0.01257 and resistance at $0.06962. This range has held for approximately 700 days. Recently, the price rallied from $0.02080, with...
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2352 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2352 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66100 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.66100 support and resistance area. Trade safe, Joe.
Dear traders! On the 1D timeframe, gold confirmed a correction to the liquidity zone after updating its ATH. The $2,400 liquidity zone probably remains a solid support level for continued bullish support. However any false breakout could see gold retreat deeper possibly to the 2375 area with the aim of consolidating before strengthening further above the latest...
BUY ABOVE - 47990 SL - 47860 TARGETS - 48110,48250,48460 SELL BELOW - 47760 SL - 47860 TARGETS - 47580,47400,47200 NO TRADE ZONE - 47760 to 47990 Previous Day High - 48110 Previous Day Low - 47400 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Hello dear traders! GBP/USD maintained stability at 1.2700 early Tuesday after remaining largely unchanged during the week's opening session. While the technical outlook still suggests a continuation of the uptrend, the pair's price action could remain difficult ahead of key inflation data from the UK on Wednesday. Technical analysis: The bullish outlook is...
Hey Traders, in today's trading session we are monitoring USDMXN for a selling opportunity around 16.67 zone, USDMXN is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 16.67 support and resistance area. Trade safe, Joe.
BUY ABOVE - 22640 SL - 22590 TARGETS - 22710,22780,22830 SELL BELOW - 22550 SL - 22590 TARGETS - 22500,22440,22350 NO TRADE ZONE - 22550 to 22640 Previous Day High - 22640 Previous Day Low - 22500 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
We expect further bullish prices in the S&P 500, ESM 2024. After the FOMC Meeting Minutes, yesterday, the daily candle closed bearish, but above 5315, which indicates further bullish prices on the daily. We will be therefore looking for bullish tradesetups today and further until proven otherwise. However, we will have to see if good setups form, since price...
Hello friends! The EUR/USD pair hovered around the 1.0850 mark for the second straight day on Tuesday, with the US Dollar edging higher amid worsening market sentiment. However, the pair still refuses to leave its comfort zone as data and policymakers' words are not enough to convince speculative interest. The United States (US) macroeconomic calendar has nothing...
Hello all of you! Gold prices retreated during Tuesday's North American session after hitting an all-time high of $2,450. However, it fell below the April 12 high of $2,431 as the greenback recovered somewhat. XAU/USD trades around $2,420, after hitting a high of $2,433. Fundamentally, in the short term, gold may continue to be affected by bearish market...
A recent bullish violation of a key daily resistance on EURJPY makes me think that it has a nice potential to go up again. The broken structure now turned into support. The price may reach 171.0 level soon. ❤️Please, support my work with like, thank you!❤️