Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible. Manage your capital correctly and competently! Only enter trades based on...
Gold prices temporarily halted their recovery streak as the USD increased slightly, in addition to the FED's hawkish comments, and stronger-than-expected US economic data reduced expectations of a FED interest rate cut in September. This creates momentum for the USD to put pressure on gold. On the other hand, geopolitical tensions and instability may promote gold...
EUR/USD fell sharply on Wednesday, returning to the 1.0800 degree after broad-primarily based totally danger urge for food disappeared. The pair is buying and selling firmly inside technical resistance as buyers put together for a sequence of mid-variety European financial signs on Thursday, observed with the aid of using an replace on Gross Domestic Product...
The recent short-term uptrend is showing signs of reversing when gold prices have dropped more than 4% from the historic peak of 2,450 USD, set just a few trading sessions ago. This adjustment shows that investor psychology is changing, as buyers tend to take profits and look for investment channels with higher profitability. Tonight, 19:30 Vietnam time, the US...
World gold price (XAU/USD) increased slightly to close at 2,343 USD after the second preliminary estimate of US Q1 GDP growth rate showed stagnation, increasing market expectations for Fed's future rate reduction. Meanwhile, recent negative technical news along with hawkish comments from Fed officials are still weighing on market sentiment. However, many experts...
GBPCHF price is in the resistance zone. 1.16539-1.17048 If the price cannot break through the 1.17048 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
AUD/USD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 0.6643 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 0.6677 Why we like it: There is a pullback...
EUR/USD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.08524 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.08838 Why we like it: There is a pullback resistance...
The Loonie (USD/CAD) has bounced off the pivot and could potentially rise to the 1st resistance level which is a pullback resistance. Pivot: 1.3661 1st Support: 1.3615 1st Resistance: 1.3723 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may...
EUR/JPY has reacted off the pivot which has been identified as an overlap support and could rise to the 1st resistance. Pivot: 169.40 1st Support: 167.40 1st Resistance: 171.57 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
Hello Traders and Investors, today I will take a look at EurUsd . -------- Explanation of my video analysis: EurUsd has been trading in a descending channel formation for a very long period of time. At the moment EurUsd is once again retesting the upper resistance in confluence with a horizontal structure so there is simply a higher chance that we will see a...
CADJPY looks very strong, after a test of a key support. The price formed a double bottom pattern and broke its neckline. With a high probability, the market will reach 115.0 level soon. ❤️Please, support my work with like, thank you!❤️
As we talked in the previous analysis: The Price Has Pulled Back to The Resistance Line. At the moment, the market reached the resistance level (1.08375 - 1.08851) and failed to break it ! The price formed a new double top pattern. So Let's expect the bearish scenario: if the market breaks the neckline and closes below that! We will see a bearish move...
After falling and hitting the level of 1.06950 which was mentioned in the previous analysis (I will post the link below) and I expected it, it started to correct and become more expensive in the M W and D time frames and we witnessed a price correction and this The correction movement lasted 30 days, so we had a time correction I think the euro is getting ready...
NZDUSD analysis 1 hour time frame The price can move up to the top of its 1-hour range and continue to fall from there.
AUDUSD analysis 1 hour time frame The price can move towards the ceiling of the 1-hour demand area in return to the 1-hour FVG
Analysis of GBP Time frame of 4 hours From these ranges, the price can drop to the range of 26,500
In the world market, analysts believe that world gold prices will decline after an official of the US Federal Reserve (FED) commented on monetary policy. This person believes that high US interest rates will be kept stable, or even increased if necessary. Immediately, the currency market reacted. The USD increased in price compared to many other strong...