AUD/USD is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.6644 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 0.6594 Why we like it: There is a pullback support level which lines...
S&P500 (US500) is falling towards the pivot which acts as a pullback support and could potentially bounce from this level to the 1st resistance. Pivot: 5,275.81 1st Support: 5,203.86 1st Resistance: 5,379.39
The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter. GDP declined by 2% y/y in the first quarter, following a revised 0% reading in Q4 2023. This was weaker than the market estimate of -15.%. On a quarterly...
Xauusd looking for correction mode still in buy side but correction needed at the moment... small risk we have to take he risk
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2608, which is a pullback support close to 38.2% Fibo retracement Our take profit will be at 1.2667, a pullback resistance. The stop loss will be placed at 1.2534, which is an overlap support level close to 61.8% Fibo retracement
Gold message surface analysis: On Friday (May 17), the ICE Dollar index rose 0.15% late Friday to 104.642. Gold rose 1.09 percent to $2,408.09 an ounce. On a seasonally adjusted basis, the U.S. Consumer price Index (CPI) rose 3.4% in April from 3.50% in March, in line with expectations, according to a report released by the Bureau of Labor Statistics on...
Before the end of 2024 we will reach a new ATH @ around 110k. The next months we will rocket!
I think we're in a long wave of the overall wave. However, it may be a long reaccumulation phase before we reach wave 5, which will be a very high phase. An ambitious end to this wave could be a sell-off/rally to 2075 before it surges (can't go below Wave 1), and my Wave 5 forecast can reach Fibonacci levels of 1.618-8648 or 2.618-13442. Good luck!
The "EMA 8 and VWAP Strategies" are designed to identify the best entry and exit points for trend markets. The strategy utilizes the synergies of two exponential moving averages (EMA) and volume weighted average prices (VWAP) to provide clear buy and sell signals. EMA 8: A short-term moving average that responds quickly to price changes. Moving Average 16: The...
Analysis strategy: Trading for 4 hours long offload + inside bar break Entry :197.740 Stop :194.950 trace to 195.600 p: 198.350 R:R = 1:1.14 The second item in FVG: @196.300
On the chart it's gone up 7 points in 7 weeks or 49 days. After rising for 14 days. A possible delay to June is something to consider.
Eurusd is expected to consolidate until we reach the bullish marker area. You can also expect a smaller pullback, and then the bulls.
NZDUSD 4 Hrly chart, looking to short up hear near the highs
Good weekend, guys 1. Direction: sanguine 2. Reasons: 1. Prices have hit a recent high 2. Huge upward displacement 3. Prices are shifting from ERL to IRL Daily newspaper: 1. Direction: sanguine 2. Reasons: 1. Prices respect daily FVG 2. The upward displacement is good 3. Prices are moving to FVG weekly 4 h: 1. Direction: sanguine 2. Reasons: 1. The upward...
The general trend is upward, but according to the structure of a TB position
Hello, traders, My analysis this week for EUR/USD is that we are forming a declining triangle pattern in all high times from 4 hours per month to reach the key supply zone of 1.08921 as a rest and retest the weakness and head to the key deman level of 1.06689, if we break this support then we should extend the downside and retest the makor water Flat 1.04669, has...
In terms of geopolitical events, like the helicopter crash involving the Iranian president, such incidents can create uncertainty in global markets. If the president died accidentally, the market reaction might be moderate, reflecting general instability concerns. However, if it were discovered he was killed intentionally, this could escalate tensions...
Doge lags behind Bitcoin, but seems to be forming a nice upward lane. Looks like a nice long shot