On GBP/USD, we have a price that is within a buying range, between the levels 1.2340 and 1.24. Currently, my objective is to look for a structural breakout on M15 during the London session at opening and closing, and during the New York opening. The price could reach the selling range at the 0.38% Fibonacci level at 1.2435 and then test the second selling range at...
TD Sequential formed an up reversal signal (4H TF) Price has fixed above 50EMA (1H TF) Volumes indicate active buying. RSI is in the bullish zone. I expect the price to rise.
The EURUSD pair has been trading within a Channel Down pattern since the July 27 High. So far it has only made two Lower Highs touching its top and we may be starting the sequence that might complete the 3rd. On the short-term we expect the 4H MA50 (blue trend-line) to be tested and the target on our current buy is 1.0700. That is still below the Inner Lower...
Morning folks, Situation has not changed significantly since Thu update. We still keep our short-term upside target around 27.4K. Now price is coiling around 4H K-resistance after completion of COP target (0.618 AB-CD extension). Here we have two bullish signs. First is - tight standing right under the level suggests attempt of breakout. Second - we have...
Chainlink (LINKUSD) hit today the 1D MA50 (blue trend-line) for the first time in more than a month after a Double Bottom just above the 1.5 year Support Zone. This rebound has been accomplished after the 1D MACD formed a Bullish Cross within the Buy Zone and rebounded. Every time such a MACD rebound took place, the price has always hit $8.00. That is our buy...
General Motors Company (GM) has completed 3 days of trading above the 4H MA50 (blue trend-line), with the 4H RSI almost 60.00. The long-term pattern is a Triangle and the recent Double Bottom was within the Higher Lows Zone that is in place since July 05 2022. Every time the price broke above the 4H MA50 after a 4H RSI oversold bounce on Higher Lows, we had a low...
The week ended with the bullish formation of a large candle closing above the two previous day highs. This suggests that we might see some bullish moves next trading week. It is worth noting that the U.S. dollar index is rising; however, it seems the correlation between gold and DXY recently weakened, as it will occasionally. Next week, I expect a mostly choppy...
The EURJPY pair has been trading within a Channel Up pattern since March. The price is currently on the 1D MA50 (blue trend-line) at the bottom (Higher Lows trend-line) of the Channel Up. As long as the pattern holds (bottom intact, closing 1D candles above it), we have the opportunity for a low risk buy to target the Internal Higher Highs trend-line at...
The price has tested the resistance zone, and it formed a double top after the 2 attempts to break the zone. The market has not updated its highs yet. On the daily timeframe, the market is bullish. You can see that the market is barely updating highs, and this suggests that the market may pullback from the resistance zone. Overall, the market is slowing down...
EURNZD broke and closed below a key horizontal support last week. We see its retest now. The price was consolidating for some time within a narrow range on the hourly time frame within the broken structure. The support of the range was broken then. I believe that the pair will keep falling. Goals: 1.801 / 1.796 ❤️Please, support my work with like, thank you!❤️
Hi Traders! EURUSD has reached its 3-month low, and there is likely to be a support bounce from here, which could mean a potential double-bottom chart pattern opportunity for long entries. Price Action 📊 There is a lack of bearish momentum to break the three-month low at 1.06352; therefore, it is very likely there is a lot of bullish demand at this...
The market broke through range zone and made new extension down. The price is heading towards the main support at 1.06000. I look forward to pullback to the resistance zone and if price makes a fake break at support (weekly low) level, I think price may bounce off the support because price made big bullish move from this support and the price shows divergence. I...
– Previous Weekly candle closed weak Bullish around 1923.800 forming weak Weekly Support around 1919.200, Friday Daily candle closed strong Bullish around 1923.900 above recent Daily Resistance formed on 12th September 2023. – Buys on close above 1928.800 targeting 4h Resistance formed around 1934.000, Leaving Runners to the next 4h strong Resistance formed around...
– Previous Weekly candle closed Bearish at 183.050 breaking out of the recent Weekly Consolidation Zone, Friday Daily candle closed weak Bullish forming weak Daily Support around 182.980. – Buys on close above 183.300 targeting 4h Resistance formed around 183.850, Leaving Runners to the Daily Resistance formed around 184.180. – Sells on close below 182.770...
✅SILVER has retested a key resistance level of 23.3$ And as the pair is already making a bearish rebound A move down to retest the demand level below is likely at around 22.86$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅EUR_USD fell down sharply But a strong support level was hit at 1.0634 Thus as a rebound is already happening A move up towards the target of 1.070 shall follow LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CRUDE OIL is going up Due to the fundamental Reasons but it is now Overbought locally and A resistance of 93.56 is Ahead so I will be expecting A local correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
On USD/CAD, we have a bearish setup with the price at the 1.3520 level. This week involves a lot of data regarding the US and Canadian dollars. The goal will be to look for a long position, as the price is currently in a bearish channel after breaking some swing lows. I will look for a long position on the 15-minute chart during tomorrow's New York session. My...