Price is falling towards a support level which is an overlap support that lines up with the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 0.5058 Why we like it: There is an overlap support which aligns with the 61.8% Fibonacci projection. Stop loss: 0.4833 Why we like it: There is a pullback support level which aligns...
DOG/USD has just bounced off the support level which is an overlap support that is slightly above the 50% Fibonacci retracement and could rise to our take profit. Entry: 0.1564 Why we like it: There is an overlap support level which is slightly above the 50% Fibonacci retracement. Stop loss: 0.1482 Why we like it: There is a pullback support level. Take profit:...
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 Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse from this level to the 1st support. Pivot: 2,360.43 1st Support: 2,325.31 1st Resistance: 2,373.40 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...
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...
Key factors for EUR/GBP trade next week With a European Central Bank (ECB) decision due next week, a trade in the GBP/EUR could be of interest. Presently, the EUR/GBP is trading at the lowest rate since August of 2022. The divergence in monetary policy between the ECB and the Bank of England (BOE) is what could be driving this weakness in the EUR. E ECB...
XAUUSD has broken the downtrend line and successfully crossed it, followed by a perfect pullback. This suggests potential bullish momentum. Now, the price is poised to rise towards the resistance zone around $2365. For a sustained upward movement, we need to analyze the price response at the resistance zone. If it breaks above this resistance convincingly, it...
EURUSD Techncial analyse The price reached the price we mentioned in the previous idea, it was the upper of the channel. Now, after touching the support line the price rebounded and will continue the bullish trend toward 1.08800 and then should break that to get 1.0917 and 1.09575 stability under 1.0796 means will start a bearish trend toward 1.0707, ...
SELL POSITION USD INDEX ENT : 104.928 SL : 105.075 TP : 104.63 1- to day news + sentiment 2- please trail sl after 10 pips
Hi. I am bearish on EURUSD now as it reached the price I was interested to open short. Interest Rate cut for EUR is coming in June, the dollar should start reversing around now. CFTC reported recently more commercial shorts compared to longs (attached). Stop loss on chart. Target 1: 1.081 Final target on retest of flip zone.
Selling opportunity on GBPUSD - analysis of the GBPUSD Open: 1.2769 SL: 1.2840 TP: 1.2526
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced from the support level, which coincided with the support area, and rose to the resistance area. Also then, Gold started to decline inside wedge, where it fell until to support line of this pattern, breaking $2310 level. Then price made...
SELL POSITION USD INDEX ENT : 104.928 SL : 105.075 TP : 104.63 1- to day news + sentiment 2- please trail sl after 10 pips
USD/CAD has just reacted off the resistance which is a pullback resistance and could potentially drop from this level to our take profit. Entry: 1.3734 Why we like it: There is resistance level which is a pullback resistance that aligns with the 76.4% Fibonacci projection. Stop loss: 1.3762 Why we like it: There a pullback resistance level which aligns with the...
Bitcoin (BTC/USD) has just bounced off the pivot and could rise to the 1st resistance which is a pullback resistance. Pivot: 67,109.07 1st Support: 65,171.62 1st Resistance: 70,431.38 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...
USDCHF is currently testing a key daily horizontal support. To buy this structure with a confirmation, pay attention to an expanding wedge pattern on a 4H time frame. Your confirmation to buy the pair will be a bullish breakout of the resistance line of the wedge. A bullish continuation will be expected at least to 0.9155 then. If the price drops below the...
The Fiber (EUR/USD) is currently at the pivot which acts as an overlap resistance and could rise to the 1st resistance. Pivot: 1.0793 1st Support: 1.0742 1st Resistance: 1.0842 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...