The Cable (GBP/USD) is currently at pivot and could potentially rise to the 1st resistance. Pivot: 1.2689 1st Support: 1.2607 1st Resistance: 1.2798 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 for all investors, so...
Been waiting for price to turn bearish. Its here now. so for the time being taking advantage of a pull back and will look for a entry for the sell during NY session and USD news.
Usd strength! After those talks of Eur rate cuts next week by Euro central bankers. Lower rates means less monies flow into the Eurozone for the Carry trade. USD is taking advantage of this and strengthening. Look at that shooting star candle on the Daily timeframe. What a pre-cursor to a massive selloff on the Eur today. The price action was giving us hints as to...
Key Points: Sell Entry: Consider entering a short position around the current price of 1.2750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2720 2nd Support – 1.2680 Stop-Loss: To manage risk, place a stop-loss order above 1.2810 This helps limit potential losses if the...
USD/CNH: BofA’s Caution, JPM’s Warnings Bank of America (BofA) has expressed caution about betting against the US dollar in the face of recent improvements in sentiment towards China's economic policy stimulus. Recent policy actions by China have sparked optimism, leading to a weakening of the USD. However, BofA advises against making hasty financial moves based...
EURUSD is in a bearish and descending channel on the daily and weekly timeframes. Next major drop will occur with a break and close below area 1.05 and with a target to the lower channel and the supply support zone at area 0.85.
USDCHF is borderline bullish on its 1D technical outlook (RSI = 57.216, MACD = 0.002, ADX = 24.748) but still inside the 2024 Channel Up. As long as the 1D MA50 supports, we will stay bullish along with the trend, especially since the 1D MACD formed another Bullish Cross. Despite the presence of the R1 level, the bullish waves of the Channel Up have been clear and...
Hello traders: This is intraday analysis for EURUSD: The mid-term channel is bullish and we are around a good place to see pressure of buyers. On the other hand, the bullish short-term channel is broken but we are far enough from it. I'm searching for longing the pair around the current zone 1.0845. my first tp could be around 1.08550 and the final TP is...
AUDUSD - 24h expiry The medium term bias remains bullish. The selloff has posted a correction count on the daily chart. Previous resistance level of 0.6650 broken. A lower correction is expected. Setbacks should be limited to yesterday's low. We look to Buy at 0.6625 (stop at 0.6601) Our profit targets will be 0.6685 and 0.6695 Resistance: 0.6680 /...
Welcome, Trader. Welcome to our cryptocurrency community! 🚀We are delighted to welcome you, whether you are an experienced trader or a newcomer to cryptocurrency. We are going to discussing #BELUSDT 💹 #BBELUSDT 🔥🚀 --------------- Update: #BEL formed a triangular pattern over a 6Hr time frame 👉✅. Breakout and retest confirmation are done✅🎯. We are expecting a...
### Weekly Market Outlook Monday: The week begins quietly with a U.S. bank holiday in observance of Memorial Day, leading to subdued financial markets. Tuesday: Focus shifts to Japan for the release of the BoJ core CPI y/y. In the United States, the CB Consumer Confidence data will be closely monitored. Wednesday: Key inflation data from Australia will be...
The USDCAD pair gave us a wonderful sell trade on our last analysis (April 17, see chart below) as we caught the exact moment of the rejection and reversal of the 4-month bullish trend: The price has now broken below not just the (dotted) Channel Up but closed below the 1D MA50 too, confirming the trend shift to bearish. As you can see on this 1W chart, the...
As the inflation is near 2% in Poland, yet the Interest Rates were not cut for a while, I am expecting big positioning in favor of US Dollar. Unstable situation in the region is also a + for this trade idea. The stop loss for me is 3.895 and I am looking to take partials at 4.05, 4.10 and targeting 4.20 for USDPLN.
Simple trading - Bearish Pattern 1: Slanted Head and shoulders Bullish Pattern 2: Ascending Triangle Always a risk when taking trades and this is one of the biggest. Will BTC continue its rapid uptrend or will it make another major pullback to the downside? Bears: H&S pattern is not completely invalid yet. If BTC continues to create a higher high or move...
BTC/USD is rising towards a resistance level which is a pullback resistance that is slightly above the 50% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 69,495.60 Why we like it: There is a pullback resistance level which is slightly above the 50% Fibonacci retracement. Stop loss: 71,357.33 Why we like it: There...
ADA/USD is falling towards a support level which is an overlap support and could potentially bounce from this level to our take profit. Entry: 0.4468 Why we like it: There is an overlap support level. Stop loss: 0.4338 Why we like it: There is a pullback support level which lines up with the 88% Fibonacci retracement. Take profit: 0.4716 Why we like it: There...
Dow Jones (US30) falling towards the pivot which is an overlap support and could potentially bounce to the 1st resistance. Pivot: 38,561.70 1st Support: 38,394.17 1st Resistance: 39,041.44 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...
XAU/USD is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2,373.83 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 2,396.28 Why we like it: There is a pullback...