The ECB are expected to cut their benchmark rate for the first time in 8 years in a few hours. Yet as it has been so well telegraphed and they seem unlikely to provide promise of further cuts just yet, we suspect upside potential for euro pairs once the dust has settled. And with Wall Street at new highs and appetite for risk on the rise, EUR/JPY looks good for...
Hello Everyone, The AUD/JPY pair is currently a strong buy, although sellers are now entering the market in large numbers. We've found support at the 1-month Pivot Point (PP), and further upside is anticipated despite the significant presence of sellers. The overall trend remains heavily bullish. TradeWithTheTrend3344
Hello Everyone, USD/CAD is currently a strong buy, but it's essential for the price to remain above the 1-month/1-week pivot point to see further upside potential. TradeWithTheTrend3344
Hello Everyone, The NZD/USD pair is currently testing the one-year pivot point (1Y PP). If this level acts as resistance, we can expect a downside movement from here. Conversely, if it breaks through, further upside potential may precede the eventual decline. In the long term, NZD/USD is definitely a sell and is anticipated to enter bearish territory soon. ...
Hello Everyone, The AUD/USD is currently fluctuating, unable to decide on a clear direction. Recent highs have been tested and rejected once more. There appears to be some bearish movement developing, and it's only a matter of time before it fully takes effect. TradeWithTheTrend3344
Hello Everyone, The USD/CHF pair has experienced a significant decline and is currently approaching the crucial 1M support level. Given the current conditions, there is a strong likelihood that the bearish trend will persist. TradeWithTheTrend3344
Hello Everyone, Despite the recent rise in GBP/USD, the long-term outlook remains bearish. Currently, we anticipate a movement towards the 1-year pivot point (1Y PP). TradeWithTheTrend3344
If we haven't already topped, I think the upside is limited here. Price is currently at $71k and if we get a move higher, I think price would top out at $ 78k-$ 81k for this cycle. I see a few different scenarios from here that can play out. 1. Price tests $ 48-52k from here, we rally quickly from there but then roll over and see new lows below where we went in...
Contrary to what everyone believes is going to happen: "We're going to see a new ATH by the end of 2024 then we decline after" "There's no way they're going to let the market fall in an election year" I think we're about to start a historic correction to retest the lows from covid. Since October, price action has gone parabolic, and normally when parabolas...
Hello Everyone, The USD/JPY pair has recently found support above the 1-month pivot point (1M PP). Despite this, the long-term outlook remains bearish, even though it might not seem so at the moment. Before moving downwards, there is a high probability that the 1-week pivot point (1W PP) will be tested again. TradeWithTheTrend3344
Greetings! there is a resistance forming between 704 and the highest value registered this week. In case of consolidation, this levels could trigger a retracement to the lower levels depicted in red. There is an interesting range formed from 637 to 622 in which buy limit orders could be placed in case that the price gets a rejection here. This forecast gets...
Hello Everyone, EUR/USD is currently a long-term sell after being rejected by the 1-year Pivot Point (1Y PP). The next significant obstacle will be the 1-week Pivot Point (1W PP). Let the bearish trend begin! TradeWithTheTrend3344
Hello Everyone, XAG/USD has found support above the 1M PP, which is a very positive sign! Despite a recent sharp decline, the outlook for silver remains promising. In the long term, we anticipate further upside potential. TradeWithTheTrend3344
Hello Everyone, XAU/USD has found support at both the daily and monthly support levels. The key level to watch now is the 1-month pivot point (1M PP). If the price consistently holds above this pivot point, it indicates a likely continuation of the bullish trend. However, strong selling pressure is currently in play, with sellers aiming for a retest of the daily...
Further to our last forecast, price continued in the expected direction and reached our identified target. Price has now reached the daily resistance, so now we await confirmation of a retracement, or a continuation pattern in order to determine our next move.
Price just landed on the 3 level. A psychological and technical support. There is no setup yet but it has bounced up very hard from that level before and now is clear in an short term uptrend. I think is going to test the 4.8 level soon.