Here is my latest structure analysis and important key levels to focus on EURUSD next week. Resistance 1: 1.0880 - 1.0896 area Resistance 2: 1.0921 - 1.0942 area Resistance 3: 1.0947 - 1.0982 area Support 1: 1.0788 - 1.0800 area Support 2: 1.0723 - 1.0748 area Support 3: 1.0649 - 1.0666 area Support 4: 1.0600 - 1.0619 area Consider these structure for...
$2.5 Billion In Bitcoin Withdrawn From Centralized Exchanges – A Bullish Signal? Investor confidence in the crypto market is rising, and Bitcoin is reaping the benefits. Large-scale investors are accumulating BTC despite its recent price fluctuations. In May, Bitcoin's price failed to stay above the critical $70,000 mark, even though it briefly touched this...
Technical Analysis of Gold In our previous analysis, we identified a resistance level at $2,358 for gold. The price reached this level but subsequently dropped, continuing its bearish trend. Current Week Outlook This week, gold is expected to consolidate between $2,320 and $2,342 before breaking out in either direction. Bearish Scenario: If the price...
hello guys... as you can see OANDA:EURUSD broke the descending channel and now it is on top of the breaking area! FX:EURUSD is forming a descending widening wedge and I put a example of this pattern here! I believe if you wanna get a long position on eurusd, be ready to break the top line of this pattern! ___________________________ ✓✓✓ always do your...
Technical Analysis of Gold The price remains stabilized in the bearish area, as indicated by the closing of the 4-hour candle below the support line. The price is expected to move between 2348 and 2327. As long as it trades below 2347, a drop to 2327 is anticipated. The bullish scenario will be activated if the price stabilizes above 2348, targeting 2364 and...
All currencies appearing in this post are fictitious. Any resemblance to real currencies, existing or dead, is purely coincidental.
Technical Analysis of GBPUSD Stability above 1.2693 will support a bullish trend, targeting 1.2783. Breaking this resistance will lead to further bullish targets. Conversely, a reversal to stabilize below the pivot line at 1.2693 will support a decline towards 1.2627 and 1.2572. Pivot Price:1.2700 Support Levels: 1.2627, 1.2572, 1.2541 Resistance Levels:...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from support area, which coincided with support level, and rose to resistance area. Then EUR started to decline in falling channel and soon exited from resistance area, making fake breakout. In channel, price declined until to...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. USD seems like going side ways for the past 2 weeks.. i am still on the slight bias for the downside on USD..guess need a decisive breakout from here on... Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and...
Fed’s Preferred Inflation Measure Rises 0.2% in April, as Expected According to a closely watched measure released Friday by the Federal Reserve, inflation rose as expected in April, with markets anxious about when interest rates might begin to decline. The personal consumption expenditures (PCE) price index, excluding food and energy costs, increased by 0.2%...
We've detected an impulse pattern for EUR/USD. for confirmation, we need to see the price breaks below the correction line(red line). Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational...
After reaching the 2450$ zone, xauusd OANDA:XAUUSD faced a huge sell pressure that led the gold price to fall into the 2326 zone sharply. We believe the price has more room to fall more until it reaches the 2250-2260$ zone. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team...
Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time traded near support 2, which coincided with the support zone and then rebounded down to the trend line. After this movement, the Euro turned around and in a short time rose from the trend line to support 2, broke this level and made retest. Then the price...
The EUR/USD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0820, positioned close to the breakout level....
The XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2343, positioned close to the Top of Channel level. This offers an entry point...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0850, positioned close to the breakout level. This...
SOL/USD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 175.23 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 188.78 Why we like it: There is a pullback...