Yesterday after surpassing the resistance level of the 2017 uptrend channel This breakout has confirmed a new downward trend for gold, following a period of wide-ranging sideways movement. Expectations are now leaning towards a further decline to deeper price levels. This price decline is predicted to bring gold back to lower price ranges, reflecting market...
The EURUSD pair is currently moving sideways and forming a triple top pattern. The 1.067 support level is holding up, but it might break soon due to persistent selling pressure. The RSI indicator is stable, and the EMA 34 and 89 lines are favoring the bears. Trend-following strategies are being emphasized, and I’m prioritizing selling EURUSD. Do you agree with...
The XAU/USD pair is having difficulty maintaining its upward momentum and is at risk of turning down due to strong short-term selling pressure. The 34 EMA crosses down to the 89 EMA and the price is below both EMAs, showing a weakening of the trend. With a short-term strategy, consider selling when the price falls below the support level of 2250 USD/ounce, with...
The downward pressure on gold prices increased further due to rising US government bond yields. This yield has increased from 5-7 bps across all bond terms. A recent five-year US Treasury bond auction showed positive results, with bids from non-dealer investors exceeding the average. Recent statements by Fed officials have also further influenced market...
The world gold price went down, the USD continued to gain and showed that 10-year US government bonds also reached their highest level in the last 2 weeks. The school's attention focuses on the US personal consumption expenditure price index (PCE) in May - an appropriate control measure of the US Federal Reserve (Fed) to better know the interest rate performance...
NZDUSD - 24h expiry Previous support level of 0.6100 broken. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Short term RSI has turned negative. The measured move target is 0.6040. We look to Sell at 0.6100 (stop at 0.6124) Our profit targets will be 0.6040 and 0.6025 Resistance: 0.6090 / 0.6100 /...
US dollar vs Japanese Yen as we can in our chart the is pair is moving in a channel and we are seeing a potential buy side move keeping in view this situation we uphold that the pair can reach to the 162.450 level and then may be rejected from this level because of its historical significance and also the level is formed over weekly time frame and market has been...
Following a solid breakout above recent resistance levels, CAD/JPY is demonstrating strong upward momentum, underscored by a well-established ascending trend line. The pair is currently setting its sights on the 118 level, a move fueled by robust trading volumes and bullish sentiment. This chart provides a technical analysis of the ongoing trend, focusing on key...
The EUR/CAD pair has just broken below its ascending channel, signaling a potential shift from bullish to bearish conditions. This analysis delves into the ramifications of this critical trendline breach, pinpointing the key support level at 1.4460.
GBPNZD - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell GBPNZD Entry - 2.0778 Stop - 2.0816 Take - 2.0712 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
My dear subscribers, My technical analysis for USDCAD is below: The price is coiling around a solid key level - 1.3662 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.3702 My Stop Loss - 1.3638 About Used Indicators: By the very...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDCHF chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
Here is our detailed technical review for SILVER. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 29.039. Taking into consideration the structure & trend analysis, I believe that the market will reach 29.405 level soon. P.S We determine oversold/overbought...
Take a look at our analysis for NZDUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.610. Considering the today's price action, probabilities will be high to see a movement to 0.613. P.S Overbought describes a period of time where there has been a...
Please, check our technical outlook for EURJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 171.067. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price...
In the short term, gold prices are likely to continue to fluctuate between $2,300 and $2,350 USD/ounce, depending on US inflation data and geopolitical developments. If inflation data comes in higher than expected and geopolitical tensions increase, gold prices could continue their upward trend.
Hello,Friends! We are going long on the GBP/USD with the target of 1.269 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
4H Deceleration box received at entry zone. = Instant market execution Buy.