The Pound Sterling (GBP) is facing challenges in its attempt to surpass a critical resistance level at 1.2140, primarily due to the strength of the US Dollar. This strength has diminished investors' risk appetite, and as a result, the GBP/USD pair could potentially retreat to its lowest point in seven months. The reason for this setback lies in the UK economy,...
EURNZD formed a tiny double top pattern, approaching a solid horizontal resistance. I expect a pullback from the underlined zone ahead of ECB press conference and rate decision. Goals: 1.815 / 1.808 ❤️Please, support my work with like, thank you!❤️
Looking for Impulse Down. GbpUsd moving down more and more. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you/ give better knowledge. If you have any question ask me in comments. Learn & Earn! Wave Trader Pro
NZDUSD is trading in a long term bearish trend. After a consolidating within a wide horizontal range on a daily, the price violated its support. We see a positive bearish reaction to that after its retest. I believe that the pair will go lower. Next support: 0.576 ❤️Please, support my work with like, thank you!❤️
Gold stabilized around $1,980 after testing $1,990 earlier in the day and closed at $2,006. The yield of the benchmark 10-year US Treasury bond remained unchanged below 4.9% after the PCE inflation data matched market expectations, making it difficult for XAU/USD to find a direction. The price of gold is above $1,980 at the start of Friday, taking a break after...
EURGBP is not the most trending currency pair, but I do believe are some momentum plays. They're slow to form, like taking all of last week, but the trend change does spell some opportunities. There are two key points that signalled the reversal and hold. Price broke above a consolidation that I marked for a reversal change signal. Shortly after the neckline...
Observed a reversal and channel break on NZDJPY. It's a bit too early to tell at the moment given that I haven't seen anything structural over on the weekly timeframe. But, getting in early does help ensure a high R:R if this trend holds. Over the past two months, I've marked four points of interest: Price breaches previous high formed around mid-June of this...
The US dollar gained momentum last Friday following news of an Israeli ground operation expansion in Gaza. Stocks declined, while gold and crude oil prices rose. Meanwhile, EUR/USD took a step back towards 1.0550, erasing daily gains. If the pair surpasses this level and uses it as support, the next bullish targets could be set at 1.0600 (200-period simple moving...
This technical analysis of XRP reveals a notable triangle pattern consolidation from October 24 to October 27, culminating in a strong breakthrough on October 27. Despite a brief drop to $0.5238, subsequent rapid gains to $0.5459 suggest potential bullish distribution and positive momentum. The analysis provides trade parameters, including a target of $0.623 and a...
The chart is pretty explanatory. Price is currently selling , and there's a zone at 1983-1979, if Price breaks below it, we would see Price gun for 1968-1966 but if it rejects Price, the journey to 2000 would resume. Risk management is advised I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you...
Whats up gold gang! yet again ANOTHER winning day today for us all .. insane. Im so happy with my system and it seems you guys are too. Algo levels getting respected everywhere .. and i love taking those bounces! .. I want to see that 2000 hit tomorrow possibly during the news in NY .. so im looking at a small pull back in asia in order to take buys up .. and...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After being bearish for a couple of months, #ROSE finally broke a previous major high (marked in orange) For the bulls to remain in control, and take over from a long-term perspective, we need a break above 0.055. In this case, we will expect further bullish movement till...
In this trading idea, we'll explore a potentially profitable strategy for buying gold by utilizing a combination of technical analysis tools. We'll focus on key factors such as critical support levels, Fibonacci retracement levels, order blocks, and trend reversals. Support Levels : We'll closely monitor important support levels on the gold chart. These levels...
GBPCAD broke a support line of a tiny rising wedge pattern on an hourly time frame, after a test of a solid falling trend line on a daily. Taking into consideration that the pair is trading in a bearish trend on a daily, probabilities will be high to see a bearish reaction. I expect a movement to 1.671 ❤️Please, support my work with like, thank you!❤️
During the American session, EUR/USD gained momentum, benefiting from a weaker US dollar, surpassing the 1.0550 level, and erasing previous losses. The US dollar's retreat occurred despite positive US growth data, which were influenced by lower Treasury yields. EUR/USD reached a new weekly low below 1.0550 early on Thursday, after closing in negative territory for...
The USD/JPY exchange rate is currently declining towards 150.00 in a delayed response to the Tokyo Consumer Price Index (CPI) inflation data beat, with a modest drop in the US dollar contributing to the current descent of the pair. Attention is now focused on the US PCE inflation. The USD/JPY exchange rate recently surpassed the significant psychological level of...
If the price stays above the blue trend line and stabilizes itself, then it can be said that the market is bullish and the decline scenario fails. Otherwise, the bearish scenario is still in place... the blue trend line is the line between life and death for Bitcoin... WOMAN , LIFE , FREEDOM ✌
The price of gold XAU/USD appears to be reacting only modestly to the recent positive momentum of the US dollar and the increase in US Treasury yields. Currently, the immediate resistance is positioned at $1,988. If surpassed, gold buyers could target the five-month highs at $1,997 and the $2,000 threshold. On the other hand, in the event of an upward rejection,...