GBP/USD After the Double top on the last sessions and the change of the trend in the lower timeframe, today the price is struggling inside a Resistance Area with the presence of the 38.2% FIBO Level where the price, also with a divergence of the stochastic indicator can have a reversal in the direction of the primary trend for a new Bearish impulse.
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USD/JPY yesterday had a solid reaction to the FOMC release news with a bullish impulse. Today's price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Technical Analysis shows the price in a resistance Area in confluence with...
EUR/USD take advantage after the bad news released yesterday for the USD with a strong bullish impulse as predicted. Today the Markets will have another strong shaking by the release of FOMC Economic Projections, USD FOMC Statement, USD Federal, and the USD FOMC Press Conference. The bias is about a new bullish impulse for the EUR and a Bearish momentum for all...
SILVER inside a Bullish trend in the last hours made a pullback on the previous support area at 23.20 and the price is making Higher-highs and Higher following the dynamic trendline that is still working as dynamic support for the price. Our Idea is about a new Long setup following the main trend.
The GOLD is growing making Higher-highs and Higher-lows and the last pullback on the support area can help only the value of this metal to grow. From the previous Swing low today the price retested the 50% Fibonacci level and the correlation with the other Forex pairs can only help the value to grow more. The price supported by the dynamic trendline plus the 50...
- Patterns and Corrections Indicating a Long Term Buy Potential but it Failed to Breakout the S / R Level
GOLD, contrary to EUR/USD yesterday the USD news had a strong impact on this metal with a strong sell impulse where today the price reach the 50% FIBO Area from the last swing. A confluence with a Support area around 1760.00 plus the clue of the Oversold Stochastic may be given a setup for a new Bullish impulse. Our Forecast is about a new Long setup buying in...
#SPX 500 Completed the Impulsive Waves " 12345 " and Corrective Wave " AB " and Forming its " C " Corrective wave in a ELLIOT Triple Wave Combo Pattern It will Follow the Sell Trend if it Rejects from the Fibonacci Level - 78.60% ( 4148.08 ) Selling Divergence in LTF Rising Wedge need Rejection from the UTL
XAUUSD Gold Next Move Technical Analysis Chart Make Sure to make your Entries at the Right Time if you know when to ENTER in Market Trade at your Own Risk Otherwise We are Providing Forex Classes
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#XAUUSD ( Gold / U.S Dollar ) Long Time Frame #LTF - Following Triple Bottom Pattern and Rejecting from the Daily Support Level -Buying Divergence - Impulse Correction Impulse Short Time Frame #STF - In corrective Pattern " Expanding Diagonal " and Standing at the " Demand Zone " at Upper Trend Line #UTL - Selling Divergence - Rejection from Fibonacci Level - 61.80%
#XAUUSD ( Gold / U.S Dollar ) According to the Long Time Frame #LTF we have BEARISH CHANNEL ELLIOT WAVES - Completed " 12345 " Impulsive Wave and Correction " ABC " and it will Again Follow Impulsive Wave Rejecting from the Daily Support Level If Breaks then Sell and if Rejects then Buy According to Short Time Frame #STF it will makes it " 3rd " Corrective Wave...
The USD/CNH is definitely worth watching as the recession narrative comes back to the forefront of investors' minds. The renewed weakness in the yuan has been mirrored in the price action of things like copper and China's stock market, which fell overnight despite US and European indices rallying. Fears over global growth intensified after China decided to...
Technical Analysis Chart Update XAU / USD ( Gold / U.S Dollar ) Time Frame - H4 ELLIOT WAVES in Long Time Frame #LTF It has completed Impulsive Waves " 12345 " and " B " Corrective wave at Fibonacci Level - 23.60% It will Follow Buy Trend to Completed its " C " Corrective Wave BEAERISH CHANNEL in Short Time Frame #STF If it Rejects from the Lower Trend Line #LTL...
The USD/CHF has drifted lower for the past couple of days but watch out for a USDJPY-style breakout. The price is currently testing key support at around 0.9885ish, which was previously resistance. Given the bullish price structure in the last few days/weeks, we think a bullish breakout above parity looks highly likely. Attention turns to US data after even more...
Australia hiked rates by only 25bps last week (vs an expectation of 50bps) as it became one of the first developed central banks to slow the pace of tightening. As such, AUD/USD has been moving lower as the monetary policies of the Australia and the US diverged. AUD,/USD has been moving lower in an orderly downward sloping channel. However, the RSI began to make...
Technical Analysis Chart Update XAU / USD ( Gold / U.S Dollar ) Time Frame - M45 According to the Pattern in Long Time Frame #LTF H2 we have Bullish Channel and its Rejecting from the Lower Trend Line #LTL It is also following Bullish Channel in Short Time Frame #STF Buying Divergence in RSI We need Rejection from 1632 - 1624