While the weaker inflation report probably won't change things at the March meeting, according to OANDA senior market analyst Craig Erlam, it could at least trigger a debate. There is more serious discussion within the Fed about the timing of the first cut, and that could be positive for gold. Despite gold's decline, FXTM senior research analyst Lukman Otunuga...
Broken structure being retested. broken trend lines supply area 4h support needs to get tapped at our TP area. great risk to reward setup.
Hello,Traders! NZD-USD is going down Now but will soon hit a Horizontal support level Of 0.615 from where I will be expecting a Bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 2034.9 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2020.8 Safe Stop Loss - 2041.9 About Used Indicators: The...
My dear friends, My technical analysis for EURAUD is below: The market is trading on 1.6563 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.6508 Recommended Stop Loss - 1.6592 About Used Indicators: A pivot point is a technical analysis indicator, or calculations,...
My dear subscribers, EURNZD looks like it will make a good move, and here are the details: The market is trading on 1.7586 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.7527 About Used Indicators: The average true range ATR plays an important role in 'Supertrend'...
My dear friends, Please, find my technical outlook for EURAUD below: The price is coiling around a solid key level - 1.6479 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.6530 Safe Stop Loss - 1.6448 About Used Indicators: The...
My dear followers, This is my opinion on the GBPAUD next move: The asset is approaching an important pivot point 1.9390 Bias - Bearish Safe Stop Loss - 1.9421 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.9327 About Used Indicators: For...
Hello,Friends! We are going short on the GBP/JPY with the target of 189.951 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the EUR/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.947 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! SILVER pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 23.138 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
broken trend line broke support now resistance supply area respected great risk to reward setup.
Hello,Friends! Previous week’s green candle means that for us the GBP/AUD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.928. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.051 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/NZD pair. ✅LIKE AND COMMENT MY IDEAS✅
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Here is our detailed technical review for EURNZD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.749. Considering the today's price action, probabilities will be high to see a movement to 1.761. P.S The term oversold refers to a condition where an asset...
Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 103.794. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 103.271...
Take a look at our analysis for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.082. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.091 level. P.S Please, note that an oversold/overbought...