On Friday we saw a decline which we look as a correction of the rise to 1,0634. During this week we will watch for ending of the correction and buys opportunity. The goal will be passing above 1,1000 and heading towards 1,1080. Key support area are the levels around 1,0780.
– Previous Weekly candle closed strong Bearish at 1921.300 breaking below Weekly Support formed on 29th May 2023, Friday Daily candle closed weak Bullish forming Daily Support around 1913.800. – Buys on close above 1923.500 targeting 4h Resistance formed at 1929.000, Leaving Runners to the next 4h Resistance formed at 1933.600. – Sells on close below 1917.500...
Foreign exchange strategists across global financial institutions have been setting out their predictions for the future performance of the EUR/USD, presenting an amalgamation of analyses that span from modestly optimistic to overly bearish. Euro-Dollar rate predictions are pinned upon factors ranging from central bank decisions, inflation metrics, and global...
2023-2024 exchange rate forecasts from Nordea As far as Federal Reserve policy is concerned, Nordea has revised its forecasts and now expects that there will be two further rate hikes with a 25 basis-point hike in July and another hike in the Autumn. It also expects that the Fed will be slower to cut rates and adds; “The sticky core inflation picture and the...
AMEX:GLD is hot on my watch list as uncertainty in the world markets should cause investors to park their money in gold. AMEX:GLD is down -4% for the quarter and is due for a rebound. Technical Analysis: AMEX:GLD has been consolidating in a falling wedge and is approaching the .618 retrace at 177.24. I lean bullish on AMEX:GLD as long as we don’t break...
After price broke structure to the downside with momentum, it preceded to retrace. It formed liquidity the process that it preceded to take, mitigating a previously established supply area in the process. It has currently broken structure to the downside and could potentially retrace one more time to mitigate supply on lower timeframe before further expansion,...
After price expanded aggressively to the upside, it left behind an unmitigated imbalance. It then preceded to retrace back down, forming liquidity above an established demand zone that was formed before the previous expansion. It could potentially use this liquidity, with the aid of the demand zone, to fuel its move further upwards to take out liquidity that was...
Hey Traders, Check this Bullish setup on GBPUSD out. I will be waiting for a clear retest of the 50% fib before smashing the the buy button. Keep a close eye on it.
Here is my detailed structure analysis for EURUSD. Resistance 1: 1.0986 - 1.1011 area Resistance 2: 1.1060 - 1.1096 area Support 1: 1.0810 - 1.0850 area Support 2: 1.0635 - 1.0690 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
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EURUSD is bearish on the daily, weekly and monthly timeframes. EURUSD failed once again to break above the resistance (supply zone) area 1.09-1.10. On the weekly timeframe, a retest of the double top neckline was established at the resistance area and a reach of the upper channel of the downtrend and a possible formation of a triple top (H&S) at smaller scale,...
Hey Trades, in the coming week we are monitoring USDCAD for a buying opportunity around 1.31500 zone, USDCAD was trading in a downtrend and successfully managed to break it out. Currently USDCAD is in a correction phae in which it is approaching the retrace area at 1.31500 support and resistance zone. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring USDJPY for a buying opportunity around 141 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 141 support area. Trade safe, Joe.
Dollar Index will remain bullish next week. I see a new higher high higher close on an hourly time frame and a consequent retracement. After the completion of a local correctional movement, the Index will grow! Target level - 103.152 Please, support my work with like!
Dollar Index broke and closed above a horizontal resistance. It is the important sign of strength of the buyers. I believe that the market may go higher next week. Next goal will be a falling trend line. ❤️Please, support my work with like, thank you!❤️
Trying 1 last buy position on Gold before the week ends. Going in with small risk as it's a Friday & markets are choppy. ⭕️5 Wave Impulse Move Complete. ⭕️3 Wave Correction (A,B,C) Yet Pending. ⭕️Wick Fill Complete. ⭕️Lots of Liquidity Still Sitting At $1,938.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.27400 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.27400 support and resistance zone. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.09300 zone, EURUSD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.093 resistance zone. Trade safe, Joe.