USDCAD price is simply retesting the previous resistance which is turned support and an indication of continuation of bullish trend. The potentially next leg move will be at the 1.41…
This morning, the USD on the world market dropped sharply in the international payment basket. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies, reversed and fell 0.69% stronger than the previous session, to 106,150 points.
– Previous Daily candle closed small Bullish around 1986.100 forming weak Daily Support around 1982.300. – Buys on close above 1990.500 targeting 1h previous Support formed around 1995.600, Leaving Runners to the 1h Resistance formed around 2002.500. – Sells on close below 1981.200 targeting 4h Support formed around 1977.200, Leaving Runners to the Daily Support...
EURUSD is neutral on the 1D timeframe (RSI = 52.933, MACD = -0.001, ADX = 25.234) as despite having made a clear bottom on October 3rd, a month has passed and still hasn't been able to close over the 1D MA50. In fact (including today), it has been rejected three times and despite crossing it, it failed to close the 1D candle above it. The two medium term rallies...
We might see a strong buy side liquidity on USD/ZMW, W formation formed on Monthly Time Frame after price hit our MTG at k15 which is likely to head back to k22.50 Zone, it has also broken another liquidity zone (OB) at k19.28 meaning that we still have a strong bullish run, Price might be heading back to fill the VOID from the heavy sell liquidity we had from...
Daily/4h/1h time frames analysis. Price action. Important key levels. Potentials scenarios. Trading plan explained. ❤️Please, support this video with like and comment!❤️
#XAUUSD price will possible break 1994 which is bearish confirmation, now the price have form support below three range if possible the pair drop below 1983 it will continue falling till 1972 stop to form another short sell, the possible target price may sell is below 1953 long target.
Technically, BLACKBULL:US30 found resistance after reaching the 35,490 historical level and now it has turned to the downside. The price action developed a Rising Wedge pattern which could announce a potential sell-off. Staying below the broken uptrend line and making a new lower low activates more declines towards the median line (ML).
– Previous Daily candle closed Doji Bearish around 1982.400 as price tapped and rejected the Daily Support formed on Wednesday 25th October 2023. – Buys on close above 1987.000 targeting 1h previous Support formed around 1992.200, Leaving Runners to the 4h Resistance formed around 1997.200. – Sells on close below 1974.700 targeting 1h Support formed around...
EURUSD crossed today under the short term Channel Up pattern but for now it appears that it will close the day back inside it. As long as it does, the trend is neutral. It needs a (1d) candle closing over the MA50 (1d) to turn bullish and under the bottom of the Channel Up in order to turn bearish. Trading Plan: 1. Buy after a (1d) candle closes over the MA50...
It is with great concern that I bring to your notice the recent surge in leverage combined positions for the USD index, coinciding with the apparent peak of the Dollar Index (DXY). This convergence of events has prompted us to urge you to exercise caution and consider pausing your USD trading activities. Over the past few weeks, we have witnessed the DXY...
USD/JPY is one of the most traded currency pairs in the world. The value of the USD/JPY pair is quoted in Japanese yen per one U.S. dollar. For traders, it is important to note that the pair is currently at a strong resistance level and is expected to move downwards. Outlook According to, the USD/JPY pair is expected to face resistance at the 151.70 area, which...
#XAUUSD price will possible move two side depending the result today, firstly price will possible buy below 1982 which will head above 1999-2009 but if any possible reverse occur below 1975 then the price will head 1968-1953 which is main bullish confirmation. 1975 sell stop and stop loss
Hi Traders! Today is a big day for the USDCAD, and the pair is approaching its yearly high at 1.38623, but before that, the monthly high resistance at 1.37858 must be broken. Price Action 📊 The market has broken its trendline resistance and is near the monthly high at 1.37858. There is bullish momentum due to the anticipation of hawkish statements from the...
Take a look at AUDUSD. The pair is trading in a bearish trend. The price sets new lower highs, respecting a falling trend line on a daily. After its last test, the price formed a double top formation on that on an hourly time frame. Its neckline breakout leaves a strong bearish intraday clue. I expect a bearish movement to 0.6345 / 0.6335 ❤️Please, support...
EURUSD formed an ascending triangle formation after a test of a strong intraday horizontal structure support. Its neckline violation is a sign of strength of the buyers. The pair will most likely keep growing, at least to 1.0678 ❤️Please, support my work with like, thank you!❤️
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Gold is going to test 1946 level this month. After test we will review price movements. Follow To Get New Signals