enclavefx_Analaysis

enclavefx_Analaysis

The XAUUSD (Gold/US Dollar) pair is a popular trading instrument known for its volatility and potential for significant price movements. In this technical analysis, we will examine the 30-minute chart of XAUUSD and identify key support and resistance levels that traders should watch. These zone markings provide insights into potential price actions and areas of...

enclavefx_Analaysis

Embarking on a successful forex trading journey requires understanding the intricacies of technical analysis, much like deciphering a treasure map. In this succinct analysis, we delve into the 30-minute chart of GBP/USD, unveiling pivotal support and resistance levels that offer traders valuable insights into their strategies. Support Level 1: 1.27112 Our...

enclavefx_Analaysis

In the world of forex trading, deciphering technical levels is akin to navigating a map in uncharted waters. This concise analysis delves into the 30-minute chart of EUR/USD, shedding light on vital support and resistance levels that can empower traders in their decision-making. Support Level 1: 1.09514 Our journey begins with a prominent support level of...

enclavefx_Analaysis

In the fast-paced world of forex trading, understanding the technical landscape is crucial for making informed decisions. In this brief analysis, we delve into the 30-minute chart of XAU/USD (Gold/US Dollar) to identify significant support and resistance levels that can guide traders in their strategies. Support Level 1: 1912 The chart reveals a notable support...

enclavefx_Analaysis

Journey into the dynamic realm of forex trading with us as we dissect the GBP/USD 30-minute chart. This exploration unveils critical technical levels, shedding light on significant support and resistance areas that can steer your trading decisions. Support Levels: 1.26818: The initial bastion of support. A potential bounce from this level could signal a shift in...

enclavefx_Analaysis

Step into the world of currency trading as we dissect the EUR/USD 30-minute chart. Unveil the technical intricacies that can illuminate your trading decisions by identifying key support and resistance levels. Support Levels: 1.09514: The initial stronghold. A potential bounce from here could signify an upward shift. 1.09343: Delving deeper into support. Keep a...

enclavefx_Analaysis

In the realm of trading, every move matters, and the DXY 30-minute chart holds vital clues. Join us as we delve into the technical intricacies, uncovering the critical support and resistance levels that can shape trading decisions. Support Levels: 101.7016: The primary foundation. A bounce from here could trigger a potential upward move. 101.5525: A step deeper...

enclavefx_Analaysis

In the world of trading, understanding the intricacies of price movement is essential. Today, we're taking a closer look at the XAU/USD 30-minute chart, uncovering the technical levels that can make all the difference. Support Levels: 1930: Our first line of defense. If the price dips toward this mark, it could signal a potential rebound upwards. 1926: A...

enclavefx_Analaysis

support level1 156.000 support level2 155.500 support level3 155.100 resistance level1 157.700

enclavefx_Analaysis

support level 1 1.26800 support level 2 1.2600 resistance level1 1.27700 resistance level2 1.28000 resistance level3 1.28400

enclavefx_Analaysis

support level 1 1.09363 support level 2 1.09151 support level 3 1.08600 resistance level1 1.11500 resistance level2 1.10500 resistance level3 1.10100

enclavefx_Analaysis

support level 1 1930 support level 2 1926 support level 3 1915 resistance level1 1942 resistance level2 1946 resistance level3 1952

enclavefx_Analaysis

Going into Wednesday's European session, WTI crude oil closes around $79.00 at an intraday low. It posted its first daily loss in five days after reversing from its highest level since April 19. This reversal occurred amid overbought RSI conditions amid a five-week-long rising wedge bearish chart formation. WTI sellers are favored by the recent downside break of...

enclavefx_Analaysis

A bearish cross was made between the 20-day Simple Moving Average (SMA) and the 50-day SMA on Friday, as the US Dollar Index (DXY) closed below the 100-day Simple Moving Average (SMA). After moving sideways near 50 in the past couple of weeks, the Relative Strength Index (RSI) dropped below 50. As a key support, psychological level 102.00 (static level) aligns on...

enclavefx_Analaysis

It is being auctioned on a two-hour chart in an Ascending Triangle pattern, with the gold price moving upwards. Using the same chart pattern as shown above, an upward-sloping trendline is drawn from the low on June 29 at $1,893.00, and the horizontal resistance is drawn from the high on June 21 at $1,937.00. A barricade is being set up for the bulls of Gold near...

enclavefx_Analaysis

On the other hand, technical indicators on the daily chart have not yet confirmed a positive outlook. Therefore, the $23.00 confluence region might continue to act as a barrier for any subsequent move up. Immediately following this is the ascending trend-channel resistance, which currently stands around $23.45 in price. As long as the XAG/USD maintains a strong...

enclavefx_Analaysis

A symmetrical triangle has been forming on the daily chart since the second half of May as a result of two converging trend lines. Furthermore, bulls should be cautious given the recent repeated failures above the 100-day Simple Moving Average (SMA). Therefore, it would be prudent to wait for some follow-through buying and sustained strength above the 0.6200 mark...

enclavefx_Analaysis

Silver is also in a downward trend on the daily chart. XAG/USD's long-term bias is upward because of rising support since September. The near-term downtrend is being maintained by a falling trendline from May. 61.8% Fibonacci retracement level at 22.29 provides immediate support. Taking this price down reveals rising support. The 38.2% level at 23.75 is released...