Gold prices extended gains near $2,360 on Monday during the first hour of trading in Asia. Rising geopolitical tensions in the Middle East boost safe-haven flows and benefit precious metals. Gold prices traded positively during the day. The yellow metal kept the bullish trend intact as it held above the key 100-day Exponential Moving Average (EMA) on the daily...
CAD/JPY LONG idea After taking GBP/JPY and EUR/JPY Long Trades which im currently up over +200Pips on Gj and +100Pips on EJ I'm seeing a good opportunity on CAD/JPY Long İdea
My dear friends, EURCAD looks like it will make a good move, and here are the details: The market is trading on 1.4767 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.4715 Recommended Stop Loss - 1.4800 About Used...
My dear subscribers, This is my opinion on the NZDJPY next move: The instrument tests an important psychological level 93.929 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 93.016 My Stop Loss - 94.500 About Used Indicators: On...
My dear friends, Please, find my technical outlook for AUDUSD below: The instrument tests an important psychological level 0.6615 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.6573 About Used Indicators: Super-trend indicator...
I personal feel as if price shall move higher targeting weekly highs the 1H candle has now closed above an old daily swing high and respecting 1H OB Consequence encroachment since we have no news today I am watching very closely to see how candles react many of these zones especially daily highs or lows
My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2343.6 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2356.2 About Used Indicators: By the very nature of the supertrend...
EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EURCHF formed a cup & handle pattern after a test of a key horizontal support. I am looking for a bullish breakout of its neckline to buy the pair. A daily candle close above 0.978 will confirm the violation. A bullish continuation will be expected to 0.982 resistance then. ❤️Please, support my work with like, thank you!❤️
Our USDCAD analysis suggests a downward trajectory as the pair completes a corrective pattern marked as Wave (b). Observing the Elliott Wave structure, we are currently at the start of Wave (c), which typically follows Wave (b) and could extend significantly downward. The chart indicates that Wave (c) may target the 0.618 Fibonacci retracement level at 1.36079,...
In the current AUDUSD setup, Elliott Wave analysis suggests that the pair might be nearing the end of an impulse sequence with Wave (3) recently completed, and entering Wave (4), a typically corrective phase. The currency is showing signs of topping out, indicating potential retracement levels that could be ideal for a short position. Currently, Wave (4) has...
I've been scrutinizing the EURUSD chart and it looks like we're seeing a compelling setup for a potential short. According to Elliott Wave theory, the pair has recently completed Wave (3) and is beginning to form Wave (4), which is typically a corrective phase. Currently, the price is oscillating and could retrace to key Fibonacci levels associated with Wave (4)...
Our latest analysis on the USDCHF suggests that the market may be ripe for a short opportunity. Observing the Elliott Wave pattern, it appears that the currency pair has completed an upward Wave (5) and is now potentially embarking on a corrective ABC pattern. Currently, the price action has initiated what seems to be Wave (a) of this corrective phase. I'm...
I've been closely monitoring USDJPY and the pair shows promising signs for a bullish continuation based on Elliott Wave analysis. From the chart, we can observe that the currency pair has completed Wave (4) of its cycle and is gearing up for Wave (5). Wave (5) is often the final push in the direction of the prevailing trend, and based on Fibonacci projections,...
Taking a close look at the GBPUSD chart, I’ve noticed an interesting Elliott Wave pattern that may indicate a forthcoming downturn. We've just observed a completion of Wave (3), which shows a strong upward momentum. Currently, we're seeing the beginning of Wave (4), which hints at a corrective phase. The initial target for this correction based on Fibonacci...
I'm currently examining the BTCUSD chart and have identified a compelling pattern suggesting bullish momentum. We've recently completed a classic Elliott Wave sequence with the price completing Wave (4) and gearing up for Wave (5). Wave (4) ended near a strong support level, setting up a great scenario for Wave (5) to take off. I'm projecting potential targets...
Here's a fresh look at the NASDAQ (US100) where Elliott Wave analysis hints at a potential short opportunity. According to the wave pattern observed, we have just completed the fifth wave of a bullish sequence and are possibly transitioning into a corrective phase. The completion of wave (5) suggests exhaustion in the current trend, paving the way for a...
Today, I'm analyzing the US30, and my Elliott Wave analysis suggests we might be nearing a pivotal moment for a potential downturn. From the chart, we've seen the US30 follow a clear Elliott Wave pattern, culminating in what appears to be the end of the fifth wave. The market seems poised for a corrective phase, which typically follows after completing an impulse...