Currently the market is at a major key area and as seen on higher timeframes it shows that EURUSD is in a uptrend, my trendline at the bottom confirms it as well..
USD/JPY grinds sideways amid pre-Fed trading lull
The major grinds sideways as traders stay wary amid pre-Fed trading lull. Some consolidation ahead of the potential breakout.
Technical indicators support the current bullish stance. A hawkish outcome from the Fed will propel the pair higher.
GBPJPY trades higher for a third consecutive week on a weak yen.
GBP lost nearly 150 pips from a minor top of 1.31468 against the US dollar on board-based US dollar buying.
Technicals:
On the lower side, immediate support is around 164,
and a jump to 168 is possible
AUD/USD rangebound at 21-EMA support, US Retail Sales awaited for impetus
A 'Golden Cross' on the daily charts keeps downside cushioned
- RSI flat, but holds above the 50 mark, Stochs are on verge of bullish rollover from oversold levels
- Price action is above cloud and Chikou span is biased higher
Price action is consolidating break below daily cloud, Chikou span is biased lower
The pair is trading below major moving averages which are trending lower
EUR/GBP grinds lower in sloping channel pattern, scope for further weakness. Bears target channel base at 0.8220.
The EURJPY was on a bullish trend.
Along the ascending support line however the pair soon broke through the rising support
and we are seeing a reversal also a potentioal retest of the supply cluster ABOVE
Where a bearish move below is most likely to occur
Technical:
The near–term support is around $1780, violation below targets $1770/$1750. Significant reversal only below $1750.The yellow metal facing strong resistance of $1810, any violation above will take to the next level $1835/$1860/$1877$1912 is possible.
DISCLAIMER: ((trade based on your own decision ))
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well, my bias will remain short on bank nifty. not be interested in any buy signal tomorrow. we only will take action once our pattern is ready otherwise we will wait on the sidelines for an opportunity. no itchy trading.
GOLD (XAUUSD) again bearish or soon breakout?
We can expect breakout and huge pump here too and on daily charts , it is more clear.
But in lower time frames we can see that correction and local fall is also expected like the red arrow on the chart.
DISCLAIMER: ((trade based on your own decision ))
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as we can see currency strenght AUD is relatively stronger than CHF so chances to goeing up are high what do u think guys about this move let me know down below in comments splease. Like would be appreciated.
as we can see here there is a few impulses leading to corrections over time. towards the end the bearish side seems to be staggering indicating a potential outbreak in the bullish side.
TVC:SPX Technical Analysis:
By using a Tend-Based Fibonacci Extension, it becomes apparent that the .618 golden ratio is aligned at the S&P 500's all time high of $3400.
The index has traveled upward via an impulse wave since 23 March 2020, and that was followed by a correction wave, which exemplify the Elliott Wave Principle and combined with the key levels...
Good morning everyone
So looking at this market I have shown why I choose to enter this market, showed you were my stop loss is and using supply and demand and pitchfork with a couple projection tools this is my analysis of the peso so far. if the buyers hold the market here you can see a tp blowing up with a 1 to 9 risk to reward. If we go south and blow...
