✅AUD_NZD is trading in an Uptrend and the pair broke The key horizontal level Of 1.095 so we are bullish Biased and we will be Expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The current support level presents a tempting opportunity. Currently trading at $1.10, finding support on the 4-hour timeframe chart. If bulls can hold the price at or above this support level, it could signal a potential reversal and an upward trend. If the bulls can maintain control, $1.1452 is a possible target price. This represents a potential upside of...
GBP/USD regained bullish momentum on Thursday, climbing above 1.2500 for the first time in nearly two weeks after closing positively for the second consecutive day on Wednesday. Short-term technical prospects for this currency pair indicate an upward trend. Looking at the price chart, it is adjusting towards an uptrend. Prices are expected to test the SMA 50 and...
The price of gold surged to nearly $2,320 at the start of Thursday, indicating a slight recovery in the market after previous challenging periods. However, upon examining the 4-hour chart, it's evident that the potential for price increase remains limited. The Simple Moving Average SMA 20 is trending below the Simple Moving Average SMA 100, signaling unclear...
The GBP/USD slid below 1.2500, wiping out much of its daily gains, as the US Dollar staged a robust recovery following the release of the US Gross Domestic Product (GDP) report for Q1, which indicated a sharp increase in inflation. The preliminary GDP index surged by 3.1%, compared to the previous 1.7%. This has fueled expectations that the Federal Reserve will...
Here's a look at the trading strategy for SOLUSDT: SOLUSDT continues to show weakness, and if it fails to break above the $160 resistance level, another price decline could be on the horizon while it remains below the two EMA lines. The initial support in case of a downward move is around the $145 mark and the trendline. The first major support level is near...
Today, gold prices are catching their breath in a corrective move, trading around the $2325 mark with a notable recovery of 0.43% for the day. This precious metal's long-term uptrend remains highly esteemed. The recent dip is viewed as a mere corrective wave within the ongoing Elliott wave structure, having reached its first significant Fibonacci extension at...
Hello everyone, Brian here! Let's take a closer look at GBPJPY today! Currently, this currency pair has maintained a rising trend over the past several days. The price is now orbiting around the 194.800 mark, completing a five-wave Elliott sequence. I expect some adjustments soon, as there are signs that a new peak might be forming, and a retest of the EMA 34 and...
Today, XRPUSD continues to show weakness, with its price hovering around the $0.5200 mark, having lost 1.42% during the day. From an analysis of the 4-hour chart, the price appears to be forming a head and shoulders pattern. In this scenario, the support level at $0.5220 may be breached, and the price is expected to seek new momentum around the $0.4843...
Hello everyone, let's dive into the current dynamics of USDCAD! Right now, USDCAD is forming what looks like an inverted cup and handle pattern, as depicted in the chart. Keep an eye out for a potential sell entry around the 1.365 level if a breakout occurs as anticipated. If things go as planned, we might see this currency pair make a move towards the 1.356...
Hello everyone, Today, in the Asian trading session, EUR/USD subtly hovered around the psychological level of 1.0700. This modest increase in the currency pair is supported by a softer U.S. Dollar. From a technical perspective, the pair is moving steadily within an ascending channel. The next target remains a buying strategy, aiming for the resistance level at...
Hello,Friends! GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2.110 area....
After coasting above the 1.2450 mark during Wednesday's Asian trading session, GBP/USD lost its momentum and dipped below this level. However, the short-term technical outlook suggests that as long as the 1.2400 support holds, the pair remains in a favorable position. Widespread selling pressure on the U.S. Dollar (USD) has provided a boost to GBP/USD, helping it...
Hello everyone, after experiencing a decline of about $90/ounce in the first two sessions of the week, the global gold price has slightly rebounded, reinforcing the belief that the $2,300/ounce level is quite solid. This supports the view that the recent drop was an opportunity to buy for the long term. Global gold prices have remained high as investors continue...
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2285 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2285 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36000 support and resistance area. Trade safe, Joe.
Get ready for a thrilling short-term gold trading strategy! From the current charts: Gold is oscillating around the $2322 mark and remains firmly in a downtrend. The precious metal has established a solid resistance at around $2330, a level that has stoutly resisted three attempts to break higher, indicating that sellers are effectively controlling the gold...
GBP/USD has attracted attention with a strong recovery, surpassing the 1.2500 threshold during the European trading session. This currency pair capitalizes on expectations of improvement in the UK's economic outlook and the decline of the US Dollar. Looking at the chart, we can see that the price is supported by the upward trend but still constrained by the SMA...