WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.43 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 75.40 which is a level that lies underneath a pullback support. Take profit is at 80.18 which is an overlap resistance. High...
Gold (XAU/USD) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 2,324.27 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 2,375.00 which is a level that sits above the 127.2% Fibonacci extension level and a pullback resistance. Take profit is at...
Gold, after breaking its upward trend line and confirming the downtrend, may start its movement from next week. The initial support for gold is in the price range of 2282 - 2286, and upon breaking this range, we can expect a price decrease towards 2270 and 2237.
WTI oil (XTI/USD) is falling towards the pivot. Could this commodity potentially stall around this level before reversing to bounce higher towards the 1st resistance? Pivot: 79.26 1st Support: 77.21 1st Resistance: 80.89 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
Gold (XAU/USD) could fall towards the pivot and stabilize around this level. Could this commodity potentially bounce higher towards the 1st resistance? Pivot: 2,285.17 1st Support: 2,272.11 1st Resistance: 2,328.74 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
Hello everyone, it's Brian here. Today, gold prices have stabilized around $2,300. Factors contributing to this stability include positive market sentiment, falling U.S. Treasury yields, and a weaker U.S. dollar. Traders are still digesting remarks from Federal Reserve Chairman Jerome Powell, as well as the central bank's decision to maintain interest rates....
FX:XAUUSD is forming a range of 2328 - 2295. The market sold off all the excitement formed on the background of Powell's comments yesterday. A bearish market structure is forming on D1. The area of 2328 is keeping the price down and plays the role of a strong key resistance. The bears (sellers) are quite strong and continue to gain momentum. The price is...
Preferred direction: SELL Comment: A difficult situation has developed for gold . Here, in view of technical factors, two scenarios are considered, both buy and sell. The most likely scenario №1 still assumes a fall towards the levels of 2200 and 2150 . Scenario № 2 is less likely, but it may turn out that first this particular maneuver will happen on...
Preferred direction: SELL Comment: The dollar is expected to fall even when paired with the Japanese yen . By the way, our previous trading idea worked out perfectly, and the target was fixed at the level of 153.222 . At the moment, another approach to this level is expected, with a high probability of its breakdown downward. The trade is short-term, and...
Preferred direction: SELL Comment: The franc also closed yesterday's target, and the fall is likely to continue in the short term. This applies to all major competitors of the US dollar , which has begun to correct. However, it should be noted that in a more global perspective, the US dollar is still strong, and we can expect the upward trend to...
WTI is sitting on major support area. On smaller timeframe we can see a lower low here, and if it's going to bounce it should be from there. I expect a reversal pattern today with a continuation of the upside moves next week. Main target from the long $83
Preferred direction: SELL Comment: Yesterday's trading idea for the Canadian worked perfectly. Today, the likelihood of continued decline remains. The price is trading close to yesterday's target, namely the level of 1.37020 , at this level, the next short (breakdown downward) is being considered. We highlight two scenarios for ourselves with a common goal at...
Preferred direction: SELL Comment: Previous trading ideas for this currency pair worked perfectly, and, as expected, the resistance level of 1.64767 has stopped buyers. At the moment, the probability of resuming the downward movement is high. An increase towards 1.65500 is not excluded within the framework of scenario №2 . However, the more likely ...
✅CRUDE OIL keeps falling But a rising support line Is ahead so after the Retest we will be expecting A local bullish rebound LONG🚀 ✅Like and subscribe to never miss a new idea!✅
#USDJPY UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about USDJPY. USDJPY is making Ascending channel Pattern. And almost ready for breakout. After this Breakout we can see drop upto 200Pips+. Keep in touch we will update further soon.
Take a look at our analysis for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2301.506. Considering the today's price action, probabilities will be high to see a movement to 2322.481. P.S We determine oversold/overbought condition with RSI...
Gold now in a bullish wedge correction, will gold's price rise towards resistance 1 (R1) and then pullback or to R2 at NFP reports later today. Alternatively, the price of the metal could dip towards the lower channel of the bullish wedge immediately after the NFP news. N.B! - XAUUSD price might not follow the drawn lines . Actual price movements may likely...
Hello,Friends! USOIL pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going down too. 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 81.69...