Upon reviewing the gold chart on a 15-minute timeframe, we observe that the price is currently trading around $2423. It is likely that in the initial movement, we will see an increase to the range of $2428.5 to $2433. Following that, once the price enters the specified range, we may witness another drop in gold prices. All the important levels for trading have...
Hello friends! The EUR/USD pair hovered around the 1.0850 mark for the second straight day on Tuesday, with the US Dollar edging higher amid worsening market sentiment. However, the pair still refuses to leave its comfort zone as data and policymakers' words are not enough to convince speculative interest. The United States (US) macroeconomic calendar has nothing...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price traded inside wedge, where it first fell to support line, but then made upward impulse. Then Euro turned around and made downward impulse, exiting from wedge and soon breaking $1.0655 level. After this, price some time traded in support...
EURUSD is bullish on its 1D technical outlook (RSI = 61.508, MACD = 0.003, ADX = 33.468) but is on the 4th day of descend, which is a natural reaction as it almost hit the top of the 5-month Channel Down. In the meantime the 1D RSI almost hit the top of its own 5-month Rectangle. We are still on the ideal level to short. Our Target is intact just over the 1.236...
Dear colleagues, I believe that the five-wave momentum is not yet complete. I expect a correction in wave “4” to the area of 1.08270, then the continuation of the upward movement to the area of 1.09501. Thus, the price will complete the wave “1” of the higher order. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Upon reviewing the EUR/USD chart on the 4-hour timeframe, we observe that the price, after accumulating liquidity above 1.08860, underwent a correction. Currently, the price is re-entering the Bearish Order Block ahead and we are still witnessing an IMBALANCE or FVG prior to the specified order block. This fact significantly increases the importance of this order...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that some time ago price rebounded from the support level, which coincided with the buyer zone and declined to 1.0650 points. After this, the EUR turned around and started to trades inside an upward pennant, where it in a short time rebounded from the support line and...
Dear traders! We see a correction in the descending price channel starting to appear on H4 and reaching 1.0855. But at the same time there is a flag pattern with a bullish price target gradually forming on the chart that usually determines our medium-term outlook. The key support at 1.083 could serve as a launching pad for the pair's next move. It is expected that...
Hey Traders, in tomorrow's trading session we are monitoring EURUSD for a buying opportunity around 1.08100 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08100 support and resistance area. Trade safe, Joe.
Hello dear traders! Overall, as Conan mentioned in the previous analysis EURUSD is mostly showing good growth prospects in all time frames, The main pair's price increase is supported by the softer Greenback. EU is currently trading around 1.08816, higher than 1.0875 on Monday in the early hours of trading in Asia and up 0.14% on the day as measured by...
Based on the chart, here are the reasons why I would consider buying the dollar index: Uptrend Resumption: The dollar index has been in a steady uptrend since the beginning of the year, and after a brief correction, it appears to be resuming its upward trend. Buying into this momentum could be a profitable strategy. Support Held: The index has bounced off a...
21st May DXY: Needs to break 104.40 could trade down to 104 round number support NZDUSD: Buy 0.6145 SL 20 TP 70 (RBNZ rate decision tomorrow) AUDUSD: Buy 0.6675 SL 25 TP 50 USDJPY: Sell 155.75 SL 30 TP 100 (Hesitation at 155.30) GBPUSD: On CPI release, Sell 1.2695 SL 20 TP 45 EURUSD: Buy 1.09 SL 35 TP 70 USDCHF: Sell 0.9080 SL 20 TP 40 USDCAD: Test and...
The trendline has been a significant price barrier, having been rejected multiple times before. It is probable that price will be rejected once again. Search for a selling opportunity and aim to profit at the lower support level. Look for confirmation signals such as bearish candlestick patterns or a decrease in buying volume to strengthen the selling...
Preferred direction: BUY Comment: A long with little potential can be considered for silver in the next 1-2 days . Let us remember that earlier we also considered purchases near the level of 30.50-31.00. These trades were closed with profit and can be viewed in the profile. Just like with currency pairs, here we are considering a small potential for...
I expect a consolidation on EURUSD until we reach the marked zone for longs. We can also expect a smaller retracement and then longs.
Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Look at H1 - Currently, the price continues to complete wave c during the abc correction - As in the previous measurement, we forecast two potential price ranges to end wave c: area 1.0822 and area 1.0787. - Looking at the price...
Preferred direction: SELL Comment: The opinion and trading setup for the Japanese yen also remains the same. In the short term, all this will most likely be a small, but downward movement towards levels 153 and 152 . The two previous scenarios are relevant for today, as already mentioned. Scenario №1 - sales at current prices, and scenario №2 - a...
-------------EURUSD SHORT------------- Do not jump in yet! Wait for confirmation of the reversal a.k.a. lower lows. I do think there is a high probability this will do down but we cannot be certain as of now. Be careful and trade only the clear setups. No guessing! Regards, Sz