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...
Good Morning London, The H4 is a currently in a bearish cycle, evidenced by the break of structure that took place last week. Yesterday, we saw the market begin to give a bearish continuation to the downside but stalled towards the end of New York. I'm anticipating a bearish continuation this morning based on the following: 30mins BMS with price...
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...
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...
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 everyone, let's dive into today's EUR/USD update! Market Insights: The EUR/USD exchange rate has experienced a dip back to 1.0880 this Monday, influenced by comments from Federal Reserve officials that added weight to an otherwise calm market atmosphere. The broader markets are nervously anticipating signs of interest rate cuts from the Fed, but...
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...
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...
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!
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...
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#BONKUSDT (UPDATE) BONK is exactly on the way as predicted already 15%+ gain so far and cashing . We can see gain here upto 60%+ soon ✍
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...
In the 4-hour and daily time frames, EURUSD shows potential for further decline and correction. On the 15-minute time frame, it presents a prime opportunity for scalpers to capitalize on selling. The chart illustrates a bearish trend with a potential downward movement highlighted, suggesting a strategic entry point for short-term traders.
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...
By checking the gold chart in the weekly time frame, we see that today's price was able to reach a new ATH of $2450 by conquering the previous peak! As you know, there was a liquidity pool above the previous ATH , and for this reason, the price has faced a slight correction after reaching this level! Pay attention that it is very important to monitor the price...