The most likely scenario is for EURUSD to climb higher up towards the rising resistance. On the chart I mentioned "Bullish Target" which is where I believe price action is likely to trend to next.
In the event I'm wrong, there are 2 bearish scenarios that I illustrated on the chart. So in terms of risk management if we can leave room to scale or add additional...
By checking the chart in the daily time frame, we can see that the price after entering the demand range of $1966 to $1985 was accompanied by a positive reaction and was able to grow up to $1945! According to the latest daily candlestick, as you can see, after entering the specified FVG, gold was accompanied by selling pressure and was able to close at the price...
In recent weeks, we have witnessed a significant drop in the value of the US dollar, primarily driven by the Federal Reserve's unexpected pivot towards lower interest rates and the simultaneous decline in inflation levels. This alarming trend has raised concerns among market participants and calls for a proactive response.
The Federal Reserve's decision to lower...
World gold prices inched up slightly as traders are waiting for important reports to know more signals about interest rates in the near future.
World gold prices increased slightly this morning with spot gold increasing by 4.7 USD to 2,062.7 USD/ounce. Gold futures last traded at 2,040.7 USD/ounce, up 5.5 USD compared to yesterday morning.
World gold fluctuated...
FOREXCOM:XAUUSD XAUUSD can create a pattern of narrowing the fluctuation range in this area, then rapidly decreasing.
XAUUSD (H4)
Sell Stop at: 2015.5
Stop Loss at: 2026
Take Profit 1 at: 1997
Take Profit 1 at: 1980
Note: capital management 2%
EURNZD is in a big weekly support area. Price has gone really low into the zone.
I will be looking for long entries and aiming for a price to break higher points!
Gold prices eased slightly for Friday but remained on a weekly uptrend as the outlook for the U.S. Federal Reserve's fall in borrowing costs weighed on the dollar and Treasury bond gains, providing demand. for safe hidden assets.
Spot gold XAU= was down 0.1% at $2,033.29 an ounce, as of 01:13 GMT. However, Li gold has increased by 1.5% this week. US GCcv1 gold...
EURNZD long idea from support zone.
I will be looking for long positions when price enters this zone because
this is a really strong zone on the weekly chart!
Hello traders what do you think about euousd)?
traders euousd breakout trade line support levels Rsl retet To lower high Rsl now waiting for retest same Rsl? Now see I will down 👇 support levels ✅
Key levels 1.07948
Key levels 1.06500
Key levels 1.05500
💵 steady, euro soft as traders wager rate cuts to begin in Q1
Dec 6, 202314:19 GMT+5
The dollar held...
Also last night - early this morning, the US economy announced more positive economic and employment data. Specifically, the number of first-time applications for unemployment benefits last week was at 202,000 applications, lower than the forecast 220,000 applications and lower than the previous week's level of 221,000 applications.
Along with that, annual retail...
Hello traders, what do you think about EURUSD? This pair of money is moving in a downtown channel, it is expected that it will decrease after a adjustment movement and when reaching the resistance area at least at least at a definite level.
What is your point of view? Do you agree with me?
Hello traders, what do you think about EURUSD? After breaking the resistance level, this pair of money is currently trading at a high level, but if the right wave will take place, the retreat will take place to check the level that has been broken earlier. It is expected that the price will increase again again after checking the previous break
If this article is...
