USD/CAD still maintains a downtrend after the decision of the Bank of Canada USD/CAD has remained in a downtrend since Wednesday after the BoC voted to keep interest rates unchanged at 5.0%. However, the BoC still leaves open the possibility of raising interest rates even though the economy has weakened somewhat. From a technical perspective, USD/CAD fell below...
Big support zone coming on AUDNZD. Will be looking for long positions when I see price reversing. Be patient! Price often goes trough this zone but after still sees a reversal. Let me know what you think! Manage your risk!
World gold price continues to decrease by 15 USD/ounce, down to 2,020 USD/ounce. This is the third consecutive day of decline for the precious metal since reaching a record high at the beginning of the week The market waits for the US to release non-farm payroll data this weekend. The jobs report could affect the US interest rate outlook. Gold began to increase...
Gold price today dropped shockingly in the context of the USD Index increasing 0.37 points to 103.64 points. This causes the value of the USD to decline compared to many other strong currencies. The international gold market falls into a disadvantageous position. On the other hand, gold prices dropped today when US bond interest rates increased to 4.4%/year. This...
GBPNZD went face first into a resistance zone. This zone has seen a lot of price action before and must be treated with careful and brutal precision. If price continuous to go down tomorrow, I will be looking for shot positions on the lower time frames! Be patient, trade safely and manage your risk!
🏃♂️ GBPCAD has been moving in the Ascending Channel for more than two months and it seems that it can maintain this trend in the ascending channel in the coming weeks. 🏃♂️ GBPCAD is currently moving near the 🟢 Support zone(1.712 CAD-1.700 CAD) 🟢 and the lower line of the ascending channel. 🌊In terms of Elliott wave theory , GBPCAD seems to have...
After a high rise at the end of last week, gold is showing signs of falling sharply at the beginning of this week Experts say gold will fall sharply this week The FED has moved to increase interest rates for the USD
NZDCHF is taking off from a key horizontal demand zone. As a confirmation, the price formed a tiny double bottom on that on an hourly time frame. We may anticipate growth now. Goals: 0.5428 / 0.546 ❤️Please, support my work with like, thank you!❤️
GBP/JPY Let us keep it simple again The market broke out of a corrective channel, but resistance 187.561 still held the market not to move upward Let us all wait for the market to break out at 187.561 with a clear bullish candle close. Thanks
The technical structure on intraday chart still remains interesting in the short term. From a technical point of view, the pair could still trigger an interesting bullish swing if it manages to stay above wave 1. Trade with care Like | Share | Comment
I am reaching out to discuss an intriguing topic that has been gaining significant attention in the financial realm: the potential impact of Central Bank Digital Currency (CBDC) on forex trading in Canada. As you may be aware, the introduction of CBDC has sparked numerous discussions and debates among forex traders. The purpose of this idea is to delve into the...
World gold prices stabilized with spot gold increasing by 2.2 USD to 2,042.7 USD/ounce. February gold futures last traded at 2,065.2 USD/ounce, up 5 USD compared to yesterday morning. The yellow metal was mildly volatile and had little reaction after the latest report showed the strength of the US economy in the third quarter. Specifically, according to the...
In this video, I the possibility for a continuation upwards on eurusd. I also talked about the things I will like to see the market do before I will be looking for entry positions for a long trade. I also talked about the possibility for the price to continue downwards since it's coming off a weekly 61.8 fib level. I talked about what I will expect the market to...
🏃 NZDUSD is moving in the 🔴 Resistance zone($0.6110-$0.6050) 🔴 and 🟡Price Reversal Zone(PRZ)🟡 . 🌊In terms of Elliott wave theory , NZDUSD seems to be completing a Zigzag correction(5-3-5/ABC) so that the main wave C structure is Ending Diagonal . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks. 🔔I expect NZDUSD to Fall to...
🔄 CADCHF re-entered the 🟢 Support zone(0.648CHF-0.645CHF) 🟢 after experiencing a 🐻 Bear Trap 🐻. 💡Also, CADCHF seems to have succeeded in forming a Falling Wedge Pattern , so the upper line of this pattern was broken hours ago. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect CADCHF to GO UP in the coming days and...
By checking the USDJPY chart, we can see that the price after the attractive fall to 147.150 was able to make upward movements again to fill a part of the liquidity void caused by this fall by collecting liquidity! If the price can stabilize below 150.110, we will probably see a further drop in the price! The most important signal for the price to fall further is...