The XAU/USD daily chart indicates that it is holding onto small gains above a steady 20 Simple Moving Average (SMA), while a stable 100 SMA is positioned around 1,950. Additionally, the technical indicators are gradually rising and putting pressure on their midlines. Although it doesn't seem likely for another upward movement, it does reduce the chances of a...
A potential sell signal on the CHF/USD currency pair has emerged due to the formation of a double top pattern on a resistance level. This pattern indicates a potential reversal of the previous upward trend and suggests that a downward movement could follow. Traders considering this setup may look for a target price of 1.0996 and set a stop-loss order at 1.1567 to...
EURCHF managed to form a rising wedge pattern near the 🔴 resistance zone 🔴 and the downtrend line . EURCHF managed to break the lower line of the rising wedge pattern. I expect EURCHF will go DOWN again to the 🟢 heavy support zone 🟢. 🔅Euro/Swiss Franc Analyze (EURCHF), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every...
Hello traders ,what do you think about GOLD? After falling and reaching the support zone, gold has started its correction. We expect this correction to continue until the specified resistance zone and then fall to the specified level. If this post was useful to you, do not forget to like and comment.❤️
CADCHF managed to form a Head and Shoulders pattern after breaking the uptrend line. Also, CADCHF managed to break the neckline and 🟢 support zone(0.673CHF-0.672CHF) 🟢 in the past hours. 🔔I expect CADCHF to decline at least until the next 🟢 support zone(0.664CHF-0.661CHF) 🟢. 🔅Canadian Dollar/Swiss Franc Analyze ( CADCHF) 4-hour time frame ⏰. Do not forget to...
Bullish AB=CD pattern is formed on currency pair GBPJPY and now the trend will be reverseded from D to bullish. Manage your levels accordingly.
As you can see, the channel has been formed, so i just wait for confirmation to entry DYOR
A risky play here as GBP/USD rejects and falls back under 1.2667. There are two important highlights about taking a short here: 1) Price is still in an uptrend, so sizing must be small because it is risky to go short without confirmation. 2) That said, the potential reward is MASSIVE - considering a final TP around 1.07 you have a R/R of 17:1 A $100 risk...
Hy team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURNZD. EURNZD exact moved According our analysis from Fib level 0.6 as we predicted. Now here it has maximum Chances we can see a good drop in price. We can see upto 200+Pips drop in price. Keep in touch we will update further soon.
The current market conditions reflect a bullish trend for the Euro (EUR) in the short-term. This means that for the next few weeks to months, the EUR is expected to appreciate in value against other currencies. Various factors are driving this momentum, such as positive economic data from the Eurozone, including improving GDP growth rates, low unemployment rates,...
EUR/AUD is giving a good chance for Bulls to win $$$$$$. Notice the bullish flag in 1D has broken up ( there is another bullish flag in 4H chart too) I'll be targeting the level shown on the chart, or higher if possible. Have a safe trade to all!
The EUR/USD pair may face potential downside risks as a bearish outlook emerges, primarily due to the formation of a double top pattern on the 1-hour timeframe. This pattern typically indicates a potential trend reversal and suggests that the buying momentum may be weakening. With the double top pattern in place, there is a higher probability of a downward price...
This trade will take a while but is so worth it. Last week's candle showing strong buying support; ready to breakout to new highs. Targets above in orange. I'll start 3 positions, trim 2 at the orange lines and the final at the supply zone above.
XAU/USD is experiencing a second consecutive day of decline, although it has managed to rebound from its recent low and is currently trading around 1,190. On the daily chart, technical analysis indicates that the 20 Simple Moving Average (SMA) is showing a bearish trend below the 100 SMA, acting as a resistance level at 1,930.70. The 200 SMA, on the other hand, is...
I am looking at a long for USDCAD @ 1.33654 (current rate I am looking at right now upon entry) I believe there are ways for this pair to go before a major drop happens. Go long on USDCAD if you are looking to take a risk. Shall update this position soon.
Let's follow the trend on NZDJPY! Now it is the best time to buy, because we have just seen a pullback on this one. The market is on bulls side now and technical indicators strongly support. Good luck! Please, like this post!
EURGBP has been able to form two reversal patterns in the daily time frame. The first pattern is the Ascending Broadening Wedge , in which the EURGBP has managed to break the lower line of this pattern. The second pattern is the Head and Shoulders Pattern , which was the first sign of the Ascending Broadening Wedge lower line breaking. 🔔I expect EURGBP to...
Hello traders, we want to check the GBPCHF chart in the 1-hour time frame. The price has broken a downward channel and is moving in an upward channel. We expect the price to maintain its upward trend and reach the next key level, which is until the price grows around 1.14300. Good luck.