US Nonfarm Payrolls in April reached 253,000, significantly exceeding Mitrade's estimates of 180,000. Meanwhile, the US unemployment rate slipped to a 53-year-low of 3.4%, which continues to indicate resilience in the labor market under continuous rate hikes. The USD/CAD pair plunged 164 pips to 1.3373, and USD/JPY rose 66 pips to 134.83. EUR/USD moved up 6 pips...
The price is moving in a descending channel and has reached the upper part of the channel and a strong resistance level, so a bearish movement is expected. Good trading! If you find it useful, like, follow, share!
Hey Everyone, Please see our 1H chart idea with updated Goldturn levels and targets. We saw resistance turn to support on Friday with price bouncing off the 1999-2005 structure and now testing resistance at 2017. We have Bullish targets above which we will track and trade level to level with EMA5 cross and lock. Structure breaks will give openings to bigger...
EURJPY managed to break the uptrend line in the 🔴heavy resistance zone🔴 with a breakout candle. EURJPY is currently pulling back to the uptrend line. I expect EURJPY to break down to at least the 🟢support zone🟢. Also, I shared a short position with RR=2.86 with you, but be sure to trade according to your own strategy, and don't forget capital...
Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1 by using Fib tool. Please note that this is my personal...
Hy team hope you all are enjoying our ideas and analysis. Now we are here to discuss about NZDCAD. NZDCAD is in a small Retesting in this Retesting it has maximum Chances we can see a good drop in price. In this drop we can see price around 0.84 Keep in touch we will update further soon.
After the spike, the price has entered the channel cycle And now I expect to see a pattern of three collisions Let's have a correction until the area of 2000 and 2001 Let's see what happens.
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy just retested and rejected a quite obvious previous weekly resistance at the 171.000 JPY level. However you can also see that weekly market structure and moving averages are still very bullish, with last week's candle we broke...
Price has made a Bullish divergence. If the price breaks the previous LH it will be trend reversal. Bullish divergence is a clear indicator of trend reversal.
Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1. Please note that this is my personal analysis and trade...
Based on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) does not show any divergence currently. I recommend taking a long trade with a risk/reward ratio of 1:1 Please note that this is my personal analysis and trade plan,...
Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1. Please note that this is my personal analysis and trade...
By forming the Double Bottom pattern , we can confirm the end of wave C. I expect AUDCAD to grow to at least the resistance line after breaking the neckline of the Double Bottom pattern. (I have specified AUDCAD growth 🎯 targets 🎯 in the chart for you). 💡Also, I shared with you the position with RR= 2.68 , but be sure to follow your strategy and not forget...
If we see the entry signal in this zone with the set loss limit, we will enter the matter of the degree of ascent, but keep in mind that this signal is used in the upper periods, so you must be patient enough, but if the goals are achieved, there will be a good profit.
GBPNZD can start to grow again from the bottom of the ascending channel. 💡Reasons for GBPNZD growth:💡 A Hidden Divergence(HD+) between two successive valleys in the ascending channel. Buy signal in RSI indicator . Confirmation of the end of the movement by the StochRSI indicator . Hammer🔨 Candlestick Pattern formation at the bottom of...
I will be considering a sell when the 1HR closes. The market must trade through the current 1HR Low for a validated entry. The market is reacting beautifully to the 2.01000 level with rejection. Also the 20EMA/50MA are in a confirmed downtrend. I will be taking this trade into new lows as a target.
XAU /USDT is Going to get a good setup for SHORT POSITION you can get this position with 1% Margin & LEV20 X Good Luck & dont forget to set SL & TP
Based on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) does not show any divergence currently. I recommend taking a long trade with a risk/reward ratio of 1:1 Please note that this is my personal analysis and trade plan,...