AUDUSD reached a key horizontal resistance. After an attempt to violate that, the price dropped and broke a support line of a rising wedge pattern, showing a sign of strength of the sellers. I think that the violation was a trap. The pair may drop now at least to 0.6433 ❤️Please, support my work with like, thank you!❤️
The EURUSD pair broke above the 4H MA50 (blue trend-line) today for the first time in almost 2 weeks (since April 10). Our long-term bearish Target (1.05500) is intact, as called on April 02 (see chart below): The 4H MA50 test should be a rejection though as it has been done while the pair is forming a Bear Flag. That is similar to the February 12 test which...
As you're aware, I've held a strong bearish stance on FX:GBPUSD , not only anticipating a drop below the 1.25 support level but also expecting a plunge to the 1.2 level. So far, this prediction has been on point. Last week, cable confirmed its weakness as all rallies were sold off, failing to even retest the broken 1.25 support level. Maintaining my bearish...
Taking a look at the daily chart, I am looking to go how. However, I want to see how this instrument trades following tomorrow's PMI data from the US. On my chart I plotted out an AOI level which would be nice to test. If that happens I'll be looking for bearish stalling action on the small timeframes such as the 5 min to scalp a long entry. That's it - That's...
We previously analyzed AAPL on 9/30/2023, today I'm here to update. Weekly chart Currently the price is in the correction period. If the price cannot break through the important resistance level at 198.4, there is a chance that the price will go down. Consider selling if the price cannot break through the resistance level. >>GooD Luck 😊 ❤️ Like and subscribe to...
Price is rising towards a resistance level which is a pullback resistance that aligns wit the 38.3% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.59405 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement Stop loss: 0.59723 Why we like it: There is a pullback resistance...
Price is rising towards a resistance level which is an overlap resistance level that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.64891 Why we like it: There is an overlap resistance level which aligns wit the 61.8% Fibonacci retracement. Stop loss: 0.65520 Why we like it: There is an overlap...
Price is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.23887 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.24280 Why we like it: There is a pullback resistance level...
Dear colleagues, I believe that wave "4" is not yet completed. To complete it, it is necessary to complete the double zig-zag. I expect that the movement "c" will end in the area of 37350, then I expect growth and the beginning of wave "5" with the goal to reach at least the resistance area of 38458. Be careful, perhaps wave "c" will be a bit shorter and it will...
So I've been getting some questions from some of my students and followers regarding what are some low risk pairs to trade this week. The first thing I like to do when deciding on which pair to trade is find the pair that is primarily consolidating on larger timeframes such as the daily. After spotting a consolidating pair, I then want to decide which side I...
Stay informed with our latest analysis of the XAUUSD market! Gold prices are currently trading around $2400, exhibiting a downtrend with sell signals. Recent price action has breached key support levels, with technical indicators like moving averages and RSI indicating selling pressure. Explore potential trading opportunities with our detailed analysis now!
NZDUSD is now near an important support zone. 0.58533-0.57922 If the price cannot break through the level of 0.57922, it is expected that there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
The financial markets of 2024 have witnessed a surprising resurgence: the unwavering strength of the US dollar. After predictions of a decline at the year's outset, the greenback has defied expectations, surging over 4% according to the Bloomberg dollar index. This unexpected power play by the dollar serves as a stark wake-up call for investors around the globe,...
Hedge funds are betting big against the Japanese yen, driving short positions to their highest level since April 2022. This aggressive stance comes despite warnings from the Bank of Japan (BOJ) that it will intervene in the currency market again to defend the yen if necessary. The data, compiled by the Commodity Futures Trading Commission (CFTC), shows a surge in...
XAUUSD price is near the support zone 2340 and 2326. If the price cannot break through the 2326 level, it is expected that in the short term there is a chance to rebound. Consider buying a red zone.
In this chart we have observed a Bullish flag on a one day time frame, entry, TP & SL points are placed. no divergence spotted so far so it is continuation pattern upwards.
On an hourly timeframe, USDCAD printed Head and Shoulders pattern with RSI indicating a Bearish Divergence. The pair broke the neck line and is expected to have a bearish shift.