Amidst the ever-fluctuating landscape of the foreign exchange market, the EURUSD pair has captured the attention of traders following a notable drop to 1.071 in response to recent economic developments. As I compose this article, the pair finds itself at a critical juncture, supported by a confluence of factors including strong technical support and contrasting...
Hello traders, we want to check the EURGBP chart. After breaking the uptrend line, the price has pulled back to the specified key level. We expect this level to act as a resistance level and the price will fall to around 0.85400. Good luck.
In the short term, the currency pair is less attractive due to the strong appreciation of the USD after the market reduced expectations about the Fed cutting interest rates in policy meetings in June and July. Persistent high US inflation data, and better-than-expected employment, suggest the Fed may not choose to cut interest rates in the near term as this could...
GBPCHF may drop from a key horizontal resistance. The price formed a head and shoulders after its test and successfully violated its neckline. The pair may drop at least to 1.139 support. ❤️Please, support my work with like, thank you!❤️
For the UK, GDP and manufacturing data for February, due out on Friday, will guide the Pound. Forecasts show monthly GDP growth will slow to 0.1% after increasing 0.2% in January. The Index of Industrial Production (IIP) is expected to stagnate after falling 0.2% in January and is estimated to have increased 0.6% annually from the previous level of 0.5%. Monthly...
GBPCHF - Short - Sell Stop - The bullish trend is struggling to continue @ R1 - Looking to Sell if the price reaches S3
There are too many long candles and sudden changes in trend today. I won't be trading for now, although I'm keeping an eye on SGDJPY. If I spot a trade signal there, then I'll consider trading. However, I'm also staying alert for signals in other currencies, there might be a change later on. Disclaimer: I'm still on a demo account. Once I reach my target amount...
CADJPY - Buy Stop Currently Price is trending between a fixed range, Looking to go Long in case R2 is broken
Trading Setup: A Trading Signal is seen in the USDCAD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.3703 ⭕️SL@ 1.3738 🔵TP1@ 1.3588 🔵TP2@ 1.3528 🔵TP3@ 1.3421 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading...
Hi Traders Gold price is ready Gold currently experiencing worldwide Up trend has reached its highest price ever I predict that the market will bounce back From the resistance level move towards the Nearby support level Gold now 2339 Target zone 2300 If this post is useful for you You can support me with like And advice comments
yesterday i had two amazing bull runs with USDCAD and GBPAUD taking my acount balance from $102 to $469. This morning during london i entered two seperate positions which was EURCAD and EURJPY. Both trade were in profit until after london then we got a huge move down causing mme to close at a -$78 loss. The account balance is now $361 and ive entered EURCAD for...
EURJPY - Short Bearish Trend as LH appears after HH Looking to take entry if S2 is broken
traders Gold price is ready to fly My dear subscribers My technical analysis is for Gold below The price is coming around a solid key Level 2338 Bis_ Bullish Gold market now 2338 Target zone 2288 Technical indicators Pivot point low anticipates a potential price reversal Super trend shows a clear buy giving a Perfect indicators convergence perfect Indicators...
Short on GBPJPY Bearish Trend, LH after a HH Looking to Short after S2 is broken Risk 2%
Short in EURUSD Pair Looking to sell if S2 is broken
Price is falling towards the support zone which aligns with the 61.8% Fibo retracement. A bounce from this level could lead the price to rise to the upside I'm bullish biased
Gbpusd average This is generally a reversal pattern so we can expect the sellers to sell any rally now as they target a breakout below the support The price got a bit overstretched yesterday as depicted by the distance from the blue moving average In such instances we can generally see a pullback into the moving average or some consolidation before the next move
Gbpusd possible resistance zone around the level where we can also find the confluence with the red moving average This is where we can expect the sellers to step in with a defined risk above the level to position for a breakout below the support The buyers on the other hand, will want to see the price breaking higher to start targeting the trendline around the level