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.
🏃♂️ USDCAD is moving in a Descending Channel and is currently near the Uptrend line and🟢 Support zone(1.3704 CAD_1.3618 CAD) 🟢. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect USDCAD to rise to at least 1.384 CAD after breaking the upper line of the descending...
On 2h timeframe, USDJPY printed Double Top with RSI indicating strong Bearish Divergence. A Bearish Trend shift is expected.
AUD-USD forex pair right now is moving in a bearish direction. However, the pair has tested its support several times. In addition there is a clear bullish divergence. Therefore, this trading signal is designed to grab the LONG Trade oppurtunity on this forex pair. If the Entry Level mentioned in the trade breaks, there are clear chances that this forex pair will hit TPs.
Based on the one-hour GBP-USD forex pair technical analysis, it apperas that this forex pair may take a bullish run if it breaks its reisstance at 1.27600. RSI is not showing any sign of over bought or over sold. However, this trade is not for short-term trading ideas.
After a bullish movement of GBP-USD forex pair, there is a presence of overbought of this currency pair observed as a presence of bearish divergence. Therefore, it appears that this currency pair will move in bearish direction. For this, a short trade setup is designed to grab the trade oppurtunity for this forex currency pair. Time hour is set as one hour.
#gbpusd forming LH & LL . supply zone for short 1.2460-80. stop loss above 1.2490, target: 1.2280
Gold prices turned down slightly at the beginning of the Asian session XAU/USD's decline has continued and the precious metal is currently trading around $2,377 today morning. After rising above the $2,400 threshold last Friday, gold prices have adjusted back down after tensions in the Middle East were contained and are currently trading around the $2,377...
The price is rising toward a resistance level, which is an overlap resistance that aligns with the 50% Fibonacci retracement; it could reverse from this level to our take profit. Entry: 1.13236 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.14028 Why we like it: There is a pullback resistance...
Price is falling towards a support level which is a pullback support that aligns with the 78.6% Fibonacci projection. A bounce from this level could lead the price to rise to our take profit. Entry: 1.46155 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci projection Stop loss: 1.45877 Why we like it: There is an overlap...
AUDCAD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price to drop to our take profit. Entry: 0.88469 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.88948 Why we like it: There is...
Price is rising towards a resistance level which is an overlap resistance level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.58668 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement Stop loss: 0.59335 Why we like it: There is a pullback resistance...
Price tapped into a weekly POI last week but left a liquidity pool that still needs to be mitigated. This couple up with a strong DXY (Dollar) promotes the idea that the market may be bearish. Looking at the analysis we have already tapped into an imbalance on the daily which may act as a resistance and we have broken out of that bearish flag. I am waiting to see...
Hello traders ,what do you think about GOLD?After its recent growth, gold has reached the ceiling of the long-term channel. After a little fluctuation in this area, it is expected to correct at least to the midline of the specified channel. If this post was useful to you, do not forget to like and comment.❤️
hey there on 1HRTF the Gold has continue moving upside before the last friday on dropeed and than rise upside so we now assuming tommorrow will be open high range