Hello traders, we want to check the AUDCAD chart. The price has reached the specified resistance level after an upward movement. We expect this level to stop the upward trend of the price and the price will fall to around 0.89800. Good luck
Since the beginning of the year, FX:EURUSD has been in a downtrend. Despite occasional reversals from the lows, a broader examination reveals a pattern of lower highs. Recently, once again, EURUSD reversed from the 1.06 zone low, but its ascent was halted just below the descending trend line, followed by a resumption of the downward movement. Moreover, the...
As of the time of writing, the DXY index extended its recovery for the fourth consecutive session, trading around 105.50 and at the same time putting pressure on major currency pairs. In the early morning of May 9, the State Bank announced that the central exchange rate USD/VND increased by 6 VND, currently at 24,249 VND. The reference exchange rate at the State...
GBP/JPY is rising towards the pivot, which has been identified as a pullback resistance, and could reverse to the 1st support. Pivot: 195.45 1st Support: 191.71 1st Resistance: 197.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
GBP/USD traded 0.3% lower to 1.2473, ahead of Thursday's meeting of the Bank of England. The UK central bank is expected to leave interest rates unchanged this week, with speculation it could steer markets towards a cut as soon as next month - soon after the ECB is expected to cut drops on June 6.
The greenback edged better on Wednesday, bucking current weak point as numerous Fed officers organized to speak. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, traded 0.2% better at 105,500, off its lowest withinside the nearly a month remaining week. The greenback obtained a small increase...
By around September, the Fed may reduce interest rates. A declining USD will pull gold prices up. Gold is also supported by inflation and escalating prices in many countries around the world. Asian and European countries are struggling to control their currencies from plunging. Many experts also mentioned the possibility of inflation in some countries. If this...
Dear Colleagues, I suppose that the price has started the wave "5" of the higher order. At the moment I expect a correction in wave "2" of lower order, then I expect the beginning of wave "3" with the aim to reach the resistance area 39156.49. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hello dear Traders . In the gold chart, we can see that the price managed to hit both of the next targets, namely $2,308 and $2,303, resulting in a 200-pips yield for us! Now, the price is near a demand zone ($2,291 to $2,303), and I assume that with the price entering this range, we will witness an increase in demand that could drive the price to higher targets...
EURUSD has attempted to pass 1.08135 but failed to break through resistance, for a swing trade of three weeks it shows it can swing from here on out. Looking to take two take profits TP 1: 1.06691 TP 2: 1.05283 SL: 1.08280
Hello Traders ! The NZDJPY Failed To Break The Support Level (90.806 - 90.516). The Price Broke The Last Lower High (ChoCh). So, I Predict a Bullish Move📈. -------------- TARGET: 93.250🎯
CHFJPY price is near the resistance zone. 171.21-171.48 If the price cannot break through the 171.48 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
I'm currently evaluating a potential long opportunity for EUR/CHF using Elliott Wave principles. My analysis indicates that we might be entering a bullish phase following the end of a significant corrective sequence. The chart shows a completion of a corrective wave pattern labeled (a), (b), and (c), with wave (c) demonstrating a decisive final drop. We are now...
I'm currently evaluating a potential short opportunity for USD/CHF by applying Elliott Wave principles. Our analysis indicates that we are approaching the end of a significant bullish phase, and a corrective sequence is now taking shape. The market is now entering what appears to be a corrective wave pattern labeled (a), (b), and (c). Wave (a) has shown a sharp...
I'm currently evaluating a potential long opportunity for AUD/USD using Elliott Wave principles. According to my analysis, we're witnessing the end of a corrective phase, with a bullish impulse wave likely to take shape soon. The market is now entering what seems to be the beginning of an impulse wave, labeled as (5) in our analysis. The completion of the...
I'm currently evaluating a potential long opportunity for USD/CAD using Elliott Wave principles. According to my analysis, we're at the end of a corrective phase, and an impulse wave is likely emerging. The market is now entering what appears to be an impulse wave, labeled as (5). The completion of the previous correction and the initiation of this new bullish...
I'm evaluating a potential long opportunity for NZD/USD using Elliott Wave principles. Our analysis suggests that we're currently seeing the setup for a bullish impulse wave, potentially signaling the start of wave (5). The market appears to have completed a corrective wave (4) and is now transitioning into a new bullish phase. This is indicated by the end of the...
CADCHF pair broke and closed below a solid intraday horizontal support. After a violation, the market retested the broken structure and started to consolidate. A bearish breakout of a support line of a consolidation range gives us a strong bearish confirmation. It increases the probabilities that the fall will continue. Goals: 0.6587 / 0.6567 ❤️Please,...