– Wednesday Daily candle closed Doji Bullish respecting recent Daily Support formed on Tuesday. I’ll be looking for potential Buys above 189.540 targeting previous 4h Support formed on 6th March 2024 around 190.040 and 4h Resistance around 190.520. I’ll be looking for potential Sells below 188.540 targeting 4h Support around 188.060 and previous 4h Resistance...
My dear friends, EURNZD looks like it will make a good move, and here are the details: The market is trading on 1.7763 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.7696 About Used Indicators: Pivot points are a...
My dear followers, I analysed this chart on AUDUSD and concluded the following: The market is trading on 0.6527 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6555 Safe Stop Loss - 0.6513 About Used Indicators: A super-trend indicator is plotted on either above or...
My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2179.1 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear, giving a perfect indicators' convergence. Goal - 2159.5 About Used Indicators: By the very nature of the supertrend...
My dear friends, Please, find my technical outlook for EURCHF below: The price is coiling around a solid key level - 0.9588 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.9604 About Used Indicators: The pivot point itself is simply...
EUR/GBP could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 0.85661 Why we like it: There is a pullback resistance that aligns with the 127.2% Fibonacci extension level Stop Loss: 0.85780 Why we like it: There is a pullback resistance level Take Profit: 0.85396 Why we like it: There is a...
The Pound (GBP/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 1.28035 Why we like it: There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 1.28363 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci...
AUD/JPY is showing a strong bullish momentum and could make a continuation towards our take-profit target. Entry: 97.692 Why we like it: There is a strong bullish momentum Stop Loss: 97.237 Why we like it: There is a pullback support level Take Profit: 98.132 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement...
The Aussie (AUD/USD) could rise towards an overlap resistance level at 0.6650 which has been identified as a pivot point. Could price stall around this level once again and potentially reverse to drop lower towards the 1st support? Pivot: 0.6650 Support: 0.6480 Resistance: 0.6726 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
USD/CAD could fall towards a pullback support level at 1.3438 which has been identified as a pivot point. Could price bounce off this level once more and potentially climb higher towards the 1st resistance? Pivot: 1.3438 Support: 1.3371 Resistance: 1.3596 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
A potential swing trade short has presented itself on the daily chart. DXY failed to closed above 103 and formed an inverted hammer on the daily chart, and its upper wick met resistance at the 38.2% Fibonacci level. Daily trading volumes also declined whilst prices rose gradually, against the prior (and more aggressive) leg lower. This suggest the -day rise is...
CAD/CHF is rising towards a potential breakout level and could breakthrough this level to climb higher. Buy entry is at 0.65371 which is a potential breakout level. Stop loss is at 0.64470 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level. Take profit is at 0.66733 which is a pullback resistance. High Risk...
EUR/NZD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.76798 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.76110 which is a level that lies underneath a pullback support. Take profit is at 1.77781 which is a level that aligns with the...
The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.66440 which is a pullback resistance. Stop loss is at 0.66830 which is a level that sits above the 50.0% Fibonacci retracement level and the swing-high resistance. Take profit is at 0.65578 which is an overlap support that...
– Tuesday Daily candle closed strong Bearish forming Daily Resistance around 2182.900. I’ll be looking for potential Buys above 2166.100 targeting previous 1h Support formed around 2173.900 and Daily Resistance around 2182.900. I’ll be looking for potential Sells below 2153.000 targeting 4h Support around 2145.800 and 30min Strong Support around 2138.800. There is...
– Tuesday Daily candle closed Bullish at 188.800 forming Daily Support formed around 188.210. I’ll be looking for potential Buys on close above 189.140 targeting 4h Resistance around 189.580 and previous 4h Support formed on 6th March 2024 around 190.040. I’ll be looking for potential Sells below 188.370 targeting 30min Support around 187.970 and previous 4h...
My dear friends, AUDNZD looks like it will make a good move, and here are the details: The market is trading on 1.0734 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.0703 Recommended Stop Loss - 1.0749 About Used...
My dear friends, My technical analysis for USOIL is below: The market is trading on 77.78 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 78.63 Recommended Stop Loss - 77.29 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used...