Gold completes the trading week near the area of 1795. The XAU / USD quotes continue to move as part of a slight rise and the formation of a “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend for Gold. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of...
USD / JPY four-hour chart. A new bullish wave continues to develop on the chart. It starts at 113.26. The price has passed the mark, so the next target for growth is the reversal level 114.84. The bullish scenario of the movement will be canceled after the price drops below the level. Trading solutions: buy 114.18 take profit 114.84 Have a nice trade!
GBP / USD four-hour chart. The currency pair showed a very strong decline from the level. The downward price movement was stopped by the main support / resistance level, but so far we do not see a strong pullback from this level. On the contrary, bears are building up pressure. Therefore, the scenario with the development of a downward movement towards the level...
The four-hour chart of the EUR / USD pair. The currency pair showed a very strong decline on Friday. The price tested the level of 11536. So far, we do not see a strong reaction to this level, therefore, as a priority, we consider the scenario with the continuation of the downward movement after the formation of a correction to the four-hour supertrend...
So far, the yesterday's price movement pattern is being perfectly worked out. I also expect a drop in quotations. Below is a link to the previous idea for your convenience! Have a nice trade!
Due to weak statistics from the US, it has a chance for the uptrend to resume. So far, the price is again spreading above the Kijun-sen and Senkou Span B lines, so the trend is considered ascending. However, it is necessary to look in the next couple of days if yesterday's movement was not an accident. On October 29, we distinguish the following levels: 1.3741,...
As is often the case, movements occur exactly at the moment when it would seem that there are no prerequisites. So, for the pair under consideration, the euro exchange rate took and grew literally out of nothing in the midst of the formation of a sideways trend. The local maximum has been updated and the price is trying to gain a foothold at these values. Most...
USD / JPY four-hour chart. The currency pair fell back to support at the daily supertrend line. Nevertheless, buyers continue to hold the price above this level, therefore, as a priority, we still consider the scenario with the growth of quotations towards the level of 114.06. Trading solutions: buy 113.59 take profit 114.05 Have a nice trade!
GBP / USD four-hour chart. The currency pair is declining, being in the overbought area. There are no reversal signals of the current price movement on the chart yet. Therefore, we consider the scenario with the further development of the downward movement as a priority. We consider the level 1.3672 as the first target. Trading solutions: sell 1.3750 take profit...
XAU / USD quotes continue to move in growth and the bullish channel. At the time of the publication of the forecast, the price of Gold is $ 1787 per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, indicating pressure from the seller's asset and a potential continuation of growth from the...
Currency pair US dollar Canadian dollar USD / CAD continues to move within the correction and the downward channel. At the time of publication of the forecast, the US dollar rate against the Canadian dollar is 1.2361. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, indicating pressure...
GBP / USD four-hour chart. The currency pair remains under pressure from the overbought area. Buyers are still unable to gain a foothold above the four-hour supertrend line. Therefore, as a priority, we consider the scenario from the beginning of the downward movement in the direction of the daily supertrend line. Trading solutions: sell 1.3700, take profit...
The four-hour chart of the EUR / USD pair. The currency pair is still holding below the daily and 4-hour super trend lines. Therefore, we continue to consider the scenario with the development of a downward movement towards the level of 1.1550 as a priority. Trading solution: sell 1.1625 take profit 1.1550 Have a nice trade!
Trading in a long term bearish trend, EURGBP was stuck in a sideways range for quite a while. Finally we see its bearish breakout. It gave me a reason to short the pair. Please, support this post with like and comment!
XAU / USD quotes continue to move within the growth and bullish channel. At the time of the publication of the forecast, the price of GOLD is 1805 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of...
USD / JPY four-hour chart. The pullback movement continues to develop on the chart. The price is approaching the level of 114.0. Today we expect the growth of quotations above this mark. The nearest target is at the level of 114.35. In the medium term, we can see the growth of quotations to the reversal level of 114.84. Trading solutions: buy 113.85 take profit...
On the current day, the price is expected to move between the nearest zones. After an attempt to put pressure on the resistance zone, a change in the vector and a decrease in the price towards the support zone is likely. Potential reversal areas Resistance: $1800.0 /$1805.0 Support: $1775.0 /$1770.0 Have a nice trade!
USD / JPY four-hour chart. The currency pair tested support at the daily super trend line. So far, the bears cannot push through this level, so today we consider the scenario with the development of a moderate upward movement at the level of 114.06 as a priority. Trading solutions: buy 113.55 take profit 114.05 Have a nice trade!