GBP / USD four-hour chart. The currency pair could not hold above the level. The price dropped below the four-hour supertrend line. Against this background, today we are waiting for the development of a moderate downward movement in the direction of the daily supertrend line. Do not forget that the overbought zone resists the price with its entire area. Trading...
The four-hour chart of the EUR / USD pair. The currency pair continues to trade in a wide horizontal channel with borders at the daily supertrend line and the level of 1.1658. As part of the sideways trend, we are waiting for the development of a moderate downward movement to the daily supertrend line. This scenario will be canceled after the price fixes above...
XAU / USD quotes continue to move as part of the correction and the formation of the "Triangle" pattern. At the time of the publication of the forecast, the price of GOLD is 1793 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset...
USD / JPY four-hour chart. The currency pair has consolidated below the four-hour supertrend line, therefore, as a priority, we continue to consider the scenario with the development of a downward movement with a target on the daily supertrend line. In the medium term, we can expect a decline in quotations to the main support level. Trading solutions: sell 114.15...
GBP / USD four-hour chart. The currency pair remains in the overbought area and is held above the four-hour supertrend line. Therefore, we still consider the scenario with an increase in quotations as a priority. The target is the same - the upper border of the overbought area at 1.3916. Trading solutions: buy 1.3785 take profit 1.3916 Have a nice trade!
The four-hour chart of the EUR / USD pair. The currency pair is still holding above the daily super trend line. As a priority, we continue to consider the scenario with the development of an upward movement and the price exit from the local sideways upward. This scenario will be canceled after the price drops below the daily supertrend line. Trading solution: buy...
Let's take a trend-following long trade on AUDUSD. Reason - retest of a broken key level & positive bullish reaction from that. The pair will most likely keep growing now. Buy. Please, support this post with like and comment!
An additional signal in favor of raising the XAU / USD quotes will be a test of the support area on the relative strength index (RSI). The second signal will be a rebound from the upper border of the bearish channel. Cancellation of the option to raise GOLD prices on October 21, 2021 will be a fall and a breakdown of the level of 1705. This will indicate a...
An additional signal in favor of reducing quotes will be a test of the resistance line on the relative strength index (RSI). The second signal in favor of the fall will be a rebound from the upper border of the descending channel. Cancellation of the option to drop the USD / CAD currency pair at Forex will be a strong growth and a breakdown of the 1.2595 area....
USD / JPY four-hour chart. The currency pair failed to reach the target at the reversal level of 114.84. Sellers have increased their activity and are now trying to push through the resistance level. If the support level is broken, the price is likely to continue moving down in the direction of the daily super trend line. Trading solutions: sell 114.35 take profit...
The four-hour chart of the EUR / USD pair. The currency pair continues to trade near the support level. Buyers are increasing upward pressure, so the level may be broken in the near future. Recall that earlier the price bounced up from the reversal level and, as part of the reversal pattern development, the next growth target is the main support / resistance level...
Bitcoin breaks all-time highs as well as $ 65,000 resistance. Bitcoin made a new record of $ 67,000 and tested support again. At the moment support is $ 63,500-64,500, and after that - $ 60-61,000. BTC is currently in pricing mode and we accept the round numbers as psychological resistance. The next resistance is at the $ 70,000 and $ 75,000 levels. We will see...
XAU / USD quotes continue to move within the correction and left the descending channel. At the time of the publication of the forecast, the price of GOLD is 1779 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a...
USD / JPY four-hour chart. The currency pair held above the four-hour super trend line and continued to move upward. The main target for growth is still the reversal level 114.84. At this mark, one can consider sell signals with a promising target at the main support / resistance level of 112.50. Trading solutions: sell 114.84 take profit 112.50 Have a nice trade!
GBP / USD four-hour chart. The currency pair remains in the overbought area and holds above the four-hour supertrend line. These are signals for the continuation of the bullish movement. The main medium-term target for growth is the upper border of the overbought area 1.3916 (+2/8). This scenario will be canceled after the price drops below the level of 1.3672...
The four-hour chart of the EUR / USD pair. Yesterday the price bounced down from the level (3/8), but buyers were able to keep the currency pair above the four-hour supertrend line. Therefore, we continue to consider the scenario with the development of the reversal pattern as a priority. The target is the main support / resistance level of 1.1719 (4/8). Trading...
XAU / USD quotes continue to move within the fall and left the descending channel. At the time of the publication of the forecast, the price of GOLD is 1762 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential...
USD / JPY four-hour chart. The currency pair has not yet managed to reach the reversal level of 114.84 (7/8). Most likely, in the near future, we will see the formation of a rollback movement in the direction of the daily supertrend line, after which the price may resume its upward movement towards the previously noted target. Trading solutions: sell 114.40 take...