In accordance with our analysis from the previous session, the GBP/USD currency pair has exhibited movement consistent with our predictions, having achieved the initial level of take-profit. Moreover, the pair appears to be demonstrating rapid upward momentum, reinforcing our notion of a further sustained bullish trend. As such, our present recommendation is to...
I am in a buy position on GBP/CHF. I really like how the market is reacting to the 78.60% retracement area. I believe we will now be heading to 1.14000 great time to get involved in a buy at a nice discount.
EUR/USD has gained decently above the 1.0900 hurdle and broken free from two consecutive daily pullbacks, despite increased selling pressure on the dollar. Currently, the focus is on upcoming data releases. The possibility of further tightening by the ECB in May is still on the cards, with investors anticipating a 25 bps rate raise. However, some ECB policy makers...
Yesterday, we discussed how the GBP/JPY had recently experienced a bullish rally, but had been in a consolidation phase for the past two days. During this period, the price appeared to be forming a reversal head and shoulders pattern, which caused some concern among traders. However, the pattern was invalidated when the price broke through the local resistance,...
The GBP/USD pair is currently in an uptrend and has been continuing its rally despite experiencing a pullback at the previous 61.8% Fibonacci level. We have observed that the price has rebounded in this area, and our forecast remains bullish as we anticipate a new and fresh impulse to push the price towards the upside of the chart. To elaborate further, it seems...
The EUR/USD currency pair has witnessed a decline in its value and subsequently bounced back from the 1.0975 region. Over the past week, the EUR/USD has been retreating from its recent highs in the proximity of 1.1100. This drop can be attributed to the correction in the upside movement of the dollar. As of now, the price movement of the EUR/USD is expected to...
At the start of the London trading session on Monday, GBP/JPY shows a slight increase in value, hovering around 166.50. However, the cross-currency pair is facing a challenge in maintaining its upward momentum over the past four days, as it is currently caught in a bearish chart pattern, known as the Head and Shoulders pattern. If the dynamic trendline of the...
this is not a financial advice and please #DYOR before any trade
Gold has respected the yellow trendline with multiple touches in the past and todays high impact news pushed gold sweep liquidity till the levels of 1995 which saw the rejection and FVG (Fair Value Gap) which was marked off along with bullish engulfing candlestick pattern formation as my three confirmations. 1.Trendline retest 2. FVG 3. Bullish engulfing 4....
The current market for USD/JPY is dominated by the bears, who are eagerly anticipating a continuation of the downward trend. At this crucial moment, the trendline support is highly vulnerable. As Tokyo traders enter the market on Friday, the price of USD/JPY remains stagnant, resting below a significant resistance area near 132.70 on the 4-hour charts. The US...
Yesterday, our long Take Profit (TP) for the EURUSD was successfully achieved, and we have now expanded the TP zone to encompass the 1.1060 level, where the price could potentially rise in the coming days. Our trading bias remains decidedly bullish for the days ahead.
After successfully implementing yesterday's trading idea, the USD/JPY is currently profitable. However, a new bearish momentum may be on the horizon, and as a result, we have updated the Take Profit (TP) target to reflect a potential drop in price. Our trading bias remains bearish, given that the EUR/USD is currently showing growth.
In the early Asian session today, the EUR/USD currency pair made a noteworthy move by touching the psychological resistance level of 1.1000. This marks the first time in over two months that the major currency pair has reached this level. While the pair is facing obstacles in extending its rally beyond this point, the upside momentum is still holding strong. This...
The EURUSD currency pair is exhibiting a continued upward momentum today, favoring the existing bullish uptrend. As a result, our team has formulated an insightful analysis, proposing a new long position to align with the prevailing trend.
Hello traders, Today, I have observed a divergence in the USD/JPY currency pair, and based on my analysis, I propose a new short setup for this pair. However, if the price manages to break the resistance level at 134.20, it will invalidate the short setup, creating room for a long scenario. Thank you for considering my analysis, and happy trading!
Hello Traders, Gold has recently experienced a pullback around the $1990 area, where it coincided with the 50% Fibonacci levels. This seems to be a good entry point for the continuation of the uptrend rally, following the main trend. We anticipate a fresh pullback in the long view.
Hello Traders! In our last idea, we predicted a pullback in the EUR/USD around the 38.2% Fibonacci level, and it seems like our prediction is coming true. The price is currently following a bullish trend, and we may see a new long impulse very soon.
Hello traders! As we discussed in our last idea, the USD/JPY is currently experiencing a bearish trend and has already reached the 61.8% Fibonacci level. We anticipate further downward movement in the market and maintain our bias for a short continuation.