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.
During early Easter Monday morning in London, the GBP/USD currency pair is experiencing a drop for the fourth consecutive day, as it takes offers to refresh the intraday low near 1.2400. This is a result of the US Dollar rebounding due to risk aversion and hawkish bets on the US Federal Reserve (Fed), following last week's pullback from a 10-month high. Meanwhile,...
Over Sold, and crashing into an Order Block In principle it could go down a little more but opening a long could be a good idea.
The EUR/USD is currently in a Bullish trend, and in the last few hours, the price has been attempting to stabilize and undergo a pullback before continuing its upward momentum. The price is now nearing the 38.2% Fibonacci level of continuation, which could potentially trigger a new Bullish surge in the direction of the overall trend.
The GBP/USD has been in a bullish uptrend, and recently experienced a pullback to a previous support level, forming a bullish flag pattern indicating potential continuation. Today, the price may react at the support level and continue its upward trend. However, if the price drops below 1.2360, it may indicate a reversal and a bearish signal.
Over the past two days, the price of gold experienced a corrective downward movement, nearing the 50% Fibonacci level from the last swing. Today, this level may be critical in determining the metal's next move, which could potentially be a new bullish impulse in line with the main trend. However, if the price falls below the value of $1990, it could signal a reversal.
s anticipated in our previous ideas, GOLD appears to be gearing up for a new bullish run. During the Asian trading session, the price found support in the 2010.000 area. Our forecast indicates a potential long continuation in line with the current uptrend.
The EUR/USD experienced a reversal during the Asian trading session, with the current price at 1.09020. Traders are now seeking a long bullish continuation with the previous swing high as the target. However, if the price falls below the 1.095 area, the scenario could change, leading to a potential short setup.
After Hitting Our Previous Take Profit, We Are Anticipating a Long Continuation Setup on GBP/USD. The Price Has Formed a Bullish Flag Pattern in the Last Few Hours, Finding Support at the 61.8% Fibonacci Level Before a Strong Push Up in the Direction of the Main Trend. Our Focus is on a Long Setup Continuation in the Direction of the Main Trend.
Yesterday, as we described, the GBP/JPY currency pair experienced a retest of its previous support level. This coincided with the 61.8% Fibonacci level. As we predicted, the price pulled back and our idea for a long setup entered the profitable zone with a strong bullish impulse during the Asian trading session. Today, we are anticipating a continuation of this setup.
Over the past few hours, the USD/CAD currency pair experienced a significant downward movement in line with the prevailing trend, following the release of yesterday's news. Today, the price is attempting to rebound after hitting a low of approximately 1.34. Our analysis suggests that there may be a pullback towards the 61.8% Fibonacci level before resuming the...
According to economists at ING, the Euro to US Dollar exchange rate (EUR/USD) is likely to be primarily driven by the US Dollar in the near future. The pair may see a surge above the 1.1000 level, but the economists believe that it will be challenging to sustain any further gains. The economists note that if the ISM services reading comes in below consensus, it...
The bears appear to be in charge of the USD/JPY as the US Dollar lingers close to a 2-month low. The market's focus now shifts to Friday's Nonfarm Payrolls jobs data. The USD/JPY has dropped in Tokyo, reflecting the US Dollar's continued weakness. The pair is currently trading at around 131.50 and has fallen from its earlier high of 131.73 to a low of 131.30. The...
– Previous Daily candle closed strong Bullish at 2020.600 as Daily breaks above recent Daily Resistance and the previous Monthly High. – Buys on close above 2025.100 targeting 1h previous Support formed on 9th March 2022 at 2030.100, Leaving Runners to the next 1h previous Support formed on 9th March 2022 at 2038.600. – Sells on close below 2016.200 targeting...