Yesterday, gold experienced a significant bullish surge as we previously anticipated, hitting our take profit levels. Today, the price is consolidating and forming a Bullish Flag pattern, which suggests a high probability of a continuation of the upward trend. However, if the price reverses in this area, we will consider a short setup. Overall, our bias is still...
The GBP/USD pair started the current trading session with a new bullish impulse, following a significant upward movement in line with the main trend. There is a chance that this momentum could continue, potentially pushing the price towards the 1.2540 area. However, if the price falls to the 1.2420 area, it could signal a bearish setup.
Based on the analysis of economists, it is expected that the EUR/USD currency pair will reach the 1.10 level before the release of the US Nonfarm Payrolls data. However, some experts suggest that there may be a pause before this anticipated jump, and the pair may find some support around 1.0870/1.0880 due to a potential recovery of the US Dollar and the need for...
The USD/JPY currency pair has declined to 132.20, continuing its retreat from a two-week high. The drop in US Treasury bond yields and softer data, as well as upbeat comments from Japan's Prime Minister Fumio Kishida, may be behind the recent losses. Kishida has pledged more investment to speed up private investment in green transformation bonds to promote...
Important resistance I believe that accompanying BTC it will fall directly.
As we forecasted in our earlier ideas, EUR/USD experienced a pullback in order to continue the long setup in the direction of the main trend. Today, it appears that the price is poised for further growth. However, if there is a reversal towards the bearish side, we will be prepared to adjust our position with a bearish setup.
In the past few hours, there has been a new bullish movement in GOLD, and it has reached the level of 1968.380. This level could be a good entry point for a long setup. However, it's important to note that this level may also represent a retest of a previous bearish price pattern. In the event that this happens, we should be prepared for a continuation of the short setup.
The EUR/USD pair was expected to surge past the 1.10 mark this week, as per economists' predictions. However, the recently announced production cut by OPEC+ has given the dollar a much-needed boost, causing a delay in the anticipated move to 1.10. While breaking above 1.10 is still a possibility, the OPEC+ cut has had a positive effect on the USD, making it...
The USD/JPY pair has surged to an intraday high near 133.50, close to the highest level in two weeks. The recent rise can be attributed to higher US Treasury bond yields and a stronger US dollar as the market anticipates the release of the crucial Nonfarm Payrolls (NFP) report on Friday. The recent challenges to market sentiment, mainly from the OPEC+ group's...
Break of structure text book sell Let’s see if this hits our zone
There may be a potential reversal in the movements of EUR/CAD following the breaking of its dynamic trendline and testing the top at 1.4940. The negative correlation between EUR/CAD and EUR/USD suggests that an increase in EUR/USD and a decrease in EUR/CAD may occur. We are currently waiting for this to happen. Our indicator has already signaled a sell entry,...
It looks like the GBPAUD ended a five-wave rally yesterday at 1.8493, which should be followed by at least a three wave correction that could take prices to 1.8193 and 1.8000. In addition to the wave-count, there is a clear negative divergence between prices and RSI that confirm our view. A break above 1.8500 will negate this count.
I have just picked up a long entry on USD/CAD looking for 1.38622 as my overall target.
If price breaks above the upper trendline of the falling wedge and retests it, i anticipate GBPUSD to continue the bullish movement to my targeted zones. If price is rejected at this level and reverse back into the wedge, i expect the price to touch the lower trendline for a third touch.
SPOT BUY PLAY: FXS/USDT BROKE the consolidation range & CONSOLIDATING ABOVE IT after retesting it. Looking to accumulate some. Buy Zones are always mentioned on the charts itself with potential TAKE-PROFIT zones. STOP-LOSS = 25% below the average buying price TAKE-PROFIT zones are mentioned in the chart itself. DYOR. Always DO YOUR OWN RESEARCH before taking...
Good morning fellow Traders! I have been tracking the YENUSD pair with great interest in recent weeks as we have been rebounding from its local low. The pair has a beautiful long-term trend on the higher timeframes, setting the direction I have been looking to trade. We are currently sitting in a sweet spot, the price has been consolidating around 130-137,...
• BOC pauses rate hikes • Fed gets more hawkish again • US employment sector continues to show strength The USD/CAD has just hit its highest level since November 2022 after the Bank of Canada kept interest rates unchanged at 4.5% and US JOLTS Job Openings came in ahead of expectations at the same time, providing fresh ammunition for the greenback after Powell’s...
Just Short hold and sleeping... set the target you want. this will brighten your day. please dont forget your money mangement. your margin your energy!