Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08250 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08250 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191.500 zone, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.500 support and resistance area. Trade safe, Joe.
From a technical standpoint, the price of gold has experienced a period of stability and upward movement over the past two weeks. This indicates that the price oscillation range is still holding within the area of resistance turned support, with prospects for a breakout to the upside. On the other hand, recent downward adjustments have found support around the...
Hello everyone, today GBPUSD continues its downward trend, with resistance at 1.267 acting as a significant barrier for this currency pair. From a technical perspective, I expect the price to decrease, favoring a SELL strategy once it touches the EMA again, as the EMA 34 is signaling a sell through trend reversal. The support level at 1.259 will determine...
Hello everyone, let's dive into the EURUSD dynamics together! The EUR/USD pair has extended its decline from the previous day's rejection at the Simple Moving Average (EMA) resistance around the 1.0865 area, facing selling pressure for the second consecutive day on Wednesday. Nonetheless, the spot price endeavors to stay above the 1.0800 mark during the Asian...
Yesterday, gold shimmered in green, touching a peak of $2,200 during the overnight session for North American traders amidst a softer US Dollar. As Wall Street came to life, the Greenback prolonged its recovery phase, while a dip in US Treasury yields allowed the lustrous metal to sustain its verdant glow. The 4-hour chart hints at easing upward pressure, with...
Sure, let me rephrase that for you in a more engaging tone: "Welcome to today's golden insights, fellow traders! 🌟 As the dawn of Wednesday unfolds, the lustrous gold has taken a modest step back, hovering around $2,170 despite yesterday's leap toward the $2,200 mark. The greenback is flexing its comeback muscles, yet the Treasury yields seem to wobble amid the...
Hello,Friends! The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2113.739. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! SILVER pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 24.646...
Hello,Friends! We are now examining the AUD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.584 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the GBP/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.713 level. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for USDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 151.249. Taking into consideration the structure & trend analysis, I believe that the market will reach 151.039 level soon. P.S Please, note that an...
Please, check our technical outlook for EURUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.085. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.082 level. P.S Overbought...
Take a look at our analysis for US500. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 5236.6. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26300 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26300 support and resistance area. Trade safe, Joe.
Hello, dear friends! Today, EURUSD continues to demonstrate its resilience with bullish candles, maintaining its stance above the 1.080 level. The technical outlook remains positive for this pair, but it needs to break through the 1.086 resistance level to solidify its upward momentum. Conversely, a breach below the marked support level could lead to a significant...
Today's Gold Market Insight: Struggling to capitalize on yesterday's modest gains, gold (XAU/USD) fluctuates narrowly around the $2,170 mark during today's Asian session. Yet, it's wise to hold off on aggressive bearish bets against this precious metal, especially considering the recent retreat from the record highs near $2,223 reached last Thursday. The Federal...
Hello,Traders! USD-JPY is going up to Retest a horizontal resistance Of 151.960 from where we Will be expecting a Local bearish reaction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!