REN has formed a 3 white soldiers pattern which refers to 3 large green candles which is an indication the market will go up 🔵Entry Zone 0.068600 - 0.071728 🔴SL 0.062321 🟢TP1 0.0777269 🟢TP2 0.0859800 🟢TP3 0.108784 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for...
By examining the EURUSD daily chart, we can figure out that the price reached the bullish order block and had a bullish reaction and we can see the FVG which failed, and the daily candle closed above it so it now plays as a support for us. In addition, the price formed a liquidity pool below the bearish order block, so we can expect the price to move higher to...
Global gold prices remain stable, trading at $2028 per ounce and marking a 0.12% recovery for the day, despite the trend and movement showing little change with the EMA 34 and 89 converging with resistance. Gold faces pressure from the minutes of the Federal Reserve's (Fed) first policy meeting, yet the precious metal continues to consolidate above $2000 per...
Well as you can see the price created the inversion FVG at the 4-hour chart. Now, if the price stays below this inversion we can target the sell-side liquidity. On the other hand, if the price tries to move higher, liquidity above 1.36188 can be the price target. 💡Wait for the update! 🗓️21/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
With gold now up for the fourth day in a row, it has allowed a nice bullish trend to develop on the 1-hour chart. The recent gains were accompanied by increased volume and tapered off as the price retraced. The price is currently trying to build support around the 10-day EMA and previous highs/double tops around $2024 and RSI (2) is oversold, so perhaps an...
Today's gold prices continue to enjoy support, with an increase to around $2030. Current Situation: The gold market has recently broken free from a downward trend, indicating potential momentum shifts. However, it's common for the market to experience retracements following such breakthroughs. Forecast: A slight pullback towards the trendline's support level is...
Hello traders, we want to check the AUDUSD chart. The price is moving in an uptrend after breaking the descending channel. The price has pulled back to the specified support level. We expect this level to maintain the upward trend of the price and the price will grow to around 0.66200. Good luck.
During the early hours of Wednesday's trading session, the USD/JPY pair delicately dipped below the pivotal psychological support level of 150.00, mirroring investors' cautious sentiment. This occurred as the US Dollar Index (DXY) further slid to 104.00, amplifying the downward pressure on the dollar. A technical analysis reveals a slight downward trend for...
Today, the GBPUSD pair maintains stability above the 1.2600 level, moving within a price wedge, indicating a potential upcoming breakout from its current trend. Both the short and medium-term outlooks remain favorable for GBPUSD buyers, as evidenced by the current behavior of the two EMAs. The pair is expected to rise after reaching the boundary of the trendline.
The GBP/USD pair has regained its upward momentum, breaking above the 1.2650 mark for the first time in a week on Thursday. While it experienced a slight loss of traction towards the end of the previous day, it encountered no significant difficulty in stabilizing above the 1.2600 level. The short-term technical outlook has yet to signal a building bullish...
Yesterday's speculation that the Federal Reserve would cut interest rates in March did not materialize. This morning, gold prices opened on the market at $2027 per ounce, showing little change from the previous session's close. Today's gold price movement is expected to remain stable as investors have yet to find significant insights from the Federal Reserve's...
Strong data leads to upgrades to growth projections for Canada and the US by 2024. Strong growth comes with discovery costs. Enjoying the easing of growth in the United States, stronger growth is leading us to push the first reduction into the third quarter of this year to reach a total cut intensity of 100 basis points. Stronger growth in Canada, strengthening...
Although gold prices increased slightly yesterday, they adjusted back down early this morning. Gold prices continued to recover during the session on February 20, approaching the resistance level at $2,030. However, this morning the gold price had a slight correction and is currently trading around the construction level of $2,026. Gold's rise is currently being...
Gold price today is moving around $ 2028 and is supported in the context of a British cargo ship attacked in Yemen. Since then, financial investors are concerned about escalating geopolitical tensions, motivating them to bring capital into gold to preserve capital. On the other hand, the market expects the gold trading will be exciting when China's leading...
Hello, dear friends, today Eurusd has multiplied a number of motivation to increase prices significantly. The price is currently in the range of 1,081 and is supported when this pair of money exceeds the resistance level of 1,078 and turns this into a new support level to help EURUSD continue to move forward. I am expecting the goal for us to continue buying...
Today, the USD/JPY is trading around the 149.90 level, approaching a nearby support level with a predominant sideways movement, tilting the short-term outlook in favor of bearish momentum. In the hourly timeframe, USD/JPY is exhibiting a Symmetrical Triangle pattern and has made a downward breakout. Should the current support be breached by a Double Top pattern,...
As you can see the price grabbed the previous day's low liquidity and had a bullish reaction. So we can expect the price to go for a higher target. Please pay attention: we need LTF confirmation for entry. 💡Wait for the update! 🗓️21/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
📈 Get ready to capitalize on a major growth opportunity with NRFBUSDT action. My in-depth analysis, based on Fibonacci principles, reveals key levels indicating significant upside potential. 🔍 Fibonacci Levels: My Fibonacci study points to critical levels, with crucial buying zones between 0.0006676 and0.0009923. These levels, marked in orange and red, represent...