EUR/USD is still inside a strong bullish rally where the price approach today a resistance area where a possible reversal may happen. The stochastic is in an overbought area and the EURO may make a Double TOP for a new Short setup. Our Idea is to see the Euro come back around area 1.0600
The GBP/USD reaches the 50% Fibo level from the Higher swing high in confluence with the resistance level of 1.2150 inside a resistance area. Our forecast is about a Short setup looking for the price to come back around 1.2000 area.
AUD/USD the price makes in the last sessions a strong increase value whereas today the price seems to react to 0.69400 resistance where a possible reversal may happen. The stochastic is still in the overbought area and our Idea is about a new Bearish impulse.
GOLD had a reaction on a strong resistance level of 1880.00 and today the price may converge on a bearish side after a previous strong bullish impulse on Friday. XAU/USD could take a breather before recapturing $1,900. Our forecast is about a retracement around the 50% Fibo from the last swing low.
NZD/USD After the Strong bullish impulse of Friday the price today reach the upper side of the dynamic resistance made by the Bearish channel in confluence with the 61.8% FIBO from the last swing high. This Area should be crucial for the price to see a possible reversal or a breakout for the upper side of the chart. Our Forecast is about a bearish impulse inside...
EUR/USD advances for the second session in a row on Monday and prints new multi-day highs in the 1.0700 neighborhood amidst the persistent selling bias around the US dollar. After the solid bullish impulse of Friday, the price has now formed a reversal Shark pattern exactly on the 1.0700 Area. The Stochastic indicator shows a Divergence and an overbought...
Trade idea week 2: I’m looking for a retest of recent highs then a free run up here. Double bottom, limited appetite for further lows. Awaiting confirmation.
Trade Idea for week 2: looking at the top of a downward channel here for GBPUSD. I expect a pull back. Awaiting confirmation post-US open on Monday.
GOLD had a strong Bullish candle despite the positive economic data release of the US Unemployment Rate , Non-Farm Employment Change and the Unemployment Rate and retest the previous resistance at 1850.000. We are Looking for a Reversal setup.
EUR/USD in a strong downtrend have a retest the previous resistance at 1.0520 - 1.0530 area after the positive economic data release of the US Unemployment Rate , Non-Farm Employment Change and the Unemployment Rate and the price may have a strong drop down in the direction of the main trend.
GBP/USD retest the previous resistance at 1.1900 after the positive economic data release of the US Unemployment Rate , Non-Farm Employment Change and the Unemployment Rate and the price may have a strong drop down in the direction of the main trend.
The pair GBP/USD is testing the support at 1.1800 and keeps the potential for an even greater decline. The pressure on the pound continues to be exerted by the worsening economic situation in England, as well as the local strengthening of the dollar. The UK economy is facing unprecedented domestic challenges, including high inflation, falling citizen wealth,...
GOLD started to make Lower-highs and Lower-lows where firstly a breakout and after a pullback of the 1840.00 level turn the scenario for the precious metal to the bearish side. Today the Economic calendar shows a full day of key events like the US Unemployment Rate, Average Hourly, Non-Farm Employment Change, and Unemployment Rate. This economic news can affect...
EUR/USD: The Dollar Index recovers value; the next target is 106.000 so all the pairs against the USD may have a drop today, this is the scenario for the EUR/USD inside a Bearish channel where in the last hours it started to make Lower-highs and Lower-lows where a possible breakout of the support at 1.0500 may let drop the price between 50 and 100 pips. Today the...
EUR/USD continues to stay inside a Bullish rally where a dynamic trendline worked as support for the last swing low where the price had a rebound and now, the price it's inside an accumulation pattern where we expect to have a breakout for the upper side of the chart. Our setup is LONG.
GBP/USD is still inside a Sideways area where the price in the last hours has recovered value and made a retest of the previous support level where a confluence of the Fibonacci level can give the right place for the price to have a bullish impulse on the upper side of the channel. We are Looking for a Bullish scenario.
EUR/USD is still inside a Bullish channel where in the past hours the price continues to stay inside an accumulation area where a daily uptick in the pair comes in line with a so far small bounce in the German 10-year Bund yields. Meanwhile, The US currency despite showing inclinations to rise to higher levels has managed to push the European currency to the level...
GOLD inside a Bullish channel in the last hours the price make a raising Flag pattern where the price finds a pullback in the previous support area in confluence with the 50% Fibo Levels. In this Area, the price seems today to react with a new bullish impulse and today's ADP Non-Farm Employment Change will be crucial for the price to understand the next move,...