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,...
AUD/USD it's inside a Bullish channel in the last session the price had a pullback in the previous support area 0.6800, where in confluence with the Major Fibo Levels the price may have a new Bullish impulse. Today the ADP Non-Farm Employment Change, the estimated change in the number of employed people during the previous month, excluding the farming industry and...
Gold makes a new retest of the previous support and the dynamic trendline of the previous bullish channel and in confluence, with the 38.2% and 50% Fibo seems ready for a new Long setup.
GOLD has turned sideways around $1,844.00 ( as predicted by us ) in the early European session after surpassing the $1,840.00 hurdle. The precious metal continues its struggle for breaking above the crucial resistance of $1,850.00. The gold price is expected to display a decisive move after the release of United States ISM Manufacturing PMI data. According to the...
EUR/USD inside a Bullish channel is making Higher-highs and Higher-lows with re-tests on the previous Support areas. Yesterday we shared our Idea about a new Bullish impulse meanwhile most traders were scared about the drop made by the re-open of the USA session market after a holiday pause. Today the US ISM Manufacturing PMI is seen dropping further to 48.5 The...
USD/JPY inside a Strong bearish channel is making Lower-highs and Lower-lows with re-tests on the previous Support areas. Today the US ISM Manufacturing PMI is seen dropping further to 48.5 The US manufacturing sector seems to be a contraction that is set to deepen further at the beginning of 2023, having shrunk for the first time in November after May 2020 when...
GOLD is in a strong Uptrend and today after a strong bullish impulse, the price had a retracement / Pullback in the support area where the value may continue to grow. We have recognized a Bullish flag pattern of continuation.
GBP/USD Shark pattern Formation after the aperture of the US session market this morning. The price in the morning had a massive drop but we are looking for a Pullback on this pair. We have recognized a Shark pattern with the Stochastic in oversold.
Today the market reopened for the US, a strong USD Impulse let's drop the EURUSD by 1,35% and the price now is approaching the Dynamic Support by the trendline of the bullish channel where also with the presence of the Fibo levels and the RSI in the oversold area can help the EUR to have a pullback. We are Looking for a Long setup
GOLD may have a Rejection in the resistance area with a Double TOP in this or the next sessions. Our Setup is about a new SHORT impulse with tight stop loss. On Wed Jan 4 the US economic news ISM Manufacturing PMI, JOLTS Job Openings, and the FOMC Meeting will be crucial to understand the start point of this 2023.
EUR/USD is in a strong uptrend rally, the price today may have a reversal as a retracement until 1.06400 - 1.06300 There is a Divergence on the stochastic indicator and we are looking for a new Short setup.
GBP/USD inside a Sideways area, the price rebound from the Resistances areas to the supports. The price comes from a strong rally uptrend in the higher timeframe that in the last sessions seems arrived at the point of retracement with a bearish impulse. We are Looking for a Short impulse.
USD CHF has been in a long-term bearish trend and has most recently been trading in somewhat of a channel. We look for USD CHF to rise to the upper channel line before looking for it to make a subsequent move back down. Long-term bearish trend Horizontal channel Most recent lower low
USD/CAD Double Bottom and the price trying to raise the value, now there is a retest of the previous support area around the 61.8% Fibo with stochastic ready to exits from the Oversold area. We are Looking for a Bullish impulse here.
NZD/USD in the last sessions recovers value after Christmas day with a strong bullish rally where the price can find a reversal area on the resistance around 0.6350 and have a pullback again in the direction of the main trend. The stochastic is in overbought and divergence area in H4 timeframe, We are looking for a possible reversal.
EUR/USD has lost its bullish momentum and retreated to the 1.0650 area after registering modest gains on Thursday. In the absence of high-impact macroeconomic data releases, investors are unlikely to commit to large positions on the last trading day of the year. Hence, EUR/USD should continue to fluctuate in its weekly range. The positive shift witnessed in the...
The GOLD presents a divergence on RSI on a daily timeframe meanwhile in short term, the price is still inside a Bearish flag after a Double Top with divergence in the last sessions. The stochastic is still in the overbought area and our Forecast is about a new Bearish impulse. DAILY TIMEFRAME