Please, check our technical outlook for GBPCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.709. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.714 level soon. P.S Please, note that an...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per my last analysis, attached on the chart, NZDUSD rejected the lower bound of the channel and traded higher. 📚 Currently, NZDUSD is approaching the upper bound of the channel. Moreover, the highlighted red zone is a strong structure acting as a minor resistance. 🏹 ...
My dear subscribers, AUDUSD looks like it will make a good move, and here are the details: The market is trading on 0.6523 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6573 About Used Indicators: The average true range ATR plays an important role in 'Supertrend'...
Hi all! There was a breakout for 1 week, there is no point in looking for long trades against a locally downward trend, our zone of interest is the Order Block, from which the correction began. I expect the price to approach 1.09981, the removal of liquidity from equal peaks and a subsequent decline to the imbalance zone FVG(1M) to the zone 1.04 - 0.997. ...
Arx usdt analysis Daily time frame Risk rewards ratio >2.5 I guess Good pump for ARX USDT as it's historical movement
My dear subscribers, This is my opinion on the EURCAD next move: The instrument tests an important psychological level 1.4746 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4680 About Used Indicators: On the subsequent day,...
My dear followers, I analysed this chart on EURNZD and concluded the following: The market is trading on 1.7915 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.7975 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to...
My dear subscribers, GBPUSD looks like it will make a good move, and here are the details: The market is trading on 1.2669 pivot level. Bias - Bearish My Stop Loss - 1.2702 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.2605 About Used Indicators: The average true range ATR plays an important...
GBP/USD clings to recovery gains near 1.2550 GBP/USD holds gains near 1.2550 in European trading on Thursday. The pair draws support from BoE policymaker Greene's hawkish comments and a softer US Dollar. However, the upside appears elusive on escalating Mid-East geopolitical tensions, ahead of key US data. GBP/USD is the forex ticker that shows the value of the...
End of day update from us here at KOG: In the KOG report on Sunday we gave the extension levels of 2365 and 2372 as bullish targets which as we can see we're extending in to and completed one of them. Yesterday we said unless we broke below the bias level we were likely to take liquidity from higher again, so put caution on the short trades. Again, the...
Right now, the value of the Euro (EUR) compared to the US Dollar (USD) is low (around 1.0740) as per strong Dollar (USD) considering the following factors: The European Central Bank (ECB) will likely keep interest rates the same this Thursday, but might consider lowering them in June. The US Federal Reserve (Fed) might wait longer to lower interest rates...
Today's focus: Oil Pattern – Continuation? Support – 85.38 Resistance – 87.37 Hi, traders; thanks for tuning in for today's update. Today, we are looking at oil on the daily. After a surge from the USD caught a lot of attention yesterday, we are watching oil after it rejected a push lower by sellers and continues to hold in a potential continuation type...
Market Analysis PT2/2 (11th April 2024) GBPJPY Analysis On the 4 hour timeframe, price action rejected off the 4 hour Orderblock and created another bearish Change of character, This shifts my bias from bullish to bearish on the 4 hour. In the process, a 4 hour Fair Value Gap has been formed and if you drop to the 1 hour timeframe it also overlaps with a 1...
The rise in gold prices may be driven by geopolitical tensions in Ukraine and the Middle East, as well as stubborn global inflation. Despite concerns about the delay in the Federal Reserve's easing of US interest rates, investors have focused on protecting themselves against rising price pressures. Now, market attention will turn to the upcoming release of the...
Gold turned down after the US CPI report increased higher than expected. Gold "free-falled" to $2,319 as the US CPI report exceeded estimates and the market downplayed interest rate cuts. During the April 10 session, gold prices fluctuated strongly after the announcement of US CPI data exceeding estimates. The precious metal fell from $2,349 to $2,319 and then...
Gold has pulled back a bit in today's Tuesday trading session as it looks like we will continue to try to get higher. Regardless, I think this is a slightly stressed market and it might be worth noting that the relative strength index is well above the 70 level. All in all, I think the $2,200 level below would be an excellent support barrier similar to the 50-day...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 11 April 2024 Trade Idea 1 SELL LIMIT Order: $2339.77 Stop Loss: $2360.40 Take Profit 1: $2319.40 Take Profit 2: $2308.31 Trade Idea 2 SELL LIMIT Order: $2344.58 Stop Loss: $2360.40 Take Profit 1:...
Market flew up to resistance zone higher time frames now we are respecting this area with lower time frame candles created a low and restesting. looking to short this and waiting for London session to push market down to next clear support area.