CADJPY is one of three Japanese yen pairs that I held through the weekend. the other two pairs are EURJPY and SGDJPY as they share very similar price action patterns. The selloff in December 2023 seemed short-lived to me so I found an opportunity to enter long earlier this month. My best guess for the selloff is the collective premature anticipation of interest...
GBPUSD increased slightly in the previous session and is cautiously heading towards the peak of 1.28. Although the buyers have not yet shown dominance again, the prolonged accumulation price range in a main uptrend is a good sign for bullish bets. Brothers continue to hold existing long positions, targeting around 1.30 and SL below 1.26.
The market recently received information that the World Bank (WB) has forecast that the global economic outlook may still be weak, but with Latin America increasing compared to 2023. Specifically, the World Bank has forecast that Latin America's gross domestic product (GDP) in 2024 will increase slightly compared to the 2.2% recorded last year, and is expected to...
EURUSD continues to fluctuate in a narrow range, there have been no significant new moves, you continue to observe the two edges of the range, the direction of the breakout can determine the next direction of the price. Currently, we still have long positions following the uptrend. You can continue to hold the order, the SL is placed below the channel line and the...
So, we did hit that 4750 range, and ended up hitting it within just a few hours of my assessment that was the next area for us to head. That opens up a few trends to take us lower, specifically the 1hr and 2hr, as seen below in the trends; Last Macro Trend Signal Spots (ES Contract) 30m - 4722 Downtrend (1/8/2024) Lower Low 1Hr - 4757 Uptrend (1/5/2024) Lower...
Hello guys , On Gold today we have a strong bearish market which I am expecting a continuous downtrend for the market to keep moving to the downside and am expecting a pullback to level 2029.72 and continue to the downside..
I'm looking short on GBPAUD. After good structure on M15 or H1 I will enter. Maybe today maybe tomorrow. Market tell me. Let's be in touch.
The fluctuating range of gold prices has narrowed in the past session, no new notable signals have been created, so we still keep the old assessment, expecting the price to continue to go down, you can continue. Continue to hold short positions if any, the target is still around the psychological threshold of 2000.
GBPUSD also continues to accumulate in the range area, unable to establish a new high and confirm the continuation of the uptrend, however, the bullish structure is still guaranteed so the overall outlook is still bullish, You can continue to hold your existing long positions and place your stop loss below 1.26, we will only abandon this strategy when this...
COINBASE:ETHUSD Ethereum stands tall as a beacon of innovation, and its future in 2024 looks brighter than ever! With a strong foundation built on the groundbreaking achievements of 2022 and the ever-growing support of the crypto community, Ethereum is poised to make a remarkable comeback in the coming year. One of the key drivers of Ethereum's bullish thesis...
OANDA:XAUUSD XAUUSD (H4) Downtrend continues Sold at: 2034.039 Stop loss at: 2039.284 Take profit 1 at: 2024.947 Take profit 2 at: 2017.954
GBPUSD continued to recover in the past session after buyers successfully defended the support level of 1.26. Although it is still not possible to break the resistance at 1.28 and create a new peak to confirm the continuation of the uptrend. However, recent price behavior shows that buyers are gradually regaining control of the situation, expecting prices to...
In hourly time frames, gold prices lost their upward trendline after good news for the USD - especially the Non-farm news with 3 main data points that were higher than economists' forecasts. This news continued to be absorbed by the price until today's Asian session, causing the price to bottom at 2,027 USD/oz. However, the medium-term rising trendline is still...
The buyers have successfully defended the resistance level of 1.2600 and are coming back strongly. It can be seen that although they could not create a higher peak before, the failure of the sellers to create a lower low shows that the buyers are still market control. Those who still have a long position can continue to hold the order, the target is still around...
Sellers failed to penetrate the 1.0900 support level, a resistance level that includes an uptrend line. Prices created a notable doji candlestick pattern around this resistance level, hinting at the possibility of a price reversal. may return to the upward trend in price. Buyers can consider taking positions, SL is placed below 1.0900.
After creating a reversal signal around the lower border of the rising price channel, EURUSD increased slightly in the past session, but this move is still quite weak, not bringing about significant changes. If you follow the trend and have entered a buying position, you can continue to hold. SL placed below the price channel and target is around 1.1200.
During the initial week of 2024, global gold prices experienced minor fluctuations as the market endeavored to recalibrate expectations regarding the potential timing of interest rate adjustments by the US Federal Reserve (Fed), taking into account economic data. According to the most recent weekly gold survey by Kitco News, half of the retail investors engaged...
as we can see on the weekly timeframe, gold broke all time highs and fell right back below the previous highs marked with a horizontal ray. If gold starts moving back into 2060 region and above that ray, that could be an indicator that sellers arent strong enough to keep the price below and we may see another bullish run. however if the price remains below and...