Considering the breaking of the upward trend line and the formation of the descending MTR, it is likely that it can continue to fall until the first target, 17500
A very sharp divergence has formed in the daily time frame. I said before, we need to see a deeper correction.
A decline will happen soon in this zone ! The Wall Street index is in an extremely overbought zone and in an extreme divergence
Strong divergence can be seen in the indicators. The possibility of correction is very high. I do not look at buying situations at all
The euro has reached an important support zone. Important Fibonacci levels of the previous bullish leg, and the uptrend line of the daily timeframe. We follow the daily reaction candle
I take the first step of the sell position on the gold chart at this point. I will enter the second step at 2330. My first target is 2190.
It is very likely that we will soon have a correction to the targets of 149.420 and 148.000 in this currency pair. Pay attention that this analysis is in the daily time frame and the trigger to enter the trade is the breaking of the 150.00 level down in the 1-hour time frame.
In the current area, in addition to the downtrend line, there is also the 61.8% Fibonacci level and the overbought area of the Rsi. We are likely to see some selling pressure in the US dollar soon
After the previous detailed analysis on DXY, which we recognized the correction well, we have now reached an important order block in the 4-hour and daily time frame. If this important level is broken, the next level can bring the price back to the target.
After the previous ultra detailed analysis, we have a strong resistance in this important zone. We have the possibility of correction to the specified zones and then growth to the initial target of 1.1 - 1.102.
It is now on an important support area. Also, the fear index has peaked in the market and this forms important return points and zones in most cases
Gold is likely to have a correction towards the lower regions. The reason for this movement is the large volume of sales in the areas above 2100. The first drop target is 2110 and the next target is 2086.
Euro has reached an important support range in the daily and weekly time frames. Seeing the daily confirmation candle, we enter a buy position with a loss limit behind the purple area and a minimum reward of 2.
Considering the breaking of the upward trend line and the formation of the descending MTR, it is likely that it can continue to fall until the first target, 38100.
As long as we are above the drawn level in the 1-hour time frame, we are waiting for buy positions. These positions can be attractive with the FVG filling target
The Euro has reacted positively to a strong support in the weekly time frame. (two pinbar candles with relatively long shadow) Also, this zone overlaps with an oversold area. Euro/Usd is expected to start an upward move soon (after breaking 1.08000).
There is a high volume of unfilled orders at 38675 and 38500. We should probably move in that direction, down
There is a high volume of unfilled orders at 17475. We should probably move in that direction, down