Forexintelligence_NA

Forexintelligence_NA

Hello traders, Nas100 is moving according to how I predicted in my previous ideas. Finally today, the index broke above the falling wedge. At this point, I predict a strong impulse to the upside and bulls may first target the February 2023 high of 12883 and possible reach to the August 2022 high of 13700. We also need to take in consideration that the index...

Forexintelligence_NA

Hello traders, Let's look at EURUSD and see the current price action on it. We have noticed that the pair has printed a double bottom with its neckline violated. I anticipate an upward momentum from the violated neckline. Let's keep in mind that CPI will cause a lot of volatility in the pair and we could expect a spike to the downside before heading up. My...

Forexintelligence_NA

Since 2020, Gold has been in a correction, forming what seems to be like a handle of a cup. Just a decade ago, the yellow metal took a long term break off of its bullish rally for a cup of coffee. This time it looks like the yellow metal is completing its giant cup and handle and possible resume its bullish trend. We can't wait to see what 2023 has in store. Do...

Forexintelligence_NA

As I stated in my previous analysis, NAS100 has reached a significant level, a demand zone where price reacted a number of times in the past acting as both support and resistance. We noticed a spike to the downside through the support level during yesterday's trading sessions which only ended the day with an indecision candle. I believe buyers would not give up so...

Forexintelligence_NA

NAS100 has reached a strong demand zone. Price bounced up several times from this zone. There's higher chance that buyers will defend this zone again. My expectation is that the index will bounce up from this zone. We can also see that the index is trading within a larger falling wedge. Buyers may push price up from the demand zone to the resistance of the falling...

Forexintelligence_NA

Due to the weakness of US dollar index, Gold is targeting higher prices. Currently trading above 1847 key level, I anticipate an increase in price and next resistance is seen at 1870. We will be monitoring price for further developments to go long. If you find this idea helpful, please support it with likes.

Forexintelligence_NA

NAS100 is moving within a larger falling wedge pattern. Higher timeframe bias is extremely bullish. Bulls are now eyeing the resistance of the falling wedge. I expect price to keep on increasing and eventually breakout of the falling wedge and continue rising to 12740. Traders, if you find this idea helpful please be kind to leave a like. All the best for this week.

Forexintelligence_NA

NAS100 is aiming for liquidity above 12158.09 and then fall to 12021.50. As mentioned in our previous idea, NAS100 bias is bullish on higher timeframe. A violation of 12158.09 will imply that buyers have gained control of this market and NAS100 will switch bullish on lower timeframe to align with the higher timeframe trend. If it cross above 12158.09 today, for me...

Forexintelligence_NA Updated 

The index made a strong bearish pull back into 11810 demand zone from the February 2023 high. Overall bias is still bullish, from the demand zone I anticipate a short term increase to 12000. Please do support this idea with likes if you find this helpful.

Forexintelligence_NA

After a series of LHs and LLs, EURUSD has switched momentum from bearish to bullish. We are waiting for a current pull back to finish to look for long at 1.06156 with overall target of 1.08034. If you find this idea helpful, please do show your support with likes.

Forexintelligence_NA

Gold broke out of the large falling wedge and the yellow metal has now switched bullish. I expect Gold to rise to 1847. We will be looking for long around 1827 (demand zone). Please do support this idea with likes.

Forexintelligence_NA

Hello traders, We been observing EURNZD for a potential buy opportunity. We noticed that the pair has been in an uptrend, creating classing higher highs and higher lows. Yesterday we witnessed a strong sell off in the pair that settled closer to the 1.70000 psychological level which is also a demand zone. We are currently seeing a strong bullish reaction from...

Forexintelligence_NA

GBPUSD looks like bulls are in control as it bounced up from 1.193 key level due to short term weaknesses in US dollar index. The pair is tempting to break above the falling trendline and it looks to me that it will not hold. If we see a complete violation, we could see price extending to 1.226. For best entry we need to wait for a complete break above 1.213 and...

Forexintelligence_NA

NAS100 broke below the rising trendline on 1 hour timeframe. It looks like sellers are pressing the index to the downside. Sell with two targets: 12000 and 11897.19. Please support this idea with likes.

Forexintelligence_NA

This coming week, we anticipate US30 to further weaken. Technically, the index failed to break the strong resistance zone and bears succeeded to push price lower and broke below the trendline support. There is high chance that we could see US30 continue declining this coming week. We will be monitoring price for possible short positions with two targets in mind,...

Forexintelligence_NA

This coming week, we anticipate NAS100 to further weaken. Technically, the index did not succeed to push price higher, instead it printed relative equal highs which suggest weaknesses. Bears succeeded to break below the 12200 and 12000 psychological levels which also acted as support. There is high chance that we could see NAS100 continue declining. We will be...

Forexintelligence_NA

AUDUSD we are bearish biased. We are expecting US dollar index (DXY) to appreciate during the coming days, which in turn will send Australian dollar lower. Technically, the pair has now switched bearish. We will be looking for short opportunities the coming week and we will be paying attention to an imbalance and a bearish candle that opened at 0.65044 on 09...

Forexintelligence_NA

Last week we spotted a rising wedge pattern on EURUSD. This is a bearish reversal pattern and we were expecting EURUSD to show weaknesses, seeing that US dollar index is rebounding. I anticipate that EURUSD will gravitate towards the imbalance and a daily bearish candle at 1.00703 of 09 November 2022. We will be monitoring price on Monday, London open to see if...