A very strong opportunity to enter the SELL trade is presented in the weekly chart. The price has moved into the 98.60 range twice since the beginning of the year; if the resistance is strong, the price will decline once it has advanced to this level. The Australian dollar will be valued in relation to the yen.
In the daily chart, if a double top is formed, we can enter into a sell trade, and of course, considering the shape of the closing of the daily candle, it can give us a better confirmation to enter into a short trade.
There are two chances to enter a buy trade in the chart above. Sometimes the chart really does say everything. Alternatively, you might wait for the green downward trend line to break before entering the buy trade following the downturn.
There are two opportunities for trade of this pair that we showed at the chart.
The trend is completely upward, but it should be noted that there is always an end to upward and downward trends, and you can see in the chart that the ceiling of 164.21 may be a good resistance that causes a downward reaction, and in such a situation, such as a 30-minute time frame, It is better to wait for the price to break 163.80 and then enter into the sale...
You can see in the chart that the pressure on the buyers has been limited, and since two days ago, the price has not been able to cross the range of 0.8755. Therefore, if the buyers do not succeed in taking control of the market again, it is possible that the price will return to the range of 0.8700 and 0.8686.
With the start of the European market, we can see that we have not had appreciable movement on gold up to this point, and the triangle pattern has also formed in the daily time frame. If the price crosses $1939.27, we can think about a long trade, and the next target is the price range of 1982. The dollar, which is the weekly resistance, will also have two...
Last week, it seemed that the buyers were in full control of the gold transactions, and on Friday, it seemed that the upward candlestick would be closed, but at the end of the New York trading and with the closing of the market, we saw that there is not much interest to start the upward trend of gold, but in Currently, this precious metal is trying to return to...
You can see the currency pair of the Canadian dollar against the Japanese yen. As we said before, due to fundamental reasons, we saw an increase in the value of the yen against most currencies. In the chart, we identified two resistance zones, one of which is the more important zone of 108.50 and can be between 108.28 and 108.50. The resistance range of 108.28 and...
You can see in the pound-to-New Zealand dollar currency pair in the daily time chart that the price has risen up to the range of 2.1425 and then we have seen a decrease in the price. If the price returns to this range again, we can look for the opportunity to enter into a sell trade, which is in the range chart. The yellow area will be where the price will be soon.
You can see that the euro has not moved against the dollar today, and on the other hand, the dollar has reduced its upward trend. According to the chart, from a technical point of view, we will have the possibility of a correction on the euro side. There are two scenarios for the euro. First, in case of failure. At the price of 1.071, we will likely continue to...
We expect to see a decrease in the error of the euro against the Australian dollar from this price point, and in a lower time frame, we can look for the opportunity to enter the sale and keep an eye on the current price range until tomorrow, when there is a meeting and speech by the Central Bank of Australia. We will have it, and then we will enter into the sale...
You can see the Australian dollar to US dollar chart in the daily time frame, where we assume that the sellers will not put more pressure. Currently, the price is at 0.6386, and if the price stays in this range today or until the end of the week, you can look for a buy deal. In the case of buying, we should set a profit target of around 600 pips and a loss limit...
In the gold chart, you can see that today it is at an important support, at the price of 1893.90. We also have the weekly support, which, due to the selling pressure and psychological factors, may be touched by gold today or during this week. And on the other hand, there is a support point, which gold is currently at (1903.92), which may prevent gold from...
The market has been strangely calm until this moment, which may seem like the calm before the storm. You can see the dollar-Japanese yen currency pair, whose price has touched it for the second time in the last month in the range of 144.73, and Buyers have taken a step back to reassess the situation to see whether it still seems reasonable to sell the yen or not....
Since last week, when the employment statistics in the non-agricultural sectorNFP, of the United States were published, the euro-dollar currency pair has not shown an acceptable performance this week, and we have not seen any significant movement from this currency pair. 1040, it may be possible to predict that the possibility of the price reaching the range of...
Since Monday, gold has been under selling pressure and has reached the current price of 1927 dollars from the previous price of 1945 dollars per ounce. There is no widespread sale of gold, and of course, it has important support in the price range of 1893 and 1900 dollars. If the price reaches this area, we may see an upward return of gold. Therefore, to enter the...