Hello traders, I am looking for an opportunity to follow the bearish trend after breaking the demand zone 162.800, the current wave cannot breach the key level of 163.400, and the rejection indicates the end of the correction at the 0.618 Fibonacci level, I think it is an opportunity to sell. entry 163.30 risk 1/2.8
Hello traders, all focus today is on the possibility of selling after exiting the consolidation. The price finds support in the demand zone, but in light of the bearish trend, I expect to break the bottom after retesting the key area of 0.9960. Interest rates are expected to rise by 75 basis points today. entry 0.9960 risk 1/3.
The US Federal Reserve is meeting on Wednesday and is anticipated to raise rates by 75 basis points (bp) according to a Bloomberg survey of economists. There has been speculation of a 100 bp tightening but the market has this priced as only a slim possibility. This rate disparity may put AUD/USD under pressure, particularly if forward guidance from the Fed is...
The US dollar starts to rise again. Optimistic about positive news tomorrow and rate hike. The pair fails to break the resistance level 1.1466, forming a double top pattern. Weakness is a good entry signal to follow the trend.
Bitcoin continues to fall against the strength of the dollar, after breaking the support level of 19600, the price is retesting the area, and the second rejection from the supply indicates the continuation of the fall.
The US dollar continues to rise, the upward trend on the USD/CHF pair breaks the previous resistance of 0.9660 and retests the area, the rejection from the area means the continuation of the rise
today's trade USD/JPY LONG. the pair is still bullish, following the trend from the demand zone143.00. the US dollar is still strong, especially with waiting for the interest rate hike on September 21.
The US dollar returns to rise after the release of the cpi numbers. the rejection from the 1.0023 area, confirming the return of the bearish trend.
The trend is still breaking all the resistance levels, with this momentum, I think the price will break the next resistance at 1.0200.
The current movement is an upward correction wave, we are waiting for confirmation to buy at the demand level of 163.20, we are targeting the top for the short term.
The demand at the level of 1692 pushes the price to rise again forming a bullish structure, the correction wave stops at the Fibonacci level of 0.618. we target the resistance level of 1725 and higher levels in the long term.
From technical analysis, we see all signs of a reversal or a long-term correction. The dollar also fell, affected by the gas deal between Russia and China
A big fall for the pound after breaking the 1.1750 support level. After the rejection from the resistance level of 1.1550 and breaking the bullish trend, we are targeting the bottom in the short term.
The price is making a corrective movement by testing the confluence area with the previous support and the Fibonacci retracement of 0.5 level. After the rejection, we have resistance in the short term to enter to follow the bearish trend.
The Markit Composite PMI and Services PMI for the Eurozone were just released, which recorded a noticeable decline against expectations. Where these two indicators indicate a decline in the conditions of the economy and confirm the predicament of the European deflation, as it came below 50 points. This is in light of the recent turmoil in Europe in general, and...
The ascending structure was broken after testing the main resistance at 1.0080. The corrective movement ended at 0.618 Fibonacci level, Rejection from the area is a good entry point to follow the bearish trend
After confirming the breakout of the ascending structure and the required support area of 20600, the price is retesting the previous support. After rejecting the area, we target the main bottom 18000.
The pound collapses against all pairs, after failing to breach the previous support of 1.7040, the price is retesting again. Strong resistance is a good entry point to follow the downtrend