onlychance11

onlychance11 Updated 

This analysis focuses on the bearish trend witnessed in the NZD/USD currency pair, primarily caused by the recent announcement from the New Zealand central bank to suspend the upward movement of interest rates. The NZD and USD are prominent currencies in the foreign exchange market, and their exchange rate is influenced by multiple economic factors and central...

onlychance11

Analysis on GOLD. The price has started to show a lower low, stopping its bullish impulse. In addition, it seems a cup with a handle pattern with a retracement in the 61.8% zone of Fibonacci tools. I determined supports and resistances where the price could bounce. BULLISH: If the price breaks the 1910 area, it could point to 1930 as the first target, then check...

onlychance11 Updated 

After the price was rejected in the 15,000 area, It confirmed the bearish view with a new short impulse. I analyzed areas where the price could use as support. This negative impulse could cause by the forecast of a hike in interest rates over 0.5 pti in the next FED meeting in May. Mainly to contrast the high inflation. For the next week the price could: 1-...

onlychance11 Updated 

Analysis of EUR/USD Short/Medium Term. The price showed two different bearish impulsive with similar depth. The price action is bear structured. As I showed in the Long term view there are two main lower targets that could be achieved such as 1.06382 and 1.04450. This view is confirmed with a break-out of the 1.0701 area. Probably, this week we could assist at a...

onlychance11

Eur suffered a devaluation compared to Usd since the end of 2021. The FED anticipated the hiking interest rates compared to the ECB, so its value strengthened and the price action was strongly bearish on this asset. Actually, the price moves around the dynamic support of the big triangle drawn but the price action will be influenced by the next national bank...