Strifor || SILVER-23/04/2024Preferred direction: BUY
Comment: Metals , on the contrary, show a negative trend at the beginning of the week, but within the framework of long-term movement, this is just a normal correction. Long trades of both gold and silver are considered. For silver , the price approached important support at the level of 26.50 , from where last time we recorded a maximum at the level of 29.78. A more likely scenario involves growth from this support with a target at the level of 28.50 ( scenario №1 ). Scenario №2 assumes growth after a small false movement towards the support area of 25.50 .
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EURAUD
Strifor || NZDUSD-23/04/2024Preferred direction: BUY
Comment: The New Zealand dollar duplicates the sentiment of its older brother, the Australian dollar . Since last week, the buy priority has been maintained, and only the growth target has been changed, which we are considering at the level of 0.59857 . Setting a goal higher than 0.60000 will be a rather risky idea, so it is best to limit the goal to this level.
Considering this week, we offer two scenarios where the most likely growth will not be long in coming (scenario №1) .
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Strifor || AUDUSD-23/04/2024Preferred direction: BUY
Comment: Tuesday has started more positively for the majors, especially for the euro and pound , which we talked about yesterday (these trading ideas can be viewed). The Australian dollar, like the above currencies, is on the buy list. Here, we continue to keep previous long positions with a target at the level of 0.65010 . Within the framework of the current week, we can consider two scenarios, which are depicted on the chart. The more likely scenario №1 assumes growth from around current prices. US PMI data may help buyers here if the figures will be less than forecast.
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Strifor || GOLD-Week StartingPreferred direction: BUY
Comment: Gold has been saving a long mood since last week. Despite the short-term fall at the beginning of the new trading week, growth is still expected towards the current historical highs at the level of 2430 . Scenario №1 , which we gave in our previous trading idea for gold, is already active. The maximum from current prices is expected to grow towards the level of 2430 . Most likely, a new maximum will be recorded, so growth to 2500 can be considered.
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Strifor || EURUSD-Week StartingPreferred direction: BUY
Comment: Since last week, we continue to follow to the buy-priority for the euro . Last week passed mainly within the balance of 1.06000 - 1.07000 . For the coming week, we highlight two scenarios, where the most likely scenario №1 says about an increase from current prices. Scenario №2 is quite aggressive on the part of the seller, but it is not excluded since the US dollar may still strengthen at the moment, and strengthen significantly. We consider the growth target at the level of 1.07225 .
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EUR-AUD Swing Long From Support! Buy!
Hello,Traders!
EUR-AUD went down and
Retested the rising support
Just as I expected and now
We are already seeing a
Bullish rebound so I think
That we will see a further
Move up from support
Buy!
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Approaching resistance at 61.8% Fibonacci retracementEUR/AUD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.65020
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement
Stop loss: 1.65572
Why we like it:
There is a pullback resistance level
Take profit: 1.64152
Why we like it:
There is a pullback support level
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Alikze »» EURUSD | Wave 5 correction scenario from leg CIn the daily time, it moved up after a complete 5-wave cycle, which is currently correcting the previous movement wave in a complex three-wave cycle. The last correction log after the breaking of the support area that corrected itself at 61.8 the previous wave has broken the area downwards, which is currently a resistance area for it. This upward correction wave of wave 4 is a correction of a full cycle of the correction log of wave C, which can continue until the support floor before this correction in the form of wave 5, which can include 5-wave correction microwaves, until the support zone. If the behavior and structure of the post changes, it will be updated.
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EURAUD: Rejection at the top of the Channel Down.EURAUD has turned marginally bearish on its 1D technical outlook (RSI = 44.934, MACD = 0.000, ADX = 23.651) and dropped under the 1D MA50 and 1D MA200. This happened at the top of the Channel Down. We turn bearish, aiming at a symmetric LH wave of -4.31% (TP = 1.60250).
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Strifor || EURUSD-19/04/2024Preferred direction: BUY
Comment: Despite the latest tensions in the Middle East, we continue to maintain a bullish sentiment for the euro , as we wrote at the beginning of the week. Most likely, the tension has dropped, but will constantly keep investors and traders in suspense. We are considering a medium-term strengthening of the European currency towards the level of 1.07500 , and we can also consider a target at the level of 1.08000 .
Scenario №1 is already in full production, and scenario №2 is in reserve.
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Strifor || EURAUD-18/04/2024Preferred direction: SELL
Comment: A potential medium-term sale is brewing for the EURAUD currency pair. At the moment, the key role is played by resistance at 1.66296 . The price, having already felt resistance, stopped its movement at the level of 1.66000 .
Two scenarios for selling are proposed, where the more likely scenario is a preliminary approach to the level of 1.66296 ( scenario №1 ). A fall from current prices is less likely, but can also be considered under conservative risks. The target for the fall is located at the level 1.64609 .
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EUR/AUD H1 | Potential bearish reversalEUR/AUD is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.6519 which is an overlap resistance.
Stop loss is at 1.6555 which is a level that sits above a pullback resistance.
Take profit is at 1.6476 which is an overlap support.
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EUR/AUD BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
EUR/AUD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 1.662.
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EURAUD: 300-600 PIPS Buying Bias! EURAUD consolidating in daily timeframe, in our view there are two areas where price can head towards. First is where we think price can continue the bullish move towards 1.80. In our second area, where price can drop hard and take out the daily sell side liquidity. At the current market condition our second scenario looks more suitable.
Good Luck ;)
EURAUD: 10/04/2024 | SetupsFX_ |Dear Traders,
As we had explained before that EURAUD is likely to rebound once it come nears to a discounted price zone and price just did the exact same thing. Currently, we need ample volume for momentum to begin upwards, this trade currently in beginning stage and it is likely to continue rebounding as we progress. We need to keep an eye out at the downtrend trend line which remain vital for our trade to hit our target. If price rejects there then it is likely that it will create another lower low and may continue dropping.
Good Luck and Trade Safe.
euraud analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Strifor || GBPUSD-19/04/2024Preferred direction: BUY
Comment: The British currency also remains on the long sheet. Here, too, at the beginning of the week, as with the euro, we gave priority to purchases. Unlike the euro , this currency pair updated its local minimum, which made it possible to collect additional liquidity and liquidate “extra” buyers before potential growth.
The growth target remains at 1.25346 , growth to 1.26000 can also be considered. Both scenarios are activated.
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EURAUD Set To Fall! SELL!
My dear followers,
This is my opinion on the EURAUD next move:
The asset is approaching an important pivot point 1.6565
Bias - Bearish
Safe Stop Loss - 1.6600
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.6509
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Sell EURAUD Triangle BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a triangle pattern.
Potential Short Trade :
Entry: Below the broken support line of the triangle, ideally around 1.6570 after confirmation.
Target Levels:
1.6477: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected downwards from the breakout point.
1.6420: This is a further extension of the downside target, based on the height of the recent price movement.
Stop-Loss: Place a stop-loss order above the broken support line of the triangle, ideally around 1.6610. This helps limit potential losses if the price fails to break out and reverses upwards.
Thank you.
EUR-AUD Risky Long! Buy!
Hello,Traders!
EUR-AUD is trading in an
Uptrend and the pair broke
The falling resistance
Which is now a support
Then made a retest and
Is going up again so I think
That we will see a further move up
Buy!
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EURAUDEURAUD was trading inside the descending parallel channel . The price is reacting well the support and resistance of channel.
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 1.6670 followed by 1.6740
What you guys think of this idea?