In the bigger picture, correction from 151.81 (2023) high could have completed at 140.25 already. Rise from 127.20 (2023 low), as part of the long term up trend, is probably ready to resume. Decisive break of 151.93 resistance (2022 high) will confirm this bullish case. Next medium term target will be 61.8% projection of 127.22 to 151.88 from 140.22 at 155.21 This...
Hello traders ,what do you think about GBPUSD? This currency pair has broken its trend line and support zone. It is expected to fall to the specified level after correction and pullback to the broken zone. If this post was useful to you, do not forget to like and comment.🙏
Dow Jones The index is drifting lower from its record high seen on Monday, but with no sign yet of a more significant move lower.The continued barrage of earnings may act to drive the price downwards, in which case last week’s lows around 37,200 may provide support. Below this, the 50-day simple moving average (SMA) becomes the next area to watch. A close back...
Btc The technical picture now is more bearish as the decline from the 20-month high reached two weeks ago has continued, with the price trading above the big round number at $40,000 and breaking above some resistance levels which have now likely flipped to become resistance. Despite this bearishness, over the past couple of days the price has firmed up and...
Eurusd relatively volatile after the latest flash manufacturing and services PMI numbers from the US and Europe. It initially jumped to a high of 1.08980 and then pulled back as traders wait for the upcoming ECB decision and US economic data. The latest numbers by S&P Global showed that European manufacturing sector continued to contract in January as companies...
It has been an unpleasant month for oil traders. Crude oil has risen $3 this month but it's been a rough road getting there with repeated whipsaws intraday and extreme choppiness in trading. Headlines about the Red Sea have been faded over and over again despite bullish implications and fears of an OPEC breakdown remain high. However when you back it out, the...
Gold has bullish it's a good opportunity as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against...
US stocks climbed broadly higher on Monday, etching in fresh all-time highs as last week’s late break into record prices carried over into the new trading week, with tech stocks leading the way higher and sending the Dow Jones Industrial Average (DJIA) over the $38,500.00 valuation for the first time ever. Dow Jones ready to bullish trend The Standard & Poor’s...
Therefore, the outlook for Bitcoin is bullish, with the next point to watch being at $34,000. In the longer term, however, there is a likelihood that it will bounce back and retest the in few month high of 44 080
The eurusd pair trade little change for a second eurusd will down soon so wait and see consecutive day changing hands at around 1.0880 ahead of united states us opening the peaked at 1.0906 while it net a bottom at 1.0876
Going with the trend we can ensure our profits, sure enough! We are going on a downtrend, a reversal since May 23, we can see a new LL created after breaking an old HL, and creating a new support selling in this trade 1.5 Trade at your own risk!
USDJPY NEXT UP MOVE FOREX, Forex Lovers Can Follow Us For Intraday Trades..
Buying EURGBP! It looks like it’s not going to make a new low.
USDJPY has rejected the 135.663 level by a bullish engulfing candle, foll [wed by a pin bar, heading to the 137.794 resistance level. Place your stop below the support zone, below 135. 663 as indicated in the chart.
Zoom to see, please . Chart analysis: H1 timeframe. There is a confluence right now in the eurusd chart: the price has retraced to the trendline after breaking it, and it has rejected the horizontal and sloppy trendlines at the same time. The present candle has formed a bearish pin bar. It is a sell time. Our first profit target will be 1. 05961. Trade like a pro;...
Hello there, my fellow traders, Zoom It To See Clearly . Yeah, the wedge has been broken, but the price is still above the support and resistance zone. What next? What should you do now? The simple answer is waiting, meaning you have to exercise patience here to see if the price will break and close below this zone and the 1.0583 level before looking for a...
Hello there, What is happening today in the cable market? Nothing much! It's just that, currently, the cable is selling strong. In the H4 timeframe, we have seen that the price has pulled back, respecting and rejecting the 23.6 fib level. If the current candle closes to form a bearish engulfing candlestick pattern, then we are good to sell It right away. Why...
Hi there again, this analysis is from the H1 timeframe. An inside bar candlestick has formed now. It's a buy time. Don't be scared. It's going to end in profit. We have seen the confluence: the price has respected the horizontal line and the trendline support level area. A Doji candle has formed. Just wait for this current candle to close for confirmation. Entry:...