Potential bullish rise?NZD/JPY has bounced off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 83.42
Why we like it:
There is an overlap support level.
Stop loss: 82.42
Why we like it:
There is a pullback support level.
Take profit: 85.16
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
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GBPUSD Facing bullish pressure | 30 July 2021GBPUSD is currently holding above ascending trendline support. A further push up above our entry at 1.39490, where we have 23.6% Fibonacci retracement towards our take profit at 1.40202 where we have -27.2% Fibonacci retracement could be possible. Technical indicators are showing room for further bullish momentum as well
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Xauusd Gold uptrend
An impulse in the breakdown of resistance after consolidation. I'm waiting for the price to rise, because gold in the long zone, trading above the resistance level . Target - 1859
➖➖➖➖➖➖➖➖➖
My past forecasts on GOLD 👩💻
№1GOLD +215p✅
№2GOLD +335p✅
№3GOLD +380p✅
№4GOLD +253p✅
№5GOLD +238p✅
№6GOLD +172p✅
№7GOLD -30p❌
№8GOLD +95p✅
№9GOLD +118p✅
№10GOLD +132p✅
№11GOLD +198p✅
№12GOLD +30p✅
№13GOLD +220p✅
№14GOLD +123p✅
№15GOLD +54p✅
№17GOLD +65p✅
№18GOLD +54p✅
№19GOLD +120p✅
№20GOLD +94p✅
№21GOLD -20p❌
№22GOLD +54p✅
№23GOLD +131p✅
№24GOLD +53p✅
№25GOLD +161p✅
№24GOLD +88p✅
№26GOLD +264p
Gbpaud uptrend
The uptrend continues after exiting strong accumulation.
The price is trying to break through the price channel upwards, thereby increasing the distribution movement,
I think that a slight rollback to support with further growth is possible.
Actual target - resistance 1.90
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❗️8/8 last GBPAUD ideas come TRUE ❗️
✅GBPAUD №1 ✅GBPAUD №5
✅GBPAUD №2 ✅GBPAUD №6
✅GBPAUD №3 ✅GBPAUD №7
✅GBPAUD №4 ✅GBPAUD №8
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EURUSD Trading Strategy for the Fed Monetary Policy Jan 2020EURUSD setup is fairly simple. There may be early indications for USD weakness prior to the Fed monetary policy. Based on the daily chart the price is expected to target 1.1044. The lower support may be re-tested (around 1.0980) when the monetary policy is released but is expected to hold.
The analysis is intentionally kept short and simple.
USDCAD Testing Resistance, Prepare For ReversalUSDCAD is testing its resistance at 1.3115 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.3064 (23.6% Fibonacci retracement, horizontal overlap support)could.
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop could occur.
EURUSD approaching resistance, potential drop! EURUSD is approaching our first resistance at 1.1693 (horizontal overlap resistance, 38.2% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.1597 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement).
RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
quick 50-100 pips short before buyingI like the idea of selling this pair before buying. I think we can get a quick 50-100 pips of sell off towards the weekly and daily pivots before it starts to rally.
If it breaks below 1.2790 look for a quick move into 1.2740 and beyond.
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