GBPNZD: Very Bullish Price Action 🇬🇧🇳🇿
GBPNZD looks bullish after a test of a strong daily support.
I see a nice cup & handle pattern on that and a confirmed bullish
imbalance on a 4H time frame.
With a high probability, the price will go up at least to 2.169
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Forextrader
Analysis Dollar / DXYConsidering that elections were held yesterday, the market was manipulated overnight.
What I see from my analysis is that the Dollar is in the POI (Point of Interest) zone. Today, I will monitor the movement of EUR, GBP, as well as Gold. The forecast for these currencies is bullish.
NZD/CHF Long, EUR/AUD Short and EUR/NZD ShortNZD/CHF Long
Minimum entry requirements:
• 1H impulse up above area of inflection.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/AUD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USDJPYaccording tecnical market is bullish for next week as well in my prediction jpy will reach back to 161 to its previus high till end of or before november. chart is clear to understand, dont forget to cheack weekly chart according to breakout. fvg is still valid for a spike. leave a comment for your thought.
XAUUSDwednesday was great 230 pip to the ground and yesterday was also bos easy to pull down 130 pip 2735 entry to direct 2723 what a trade. well what i see now in the chart clearly i explained to understand even if ppl are new, if not then need education only. im still looking for a short on gold. what you all think let me know in the comment.
NZDUSD: Bearish Rally Continues 🇳🇿🇺🇸
NZDUSD may keep falling after a release of US fundamentals.
As a confirmation, I see a breakout of a support line of a bearish
flag pattern after a test of a key resistance level.
The price will most likely reach 0.6 level soon.
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Gold long will too long read the caption Good Day... And a Tom Terrific Tuesday to you! Well, a PT guy came to the house yesterday, sent by my doctors, to get me strong again... I told the PT that my youngest son was a PT, and he about turned around and left, but then I told him that my son hadn't checked with me, so he was more than welcome to begin... I passed all the tests! I even blew the guy away with my balance! And That, was the highlight of my day! I did sit outside and read again, marking two days in a row of me getting outside... It's the little things that I work toward these days.... Uriah Heap greets me this morning with their 70's anthem song: July Morning... This is the song that I quote the lyrics to the first Pfennig of July
Gold crash the bear & continue the bull read the caption (XAU/USD) is already up half a percent to trade in the $2,730s on Monday during the European session after rising over 1.0% on Friday. The precious metal is gaining on a mixture of increased safe-haven demand due to the intensifying conflict in the Middle East and moves by the People’s Bank of China (PBoC) to further ease credit conditions by cutting interest rates.
Gold swing bull and bear read the caption price reached a fresh all-time high on Thursday, trading as high as $2,969.63 a troy ounce during American trading hours. Gold buyers gained confidence early in Asia as the poor performance of local shares fueled demand for safety. Demand for the bright metal was also backed by concerns about the United States (US) future government. Three weeks ahead of the election, polls show a tight vote intention between the two candidates, generating uncertainty
Gold swing bull and bear read the caption price reached a fresh all-time high on Thursday, trading as high as $2,969.63 a troy ounce during American trading hours. Gold buyers gained confidence early in Asia as the poor performance of local shares fueled demand for safety. Demand for the bright metal was also backed by concerns about the United States (US) future government. Three weeks ahead of the election, polls show a tight vote intention between the two candidates, generating uncertainty
GBPJPY confirm 5000 pips tradej read the caption Intraday bias in GBP/JPY remains neutral for the moment. On the upside, break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. Sustained break there will target 208.09 high. On the downside, below 192.87 minor support will turn bias back to the downside for 189.54 support. Further break there will target 183.70 support
Gold will above 2687 2695 read the caption price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685.
The metal remains strongly supported by growing prospects for global monetary policy easing, geopolitical tensions and uncertainty surrounding nearing US election.
Although the Fed officials are divided on the number of rate cuts until the end of the year, the central bank remains on track for more policy easing
Gold will above 2687 2695 read the caption price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685.
The metal remains strongly supported by growing prospects for global monetary policy easing, geopolitical tensions and uncertainty surrounding nearing US election.
Although the Fed officials are divided on the number of rate cuts until the end of the year, the central bank remains on track for more policy easing
Usdjpy bearish big dip expected read the caption USD/JPY has been struggling to break past the resistance level at 149.55 despite repeated attempts over the past five trading sessions. The Japanese yen remains under pressure as the Federal Reserve signals a more moderate approach to interest rate cuts in its upcoming meetings, contrasting with the broader expectations of more aggressive rate reduction
AUDNZD: Your Trading Plan to Buy 🇦🇺🇳🇿
AUDNZD is currently retesting a recently broken daily horizontal resistance.
For trend-following buying, pay attention to a bullish flag pattern
on a 4h time frame.
Your confirmation will be a violation - a candle close above its resistance.
After that, buy the pair, anticipating a growth at least to 1.108 level then.
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Gbpusd confirm trendline read the caption The US Dollar (USD) gains support from increasing expectations that the US Federal Reserve (Fed) will avoid aggressive interest rate cuts, following a strong jobs report and concerns of sticky US inflation. According to the CME FedWatch Tool, markets are currently pricing in an 88.2% probability of a 25-basis-point rate cut in November, with no anticipation of a larger 50-basis-point reduction
Gold today analysis confirm buy target read the caption This disappointment was followed by China’s consumer and factory-gate price inflation data on Sunday, which showed the extension of the disinflation trend in the world’s biggest consumer, sapping investors’ confidence.
Additionally, intensifying geopolitical tensions between Israel and Iran and also between China and Taiwan remain a cause for concern for investors, and hence, they scurry for safety in the USD at the expense of the Gold pri