SELL BIAS ON XAUUSDToday's trading might be sluggish, but it's worth noting that gold's trajectory is currently pointing downwards. If it surpasses the 1960 threshold, there's a chance it could decline significantly to 1862. It's best to keep a close eye on the market, and if you choose to take a position, please bear in mind the associated risks.
Forextraidng
AUDUSD H1: Bearish outlook seen, further downside below 0.7000On the H1 time frame, prices are facing bearish pressure from the resistance zone at 0.7000 in line with the 50% Fibonacci retracement and 78.6% Fibonacci extension where we could see a further drop below this zone to the support zone at 0.68700. Failure to hold below the 0.7000 could see prices push higher to the next resistance zone at 0.71000. Stochastic is testing resistance at 97.25, supporting the bearish bias.
AUDUSD M30: Bearish outlook seen, further downside below 0.6910On the M30 time frame, prices are showing bearish order flow with lower highs and lower lows being formed. A pullback to the resistance zone at 0.6910, in line with the graphical resistance zone and 38.2% Fibonacci retracement could present an opportunity to play the drop to the support zone at 0.6850. Stochastic is testing resistance and seeing a bearish divergence as well, where we could see further downside in prices.
NZDUSD M30: Bearish outlook seen, reversal below 0.64080On the M30 time frame prices are approaching the resistance at 0.64080, in line with the Fibonacci confluence levels and descending channel’s resistance where a pullback to this zone presents an opportunity to play the drop to the support target at 0.6370. Stochastic is approaching resistance at 90.13 as well where we could see a reversal below this zone in line with prices.
GBPUSD Holding Support - Ready to soar1D Chart
GBPUSD is holding support around 1.37300 but the pair is still in a mid term bearish cycle which started from June 2021.
1H Chart
Price has broken the support trendline but is still holding 1.37300 support. If this support holds, we are still looking for upside to 1.3900. Alternatively if the support breaks, we will look for continued downside into the 1.3600 level.
GOLD what is the plan?Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURAUD approaching support, potential for big bounce!Price is approaching our first support (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur to our first resistance (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is also approaching support.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
EURJPY approaching support, potential bounce! EURJPY is approaching our first support at 124.80 (78.6% fibonacci retracement, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 125.81 (50% fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD approaching resistance, potential drop! EURAUD is approaching our first resistance at 1.6077 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.5951 (horizontal swing low support, 100% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where 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.
NZDUSD approaching resitance, potential drop!NZDUSD is approaching our first resistance at 0.6935 (horizontal swing high resistance, 100% extension) where a strong drop might occur below this level pushing price down to our major support at 0.6872 (horizontal pullback support, 100% extension, 50% fibonaccci retracement).
Stochastic is also approaching resistance where 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.
NZDCHF approaching resitance, potential drop!NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 78.6% fibonacci retracement, 100% extension) where a strong drop might occur below this level pushing price down to our major support at 0.6825 (horizontal swing low support).
Stochastic is also approaching resistance where 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.
EURJPY approaching support, potential bounce!EURJPY is approaching our first support at 125.93 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 126.90 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7105 (horizontal overlap resistance, 76.4%, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.778 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where 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.
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 56.85 (horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 44.79 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where 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.
LTCUSD approaching support, potential bounce! LTCUSD is approaching our first support at 41.59 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 48.81 (61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDUSD approaching support, potential bounce!AUDUSD is approaching our first support at 0.7057 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7143 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF approaching resistance, potential drop! USDCHF is approaching our first resistance at 1.0032 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.9993 (38.2% fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where 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.
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.9120 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our first support at 0.9021 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where 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.
DAX approaching resistance, potential drop! DAX is approaching our first resistance at 11778.68 (Horizontal pullback resistance, 50% fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (horizontal pullback support, 61.8% fibonacci extension, 50% fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
AUDUSD approaching support, potential bounce!AUDUSD is approaching our first support at 0.7057 (horizontal swing low support, 61.8%, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7143 (horizontal overlap resistance, 61.8% fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.