Today'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.
On 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...
On 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...
On 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...
1D 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...
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.
EURUSD is approaching our first resistance where we might be seeing a corresponding drop to our first support. Stochastic is approaching resistance as well.
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. Trading CFDs on margin carries high risk. Losses can...
NZDUSD is approaching our first resistance at 0.6895 where we might see a drop in price to our first support 0.6823. Stochastic is also approaching resistance where we might see a corresponding drop in price.
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...
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...
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...
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...
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...
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...
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...
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...