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GOLD price will surprise you!Hello Traders GOLD Price will surprise us this year here is why: 1- a W pattern is forming but it needs to be confirmed. 2- the double bottom pattern is confirmed. 3- downward momentum from 2067 to 1927 has no big volumes(also volume decreased), so it could be some form of correction, 4- last week, the FED news showed some uncertain weaknesses for the USD. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
OANDA:XAUUSDLong
by FortunaInvestments
2
BTC 28k is possible in near futureHello Traders BTC is playing weak for the last few weeks, but the downward trendline is going to be weak and weaker. after hitting 24800 support, BTC jumped off the support and made a Higher high. RSI and Stochastic indicators are showing good signs. it is possible that the price makes an upward move toward 28k. but if the downward trendline rejects the price hard, then we should expect lower prices. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by FortunaInvestments
EUR/USD Short-Term prediction(6/2/2023)Hello Traders Last week EUR/USD was moving inside of a bearish channel and then, this week, took the chance of the weakened USD and broke out from it. It seems the bearish movement has been reversed and we should expect some upward corrections. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by FortunaInvestments
2
GBP/JPY Short idea(5/31/2023)Hello Traders It seems the price has completed a bullish 5-wave impulse Elliot wave and right now it is completing wave 5. Also, we have a big weekly resistance between 174.7-175.1 and likely we will see some price actions there, but wait for reversal signs before taking any short positions. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by FortunaInvestments
Gold Prediction (Short Version 5/29/2023)Hello Traders There are several factors that can affect the gold price this week, actually NFP and unemployment data are necessary for future FED decisions and gold of course. So without overthinking about what will happen, let's focus on present market price action. Gold Price is moving inside of descending channel and forming a bearish 5-wave impulse Elliot wave. if fundamental views haven't changed, We are expecting the price to correct itself and then continue its way downward. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
OANDA:XAUUSD
by FortunaInvestments
USDJPY Next move!(bearish)Hello Traders In bigger picture(TF daily) the price is making an ABC correction. In smaller TF Wave B is completing and trend still bullish in 4hr TF. RSI has been reached in overbought zone so we should expect a small correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by FortunaInvestments
USDCAD Possible Price Action(5/15/2023)Hello Traders After a 5-wave bearish impulse, It is possible that USD/CAD is forming the correction wave C. But if the price breaks below the redline our view will be invalidated. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by FortunaInvestments
EUR/USD Price Prediction(Bearish)Hello Traders EUR/USD is showing some bearish signs, like: 1- RD- in Daily TF 2- bearish movement in Lower TFs 3- Broken Rising Wedge But we need confirmations for further bearish moves, so we need to wait a little for the price to retrace a bit. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by FortunaInvestments