XAUUSD🤑 Retest support line📈So far, the yesterday's price movement pattern is being perfectly worked out. I also expect a drop in quotations. Below is a link to the previous idea for your convenience!
Have a nice trade!
Fxsignal
GBPUSD❗Go down??💲Due to weak statistics from the US, it has a chance for the uptrend to resume. So far, the price is again spreading above the Kijun-sen and Senkou Span B lines, so the trend is considered ascending. However, it is necessary to look in the next couple of days if yesterday's movement was not an accident. On October 29, we distinguish the following levels: 1.3741, 1.3833, 1.3886.
Have a nice trade!
EURUSD📈The weak point of the dollar❗As is often the case, movements occur exactly at the moment when it would seem that there are no prerequisites. So, for the pair under consideration, the euro exchange rate took and grew literally out of nothing in the midst of the formation of a sideways trend. The local maximum has been updated and the price is trying to gain a foothold at these values.
Most likely in the near future we will have a successful consolidation at the indicated level, after which the price growth will continue. For this reason, purchases remain a very promising solution.
Investment idea: buy 1.1675, stop loss 1.1650, take profit 1.1750.
Have a nice trade!
USDJPY❗ Sideways range📈USD / JPY four-hour chart. The currency pair fell back to support at the daily supertrend line. Nevertheless, buyers continue to hold the price above this level, therefore, as a priority, we still consider the scenario with the growth of quotations towards the level of 114.06.
Trading solutions: buy 113.59 take profit 114.05
Have a nice trade!
GBPUSD❗Go down??💲GBP / USD four-hour chart. The currency pair is declining, being in the overbought area. There are no reversal signals of the current price movement on the chart yet. Therefore, we consider the scenario with the further development of the downward movement as a priority. We consider the level 1.3672 as the first target.
Trading solutions: sell 1.3750 take profit 1.3672
Have a nice trade!
XAUUSD🤑 Retest support line📈XAU / USD quotes continue to move in growth and the bullish channel. At the time of the publication of the forecast, the price of Gold is $ 1787 per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, indicating pressure from the seller's asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the level near the 1765 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1880.
Have a nice trade!
USDCAD❗UP trend!⚡Currency pair US dollar Canadian dollar USD / CAD continues to move within the correction and the downward channel. At the time of publication of the forecast, the US dollar rate against the Canadian dollar is 1.2361. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, indicating pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to develop a fall and a test of the level near the 1.2275 area. Further, an upward rebound and continued growth of the currency pair on Forex. The potential target of such a movement of the instrument is the area above the level of 1.2555.
Have a nice trade!
GBPUSD❗Selling pressure💲GBP / USD four-hour chart. The currency pair remains under pressure from the overbought area. Buyers are still unable to gain a foothold above the four-hour supertrend line. Therefore, as a priority, we consider the scenario from the beginning of the downward movement in the direction of the daily supertrend line.
Trading solutions: sell 1.3700, take profit 1.3620
Have a nice trade!
EURUSD❗downward movement💲The four-hour chart of the EUR / USD pair. The currency pair is still holding below the daily and 4-hour super trend lines. Therefore, we continue to consider the scenario with the development of a downward movement towards the level of 1.1550 as a priority.
Trading solution: sell 1.1625 take profit 1.1550
Have a nice trade!
EURGBP Great Short Trade For US Session! 🔻
Trading in a long term bearish trend,
EURGBP was stuck in a sideways range for quite a while.
Finally we see its bearish breakout.
It gave me a reason to short the pair.
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XAUUSD❗What will happen next📈XAU / USD quotes continue to move within the growth and bullish channel. At the time of the publication of the forecast, the price of GOLD is 1805 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1765 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1880.
Have a nice trade!
USDJPY❗Going up📈USD / JPY four-hour chart. The pullback movement continues to develop on the chart. The price is approaching the level of 114.0. Today we expect the growth of quotations above this mark. The nearest target is at the level of 114.35. In the medium term, we can see the growth of quotations to the reversal level of 114.84.
Trading solutions: buy 113.85 take profit 114.35
Have a nice trade!
XAUUSD🤑Sidewayse range📈On the current day, the price is expected to move between the nearest zones. After an attempt to put pressure on the resistance zone, a change in the vector and a decrease in the price towards the support zone is likely.
Potential reversal areas
Resistance:
$1800.0 /$1805.0
Support:
$1775.0 /$1770.0
Have a nice trade!
USDJPY❗Resistance level📈USD / JPY four-hour chart. The currency pair tested support at the daily super trend line. So far, the bears cannot push through this level, so today we consider the scenario with the development of a moderate upward movement at the level of 114.06 as a priority.
Trading solutions: buy 113.55 take profit 114.05
Have a nice trade!
GBPUSD❗Go down??💲GBP / USD four-hour chart. The currency pair could not hold above the level. The price dropped below the four-hour supertrend line. Against this background, today we are waiting for the development of a moderate downward movement in the direction of the daily supertrend line. Do not forget that the overbought zone resists the price with its entire area.
Trading solutions: sell 1.3780 take profit 1.3710
Have a nice trade!
EURUSD📈Resistance level ❗The four-hour chart of the EUR / USD pair. The currency pair continues to trade in a wide horizontal channel with borders at the daily supertrend line and the level of 1.1658. As part of the sideways trend, we are waiting for the development of a moderate downward movement to the daily supertrend line.
This scenario will be canceled after the price fixes above 1.1665.
Have a nice trade!
XAUUSD❗What will happen next📈XAU / USD quotes continue to move as part of the correction and the formation of the "Triangle" pattern. At the time of the publication of the forecast, the price of GOLD is 1793 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1745 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1880.
Have a nice trade!
USDJPY💲Corrective reduction❗USD / JPY four-hour chart. The currency pair has consolidated below the four-hour supertrend line, therefore, as a priority, we continue to consider the scenario with the development of a downward movement with a target on the daily supertrend line. In the medium term, we can expect a decline in quotations to the main support level.
Trading solutions: sell 114.15 take profit 113.25
Have a nice trade!
GBPUSD❗Go down??💲GBP / USD four-hour chart. The currency pair remains in the overbought area and is held above the four-hour supertrend line. Therefore, we still consider the scenario with an increase in quotations as a priority. The target is the same - the upper border of the overbought area at 1.3916.
Trading solutions: buy 1.3785 take profit 1.3916
Have a nice trade!
EURUSD📈Bullish mood❗The four-hour chart of the EUR / USD pair. The currency pair is still holding above the daily super trend line. As a priority, we continue to consider the scenario with the development of an upward movement and the price exit from the local sideways upward. This scenario will be canceled after the price drops below the daily supertrend line.
Trading solution: buy 1.1620 take profit 1.1719
Have a nice trade!
AUDUSD Long! What a Day of Buying Opportunities ↗️
Let's take a trend-following long trade on AUDUSD.
Reason - retest of a broken key level & positive bullish reaction from that.
The pair will most likely keep growing now.
Buy.
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XAUUSD🤑 Local resistance level?📈An additional signal in favor of raising the XAU / USD quotes will be a test of the support area on the relative strength index (RSI). The second signal will be a rebound from the upper border of the bearish channel. Cancellation of the option to raise GOLD prices on October 21, 2021 will be a fall and a breakdown of the level of 1705. This will indicate a breakdown of the support area and a continued fall to the area below the level of 1675. Expect an acceleration of the rise in XAU / USD quotes with the breakdown of the resistance area and closing of the price above the level of 1815, which will indicate a breakdown of the upper border of the "Triangle" model and the beginning of the pattern.
Have a nice trade!
USDCAD❗Retest resistance level⚡An additional signal in favor of reducing quotes will be a test of the resistance line on the relative strength index (RSI). The second signal in favor of the fall will be a rebound from the upper border of the descending channel. Cancellation of the option to drop the USD / CAD currency pair at Forex will be a strong growth and a breakdown of the 1.2595 area. This will indicate a breakdown of the resistance area and a continued rise in quotations to the area above the level of 1.2865. It is worth waiting for confirmation of the pair's fall with the breakdown of the support area and closing of the USD / CAD quotes below 1.2265.
Have a nice trade!
