GOLD: course to support zoneAnd so, as predicted, Gold is feeling the strongest pressure from the US dollar. There is no need to wait for indulgences from the American yet. The instrument will clearly return to the support area 1723 - 1740.
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GOLD-SILVER
AUDUSD: BREAKOUT BULLISH DBW,FAKE BREAKOUT/BULLISH CONTINUATION?Hello Enthusiast Forex Traders! Here's short-term outlook for AUDUSD , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
AUDUSD is breaking out of the Descending Broadening Wedge Pattern. Breakout of descending broadening wedge pattern could indicates the possibility of bullish movement ahead. The momentum indicator already crossed above the zero area, it signify the potential upward movement to the target area.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.
EURUSD: recovery is not plannedAnd so, in the area of the level 1.15890, the price most likely intended to consolidate. But the selling pressure is not being eliminated so far, and the instrument would continue to fall further, to update the lows further. Ahead, the target is the level of 1.15300. The Euro may be supported only by weak news data from the US, but this is unlikely. High-energy prices in Europe, as well as inflationary expectations, put pressure on the currency.
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AUDNZD: Australian resistsFollowing the results of today's meeting on the RBA monetary policy, the head of the Central Bank F. Lowe has presented an accompanying statement on monetary policy. According to the statement, the rate will not be raised until 2024. Analysts predict that the economic expansion of Australia would continue in the near future, after a series of measures (for example, vaccinations, which should strengthen the labor market).
Against the backdrop of such news events, the Australian strengthens its position against the New Zealander. AUD is expected to recover further from the fall in the summer in the near future.
Proposed deal for this tool:
Entry Point - 1.04606 (BUY-Stop)
Stop Loss - 1.04349
Take Profit - 1.04863
GOLD: sellers break through by 1740And so, the current situation is in favor of the sellers. The price exit from the descending channel most likely turned out to be a false breakout. Sellers will press on the levels 1758.250 and 1749.400.
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GOLD: US dollar hits gold prices down And so, GOLD, as usual, most of all feels the pressure of the US Dollar (in this case). This is the specificity of these two trading instruments: the weakness of one is the strength of the other (in most cases). So this time, GOLD is falling, and it is expected to fall more. An approach to the upper border of the support area is planned today.
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GBPUSD: to last week's lowAnd so, the pound is also feeling pressure from the US dollar and continues to fall. At the moment, there is a high probability that the instrument would fall to the low of last week. Most likely, the minimums would be updated.
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Gold and Silver most important support and resistance levelsMoving toward 1800 is expected for gold.
In these charts, you can see the most important support (green lines) and resistance (red lines) to watch in the coming days!
What Is a Three Outside Up?
The three outside up is three-candle reversal patterns that appear on candlestick charts.
The three outside up is a bullish candlestick pattern with the following characteristics:
The market is in a downtrend.
The first candle is black.
The second candle is white with a long real body and fully contains the first candle.
The third candle is white with a higher close than the second candle
Three Outside Up Trader Psychology
The first candle continues the bearish trend, with the close lower than the open indicating strong selling interest while increasing bear confidence. The second candle opens lower but reverses, crossing through the opening tick in a display of bull power. This price action raises a red flag, telling bears to take profits or tighten stops because a reversal is possible.
The security continues to post gains, lifting price above the range of the first candle, completing a bullish outside day candlestick. This increases bull confidence and sets off buying signals, confirmed when the security posts a new high on the third candle.
Reference Article:
www.investopedia.com
EURCHF: do not stretch buyingAnd so, the EURCHF pair remains SELL-mood. However, at the moment some weakening on the part of sellers has been recorded. Thus, it is expected that the instrument would correct upward. It is not recommended to keep BUY-positions for a long time, as the mood is bearish.
Remember, there is no place for luck in trading - only strategy!
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XAUUSD 1D TF : 01.Oct.2021Well, as we know, today is the last trading day of the week and the price was fluctuating in a downtrend ... we have to see if the price can break this important X-Point resistance with starting the next week or not ... now the price is in There is a strong resistance range ... If this resistance breaks, we can expect to climb to $ 1787 and then to $ 1805. If the price fails to break this range, we can expect it to fall to the previous Lower Levels ... OANDA:XAUUSD
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 01.Oct.2021
⚠️(DYOR)
EURCHF: growth expectedEURCHF was approaching 1.07 in August, but lately the pair has moved higher and was briefly above 1.09. Some analysts expect to see EURCHF at 1.11 in 12 months. It may be realized on high eurozone CPI.
Proposed deal for this tool:
Entry Point - 1.07883
Stop Loss - 1.07657
Take Profit - 1.08108
GOLD: growth is limitedAnd so, an upward impulse was showed yesterday. For today, it would inspire bullish sentiment only in the short term. It is too early to expect decisive action from buyers. The main support remains at the level of 1723. Also, the support area may now be 1740 - 1747.
Remember, there is no place for luck in trading - only strategy!
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USDCHF: going wellAnd so, USDCHF rose above 0.9350, but failed to close above this mark. There are some signs of weakening bullish momentum. Given the moment, the pair may begin to consolidate and retreat a little.
A close above 0.9350 would target the March high (~ 0.9472). A drop below 0.92340 will ease the bullish pressure.
Today, a downward movement is expected within the boundaries of the uptrend channel.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.