GBPUSD Analysis ANd Next Market Move - BullishPair Name = GBPUSD
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPUSD is looking with fakeout pattern. Now this is ready to get good volume and after this bounce we can see gain UpTo 300Pips+ easily. As soon as market will move above this trend line then this bullish trend will be clear again.
Bullish Targets :-
1.33000
1.34000
Harmonicforex
EURUSD Analysis And Route Map For Next MovePair Name = EURUSD
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Details :-
EURUSD is ready to get good volume now and it dropped well from last few days. Exactly on the way as predicted. It will hit a strong support level around 1.090 to 1.087
Price level.
Bullish Targets :-
1.12
1.13
Bearish Target :-
1.09
1.08
EMA 5 Cross over.
1.097
1.100
XAUUSD H4 Analysis And Route Map for next MovePair Name = XAUUSD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2650 Gold Price level and 2670 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2653 to 2658. That indicates if Price breaks this level. Then we will see a small retesting period.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2615 to 2600 price level.
EMA 5 Crossing levels:-
2655 To 2658
Retracement Zone:-
2600 To 2615
Bullish Gold Levels:-
2673
2690
Bearish Gold Levels:-
2650
2638
2615
2600
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move. Happy trading.
USDCAD H4 Analysis And Route Map For NExt MovePair Name = USDCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bearish
Details :-
USDCAD volume Decreasing gradually. It has completed the retesting period. Exactly on the way as predicted. It will hit a strong Support level around 1.34600 to 1.34000 Price level.
GOLD H4 Analysis And Route Map For Next Move - BullishPair Name = XAUUSD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2650 Gold Price level and 2670 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2655 to 2650. That indicates if Price breaks this level. Then we will see a small retesting period.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2615 to 2600 price level.
EMA 5 Crossing levels:-
2650 To 2655
Retracement Zone:-
2600 To 2615
Bullish Gold Levels:-
2673
2690
Bearish Gold Levels:-
2650
2615
2600
2589
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move.Happy trading.
EURUSD H3 Analysis And Route Map For Next MovePair Name = EURUSD
Timeframe = H3
Analysis = technical + fundamentals
Trend = Bullish
Details :-
EURUSD got good volume and moved well from last Few days. Exactly on the way as predicted. It will hit a strong resistance level around 1.11946 to 1.12430
Price level.
Bullish Targets :-
1.11950
1.12430
Bearish Target :-
1.11470
1.11180
EMA 5 Cross over.
1.11500
1.11300
GBPJPY H4 analysis & Trading Route MapePair Name = GBPJPY
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPJPY got good volume and moved well from last 2 days. Now this is ready for small drop and there we can see it will hot a strong support level around 190 to 190.5
Price level.
Bullish Targets :-
193.400
195.450
Bearish Target :-
191.0
190.0
188.9
EMA 5 Cross over.
191.4
191.2
XAUUSD H4 Analysis And NExt Route Map for tradingPair Name = Gold
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2615 Gold Price level and 2638 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2620 to 2622. That indicates if Price breaks this level. Then we will see a small retesting period.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2638 to 2650 price level.
EMA 5 Crossing levels:-
2620 To 2622
Retracement Zone:-
2600 To 2615
Bullish Gold Levels:-
2638
2650
Bearish Gold Levels:-
2615
2600
2564
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move.Happy trading.
XAUUSD H4 Analysis - Details with Market LevelsPair Name = Gold
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2590 Gold Price level and 2615 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2590 to 2593.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2580 to 2585 price level.
EMA 5 Crossing levels:-
2590 To 2593
Retracement Zone:-
2580 To 2585
Bullish Gold Levels:-
2615
2638
Bearish Gold Levels:-
2580
2564
2556
2545
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move.Happy trading.
EURUSD H4 Analysis - Bullish - Price Target 1.13Pair Name = EURUSD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details:-
EURUSD Price already moving above the main trend line. And Got a strong retesting from this Fib retracement level of 0.5 to 0.6. Now getting good volume. Price is gradually breaking the resistance levels. Our target Price will be around 1.12 to 1.13
XAUUSD H4 Analysis - Bullish - Next target 2650Pair Name = Gold
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2565 Gold Price level and 2580 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Crossed over done between 2564 to 2568. That indicates the Bullish move.
This kind of market allow us to buy the dip and cash another next trend move.
Strongest retesting zone hit. The price level 2545 to 2556 price level.
EMA 5 Crossing levels:-
2564 To 2568
Retracement Zone:-
2545 To 2555
Bullish Gold Levels:-
2590
2615
2638
Bearish Gold Levels:-
2564
2556
2545
2530
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move. Happy trading.
GOLD H4 Analysis And Market MovesPlease see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2580 Gold Price level and 2550 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2573 to 2575. That indicates if Price breaks this level. Then we will see again bullish wave.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2564,2556 and 2545 price level.
EMA 5 Crossing levels:-
2573 To 2575
Retracement Zone:-
2545 To 2555
Bullish Gold Levels:-
2590
2615
Bearish Gold Levels:-
2564
2556
2545
2530
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move. Happy trading.
Will Gold Bounce or Slide!hello traders!
Our analysis suggests that gold is likely to be a buy if it breaks out above the resistance level of 2496-2497 and subsequently retests this level as support. On the other hand, if gold breaks down below the support level of 2492-2491 and then retests it, we may consider a potential sell opportunity.
EUR/GBP Loitering South of Resistance Ahead of Eurozone CPI DataAhead of today’s eurozone CPI inflation report (9 am GMT), the EUR/GBP cross is approaching an interesting resistance level of £0.8500.
What makes this level a worthwhile watch is that the base is complemented by several additional resistances.
These resistances include the potential ascending resistance line, drawn from the low of £0.8493, which, as you can see, is nestled just north of the noted horizontal resistance level. You will also note that we have a resistance area at £0.8533-£0.8500, as well as an AB=CD resistance at £0.8513 (depicted by a 100% projection ratio) that’s closely shadowed by a 38.2% Fibonacci retracement ratio and a 50.0% retracement ratio at £0.8521, respectively.
Supporting a reaction from the technical confluence between £0.8533 and £0.8500 is the trend. The overall bias has been to the downside since late 2023, with defined lower lows and lower highs being seen since April this year.
Understanding Bearish and Bullish Bat Harmonic Patterns
Understanding Bearish and Bullish Bat Harmonic Patterns: A Professional Guide for Traders
In the dynamic world of trading, identifying potential reversal points is crucial for making informed decisions. Two powerful tools that professional traders often rely on are the Bearish and Bullish Bat Harmonic Patterns. These patterns, grounded in Fibonacci ratios, offer insights into market behavior and help in predicting price movements. This article delves into the intricacies of these patterns, providing a comprehensive guide for traders.
__________________The Bearish Bat Harmonic Pattern_________________________
The Bearish Bat Harmonic Pattern is a reversal pattern that indicates a potential decline in price after an upward correction. Here's how to identify and interpret this pattern:
X-A Leg: The initial move where the price falls from point X to point A.
A-B Leg: The price then retraces upwards from point A to point B, typically reaching 38.2% to 50% of the X-A leg.
B-C Leg: The price falls again from point B to point C, retracing 38.2% to 88.6% of the A-B leg.
C-D Leg: The final leg sees the price rise from point C to point D. Point D is the critical point, expected at the 88.6% retracement level of the X-A leg and coinciding with the 161.8% extension of the B-C leg.
Key Fibonacci Ratios:
A-B: 38.2% to 50% retracement of X-A
B-C: 38.2% to 88.6% retracement of A-B
C-D: 88.6% retracement of X-A and 161.8% extension of B-C
Trading Strategy: Traders should look for selling opportunities around point D, anticipating a downward move following the completion of the pattern.
Entry, Stop-Loss (SL), and Take-Profit (TP) Criteria:
Entry: Enter a short position at or near point D.
Stop-Loss (SL): Place the stop-loss slightly above point X to account for any potential false breakouts.
Take-Profit (TP): Set the first TP at the 61.8% retracement of the C-D leg and the second TP at the 100% retracement of the C-D leg.
_________________________The Bullish Bat Harmonic Pattern_____________________
Conversely, the Bullish Bat Harmonic Pattern signals a potential rise in price after a downward correction. Here are the steps to identify and utilize this pattern:
X-A Leg: The initial move where the price rises from point X to point A.
A-B Leg: The price then retraces downwards from point A to point B, typically reaching 38.2% to 50% of the X-A leg.
B-C Leg: The price rises again from point B to point C, retracing 38.2% to 88.6% of the A-B leg.
C-D Leg: The final leg sees the price fall from point C to point D. Point D is the critical point, expected at the 88.6% retracement level of the X-A leg and coinciding with the 161.8% extension of the B-C leg.
Key Fibonacci Ratios:
A-B: 38.2% to 50% retracement of X-A
B-C: 38.2% to 88.6% retracement of A-B
C-D: 88.6% retracement of X-A and 161.8% extension of B-C
Trading Strategy: Traders should look for buying opportunities around point D, anticipating an upward move following the completion of the pattern.
Entry, Stop-Loss (SL), and Take-Profit (TP) Criteria:
Entry: Enter a long position at or near point D.
Stop-Loss (SL): Place the stop-loss slightly below point X to account for any potential false breakouts.
Take-Profit (TP): Set the first TP at the 61.8% retracement of the C-D leg and the second TP at the 100% retracement of the C-D leg.
______________________Practical Application and Tips_______________________
To effectively utilize these patterns, traders should:
Use Confirmation Indicators: Always combine harmonic patterns with other technical indicators, such as RSI or MACD, to confirm potential reversal points.
Practice Patience: Wait for the pattern to fully develop and reach point D before taking action.
Risk Management: Implement strict risk management strategies, including stop-loss orders, to protect against potential false signals.
Conclusion:
The Bearish and Bullish Bat Harmonic Patterns are powerful tools in a trader's arsenal, providing a structured approach to identifying potential market reversals. By understanding and applying these patterns, traders can enhance their decision-making process and improve their trading performance. Remember, like all technical analysis tools, these patterns are most effective when used in conjunction with other indicators and sound risk management practices. Happy trading!