Please follow my analysis DXY: Yesterday's USD index re-tested the bottom area then rebounded. On the H4 frame, a set of reversal candles appeared, but this morning's session has a decreasing GAP, so in the short term, it is expected that DXY will test this support zone again and then may increase again. Ace can consider buying with USD today
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2806, positioned close to the breakout level. This...
✅DXY made a retest Of the rising support And we are already seeing A bullish rebound so we Are locally bullish biased And we will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
By reanalyzing the EUR/USD chart on a 2-hour timeframe, we observe that after an attractive rise, this currency pair encountered selling pressure upon reaching the supply zone at 1.083 and is currently trading around 1.08120. If the price can stabilize below this level, we will likely see further declines to lower levels. This analysis will be updated! Please...
By analyzing the GBP/USD chart, we observe that the price started to rise exactly as we expected from the specified area, achieving a gain of over 170 pips and reaching the supply zone of 1.28470! As you can see, after reaching this zone, the price experienced a correction and is currently trading around 1.27840. I expect this decline to continue, and we will soon...
Hello traders ,what do you think about EURUSD ?This currency pair is below the resistance zone, it has also broken its trend line, it is expected to drop at least to the specified level after the fluctuation in this area. If this post was useful to you, do not forget to like and comment.❤️
Hello my friends, my analysis is for EURUSD I expect the market to move a little further upwards and suffer in the areas of 1.086 to 1.085 and place an order and then move towards the target of 1.05750
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 104.914. Considering the today's price action, probabilities will be high to see a movement to 106.580. P.S Please, note that an oversold/overbought condition can last for a...
9th July DXY: Consolidating on 105 support (61,8%). Watch 105.10 for upside potential or break of 104.80 for downside (downside more likely) NZDUSD: Buy 0.6120 SL 15 TP 35 (RBNZ decision tomorrow) AUDUSD: Buy 0.6760 SL 20 TP 110 (Hesitation at 0.68) USDJPY: Buy 161.40 SL 20 TP 60 GBPUSD: Sell 1.2790 SL 20 TP 50 (Head & shoulder pattern) EURUSD: Do...
DXY: Yesterday's USD index re-tested the bottom area then rebounded. On the H4 frame, a set of reversal candles appeared, but this morning's session has a decreasing GAP, so in the short term, it is expected that DXY will test this support zone again and then may increase again. Ace can consider buying with USD today
FX:XAUUSD is forming a correction from the opening despite the bullish closing of the session on Friday. Fundamental background is calm, technical reaction to the false break of 2387. Friday's move was formed on relatively positive economic news for gold - higher unemployment in the U.S. reinforces the dollar sell-off as the chance of a possible U.S. interest...
US Dollar Index (DXY) is rising towards the pivot which acts as a pullback resistance and could reverse to the overlap support. Pivot: 105.154 1st Support: 104.412 1st Resistance: 105.429 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not...
The GBP/USD pair on the H4 timeframe presents a potential selling opportunity due to the formation of a Double Top pattern. This suggests a shift in momentum towards the downside in the coming Days. Daily Candle Close with Inverted Hammer around H4 Resistance. Thank you.
Summary of Technical Breakdown for GOLD/XAU/USD (as of July 8, 2024) Overview: Instrument: GOLD/XAU/USD Chart Type: 1-hour timeframe Key Technical Points: Price Levels: Current Price: 2,361.315 High: 2,362.045 Low: 2,359.935 Trend Analysis: The chart displays a series of higher highs and higher lows, suggesting an uptrend in the short term. The...
After touching just above the $2,290 support level on Wednesday, gold prices surged higher intraday. This level has proven to be a formidable support barrier since April, consistently reinforcing itself as the lower boundary of a sideways trading range. This range has encompassed the majority of price action since April, indicating a neutral mid-term outlook. In...
Hey Traders, We are still working with this complex zigzag pattern (5-3-5). We are currently in wave C = 5 waves. We have made the first impulse down ( subwave 1 ) and now correcting ( subwave 2 ). Expecting subwave 3 this week. Price has already retraced to 70% Fibonacci levels. This means we should start preparing ourselves for the reversal. We have marked our...
Hi there, We are ready to open a sell position on gbpusd. In weekly and daily timeframe price in a powerful descending channel, but we are watching a ascending channel in H1 and H4 timeframe. So we are waiting to break this ascending channel and after that open two sell position (midterm and long term position) For long term position sell it at 1.274 TP1...
We expect gold to rise now to the specific areas that we have identified as targets, but please manage your capital well