EURUSD: Strong Bullish Bias! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.09535$
Wish you good luck in trading to you all!
Trading
EURUSD Daily previewFX:EURUSD
Here are the key levels from the perspective of the daily chart for the next week on EURUSD, which are important for me to trade, and at these levels I monitor Price Action and orderflow to confirm a market turn at the indicated SR levels or a breakout and continuation of the trend. If you want a more specific description or an explanation of my levels on the chart, please ask in the comments if you don't understand something and thanks for follow me :)
If you want more views on Forex, or other markets, or other time frames, please request it in the comments, until Sunday evening you will have my view of that market and its outlook for the next week here for free
Milan
GOLD: Market Is Looking Up! Buy!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,669.774$
Wish you good luck in trading to you all!
DXY: Move Down Expected! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 102.789
Wish you good luck in trading to you all!
USOIL Will Grow! Buy!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 7,527.3.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 7,913.5. level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USOIL BEARS ARE STRONG HERE|SHORT
Hello, Friends!
It makes sense for us to go short on USOIL right now from the resistance line above with the target of 71.99 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 182.685.
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S&P 500 Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook:
In the previous week's Daily Chart Analysis for the Week of October 4, it was observed that the index maintained considerable strength at the Mean Sup 5700 on Monday. The remaining days of the weekly trading sessions have demonstrated substantial and vigorous progress, surpassing the previously completed Inner Index Rally at 5763 and its progress towards the Outer Index Rally at 5840. The upcoming trading session will demonstrate further sentiment regarding the bullish sentiment to hit the 5840 target. However, recognizing that achieving the 5840 mark will incite a volatile downward price action is crucial.
EUR/USD Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook:
The Eurodollar experienced sustained bearish sentiment during this week's trading session, reaching our reignited Inner Currency Dip of 1.090. The prevailing selling pressure towards the support level of 1.079 is temporarily halted. A transient rebound is anticipated due to the significance of completing the Inner Currency Dip. However, considering the current bearish price action, the probability of further declines to the support level of 1.079 remains substantial.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook:
The Bitcoin "Interim Squeeze" channel underwent retesting during this week's trading session. It exhibited upward movement to Mean Res 64000 and subsequent downward movement to Mean Sup 60200, and it is currently poised to return to Mean Res 64000. A breach of this critical resistance level will catalyze a movement towards the Inner Coin Rally 67000 target, accompanied by further upward momentum, with the primary objective being the subsequent Inner Coin Rally identified at 69300. However, failure to achieve this rally will result in a downside interim bearish sentiment, leading to a decline in the coin's price to the Mean Support level of 58000 and possibly an Inner Coin Dip of 55500. Only then will the primary recovery and advancement into the subsequent phase of the bullish movement be realized.
GBP_NZD WILL GROW|LONG|
✅GBP_NZD is about to retest a key structure level of 2.1350
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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TESLA Local Long! Buy!
Hello,Traders!
TESLA is going down now
But the pair is trading in an
Uptrend so we are bullish
Biased and after the stock
Retests the horizontal
Support of 232.00$ we
Will be expecting a
Local bullish rebound
Buy!
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Check out other forecasts below too!
NZD-USD Will Go Down! Sell!
Hello,Traders!
NZD-USD is going up
In a local bullish correction
But the pair will retest the
Horizontal resistance above
Of 0. 6144 soon and from there
We will be expecting a
Bearish continuation
Buy!
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Check out other forecasts below too!
USDCHF Trading Opportunity! SELL!
My dear friends,
USDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.8576 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8530
Recommended Stop Loss - 0.8601
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPCAD What Next? SELL!
My dear subscribers,
This is my opinion on the GBPCAD next move:
The instrument tests an important psychological level 1.7981
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7908
My Stop Loss - 1.8029
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUDCAD My Opinion! SELL!
My dear friends,
My technical analysis for AUDCAD is below:
The market is trading on 0.9270 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9222
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GOLD Set To Fall! SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2640.1 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2628.5
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GOLD My Opinion! BUY!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 2613.3
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2634.6
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPAUD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The instrument tests an important psychological level 1.9448
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.9353
Recommended Stop Loss - 1.9507
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Dollar rally slows after jobless claims; EURUSD ready to rise?EUR/USD has just touched a key support zone on the daily chart between 1.0900 and 1.0950, an area that previously acted as resistance in March and July 2024 but now appears to be turning into support.
Yesterday’s candle formed a long lower shadow, signaling a possible rejection of selling pressure and a hint of buying strength. Additionally, the 1.0950 level aligns with the 61.8% bullish Fibonacci retracement on the daily chart, further reinforcing the potential for support.
A little further down, the 200-day Simple Moving Average (SMA) appears to be strengthening the whole area and increasing the possibility of it working as a support level.
Several factors are currently converging around the 1.0950 mark:
1. EUR/USD is in a former resistance area, which now appears to be functioning as support on the daily chart.
2. The 61.8% Fibonacci bullish level is present at 1.0950.
3. The 200-day SMA adds strength to the support zone.
4. A daily candle with a long lower shadow suggests initial buying strength.
Higher-than-expected US inflation data leads to short-term strength in USD, fades after jobless claims
From a macroeconomic perspective, the release of CPI data in the US, which came in higher than expected, initially boosted the US dollar at the start of the trading session. However, optimism about the dollar faded by the end of the day, causing the price to retrace and leave a long shadow on the daily candle.
This shift was driven by higher-than-expected Initial Jobless Claims (258,000 actual vs. 231,000 forecast), reminding investors that the Federal Reserve is balancing two objectives: controlling inflation while protecting the labour market. As a result, despite higher inflation, the Fed may remain lenient to support job growth in the short term.
Based on these factors, if EURUSD manages to break above the 1.0960 level, it may rise to 1.1010 and 1.1090 over the next few days.
Alternatively, if EURUSD breaks below 1.0890, it could fall to 1.0775, where a significant support area is likely to be found.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.