I believe that the GBPJPY price might initially break the ascending trendline. There are several areas of uncertainty, with FVG to be filled on both sides. I am also providing you with the Fibonacci retracement levels. Please be cautious of the well-regarded 0.50 level on this pair. The ongoing developments concerning China are negatively affecting market...
My analysis suggests that the price might approach the last Lower Low . However, it's important to exercise caution around the 1903 level. There's a notable FVG that could impact price dynamics within the same supply zone, potentially you can take order sell here. On the daily chart, the downward momentum for gold persists following its breach of the...
In this trading analysis, we will explore a potential opportunity on the GBPAUD currency pair. The analysis is centered around the concept of an ascending channel pattern, with a focus on the demand zone acting as a support level. The hypothesis suggests that the price may experience a slight increase while remaining inside ascending channel. Its exhibited an...
I believe that gold will fill some of the FVG area and then retrace back to the POI zone. The current price range of gold is being influenced by the market's anticipation of today's new data. The recent trend in gold volatility suggests that it has been relatively low, but there has been a slight increase in the past few trading sessions. This could indicate a...
Last week, USDCHF continued its rebound and reached 0.8804, but it was unable to breach the 0.8818 resistance level. The price is bearish on the H4 timeframe, and there is also a FVG observed in this area. A potential return to the trendline is highly possible. Meanwhile, the Swiss Franc struggles to gain strength despite a stable...
The price action signals the presence of an ascending channel, and there is a possibility of further downward movement after this bearish breakout, indicating an impending decline in prices. My goal is 105.900 I like to draw your attention to this Friday's trading session, which is expected to be characterized by significant market-moving events concerning the...
My latest idea on gold has been another success . At the start of the week, the Gold Price shows little surprise in response to the crucial United States inflation data. It is currently defending the rebound from a significant support level observed in the previous day's trading. The support is mainly influenced by the mixed US employment report. As of early...
If the price closes above my supply demand before reaching my target, wait for additional confirmation before entering a sell trade. You can even buy at my support and demand level. However, please be cautious as the trend is bearish. July showed little deviation. The final reading of 38.8 (in line with forecasts) confirmed additional weaknesses in the...
My last BTCUSDT was a success. After a price test this zone, price immediately rebounded. We are in a range phase between 29k & 30k. The bottom of the ascending channel line is getting closer, a pump to 30,000 is very possible sooner. The back-to-back small body candles in recent weeks are a sign of indecision.
Recent market news & movements, lead to a sharp decline . In this chart analysis, we'll be examining the price action of EURUSD , focusing on a recent rebound that occurred at the bottom channel line & at 1.09700 resistance zone . The EURUSD pair experienced a notable price drop, but following some key developments, it has found support at the lower boundary...
The recent US release are bad for GOLD, leading to a breakout from its established trend channel. This break signifies a shift in market sentiment and warrants our attention as potential traders. Additionally, the price has fallen below two crucial support levels, situated at 1954 & 1963, and these levels may now act as resistance zones. GOLD hasn't yet touched a...
While attempting to surpass the horizontal resistance marked from the June 16 high around 0.6900, FX:AUDUSD has encountered selling pressure. The Australian dollar has formed a Double Top chart pattern, suggesting a bearish reversal. Additionally, the 20-period Exponential Moving Average (EMA) at 0.6758 is acting as a significant obstacle for bullish...
After my last AUDUSD idea was a success, I now think of a correction in the downtrend channel. Still, AUDUSD would need to break above the vital hurdle at the June and July highs of around 0.6900 to confirm that the trend had reversed to up from down. Until then, the path of least resistance remains sideways, within the recently well-established range of...
After a bearish move in BTCUSD, ETHUSD followed. After being rejected twice at the 0.50 Fibonacci level, undergoing another test of the support zone, and perfectly hitting the descending channel, I anticipate the price to rise. My goal is 1870.
EUR/USD is trading at around 1.1050, staying at lower levels during early Wednesday morning in Asia. This comes after a slight recovery from a two-week low reached late on Tuesday. Market participants are currently anticipating the crucial announcements from the Federal Open Market Committee (FOMC) regarding their monetary policy meeting. EURUSD ended yesterday...
If FX:AUDJPY managed to stay above my trendline after a retest, we can expect an pump. FX:AUDJPY is trading in strong bullish trend There is no bearish convergence, as indicated by the RSI. My goal is 95.300
If we break under 30k, I'm thinking of a fall to fibo 0.382 and maybe lower, to 0.50 close to the ascending line. In the worst case scenario 0.618 is possible, but reached this level, the price will instantly go up potentially. We are on a range level, many people are waiting for direction confirmations to take their trade, a future "big" movement is to be...
Change of plan for the price of gold. Currently, gold is testing the confluence support level at 1963, which is the point where the February 2023 high and the lower bound of the channel intersect. Gold bulls will closely watch this critical level, anticipating a rebound and a move towards the 1985 level. Notably, the 1985 level acted as a resistance, preventing...