Price back to the long term trend line and holding all-time high price, Profit taking expected near 20,000$ price mark, Also Today Monthly Candle closing down and expecting profit-taking day. Huge dump possible near the all-time high price and looking fast correction towards support 16000$ and 124000$ 🛑SUPPORT/RESISTANCE ✅S1=...
NZDUSD has climbed to 0.6980. Price is out of the bullish channel but continues to make higher highs and higher lows. At current price levels as explained in previous posts, we prefer to be neutral if not bearish as we expect a turn lower towards 0.68. NZDUSD has short-term support at 0.6920-0.6925. A break below this level will be a short-term bearish signal...
Gold has continued to decrease as expected and now it has found temporary support at the $1,800 psychological level. I mentioned last month on my analysis drop expected After US-election would drive the price at least till the $1,800 level. The price is located in a strong support area represented by the $1,800, the S3 ($1,803), So, a bearish closure under the...
Technical Market Outlook: Short Term: The EUR/USD has been capped at the level of 1.1905 and the pair keeps trading in a narrow zone located between the level of 1.1822 - 1.1880, but the bulls are pushing higher every time the market makes a pull-back. The next target for bulls is seen at the level of 1.1920 (swing high) and then at 1.1965. The nearest...
Technical Gold : Gold closed yesterday with a bullish pin bar and then taking into account the presence of a double top in 1933$ which indicates a sellers' trap, the most optimal strategy is to continue trading long positions along the pullback formed from overnight volatility high, Price still clear yet direction. However, there are traders who have not nor even...
Technical Market Outlook: After the EUR/USD pair had made another local low at the level of 1.1602, the price bounced towards the new local high seen at the level of 1.1814 which is inside of the main descending channel. The momentum is positive and the market conditions at the H4 time frame chart are bouncing from the extremely oversold levels, so please keep an...
USD/JPY pair stuck between 104.33 to 105.10, waiting for US-election Result, After Final Result expecting $ Will do big correction upside like 2016 Election. The S&P500 added 1.78%. Today in the Asian session, the Nikkei225 is up 1.52%, but the Australian S&P/ASX 200 is losing -0.54% and Chinese stock indexes are trading mixed. It is best to wait for the opening...
The gold price has developed a minor exhaustion pattern, but the bulls are still in charge and they could push the price higher anytime. Gold was paused by a dynamic resistance, now is pressuring this obstacle again, a valid breakout will validate further growth. XAU/USD is trading currently 1900$, The outlook is bullish, But strong correction required downside...
Technical Market Outlook: The BTC /USD pair has broken above the $11,000 level which was the key mid-term technical and psychological level for market participants. The recent swing high was made at the level of $11,400, but the bulls do not seem to stop just yet as the momentum is still strong and positive despite the overbought market conditions. The next...
Bullish and Pump expecting towards resistance 0.0859$ and 0.13$ Trend bullish on weekend.
Last week The pair broke 1.3260 resistance and manage to hit 2nd resistance 1.3420, Currently Pair back at the support level 1.3250 holding Bullish momentum.USD/CAD continues to pressure the immediate upside obstacles signaling strong buyers. A valid breakout could bring a long opportunity. The price is bullish and it tries to capture more bullish energy before...
Technical Market Outlook: The EUR/USD pair has been making lower lows and lower highs since the breakout below the level of 1.1730. The recent low was made at the level of 1.1612 and it looks like a temporary low only. Due to the oversold market conditions, traders should expect a bounce towards the level of 1.1655, but any rally should be capped below the level...
Overview: Pair: AUD/USD (Australian dollar/US dollar). The main trend: Bearish. The secondary trend : Bullish. Volatility: High. Forecast bias: Uptrend in short term. The Australian dollar has shown slight gains against the US dollar during today's Euro session. The AUD/USD pair traded between 0.7007 and 0.7190, it reached 0.7190, which was the highest price...
Yesterday's fall led to the formation of the "absorption" pattern of the daily level. The downward movement will aim to return to the upper limit of the average move of the previous week, located at the level of 0.6740/50$ Price hit back to resistance and expecting coming days correction downside If price closed below 0.6760/80$, the target of the decline will be...
Technical Market Outlook: The BTC /USD pair has broken again above the $11,000 level which was the key mid-term technical and psychological level for market participants. The recent swing lower was made at the level of $9,800, but the bulls do not seem to stop just yet as the momentum is still strong and positive despite for long term target 19,000$. The next...
The US stock market grew last Friday after it has fallen by 9.88% since September 2. The S&P 500 gained 1.60% while the USD/JPY pair added 15 points on Friday. This morning the price sideways between 105.20 to 105.70$, Before USA Election 3rd Nov 2020 the price will continue to grow towards the first target of 106.40 Resistance, Next Month expecting price under...
Gold price got rejected once again at $1,970 and as we said last week, this was a bearish sign that could push price back towards $1,900 the lower triangle boundary. Price has now reached this critical support area at $1,880-$1,875 and if it is broken we should see price under pressure for a move towards $1,800-$1,7900. Currently, Daily chart and H4 chart showing...