GBPUSD is currently in a downtrend and I expect the price to Break support 1.23600 to 1.20000 where I see the price getting support.
With the Price around the 1.24000 of which we expect the price to continue where the main target is 1.30000. We are expecting the price to test 1.23800 and if we remain above this area bulls.
On Friday, XAUUSD bounced off crucial support at 1820. From now on, we expect the price to be bullish after we retest the 1820 level, with our main target being 1923. Economic News The following economic news from last week is relevant to XAUUSD: US Nonfarm Payrolls: The US economy added 372,000 jobs in August, beating expectations of 300,000. The...
GBPUSD currently broke the support level at 1.21275 which now our resistance which we expect the price to test before continuing with the drop to our support level 1.20500. An area very import area whereby will likely see a change in trend to the upside.
Overview The Nasdaq 100 is currently trading around 14700, which is a key support level. I anticipate that the price will break below this support level, bounce at the next support level, and then retest the newly formed resistance at 14700. After the retest, I expect a further decline to 14540. Fundamentals The current macroeconomic environment is challenging...
- The GBPUSD is currently trading in a downtrend. -The price has bounced off the trendline support at 1.24960. -We expect the price to retrace to the 1.25400 area. -From there, we could see a test of the 1.25060 support level. -If the price breaks above 1.25060, we could target the 1.25720 resistance level. Risk: The stop loss should be placed below the 1.24960...
GBPUSD is currently pulling back from resistance at 1.26325. This is a good opportunity to buy the dip, as the price is expected to rebound and break above resistance. The next target is at 1.27220. Entry: Buy at 1.26000 Stop loss: Place your stop loss below the support level at 1.25500. Risk/reward: The risk/reward ratio is favorable, with a potential...
The Nasdaq 100 fell from 15,300 to 14,713 last week, a decline of 4.2%. This was the largest weekly decline since March 2022. The decline was likely due to a combination of factors, including rising interest rates, inflation concerns, and the ongoing war in Ukraine. However, the Nasdaq 100 has been in a long-term uptrend, and it is possible that it will recover...
Gold rallied up to as high as 1923 on August 25, 2023, but has since pulled back to 1915. The price is currently testing the support level of 1905. If the price breaks this support level, it could fall to 1890 or lower. However, if the price holds above 1905 , it could resume its uptrend and reach the target of 1935. A long trade could be initiated with a stop...
Gold failed to break the support level of 1885, which is a bullish sign. I have taken a long position at 1887 with a take profit target of 1903. The area between 1904 and 1906 is our resistance level, which may cause a reversal in price to 1896. From there, I am looking for a further bullish reversal to 1915. Analysis: The price of gold has been in a downtrend...
Earlier today I took sells from 2013.890 with My TP just above the strong support we have at 2006.xx From that support I took a buy with a small lot and a tight stop loss below the support(2004). Don't buy yet that's used small lots for my busy because the level from 2010 to 2011.63 is a very important because if it breaks that I will be adding more buy...