price is confined in a local channel. A short-term buy scalp is envisaged from the current market price.
Ahead of EURO INFLATION RATE & BOE interest rate news coming up this week. Price is seen trading around 0.85390 after breaking below 0.85575 . How would price react to these fundamentals? Could be experience more Bearish move?
Price just fall back to H1 support and is set to break it to the downside. Recently, price broke below the trendline. Thus, indicating the readiness of sellers to push the market lower. A sell opportunity is envisaged from the current market price . Target 1 - 147.178 Target 2 - 146.675
Gold has been experiencing a decline against dollar on the past 4 weeks now despite the primary trend to be bullish. Sellers effort to push below the trendline proved abortive and support was found Around 2016.03. I anticipate a bullish price action to continue. We anticipate NFP RELEASES ahead. And we expect lesser readings which could make USD weaker And Gold...
Price is currently trading at 1.2740. There could be a Possible bullish move upto 1.28537. Target 1.28537
There could be a possible sell off on gold from the current market price as it currently trade at 2021.44. We anticipate US personal consumption expenditure (PCE) price index later in the day. Stop at 2029.88 Target at 1991
Ahead of ECB interest rate decisions coming up later today, price is trading around 0.8552. The European Central Bank may not increase the interest rate so as to keep up with the supply of the currency. Technically, price formed a falling wedge and found a support yesterday at daily timeframe neckline and May breakout of that zone for further bearish move .
Price may drop massively over -3% as price is approaching intraday support and may possibly break below it in-sighting the start of bearish wave after the BoJ left the interest rate unchanged. A sell opportunity is envisaged from the current market price.
Price is set to make a drop to 0.86151 after hawkish remark from fed. Members. Tp at 0.86151 (pullback support )
Price is currently forming a head and shoulder pattern In H1 timeframe and this could lead to a shorterm bearish price action. I anticipate a drop to 146.000
Price may fall to 146 as price hovered around 147.636 which is a resistance zone . A sell position is envisaged from the current market price .
Ahead of UK INFLATION RATE NEWS To be released tomorrow 17th Jan 2024. Price is seen trading around 1.262 after the UK unemployment rate new released earlier today remained unchanged . Technically, price is respecting support level At 1.262 and buyers may take over the market from the current market price as the overall trend of that market since October 2023...
After the CPI news, price resisted around the area of 1.09734.( right shoulder) price may fallback to neckline at 1.08740. Price is currently forming a head and shoulder pattern . A sell opportunity is envisaged.
Price just made a divergence in H1 and it’s ready to fall to 144.193. A sell opportunity is envisaged at the current market price. Tp @ 144.193 (pullback support) SL @ 145.568 (350 ticks above entry)
Price made a 0.22% drop ahead of the US NFP. Price made decline back to 1.07838 from the current market price . A sell opportunity is envisaged Entry price - 1.09252 Stop loss- 30 pip above entry Target profit - 1.07838
Price is trading between 1.27295 & 1.2627 ahead of US EMPLOYMENT RATE NEWS TO BE RELEASED we await more price action to be developed so as to make a trading decision
Price tend to drop down to 0.6680 zone as buyers strength got negated at 0.67560. A sell opportunity is envisaged from the current market price Tp 0.6680 ( pullback support) Sl 0.67376
Price just tested a white strong resistance level and set to make some bearish move . A sell opportunity is envisaged from current market price of 2047. Take profit at 2031 (previous day low) stop loss at 2054 ( 50pip above the entry price )