Choughle

Choughle

The NZD/USD pair has been in a prolonged bearish trend, driven by the strength of the DXY. However, a divergence has formed on the RSI, and the DXY is now facing resistance at its peak. For the NZD/USD to establish a bullish reversal, it needs a break above the trendline resistance and 0.5900 levels, potentially targeting 0.6050 in the medium term. Otherwise, a...

Choughle

The AUD/NZD pair is in a bearish trend after encountering a strong resistance zone on the 1H, 4H, and 12H timeframes. Since hitting this level, it has been forming lower highs and lower lows, suggesting the trend will likely continue, with NZD maintaining strength over AUD.

Choughle

AUDCAD was in bullish trend and reach to strong support and rsi is showing Divergence. Accordingly took the trade.

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USDCAD was in a bearish trend and formed a divergence. Additionally, two negative news events related to the CAD suggest that USDCAD may shift to a bullish trend

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GBPCAD is standing at very strong resistance zone and i feel it will go Bearish.

Choughle

CADCHF is bearish for some time and as the last data of CAD was negative i feel it will stay bearish.

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US oil is in Bearish Trend for some time but now standing at very strong support and Divergence so expecting a reversal.

Choughle

BTCUSD has already formed the cup and is now developing the handle, completing the cup and handle pattern. This suggests that BTC may soon begin a bullish trend toward $130,000.

Choughle

AUDUSD is Bearish and will remain Bearish for some time

Choughle

Gold has been in a bearish trend recently after reaching an all-time high. It is now forming lower lows and lower highs, and it appears that this pattern may continue, especially with seasonal factors supporting this trend.

Choughle

AUD/USD is currently in a bullish trend. According to the COT Report, long positions in AUD are increasing, while short positions in USD are also rising. The endogenous factors for AUD are stronger than those for USD. Forex condition scoring further supports this outlook, with AUD showing a positive sentiment score of 10 and a negative sentiment score of 7,...

Choughle

In the 4H time frame, gold is exhibiting a pattern of lower highs (LH) and lower lows (LL). Gold peaked at 2450, and subsequently dropped to a low of 2386.830. By applying Fibonacci retracement from the highest point (2450) to the lowest point (2386.830) within the current 4H time frame, we observe the following: After reaching the high of 2450.125, gold made a...

Choughle

The NZD/USD is currently in a bullish trend, consistently forming higher highs (HH) and higher lows (HL). The pair is expected to maintain this upward momentum. Trade Setup: Entry: Current Market Price (CMP) Stop-Loss (SL): 0.60823 Take Profit (TP): 0.62244 Important Note: The price range between 0.62000 and 0.62200 is a significant resistance area. If this...

Choughle

Daily Time Frame: The 0.90425 to 0.90750 range, previously a strong resistance, has now turned into a solid support level and has held firm since May 15, 2024. 4-Hour Time Frame: A bullish flag pattern has emerged, indicating the potential for the market to reach the 0.92300 level. Hourly Time Frame: The market appears to be testing the support level again,...

Choughle

GBP/CAD has experienced a bearish drop from a strong resistance level on higher time frames and is expected to continue its bearish trend. We have two options for entering a trade: Enter at the current market price (CMP), setting a stop loss (SL) just above the resistance level where the market turned bearish. Aim for a take profit (TP) at a 1:1 risk-reward...

Choughle

In the weekly time frame, EURCAD is forming a bullish flag pattern and appears to have been in a distribution phase for some time. On the daily time frame, EURCAD is following a bullish trend line and is currently near the bottom part of this trend line. In the hourly time frame, the trend has been bearish, but it shows divergence, indicating a potential shift...

Choughle

EURNZD is exhibiting a bearish trend, characterized by the formation of lower lows (LL) and lower highs (LH). This trend is expected to persist. I plan to enter a position at the Fibonacci level of 0.632, specifically at 1.75719, with a stop loss set at 1.77056 and a take profit target of 1.74620.

Choughle

The GBP/USD pair is showing bearish momentum after hitting a strong resistance zone. It is expected to continue this downward trend. The recent lower high (LH) touched the 0.618 Fibonacci level and formed a bearish candle, indicating the establishment of this LH. This suggests a continued bearish movement, potentially leading to a new lower low (LL).