During the previous trading session, the EUR/USD currency pair experienced a retracement, but today the price has shown a rapid surge after rebounding from the dynamic trendline, which has consistently served as a support level for the price to rise further. At present, the price is exhibiting an upward trend, and our analysis suggests that this trend will...
Yesterday's trading session witnessed a significant pullback in the GBP/USD currency pair, with the dynamic trendline once again proving to be a reliable support level for the pound, thus enabling a fresh bullish rally to commence. Based on our analysis, we anticipate the emergence of a new Long setup that aligns with the current maintrend. Our forecast suggests...
The price of gold is currently consolidating below the HKEX:2 ,000 level, having rebounded from recent lows. This rebound has been supported by sustained selling in US Treasury bond yields, which has led to a risk-off sentiment in the markets. From a technical standpoint, the price has formed a double bottom pattern and is now attempting to recover value and move...
Following its recent climb to the 1.10670 region, the EUR/USD currency pair experienced a retracement in price. The zone that lies between the 38.2% and 61.8% Fibonacci levels is expected to act as a potential reversal area, which may trigger a pullback before continuing the upward trend. Our analysis suggests that the USD is likely to remain weak during this...
Over the past few trading sessions, the GBP/USD currency pair has been making concerted efforts to appreciate in value against the US Dollar. The price has witnessed several rebounds on the dynamic trendline, indicating strong bullish momentum. During the Asian trading session, the currency pair experienced a bullish impulse, driving its value upwards. However,...
Following a pullback on the 78.6% Fibonacci level, GOLD appears to be in a growth phase, as evidenced by its current position in the demand zone at a discount price. We anticipate that the asset will continue to climb in value and reach the area of $2000. Our forecast for the precious metal remains long, given the current weakness of the USD in recent sessions. We...
The EUR/USD pair continues to exhibit strong bullish momentum against the USD. The asset has been experiencing an uptrend, and we have observed multiple instances of the price rebounding on a dynamic trendline. Our earlier analysis of the pair has resulted in the asset reaching our initial take profit level. Given this context, we anticipate the bullish trend to...
In the latest session, the USD/JPY exhibited a bullish trend and subsequently formed a reversal pattern commonly referred to as a "Reversal Head and Shoulder." We believe that this pattern suggests an impending reversal in the price of the asset, particularly in light of the EUR's recent strength against the USD. Our forecast indicates that the last target for...
Yesterday, the gold market experienced a robust recovery, marked by a pullback to the lower Fibonacci retracement level of 78.6%. Traders seized the opportunity to purchase the precious metal at a discounted price, suggesting a positive sentiment in the market. Given the recent developments, there is reason to believe that the value of gold may experience further...
The EUR/USD currency pair has remained consistent with our previous analysis, which identified an ongoing bullish trend, bolstered by the dynamic trendline that has been providing reliable support. In fact, our current bias remains long, as we have witnessed the price rebound once again on the 61.8% Fibonacci level as of yesterday. It is worth noting that this...
After successfully reaching the take profit as per our previous idea, the USD/CAD currency pair appears to be once again gearing up for a possible bearish impulse. In all likelihood, the price may experience a temporary rebound upon reaching the dynamic trendline of the upside trendline of the bearish channel. Our current outlook is centered on the emergence of a...
Our pending short order for GOLD has been triggered, providing us with a promising short opportunity. This follows an extended period of bullish market conditions, during which the price of gold has now shifted to a bearish trend. We are currently witnessing a significant decline in the price of gold, indicating the potential for a continuation of this trend. Our...
The EUR/USD currency pair has been encountering challenges in its attempt to reach new highs, ever since it hit the price of 1.1080 last week. Currently, the price has undergone a slight pullback, having retraced on the 61.8% Fibonacci level. In today's London session, the price has opened with a downward push, indicating that it may retouch the Fibo level once...
According to our previous analysis, the GBP/USD pair is growing as we had predicted. Yesterday, the price reached the value of 1.2460 and today, it is still trading within this range. Based on our latest analysis, we anticipate that the value may experience a new bullish impulse in the direction of the main trend, following the pullback on the dynamic trendline...
The ongoing bullish momentum of Gold has persisted, having undergone a temporary pullback in the previous session while remaining supported by the dynamic trendline. This level of support has served to facilitate the emergence of a new upward impulse, resulting in a further expansion of the price. In view of this, our current assessment indicates a favorable...
In accordance with our analysis from the preceding session, the EUR/USD currency pair has exhibited movement that aligns with our projections, demonstrating a significant impulse that corresponds with the established long-term trend and has resulted in the attainment of our initial take-profit target. Building upon this favorable outcome, we anticipate the...
In accordance with our analysis from the previous session, the GBP/USD currency pair has exhibited movement consistent with our predictions, having achieved the initial level of take-profit. Moreover, the pair appears to be demonstrating rapid upward momentum, reinforcing our notion of a further sustained bullish trend. As such, our present recommendation is to...
Our analysis for Gold suggests a bullish outlook in the long term. However, if the price breaks the dynamic trendline, which has previously acted as a support level, we could potentially see a change in the short-term trend, which could indicate a short setup. Despite this possibility, our bias remains long, and we expect the price to use the trendline as a...