Eleazarahmath

Eleazarahmath Updated 

If the 4h candle cannot close with a strong bullish candle, we can expect price to drop back withing the trading range of 1.1260

Eleazarahmath

Silver is currently in a downtrend, driven by the strength of the U.S. dollar following Fed Chair Powell's speech earlier today. However, as we analyze the chart, we can see that the price is approaching a key diagonal support level. This area has historically shown buyer interest, and I anticipate a potential rebound from this zone. With the Fed signaling a...

Eleazarahmath Updated 

This is a short term set up based on pullback not long term, our last trade on gold was 100+ pips

Eleazarahmath

On the 1-hour chart, GBP/USD is poised to retest the range resistance at 1.28. A break above this key level could lift prices toward 1.281. We’re looking to go long at 1.275, with a stop loss placed at 1.2715 to manage risk effectively.

Eleazarahmath Updated 

Price is currently testing a support level , this is a risky call but I expect the bulls to return from there

Eleazarahmath

We are looking to buy at 1.050 area Key Levels: Entry: 1.050 (support level) Take Profit (TP): 1.05979 Stop Loss (SL): Adjust to match your preferred risk-to-reward ratio. 1.045 is a reasonable SL The price is expected to find support near 1.050, with the potential for a bullish rebound toward the resistance zone at 1.05979. Bespoke resistance lies further up at...

Eleazarahmath Updated 

Dollar Weakens Amid Tight U.S. Election Race and Upcoming Fed Decision The U.S. dollar dropped as the latest polls indicate no clear leader in the presidential race, reducing bets on a Trump victory. Treasury futures rose, reflecting cautious investor sentiment amid the uncertainty. Citigroup strategists suggest that a Trump victory could see the dollar rally...

Eleazarahmath Updated 

No evidence the bullish trend is coming to and end , let's ride this trend

Eleazarahmath Updated 

Price previously bounced off support level area 150 , if the support level shown on the chart can hold, I'm expecting price to resume the bullish trend and test 151.70 area.

Eleazarahmath Updated 

Price is heading towards this trendline support, I expect a reversal there

Eleazarahmath Updated 

We plan to sell near 1.1255, capitalizing on the slowing bullish momentum that suggests a potential shift in direction. While short-term upside remains possible, the overall outlook points to a correction lower. The technicals indicate that prices may rise slightly before the broader downtrend resumes. This gives us an ideal opportunity to enter short positions...

Eleazarahmath

We’re looking to sell at 2660.6. Even though buyers are still strong, the slowing momentum suggests the price might turn around soon. Sellers have already stepped in around 2663.7, and we expect a small move up before the price drops. The market is currently overbought, which supports this setup Fundamental Insight: Gold prices have eased recently as the dollar...

Eleazarahmath

We took a buy on this pair at 0.6505 and took profits at 0.6545 since we was expecting price to fill in the gap, this is a great buying position for price to start it's uptrend

Eleazarahmath

GBP/JPY is currently testing a key support level, where I anticipate a potential reversal. The stop-loss is placed at 193.35, strategically positioned just below the support zone to minimize risk. The take-profit target is set at the previous resistance area of 197.20, aligning with historical price action. This setup offers a favorable risk-to-reward ratio,...

Eleazarahmath Updated 

Price is currently testing resistance area, I'm expecting price to continue to the bearish momentum that started, stay alert for more updates.

Eleazarahmath Updated 

The recent increase in the UK's unemployment rate to 4.3% has raised concerns about the British economy's health. This uptick suggests potential economic challenges, which could weaken the British Pound (GBP). In the GBP/JPY currency pair, a weaker GBP against the Japanese Yen (JPY) may present a bearish trading opportunity. Traders might consider monitoring...

Eleazarahmath Updated 

We’re seeing Silver pushing up toward the 30.90 mark, which was a strong support level before. Now, given the bearish overall trend, this level is likely to act as resistance. If price gets close and sellers step in, there’s a good chance we’ll see a reversal back down from here. It’s worth watching for any clear signs of rejection at that area because it could...

Eleazarahmath Updated 

Donald Trump’s victory in the U.S. presidential election is adding new uncertainties for the Bank of Japan (BOJ). The yen's recent slide against the dollar has raised concerns that a further drop—potentially hitting a key 160 yen per dollar level—could prompt the BOJ to hike rates sooner than expected. Former BOJ executive Kazuo Momma suggests that rapid yen...