Nigouk

Nigouk

The daily chart for GBP/USD reveals a clear uptrend with price action forming a bullish channel. The pair is currently trading around 1.31621, approaching a critical resistance zone. Key Levels: Resistance Zone: The price is heading towards a major resistance around 1.39, a level which has historically acted as a strong ceiling. This resistance could halt the...

Nigouk

Strategy Overview: The chart shows Spot Crude Oil on a 30-minute timeframe, where price action is consolidating around the 70.00 USD level. The market is currently trading in a tight range, suggesting the possibility of an upcoming breakout. Key Levels: Support Levels: The price is finding support at 69.871, which acts as a critical level for potential upward...

Nigouk

Strategy Overview: In this chart of the US30 (Dow Jones Industrial Average Index), the price action is forming a rising channel within the 15-minute timeframe. The trendlines highlighted suggest potential buy and sell zones based on the interactions with these lines. Key Elements: Trendline Structure: Buy Side: The lower trendline is acting as dynamic support....

Nigouk

The chart shows the XAUUSD (Gold/US Dollar) pair on a 15-minute timeframe. The market is currently trading around 2516.76, where price is approaching a critical resistance level and showing potential for a pullback or continuation of its bullish move. Key Observations: Resistance Levels: The price is approaching a significant resistance zone between 2528.99 and...

Nigouk

The chart shows the USDCAD currency pair on a 1-hour timeframe, where the price is currently trading around 1.35124. The market has been in a downtrend, but there is potential for short-term consolidation and a possible retracement before further movement. Key Observations: Downtrend Momentum: The price has been steadily declining from the recent high, reaching a...

Nigouk

The chart shows the JPY Currency Index on a 4-hour timeframe, where the market is currently trading around the 766.9 level. Based on the price action, there appears to be a clear formation of potential consolidation after a sharp move upward. Key Observations: Uptrend Momentum: The index previously experienced a strong uptrend, pushing the price to the 794.1...