The US30 (Dow Jones) 1-hour Heikin Ashi chart suggests a potential bullish continuation. Based on technical analysis, the price has shown resilience after a pullback and is currently positioned for a potential climb towards the 42,300 level. Key Technical Levels: Current Price: ~41,741 Immediate Support: 41,600 – 41,739 Major Support: 41,420 – 41,400 (Break of...
Market Overview Gold (XAU/USD) has seen a strong bullish rally, reaching the key resistance zone between $3,020 - $3,083. Given the current market conditions, a price correction down to $2,955 is expected before any potential continuation of the uptrend. 📉 Technical Analysis – Why a Correction is Expected from $3,020 - $3,083? 1. Market Structure and Candlestick...
Gold’s Bullish Momentum Aims for a New All-Time High By Brokerir Current Market Overview Gold (XAU/USD) is currently trading around $2,906, showing a slight retracement of -0.18% in today's session. The precious metal has recently rebounded from a significant support level near $2,846, triggering a strong bullish momentum. Given the macroeconomic outlook and...
Market Overview GBP/USD has recently shown strong bullish momentum, rebounding from a key support level and confirming a potential long-term uptrend. Based on current market structure and technical indicators, we expect the pair to continue higher towards 1.4100 and eventually 1.4700 in the coming months. 📈 Technical Analysis – Why GBP/USD is Bullish? 1. Market...
In this detailed market analysis provided by Brokerir, the US30 index has recently exhibited a strong bullish trend but is now showing signs of exhaustion, with price action suggesting a potential retracement. Utilizing technical indicators and key support/resistance levels, we anticipate a potential decline in price from the 44,600 level toward 44,378 and...
Please share your ideas through the comments below: Market Overview Gold (XAU/USD) is currently trading around $2,856.69, experiencing a -0.71% decline. The price action suggests a bearish momentum, but a short-term retracement could occur before further downside movement. Key Levels to Watch Support: $2,846 (near-term support), $2,790 (major...
Based on our technical analysis, the asset is currently in a well-defined bullish structure, with price action suggesting an upward movement from 2595 to 3020. Several confluences, including trend strength, key support-resistance levels, and technical indicators, reinforce this bullish outlook. Key Technical Levels Primary Support Zone (2595-2620): This region...
Gold (XAU/USD) Technical Analysis – February 19, 2025 By Brokerir Market Overview Gold (XAU/USD) is currently trading at $2,944.08, showing signs of exhaustion after a strong bullish move. The price has approached key resistance zones at $2,947 and $2,955, where selling pressure is expected to increase. A retracement is likely, with a key downside target at...
In this technical outlook provided by Brokerir, Gold (XAU/USD) has experienced a sharp decline, finding support within the 2,881 – 2,875 demand zone. Based on price action, technical indicators, and key support levels, we anticipate a potential bullish reversal targeting the 2,914 resistance level. Market Structure & Price Action • Gold is currently trading...
Market Overview Gold prices have shown a period of consolidation around the $2,916 level, following an earlier upward movement. However, based on technical analysis, we at Brokerir believe that the price is likely to experience a downward correction from $2,914 toward the $2,875 level. If bullish momentum resumes and price breaks above $2,930, this bearish...
Market Overview The USD/JPY pair has been experiencing a sharp decline, forming a strong downtrend over the past few hours. The price has dropped from a local high near 153.700 to the current level around 153.012. The downward momentum has been consistent, with little sign of immediate recovery. However, certain technical indicators suggest that a potential...
Choosing the right timeframe is one of the most important factors for successful trading in Forex, cryptocurrencies, and other financial markets. In this guide, we will break down different timeframes and help you determine which one best suits your trading style. This guide applies to all tradable assets but has a particular focus on cryptocurrency and Forex...
The analysis provided by Brokerir suggests a potential bullish move in USD/CAD from 1.42932 to 1.43455 in the short term. Below is a detailed breakdown of the technical reasoning behind this forecast. Technical Analysis & Chart Structure On the 30-minute chart, we can see that USD/CAD has successfully broken through the 1.42932 resistance level, which has now...
First of All we would really appreciate your comments on this analysis on behalf of Brokerir. The EUR/USD currency pair is currently trading at 1.03254, showing a 0.55% decline at the time of analysis. The price action has experienced a sharp drop, finding temporary support near the 1.03233 level, with buyers attempting to defend the area. You are kindly...
Market Overview Gold (XAU/USD) has shown strong bullish momentum, reaching a high near $2,894, approaching key resistance levels at $2,904 and $2,921. However, early signs of exhaustion indicate a potential retracement towards $2,886, a key support level to watch. Key Levels to Watch • Resistance Levels: • $2,904 – A significant resistance zone where price may...
🔍 Technical Analysis of Silver | What’s Your Opinion? Before diving into today’s analysis, we’d love to hear your thoughts! Do you also expect silver to reach 32.628? Share your view in the comments! Silver Price Movement Analysis The 15-minute Heikin Ashi chart for silver shows that after a sharp downward movement, the price has corrected and is now...
Market Overview Based on technical analysis and the provided chart, Gold (XAU/USD) is approaching two key resistance levels: 2911 and 3043. These levels are expected to act as strong resistance points, from which price could initiate a short (sell) move towards the 2790 target. This analysis is based on a combination of resistance levels, trend indicators, and...
The US30 index (Dow Jones Industrial Average) has recently shown high volatility with a sharp spike followed by a strong rejection, indicating a possible shift in momentum. Based on technical indicators and price action, a short move towards 44,182 could be likely. Let’s break it down: 📌 Technical Analysis 1️⃣ Price Action & Key Levels • The price initially saw...