On retesting the support level which is considered key level, it may result into bullish move
After the retracement we are expecting a move as indicated by the arrows on the chart
I will go long once it is discovered the support is not broken
As indicated if the price maintain that support level there is probability that the demand of Gold will still continue to go up else breaking the support level the price will tend to move downward henceforth the Gold may continue to go down
As the last low high is being taken out and pull back confirmed, I am placing a long trade as specified on the chart. May Allah see us through
There is probability that Gold will likely hit 2050 based on the below Technical Analysis. Subscribe/follow my channel for more updates
We may be expecting sell off at the indicated arrows
We may expect an excessive demand for US based on the technical analysis
Based on the technical nature of the Eurusd in the market I am expecting a down move due to support
The price position at 1675.03 a daily resistance which led price falling down to 1645.19 as strong support for some hours and establishing descending triangle. I am forecasting if the price should break down this level, there is likeness the price will move downside as indicated by the arrow. 1457.08 as our weekly support level. Moreover, our is to try portray...
There is tendency of down move of the above currency pair as it has broken the support level as indicated by the arrow.
There is likelihood of more supply of EUR compared with CAD which looking at the technical analysis where the price broken the demand zone with the pull back I am taking a short position with with last as indicated with the arrow down.
EURUSD has reached a daily support level at 1.076623 and there is a tendency if the support holds firmly and price reverse, the demand at this level may be excessive while pushing price up to 1.113763 as daily resistance and if broken then there is every probability of the price move further. Moreover, the demand and supply play a very vital role in perfect...
I have place a sell limit for the above currency pair hoping the price falling from 78.381 to 73.823 probably. Taking this position leads me to placement of trailing stop of 79.529. However, I made this decision due to the fact that at entry price position there is a key resistance level with tendency of excessive supply of CAD that might lead to downside of the...