Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.76900 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.76900 support and resistance area. Trade safe, Joe.
Nice head and shoulders ?! I think inj can drop to 20 $ if head and shoulders approve
Hi everyone, Ethereum price decreased on 7% after almost reached 4000 level. ETH dropped to 3700 support area and started to recover following Bitcoin rise and now there is a good spot to enter a long position as Ethereum remain to be bullish on ETF news. I opened ETH UP position at 3735 price with 10x leverage on Fybit trading platform. Target for this trade...
NZDUSD analysis 1 hour time frame The price can move up to the top of its 1-hour range and continue to fall from there.
Analysis of GBP Time frame of 4 hours From these ranges, the price can drop to the range of 26,500
On the monthly we are currently witnessing the formation of a descending trangle in preparation for a breakout to the upside if we cross 1.13093 or to the downside if we cross 1.04898. This level has been mitigated back in July 2022 taking all buy side liquidity in the process beofre returning to create the new support level to begin a new wyckoff accumilation...
Euro analysis Time frame of 4 hours Any rise in the euro gives us the opportunity to trade shorts to reach the 4-hour demand areas.
Euro analysis Time frame of 4 hours Any rise in the euro gives us the opportunity to trade shorts to reach the 4-hour demand areas.
Dear traders! Overall, this week's outlook for GBPUSD is bullish as it recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on the back of promising Retail Sales data. UK disappointment. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground. With a positive outlook this...
Dear traders! From the previous H2 chart, we see the trend changing, then the market moved into a consolidation phase and reached 1.2681. Accordingly, the resistance area continues to hold the price amid corrections and sell-offs. With the current trend, price reduction is possible. I expect that after the recovery period according to the Fibonacci measurement and...
Dollar Index nicely respected a key daily horizontal resistance. I see a double top formation on an hourly time frame and a confirmed violation of its neckline. I think that the market may drop at least to 104.43 before the news. ❤️Please, support my work with like, thank you!❤️
USDJPY is on supporta nd grab liquidity from here then we can see upside move and take tp around 0.5 FIB level. Manage your risk accordingly.
Dear traders! EURUSD has bounced off the range support, as the price tested this support several times. Therefore, the upcoming prospects of EURUSD will be under dominant pressure from the bears. It is expected that this price drop will reach the 1.0728 mark at least.
Dear traders! Earlier we saw the bulls' attempt to maintain a gradual rise towards the 1.0900 level. However, the Pair retreated after the unsuccessful attempt, mainly due to the strengthening of the US Dollar (USD), dragging EUR/USD to a new 5-day low near the 1.0820 region. Looking ahead, relatively weak economic fundamentals in the Eurozone, coupled with the...
Dear traders! I still maintain faith in GU's uptrend because the overall trend is still favorable for buyers as the price continues to rise above the 34 and 89 EMA, signaling and creating new momentum for GBP/USD. With the possibility of forming a DOW, using Fibonacci, the price has reached the perfect level of 0.618 i.e. 1.265 and increased sharply up to 1.277...
Dear traders! EURUSD has formed a classic bullish structure (bullish flag). Theoretically the pair should strengthen further. And we are expecting a further move towards targeting at least the 1.0895 local high. A breakout and consolidation above this level will see the pair looking for higher highs possibly at 1.1000. If you like the idea, don't forget to leave...
Dear traders! USD/JPY is reversing from near 157.00 in Asian trade on Tuesday, weakened by a fresh wave of US Dollar selling, as risk sentiment gets a fresh boost on China optimism Quoc. Investors are waiting for Fedspeak and key data to determine the pace of interest rate cuts from central banks going forward. In terms of technical outlook, from the 1-hour chart...
Dear traders! Gold prices today continue their technical downtrend as the USD exchange rate and US Treasury bond yields increase in the context of financial markets increasing expectations that the US Federal Reserve (Fed) will keep interest rates high. longer longer.