Hello,Friends! GBP/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 197.587...
I see a very bullish pattern on GBPAUD on a daily time frame: the pair formed an ascending triangle formation and successfully broke its horizontal neckline. The broken neckline and the trend line now compose the contracting demand zone. A bullish movement may initiate from that. Goals: 1.935 / 1.943 ❤️Please, support my work with like, thank you!❤️
The USD/CAD pair has reached the 1.3780 area of resistance, signaling a potential reversal. This comes in the wake of a robust Nonfarm Payrolls (NFP) report for May, which dispelled fears of a weakening labor market. The report indicated strong labor demand across all sectors and higher-than-expected wage growth. Market Dynamics 1. Strong NFP Report: The...
Hello,Friends! SILVER pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 31.799...
Hi Traders we have XAU/USD We had break and retest. giving us strong bullish candle stick On H4. moving to H1 we have H and HL formation. ENTRY REASON: EM CROSS Certified Price action King
Hello everyone, today let's join Rena to review some information and predict the trend for the GBP/USD currency pair! If GBP/USD maintains above the support level of 1.2550, we might see a recovery towards the resistance level of 1.2650. Today's trend may continue to decline due to the difference in monetary policies between the Bank of England (BoE) and the...
BUY ABOVE - 23340 SL - 23270 TARGETS - 23420,23500,23600 SELL BELOW - 23170 SL - 23270 TARGETS - 23080,23000,22900 NO TRADE ZONE - 23170 to 23340 Previous Day High - 23340 Previous Day Low - 22800 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Hello everyone, today let's join Rena to review some information and predict the trend for the EUR/USD currency pair! If EUR/USD maintains above the support level of 1.0850, we might see a recovery towards the resistance level of 1.0950. Today's trend may continue to decline due to the difference in monetary policies between the ECB and the Fed, along with...
BUY ABOVE - 49940 SL - 49670 TARGETS - 50130,50330,50590 SELL BELOW - 49670 SL - 49940 TARGETS - 49480,49290,49050 NO TRADE ZONE - 49670 to 49940 Previous Day High - 49940 Previous Day Low - 49050 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2304.0 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2338.4 My Stop Loss - 2279.4 About Used Indicators: By the very...
GBPNZD may drop from a key daily resistance. The pair is trading in a long-term bearish trend and an intraday price action on an hourly time frame leave clear bearish clues. I anticipate a retracement at least to 1.077 ❤️Please, support my work with like, thank you!❤️
Hello,Friends! Previous week’s red candle means that for us the NZD/USD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 0.616. ✅LIKE AND COMMENT MY IDEAS✅
✅USD_CHF has been growing recently And the pair seems locally overbought So as the pair has approached a horizontal resistance of 0.9000 Price fall is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-USD is falling on the Elections news, but its likely To be a nothingburger as usual so As the pair is about to Retest a horizontal support Of 1.0733 we will be Expecting a bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅NZD_CAD is trading in An uptrend and the pair Made a bearish correction Then retested the horizontal Support of 0.8400 from where We are already seeing a Bullish reaction so we will Be expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
My dear friends, Please, find my technical outlook for USOIL below: The instrument tests an important psychological level 75.35 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 75.86 About Used Indicators: Super-trend indicator is...
Investors' bottom-fishing mentality when XAU drops XAU price increased again because investors had a bottom-fishing mentality after the price plummeted last weekend. Gold prices are going against the general rules of the market when many forecasters receive bad news. The US consumer price index for May, which is about to be published, is likely to increase,...
Hello,Traders! GBP-AUD made a retest Of the horizontal support Of 1.9242 and we are Already seeing a bullish Reaction so we are Bullish biased and we Will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!