A high number of European Central Bank (ECB) officials are making public speeches in the 24 before the Fed rate decision this week Wednesday that could help or hinder the EUR/USD. Also, thrown in the mix now is French President Emmanuel Macron’s decision to call for a snap local election after the results of the EU Parliament elections, adding to market...
The Loonie (USD/CAD) is falling towards the pivot and could potentially bounce to the pullback resistance level. Pivot: 1.3735 1st Support: 1.3698 1st Resistance: 1.3780 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
Hello Traders, In today's session, we are closely monitoring NZD/USD for a potential buying opportunity around the 0.61000 zone. Currently, NZD/USD is in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 0.61000. Please be aware that tomorrow's trading will be influenced by significant events: the release of the CPI...
EUR/USD 4-Hour and 1D Chart Analysis with Gap Consideration Trend Analysis: - The 4-hour chart shows a clear downtrend, with lower highs and lower lows, indicating persistent bearish momentum. - The recent price action has been moving downward, suggesting continued selling pressure. Gap Analysis: - The chart indicates a potential gap in the price action,...
DOG/USD is falling towards a support level which is a pullback support and a bounce from this level could indicate a double bottom pattern which could lead to a potential price rise. Entry: 0.1364 Why we like it: There is a pullback support level. Stop loss: 0.1308 Why we like it: There is a pullback support level which lines up with the 78.6% Fibonacci...
Trading Setup: There is a Trading Signal to Sell in EURUSD Forex Signal (1h)Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.0759 ⭕️SL@ 1.0786 🔵TP1@ 1.0666 🔵TP2@ 1.0624 🔵TP3@ 1.0581 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands ...
Hi. I think short from this level is worth a risk. After incredible dollar strength on Friday and multiple sweeps, major pairs fallen into demand zones, and because of big long positioning on canadian dollar for commercial banks, I am expecting USDCAD correction. My safe target is 1.371 - and this is where I am planning to close the position for this week. Play...
On last monday we have posted a chart analysis major bullish and bearish points of xauusd. And all our targets were hit ✅✅✅✅ BULLISH: 2335 ✅✅✅ 2343 ✅✅✅ 2347 ✅✅✅ 2355 ✅✅✅ 2367 ✅✅✅ 2376 ✅✅✅ 2398 BEARISH; 2321 ✅✅✅ 2312 ✅✅✅ 2298 ✅✅✅ 2287 ✅✅✅ 2282 our analysis for monday june 10 2024 as xauusd has fallen around 120 points or 1200 pips from its top of 2388 on...
USD/JPY 4-Hour Chart Analysis Trend Analysis: - The 4-hour chart shows an overall uptrend, with higher highs and higher lows indicating bullish momentum. - Recently, the price has experienced some volatility but remains above key support levels. Support and Resistance Levels: - Immediate Support Level: 156.00, which could act as a short-term support if...
Apple is bullish and in an uptrend channel on the daily timeframe. With today's close will confirm, a break out above the resistance area around 195-200 (to become the new support/demand zone) and a break out of the double-bottom pattern. Target is set to the upper levels of the channel at 250.
USD/CHF is rising towards a resistance level which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8998 Why we like it: There is a pullback resistance level which is slightly below the 50% Fibonacci retracement. Stop loss: 0.9093 Why we like it: There is an overlap...
XAG/USD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 30.06 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement. Stop loss: 30.88 Why we like it: There is an overlap resistance...
The Fiber (EUR/USD) is rising towards the pivot which is an overlap resistance and could reverse to the pullback support. Pivot: 1.07973 1st Support: 1.07298 1st Resistance: 1.08394 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
NZD/USD is falling towards a support level which is a pullback support and could potentially rise to our take profit. Entry: 0.61017 Why we like it: There is a pullback support level. Stop loss: 0.60474 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Take profit: 0.61675 Why we like it: There is an overlap...
Price is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit. Entry: 78.18 Why we like it: There is a pullback support. Stop loss: 75.54 Why we like it: There is a pullback support level. Take profit: 81.40 Why we like it: There is a pullback resistance level which aligns with the 61.8%...
Technical Analysis of GBPUSD Stability above 1.2693 will support a bullish trend, targeting 1.2783. Breaking this resistance will lead to further bullish targets. Conversely, a reversal to stabilize below the pivot line at 1.2693 will support a decline towards 1.2627 and 1.2572. Pivot Price: 1.2700 Support Levels: 1.2627, 1.2572, 1.2541 Resistance Levels:...
SP500 Index Technical Analysis The SP500 index appears poised for a retest of the 5320 level. A break below 5320 would likely lead the index to touch 5301. Bullish Scenario: For the bullish trend to continue, the price must stabilize above 5347. If it does, the next target will be 5375. Breaking through 5375 could lead to new record highs. Bearish...
The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support. Pivot: 2,319.97 1st Support: 2,286.09 1st Resistance: 2,351.54 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not...