The world gold price stood at $1,915, down $12 compared to the same hour last morning. Rising bond yields have put downward pressure on gold. This morning, the yield on the US 10 Treasury note rose to 3.83%, increasing the opportunity cost of holding non-yielding assets like gold. Experts forecast gold has a risk of falling to $ 1,900 / ounce in the short term...
The pair has started a new uptrend and has stayed above the ichimoku cloud for a decent amount of time. It is now at a support level both from the point of view of the ichimoku clouds and also the standard pivot level. It also seems to be forming a flag pattern on the hourly timeframe which further adds conviction to the long idea. The target will easily be a new...
EUR/GBP has rallied on the one hour timeframe after forming a bullish divergence on the chart. It is now back to a very strong resistance zone. The pair is already looking quite stretched and with a strong resistance nearby it is quite likely to retrace from here for a decent trade.
Check the previous Idea, the trend is clearly bearish, and now the price breakdown the psychological support of 1900 so we can expect more decline soon.
Looks like another breakout from the consolidation pattern on the hourly timeframe. The pair has the next resistance only at 145 level. That is a lot of room to rally.
Another yen pair where we are seeing a breakout and the closest resistance is a long way away. Also note the hike by ECB yesterday of 0.5% point will lend support to pound.
Trade Analysis : Swing EURUSD Downtrend Channel analysis on EURUSD Trend Identification: Swing Downtrend EURUSD . Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bearish pullback with market structure. Targets: T1 = 1.6000, T2 - 1.0550. Risk Management: Set appropriate stop-loss...
Trade Analysis : Swing USDJPY UPTREND Trend analysis on USDJPY Trend Identification: Swing Uptrend USDJPY. Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bullish pullback with market structure. Targets: T1 = 141.00, T2 - 142.500. Risk Management: Set appropriate stop-loss levels to...
Kiwi has come to a key pivot level and the oscillators are also oversold. There is a case for some mean reversion in the pair at this level. Stops can be below the support and the long positions probably can be hold over the weekend as well. It will be difficult to take this level out for the bears in first try.
lets wait and react to the market which is near the 4h lower high if it breaks the high we can enter in the pull back for the buy opportunities if the price shows some smaller timeframe structure breaks towards the downside we can look for sells.
FOREXCOM:NZDCAD - Break the supply but not closing above the supply - Wait for the Confirmation in LTF -2 Higher High....Looking for the 3rd High -Chance to Sweep the IDM(x) & Reverse - V-shape recovery - High Volume in Buying Candle ...............here is the full multi time frame analysis for this pair, let me know in the comment section below if you have...
FOREXCOM:EURUSD - This is 15m Setup idea - Wait for the LTF confirmation - React from 1 DAY POI - expecting take a IDM & react from our Order-block
Gold prices hit a three-month low in midday trading on Thursday in the US. Central banks are still focused on their monetary policies this weekend. This trend of falling prices is due to both reduced demand and the increasing attractiveness of government bonds as bond yields rise. In the end, gold for August dropped by $19 to $1,925. The central bank of Norway...
The pair has broken out from the flag pattern and also has broken above a key level. The closest resistance now is at the 1.1085 zones. There is a good chance that the pair goes till there. It will also have an impact on the eur/cad pair which has been in a range. There is a good chance that now even that pair breaks out from the range. Stop for EUR/USD can be at 1.0943
The EUR/USD looks like it is forming a continuation flag pattern after a good uptrend which is a bullish sign. The breakout has not happened yet but there is a very good chance that it will indeed breakout from the flag. The pattern also looks a lot more mature now, so the breakout will be a lot more reliable.
The red flags have been mounting in gold for a few weeks now - and likely to no surprise to regular readers, my opinion continues to reflect caution; today, more so than over the last month. The below daily chart shows the rejection at the prior upward trendline proving itself stiff. The $1930 spot is once again broken to the downside, and daily momentum looks on...