NZDUSD remains positive around 0.6035-40 early Tuesday, despite lacking upside momentum of late. In doing so, the Kiwi pair defends the previous week’s rebound from the lowest level since November 2023 while portraying the trader’s anxiety ahead of Wednesday’s monetary policy announcements from the Reserve Bank of New Zealand (RBNZ) and the US inflation data,...
GBPCAD is looking for long after forming a reversal formation & expecting to reach at 1.73500
EURUSD remains pressured at the lowest level in five weeks, down for the fourth consecutive day, as market players await the US Federal Reserve’s (Fed) preferred inflation gauge, namely the Core Personal Consumption Expenditure (PCE) Price Index data for February. In doing so, the Euro pair pokes the key support line stretched from early October 2023 while...
GBPUSD prints mild losses around 1.2630 while paring the first weekly gains in three, so far, as traders await Thursday’s final prints of the UK and US Gross Domestic Product (GDP) for the fourth quarter (Q4) of 2024. In doing so, the Pound Sterling struggles to defend the previous week’s rebound from the 200-bar Exponential Moving Average (EMA) amid downbeat RSI...
Gold price remains lackluster within a three-week-old trading range, struggling to extend the weekly rebound by the press time. However, a gradually firming RSI (14) line joins the bullish MACD signals and a one-week-long bull pennant to keep the XAUUSD buyers hopeful. That said, the aforementioned trading range’s top surrounding $2,188 guards the immediate upside...
AUDUSD struggles to defend the week-start recovery from an ascending support line stretched from early February as traders await the key US Durable Goods Orders and the Aussie inflation data, scheduled for Tuesday and Wednesday respectively. In doing so, the risk-barometer pair jostles with the 200-SMA hurdle surrounding 0.6555. It’s worth noting that the market’s...
GBPJPY is looking for short after forming reversal formation & clear movement to the downside to reach at 189.500
USDJPY remains pressured towards 151.00 while keeping the previous day’s U-turn from a five-month-old horizontal resistance zone amid Monday’s sluggish Asian session. In doing so, the Yen pair justifies the RSI (14) line’s divergence with the latest high in prices. However, the bullish MACD signals and the quote’s successful trading above the...
AUDUSD stays on the way to posting a second consecutive weekly loss while reversing the post-FOMC rally. In doing so, the Aussie pair portrays a U-turn from an 11-week-old horizontal resistance surrounding 0.6640 amid a pullback in the RSI (14) line from overbought territory and a looming bear cross on the MACD. Also keeping the pair sellers hopeful is the clear...
GBPUSD bulls take a breather at a weekly high, after rising the most in a fortnight the previous day, as traders await the Bank of England’s (BoE) monetary policy announcements on Thursday. Also important will be the preliminary UK S&P Global/CIPS PMIs for March. That said, the quote’s successful break of a two-week-old descending resistance line, now support, as...
Gold price licks its wounds around the mid-$2,100s while portraying a choppy move between the one-week-old descending resistance line and $2,148 support confluence comprising the 10-day Exponential Moving Average (EMA) and the previous yearly high. In doing so, the XAUUSD depicts the market’s cautious mood ahead of the all-important monetary policy decision from...
FOREXCOM:GBPUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
Sell at current Price, With a Stop at around 43000 , For an objective of 41200.
EURUSD floats above 100-SMA on early Monday, after posting the first weekly loss in three. However, the quote remains well below the key resistance confluence surrounding 1.0930, which comprises the 50-SMA, the bottom line of a monthly bullish channel and a downward-sloping trend line from November 29. It’s worth noting that the RSI rebound from the oversold...
EURUSD portrays a corrective bounce from the weekly low, snapping a two-day losing streak, as the pair traders await speeches from European Central Bank (ECB) President Christine Lagarde and Federal Reserve (Fed) Chairman Jerome Powell, scheduled late Friday. In doing so, the Euro pair reverses pullback from a five-month-old horizontal resistance as the RSI (14)...
USDCHF - Selling Opportunity. Analysis Timeframe: 1D. Selling opportunity on USDCHF if we observe price confirming a downward breakout of the chart pattern with a strong candle. Our profit target will be set at the last low before the formation of the mentioned pattern. As for the Stop Loss, we will place it above the fast-moving average acting as resistance. (🇮🇳)
USDCAD - Selling Opportunity (Part II). Timeframe of the analysis: 4H. After the first analysis on USDCAD with double Take Profit and having already achieved the first one, the price has formed a bearish continuation pattern that we hope will break in the next move and take us to the final profit-taking point.
EURUSD - Buying Opportunity TF analysis: 4H. Buying opportunity in EURUSD in the event of seeing the price confirming a false breakout of the chart pattern it was in, while also rejecting the moving average acting as support.