EUR/USD is "hovering" around 1.11636, with a significant "barrier" at 1.11826 and a key "support" at 1.11034.
The widening Bollinger Bands signal that a wave of volatility could strike at any moment.
RSI is at 59.09, indicating strong buying pressure, but still has room before entering overbought territory.
If EUR/USD breaks past 1.11826, it could continue its...
Hello everyone, I’m Alisa. Today, I will share some insights about USD/JPY.
After a two-day policy meeting concluded today, the Bank of Japan (BOJ) maintained its key interest rate at 0.25%, leading to little movement in USD/JPY prices.
Looking at the chart, the EMA line remains stable with no signs of reversal. Therefore, USD/JPY is expected to maintain its...
AUD/USD is steadily climbing on its upward path, with a solid "wall" of support at 0.67365, well "guarded" by the EMA 89 and EMA 34.
However, the biggest "obstacle" lies at the 0.68310 level – if it can't break through, the market might see a strong correction back to support.
But if this level is breached with sufficient momentum, the sky could open up for...
Hello everyone, I’m Alisa. Today, let’s predict the movement of the EUR/USD price.
Although last Thursday, the U.S. Department of Labor showed positive signs with a decrease in jobless claims, the USD continued to decline after the Fed meeting on September 19th. This has impacted and allowed EUR/USD to rise higher.
Looking at the chart, we can see that the price...
Hello everyone, I’m Alisa. Today, let’s update you on the latest information about gold prices!
After the U.S. Federal Reserve decided to cut rates by half a percentage point on September 19th, gold prices reversed and surged significantly.
According to the 4-hour chart, gold is currently fluctuating around $2,590. The outlook leans towards a continued strong...
Date 20.09.2024
Carry trade is a trading strategy that involves borrowing money at a low-interest cost and investing the same in other assets that provide higher returns.
Carry trade is popular among forex trades wherein an investor borrows from a country with low interest rates and a weaker currency, and reinvests the money in another country for higher...
EUR/USD is currently in a “pressure-cooker” phase as the price climbs to 1.11677, approaching the critical resistance level at 1.11916.
The bullish momentum is like an arrow shot straight upward, but will it have enough strength to break through and reach 1.12444? Or is this the moment when the market prepares for a “reversal” towards the support at 1.11225?
The...
Early Friday, USDJPY reverses the previous day’s run-up to the highest level in a fortnight as the Bank of Japan (BoJ) leaves monetary policy unchanged, as expected.
Oscillators, technical hurdles push back buyers within falling wedge
USDJPY recently reversed from a six-week resistance level, and the RSI is pulling back while the MACD shows signs of a bearish...
Previously I posted one MTF setup in NIFTY, but was unable to add snaps in the chart.
I am posting now one setup in forex Gold. wich I recently found.
TIME Frames in Play : H4 and H1, and M15
1 Daily CS (candle stick) represents H4 structure or Trend.
1 H4 CS represent H1 structure or Trend.
1 H1 Cs represent M15 structure or trend.
H4 Breakout was Buy...
GBP/USD is on the verge of a dramatic breakout! Currently trading around 1.32760, it's hovering just below the critical resistance level of 1.33553.
If GBP/USD fails to break through this resistance, it may retreat to the support level of 1.32396 – a moment where the market holds its breath, awaiting decisions from the Fed and the Bank of...
EUR/USD paused its short-term rally on Tuesday, remaining hesitant above 1.1100 as traders anticipate Wednesday’s Fed meeting.
EURUSD is currently trading around 1.11302 after peaking at 1.11455.
If it fails to break the strong resistance at 1.11455, the price may correct towards the support level at 1.10741, before recovering back to 1.11135.
The EMA 34...
USD/JPY is facing strong downward pressure, hovering around 141.56, with a downward trendline and key resistance at 142.541.
The EMA 34 (141.56) and EMA 89 (142.97) are reinforcing the short-term bearish trend.
If the price fails to break through this resistance, USD/JPY is likely to correct towards the support area and potentially drop further to 138.37.
In...
Date: 3rd July 2024
Time: 7:40 PM
Why USDINR?
1. Everyone know INR is getting weaker against USD day by day, and same thing happened here since Oct 2022 but inside Rising Wedge Pattern in Weekly TF.
2. In Bigger view This Rising Wedge Pattern has formed around resistance line off Bigger Flag in Monthly TF. (Red Doted Line)
3. This pattern can...
GBP/USD is currently trading around 1.32206 after reaching a short-term peak at 1.32653.
The main support level is at 1.31958, and if this level is not maintained, the price may correct to lower levels around 1.32232.
The EMA 34 (1.31474) and EMA 89 (1.31174) still indicate a short-term uptrend, but selling pressure is also starting to form.
Economic news from...
During Tuesday's Asian session, USD/JPY is hovering near the 140.50 level, with key support at 139.570.
If the price holds above this level, it could see a recovery towards the resistance at 141.007.
EMA 34 and EMA 89 indicators are reinforcing the bearish pressure, positioned at 141.592 and 143.189, respectively.
If USD/JPY breaks above the resistance at...
USDJPY ending diagonal pattern breakout with positve MACD cross over.
Bias looks positive.. now shorters should be very careful.
expecting it to bounce atleast 27% to 38% fibonacci levels in short term.
Disclaimer : study is educational AND Not a trading advise.
Currently, GBPUSD is trading around 1.31552 USD after breaking out of the descending price channel. The key resistance at 1.32112 USD presents a significant challenge for the upward trend.
The EMA 34 and EMA 89 lines indicate that the short-term upward trend remains intact, though a correction may occur as the price reaches this resistance level.
Upon hitting...
