Hi Gold traders,
Here i am giving you price action analysis of Gold against Dollar pattern, Have witnessed the sideways market on last week .
technical analysis tells us the price sitting at the strong Resistance area at 1810 to 1815, Confluence support area at 1801 may send the price up till 1829 this week , since we closing on end of July can expect a reversal...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. OMGUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00002060). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00001340). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Hey folks,
HOpe you had a good trading week.
This is EURUSD 4H chart and the price is forming a double top pattern at a strong resistance zone. To confirm this, checked with DXY index too. The DXY index is also at a strong support zone which means price may reverse anytime. Lets wait for a confirmation and enter into a shorting position.
Have a good weekend.
Cheers
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.1230). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETPUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.657). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (107.2). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Biocon seems to be come out of a triangle pattern!
If it sustains it can continue the bull run!
On the bull side.
two scenarios can happen
1>A long candle with small pullback and continue
2>Price again come to test the breakout trendline which is referred as LASTCASE in forex trading!
If you are liking my ideas please Like them it gave me motivation!
And if you...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (134.35). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.735). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
The counter XAGUSD started travelling in an ascending channel from 10th July. The price movement is very aggressive for the past few days. Today the counter has made an entry in the bottom line of the channel at the price 19.91. It's the right time to go for long.
Place your limits between S1 and R1.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (121.9). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.97). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. QTUMUSD is in a range bound and the beginning of uptrend is expected.
=.The price is above the 21-Day WEMA which acts as a dynamic support.
....
