Nice re-test of the support level post the ADP jobs data which was good for the dollar. But this is a solid support and technically a good entry point. Stop below the range lows and use the Ichimoku to ride the trend for a bit.
The pair has just broken down from a continuation head and shoulder pattern on the hourly timeframe. Kiwi definitely looks like it is the strongest currency right now against the us dollar. Expect this breakdown to lead the pair much lower to the previous daily supports.
EUR/USD Bulls to Target $1.0850 on German Consumer Confidence
It is a relatively busy day for the EUR/USD, with German and French consumer confidence and ECB commentary to draw interest.
The EUR/USD needs to avoid the $1.0829 pivot to target the First Major Resistance Level (R1) at $1.0862. A move through the Tuesday high of $1.08485 would signal a bullish...
This morning, the EUR/USD was up 0.13% to $1.08107. A mixed start to the day saw the EUR/USD fall to an early low of $1.07949 before rising to a high of $1.08195. The First Major Resistance Level (R1) at $1.0817 capped the upside.
The EUR/USD needs to avoid a fall through the $1.0781 pivot to retarget the First Major Resistance Level (R1) at $1.0817 and the...
GBPNZD Bulish Trade Opportunity
Its recently retest the support area and the formation of a reversal candle on that level, it's a favorable opportunity to initiate a buy trade with a good risk-reward ratio.
The EURUSD pair’s strong decline stopped at 1.0515 yesterday, which formed solid support against the price, to rebound bullishly and start building bullish wave on the intraday basis, motivated by stochastic positivity.
Therefore, we expect to witness more bullish bias in the upcoming sessions, and the targets begin at 1.0640 and extend to 1.0745 after surpassing...
The EUR/USD needs to avoid the $1.0547 pivot to target the First Major Resistance Level (R1) at $1.0569 and the Wednesday high of $1.05739. A return to $1.0550 would signal a bullish session. However, the EUR/USD would need hawkish ECB chatter and US stats to support a breakout session.
In the case of an extended rally, the bulls will likely test the Second Major...
Next week will be the pump week for EU
This week was full of USD news and stuffs that effected badly for EU, This gonna reverse in next week and positive news for EU also coming
The EUR/USD needs to avoid a fall through the $1.0600 pivot to target the First Major Resistance Level (R1) at $1.0623 and the Thursday high of $1.06278. A return to $1.0620 would signal a bullish session. However, the EUR/USD would need today’s stats and the ECB chatter to support a breakout session.
In the case of an extended rally, the bulls will likely test...
Definitely looking to trade some gold this week, We've entered the regional supply region, I believe price will seek the institutional safe heaven of 1900.000 in order to collect balance.
Price is currently trapped within the 2h liquidity pool within 1930, let's see how the market develops on the opening.
RR potential 1:16
Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors .
Trading suggestion :
📍XAUUSD
🔰 SHORT
🔴Sell Now or Sell at : 1879.66
⛔️Stop Loss : 1889.00
🌀Take Profit 1 : 1860.35
🌀Take Profit 2 : 1841.03
🌀Take Profit 3 : 1804.85
⛔️ Trading and...
AUD/USD case study
-Price did come back into the demand zone
⁃ Price is not approaching the 4H supply zone
- It has been a lot of imbalance when buyers are in control
Based on technical factors there is a Sell position in :
📊 GBPUSD
🔴 Sell Now 1.2051
🧯 Stop loss 1.2150
🏹 Target 1 1.1897
🏹 Target 2 1.1740
💸RISK : 1%
We hope it is profitable for you ❤️
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