Eur/Aud 4H? Trend: Bullish? Strategy: Supply and Demand?? We have a recent expansion to the upside and a premium demand zone that remains unmitigated. If price reacts positively on the zone, look to go long until price hits last swing as TP⬆️
It is expected that the downtrend has ended within the support trend line and the start of the upward trend is now expected.
asset Punching a slant on a third touchdown. the target after the breakthrough is the minimum (marked with a blue unit). I suspect that bad news about this asset is coming. if you like the idea, please "Like" it. This is the best "Thanks!" for the author ? P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Note This Analysis is Invalid when price Break the High-0.63311..ENJOY!!
Yesterday, the gold price continued to rebound but the momentum was insufficient. Gold fluctuated in a narrow range of $2905-2922 and closed at $2912, up 0.8% from the previous day. The market shows that the gold price failed to hit the key resistance zone of $2920-2930 three times. This area is superimposed with the upper track of the previous falling channel and the Fibonacci retracement level, forming a double technical barrier. The current daily MACD red column continues to shorten, and the RSI indicator hovers in the neutral area of 55, indicating that the long and short forces have entered a tug-of-war stage. From the technical structure, $2922 is the primary pressure point of the day. To break through, it needs to stand firm at the integer level of $2925. The $2905 level below is the recent long-short watershed. If it falls below it, it will test the previous low support of $2894. It is worth noting that the holdings of the world's largest gold ETF have been net outflows for three consecutive days, reflecting the cautious attitude of institutional investors before the Fed's interest rate decision. Gold operation suggestion: short near rebound 2916-2922, stop loss 2930, target 2905
Pairs on Watch - FX:USDJPY FX:GBPUSD FX:EURAUD A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
Textbook, beautiful symmetric Head & Shoulders reversal pattern emerged on Ripple approaching the Neckline. Head is the highest peak among three on the chart Neckline is built through valleys of the Head. Price already tested Neckline support and was rejected yesterday. Bearish trigger is on the clear breakdown. Target is located at 0.55 It was calculated by subtracting the height of the Head from the Neckline. It is the support area where XRP started its rally before. "What goes up should come down"
⭐️Smart investment, Strong finance ⭐️EURGBP INFORMATION: EUR/GBP extends its winning streak since March 3, hovering around 0.8440 during Tuesday’s European session. The pair gains momentum as the European Union (EU) considers boosting defense spending through joint borrowing, EU funds, and an expanded role for the European Investment Bank (EIB), with crucial decisions anticipated by June. ⭐️Personal comments NOVA: EURGBP H1 breakout price zone retreats, continuing the uptrend ⭐️SET UP EURGBP PRICE: ?BUY eurgbp zone: 0.84200 - 0.84100 SL 0.83800 TP1: 0.84500 TP2: 0.84800 TP3: 0.85200 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
GBP/USD Trading Idea - Long Position Fundamental Context: - US inflation is expected to decline today, which could weaken the USD and support the GBP. - The Bank of Canada is also expected to lower its interest rate, impacting overall market sentiment. - Other key economic events throughout the day may increase volatility in the forex market. Technical Analysis: - The trend remains upward, indicating bullish momentum for GBP/USD. - The US dollar is weakening, favoring a continuation of the uptrend. - Key buy-the-dip levels: - 1.2915 as the first buy entry - 1.2875 as a key support zone for additional buys Trading Strategy: - Buying on dips around the mentioned levels - Stop-loss adjusted based on volatility and technical confirmations Market Bias: Bullish Risk management remains crucial in case of trend reversals. What are your thoughts? Share your views in the comments.
Macro: - Economic concerns in the US, including slowdown risks and trade policy uncertainties, have weakened the US dollar against the swiss franc, benefiting from its safe-haven status. - Traders expect 0.75% in Fed rate cuts this year, with a Jun cut fully priced. Investors now await Wed's US inflation report for further cues. - Meanwhile, net long dollar positions in currency futures markets have significantly dropped from Jan's nine-year high, which may reduce the further extreme reallocation away from USD. Technical: - USDCHF bounced after reaching the support cluster of 0.8770-0.8800, which coincides with the 100% Fibonacci Extension. The price is below both EMAs, indicating persistent bearish momentum. - If USDCHF remains above the support area of 0.8770-0.8800, the price may retest the resistance area of 0.8900-0.8915. - On the contrary, a closing below 0.8770 may prompt a continuous decline to retest the following support area of 0.8617-0.8650, confluence with the 161.8% Fibonacci Extension. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness