I shared this image because many time I saw this type of patterns in chart but I not take trade but this time I deeply read chart
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price test support at 2018 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2033 Goldturn. Price is playing in a central range in this overall structure and likely to see big swings...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. Currently we are seeing price play between 2044 and 2022 Goldturn. We would need to see a break and lock above and below either level to track price to the next range target. We are now seeing price test support at 2022 Goldturn with a immediate bullish target at 2044. We...
Hey Everyone, This is the new updated DAILY CHART idea with updated levels and Goldturn channel after completing our last daily chart idea all the way into the new ATH. Price is playing in the central zone of the channel with immediate support 1998 and resistance bullish target at 2043. The channel half line may also provide support before the 1998 level and a...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months. Last week we highlighted that we are seeing price in our updated swing range zone and expect reaction on this zone. This played out perfectly, as the swing range providing the swing straight into the axis target once again. We...
Hey Everyone, We finish off the week completing all our targets into 2045 weighted level to complete the range. 2045 failed to break with ema5, as stated yesterday and therefore followed with the rejection. We will now wait patiently for price to settle into a weighted support level below from this rejection and create a new Goldturn to catch the bounce...
Hello traders what do you think about euousd)? traders euousd breakout trade line support levels Rsl retet To lower high Rsl now waiting for retest same Rsl? Now see I will down 👇 support levels ✅ Key levels 1.07948 Key levels 1.06500 Key levels 1.05500 💵 steady, euro soft as traders wager rate cuts to begin in Q1 Dec 6, 202314:19 GMT+5 The dollar held...
The main movement of EUR/USD this week was driven by statements expressing the views of the Fed and ECB with a strong increase from 1.0800 to the important resistance level of 1.1000 yesterday. This makes this currency pair face a rather interesting situation when Eurozone PMI data will be published this afternoon. Does the above data support the ECB's stance of...
New Zealand's manufacturing PMI, also known as the BNZ BusinessNZ Manufacturing Performance Index, jumped from 42.9 points in October to 46.7 points in November and hit a 6-month peak, but is still in the range narrowed and was the 9th consecutive month below 50 points.
The latest Reuters poll on the Bank of Japan's outlook includes the following key points: BoJ will end negative interest rates by 2024, 84% of economists said in their quarter-end forecast; 71% in the November poll and 54% in the October poll. 88% of economists think the BoJ will end yield curve control; 12% think the BoJ will adjust YCC again. 28 out of 42...
Reuters reported: The tax reform council of Japan's ruling Liberal Democratic Party has agreed to reduce income taxes to compensate households suffering from soaring prices and support a change in the deflationary mindset that has pervaded the country. past decades The move is also intended to encourage a healthy growth cycle driven by private sector demand, with...
Hey Everyone, A piptastic day on the charts for us with our chart idea playing out as analysed hitting our bullish targets confirmed with the break of the weighted levels, allowing plenty of time to get in for the setups. 2012 lock opened 2022 and 2034 and then 2034 lock opened 2045, which were all hit perfectly!!!! We are now seeing a rejection at 2045...
Hey Everyone, And what can I say apart from BOOOOOOM!!!! We got the swing range reaction we expected once again for another perfect swing and a lovely catch for us, from the bottom inline with our plans to buy dips. We also got our Bullish targets at 2001 and 2012 now complete. 2012 is a weighted level and will need ema5 to lock above it to open the range above...
Attempting to recover in the first half of the session, buyers were unable to push the price above the important psychological resistance level of 2000. Selling pressure returned strongly around this resistance level and created a new bearish signal. This price behavior shows that sellers are still in control of the situation, the price will likely continue to go...
NZD fell during the session, a report from Westpac cut its expectations for Q4 CPI to 3%. If inflation falls rapidly, it would mean the Reserve Bank of New Zealand does not need to keep interest rates 'higher for longer' and would therefore cut support for the NZD. In addition, the Tankan Q4 report includes a survey of thousands of Japanese companies of all...
Hey Everyone, Another great day on the charts today, catching the bounce from the swing range. Once again it did exactly what it says on the tin!! Yesterday we stated on the chart update that we had the first test on the swing range level at 1978 and we were expecting a swing reaction here. This played out perfectly, as we got the swing into 1990 inline with our...
BOB is near to its ATH levels, above 219 we can see it crossing ATH and moving towards 260 levels. good choice for long term investment
UBS comments ahead of the December 12th and 13th FOMC meeting: The Summary Economic Outlook (SEP), released at the same time as the December policy statement, says there will likely be at least one, and more likely two, rate cuts in 2024. . While the market is happy with the FOMC's rate cuts, UBS expects the committee to be a little more cautious. The...