TAG: USDCHF
Trading Signal for EUR/USD for April 2-4, 2024: buy above 1.0742 (0/8 Murray - rebound)
The euro is trading around 1.0747, above 0/8 Murray, and inside the downtrend channel forming since March 8. On the H4 chart, we can see that the euro reached the bottom of the downtrend channel around 1.0720 and from that level, it is bouncing and is lik...
6 months ago
Target Thursdays: EURJPY, USDCHF & XAUUSD reach targets!
Check out these potential profits that you may have missed from our Daily Market Analysis. EURJPY bulls take home 84 pips USDCHF secures all bullish targets XAUUSD hits 2nd profit level 1) EURJPY up over 200 pips this week Where and when was Tar...
6 months ago
Trading Signals for GOLD (XAU/USD) for April 8-10, 2024: sell below $2,350 (6/8 Murray - overbought)
Gold reached a new high around 2,354.14 during the European session. Since the market opened this week around 2,323 due to strong volatility and low liquidity, gold rose in a few hours to 2,254.Although Friday's Non-Farm Payrolls data was favorable for th...
6 months ago
Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and the US dollar index
GBP/USDAnalysis:Since July last year, the main direction of price movement in the GBP/USD pair has been determined by a descending wave algorithm. Its structure is developing as a corrective type, resembling a "pennant." The unfinished section started cou...
6 months ago
Trading Signals for EUR/USD for April 8-10, 2024: buy above 1.0833 (3/8 Murray - 21 SMA)
EUR/USD is trading around 1.0832, within the downtrend channel formed on the H1 chart, and around the 21 SMA. We can see that the euro is above the 200 EMA. It means that there could be a sharp break of this channel and EUR/USD could continue its rise and...
6 months ago
Trading Signals for GBP/USD for April 8-10, 2024: buy if breaks 1.2634 (3/8 Murray - symmetrical triangle)
The British pound is trading around 1.2625, consolidating for several hours around this area and forming a symmetrical triangle pattern. This pattern could give us a clear signal in case of a breakout.If this scenario occurs, we could look for opportuniti...
6 months ago
Trading Signals for EUR/USD for April 10-12, 2024: sell below 1.0864 (4/8 Murray - symmetrical triangle)
EUR/USD pair is trading around 1.0852, below the strong resistance of 4/8 Murray located at 1.0864, and below the 21SMA located at 1.0859 showing signs of exhaustion.On the H1 chart, we can see the formation of a symmetrical triangle pattern which makes u...
6 months ago
Trading Signals for GOLD (XAU/USD) for April 10-12, 2024: sell below $2,364 (6/8 Murray - head and shoulders)
Gold is trading around 2,348, bouncing after having reached a daily low of around 2,338. Yesterday during the European session, gold reached a new high at 2,365 and from this level, it made a technical correction. However, the bullish force is still preva...
6 months ago
Trading Signals for GOLD (XAU/USD) for April 9-11, 2024: sell below $2,364 (6/8 Murray - overbought)
Gold is trading around 2,346.43, retreating after reaching a new high of 2,365.54. This area below 2,375 is considered strong resistance since there is 6/8 Murray, a weekly and monthly resistance.A strong technical correction is expected to occur in the n...
6 months ago
Trading Signals for Ethereum (ETH/USD) for April 10-15, 2024: sell below $2,364 (3/8 Murray - symmetrical triangle)
ETH/USD is trading around 3,514 within the symmetrical triangle pattern, forming since March 6. On Sunday, ETH reached a high of 3,727, a level that coincided with the top of the symmetrical triangle. Now Ether is consolidating around the 21 SMA. So, we a...
6 months ago
Trading Signals for BITCOIN (BTC/USD) for April 10-15, 2024: sell below $69,000 (3/8 Murray - bullish wedge)
Bitcoin is trading around $68,926, retracing after the attempt to break the strong resistance at $72,500. We are currently observing the formation of a bullish wedge pattern. Therefore, if there is a sharp break below this pattern, it could confirm a tren...
6 months ago
Trading Signals for EUR/USD for April 11-15, 2024: buy above 1.0742 (0/8 Murray - rebound)
EUR/USD is trading around 1.0743, below the 21 SMA and 200 EMA. We can see on the H4 chart that the euro made a strong bearish move after falling below 1.0864 and below the technical pattern.Yesterday after the inflation data from the United States, the e...
6 months ago
Trading Signals for GOLD (XAU/USD) for April 11-15, 2024: buy above $2,345 (6/8 Murray - symmetrical triangle)
Gold is trading around 2,340.64 within a symmetrical triangle pattern formed on the H4 chart. XAU/USD is trading below the 21 SMA and is bouncing after reaching the bottom of this triangle. The metal is likely to continue moving within this pattern in the...
6 months ago
Trading Signals for GBP/USD for April 11-15, 2024: buy above 1.2527 (1/8 Murray - rebound)
The British pound is trading around 1.2565, below the 2/8 Murray which represents strong resistance, and above the psychological level of 1.25.We believe that the British pound could recover in the coming days since the strong downward movement caused by...
6 months ago