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EURUSD FX Signal: Can it Trade Higher?EURUSD posted some gains due in recent days due to the Fed Powell's speech at Jackson Hole (online speech). Powell affirmed the Fed will opt for average inflation while assuring rates will remain low. The new inflation framework weakened USD against a basket of currencies. The impact of the new framework may last for some time but due to the upcoming US elections the polls may begin affecting USD as we near November. There has been a 4hr breakout in EURUSD as seen on the chart. As the currency pair was held in a range for some time it may pave the way for further gains.as The potential target is around 1.2040. As this is a 4hr chart it may take some time as opposed to a similar technical setup on a 15min chart for example. It should not take more than 48 hours. The breakout may remain valid as long as EURUSD does not post a 4hr close above 1.1950.
Long
by DDMARKETS
1
GOLD - DAY TRADE VIEW.GOLD - Currently in a no trading zone from 1938 to 1947 Approach should be wait for the breakout on either side. If buy triggers above 1947, Stop loss should be 1938 for Potential up move 1954 - 1968 If sell triggers below 1938, Stop loss should be 1947 for potential downside 1925 Buy as per the level mentioned in the chart or I have written it here for your better understanding as well. Traders, If you liked this idea, hit the like button and write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks for your better understanding Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
OANDA:XAUUSD
by Professor_GS
6
EURUSD FX Signal: Bearish Signs or More Room to the Upside?EURUSD has been largely affected by the rising cases of covid-19 in the US as well as central banks' monetary policies. What has kept USD Weak is the US stimulus that is stuck due to disagreements between the Republicans and Democrats. Based on the 4hr Chart it appears we may see some USD strength as the upper resistance is holding. The initial target is 1.1830. In an event EURUSD does post a 4hr close above the resistance it may pave the way for stronger gains towards 1.1940. You may have noticed that the market has changed in the past several weeks, it may be due to the monetary policies of central banks across the word to combat the coronavrus impact on the economy.
Short
by DDMARKETS
1
GBPCAD - Weekly Analysis.Refer the chart for detailed analysis ; GBPCAD - My analysis for the next week is based on the levels mentioned. So for now it's neutral. BUY & SELL entry levels are mentioned in the chart with the potential upside and downside move. Maintain proper risk reward based on your risk appetite. Meanwhile I will keep update about the DAY TRADE VIEW, so stay tuned. Traders if you liked my analysis, do hit the like button and share this analysis with your traders friend. If you have any doubt or want to discuss anything about this analysis, Write in the comment section. Cheers..Happy trading..Thanks !!
by Professor_GS
1
GOLD - Buying momentum continues from the bottom.Refer the chart for detailed analysis ; GOLD - Gold trading on the verge of positive breakout on hourly candles, momentum is stronger and it's sustaining above the trend line from the support as well, Buy is good above the level of 1948 for a potential upside up to 1956 - 1962 Cheers ....Happy trading...All the best Traders if you liked the idea or have any opinion about the trade, write in the comment section. Thanks !!
OANDA:XAUUSDLong
by Professor_GS