EUR/USD Analysis – December 19, 2024 Overview: Today, let’s focus on EUR/USD. The price recently retested its demand zone at 1.03611, where it experienced a strong rejection from the downside. Following this, the price has begun to climb upward, indicating a potential bullish move. Trade Idea: Potential Long Entry: Around 1.03611, where the demand zone...
US Index (US30) – Daily Time Frame Analysis Overview: Today, let’s analyze the US Index (US30) on the daily time frame. Over the past several days, spanning more than a week, the trend has been distinctly bearish. Key Observation: The price is now nearing a significant key level in the range of 43,200–43,300. This area could act as a strong support zone,...
German Index (DE40) – Daily and Lower Time Frame Analysis Overview: As we have been covering the German Index (DE40) over the past several days, we are finally observing a shift in momentum. On the daily time frame, the overall momentum has turned bearish, and the price is clearly moving downward. Key Observations: Bearish Momentum: The price is trending...
German Index (DE40) – 4-Hour Time Frame Analysis Market Context: After a very strong bullish trend, the German Index (DE40) appears to be approaching a point where a potential retracement could take place. The market may be signaling a slowdown in bullish momentum, and a correction to the downside is a possibility. Potential Take Profit Levels: First Take Profit...
Gold Spot (XAU/USD) – 30-Minute Time Frame Analysis Market Context: The price is currently retesting a potential support level around 2,707, following a retracement from a recent high. This level might act as a pivot for possible bullish activity, suggesting a scenario where the price could move upward. Key Observations: Support Zone at 2,707: The price is...
USD/JPY – 30-Minute Time Frame Analysis USD/JPY has recently broken above the key resistance level of 150.665 and is now retracing to test this level as potential support. This is a critical zone to monitor for a potential buy opportunity, provided the right conditions are met. Key Levels and Trade Setup Retest of 150.665: The price is retracing to the 150.665...
DE40 (German Index) – Weekly Insight and 4-Hour Analysis The German Index (DE40) has been strongly bullish over the past week. However, I’m currently avoiding any long trades, and here’s why: Whenever the market rallies sharply—especially with DE40—there’s a high probability of a sudden crash before you can react. While the 4-hour time frame shows slight...
USD/JPY – 4-Hour Analysis The USD/JPY pair has recently broken out of its bearish trend, which was characterized by a series of lower highs and lower lows. This marks a potential shift in market structure and opens up opportunities for both levels of resistance at 149.550 and 150.700. Key Levels to Watch: Resistance at 149.550: If the price moves up to test...
DE40 (German Index) – Update on Yesterday’s Projection As projected in yesterday’s analysis, DE40 has successfully broken to the upside, confirming the bullish momentum. Now, the key focus should be on waiting for the price to retest the critical zone at 19,675. Potential Trade Opportunity: If the price pulls back to 19,675, this could present a solid buy trade...
DE40 (German Index) – 1-Day Time Frame Analysis The price of DE40 is nearing its all-time high at 19,677, and we’ve seen strong bullish momentum over the past several weeks. Based on this trend, there’s a good chance the price may continue to rise. Two Scenarios to Watch: Possible Reversal: While the bullish trend is dominant, there’s a possibility of a...
XAU/USD Analysis – 1-Day Time Frame Over the past month, XAU/USD has been bearish. However, we recently saw a reversal, with the price testing a key resistance zone at 2718. Following this, the price retraced sharply to 2608 before starting to climb again. Potential Trade Setups: Short Opportunity at 2675: As the price approaches the 2675 resistance level, watch...
EUR/USD Analysis – 1-Day Time Frame In the past month, EUR/USD has been strongly bearish, but we’re now seeing signs of a reversal as the price begins to climb. Recently, the pair has broken through a key daily resistance level and is now heading toward the next resistance zone at 1.06040. Two Potential Entry Models: Rejection from Resistance: If the price...
FOREXCOM:USDCAD looking at the technical and trend analysis come to the conclusion USDCAD will go up in a long term but will come down when touches the resistance line.
while looking at the chart its looks to me price is gonna drop to 0.32500 but will go up again until it reaches the showed resistance on the top than there will be a massive down falls in the price. FOREXCOM:GBPUSD FOREXCOM:GBPUSD