βIf you give a man a fish, he will be hungry tomorrow. If you teach a man to fish, he will be richer forever.β Except for the actual execution of trade entries, forex signal services perform all of the functions of a robot. A "professional" trader may provide trading signals (for a price, of course) for customers to act on, in addition to maybe employing an...
The sentiment of EUR/USD still remains bearish, as the price keeps printing Lower Highs and Lower Lows. This morning, the price managed to spike above 1.098 zone of previous support later on turned resistance, which also acts as the resisting point of the previous lower-timeframe Lower High. However, it was not able to hold much longer above the local zone and it...
As it can be inferred from the chart, a massive ascending channel has been formed and the price is currently testing the upper boundary of it. Just like it is written in the books, after a massive impulsive move, a correctional move should happen in order to complete the pattern. We are expecting for the price to form a nice top and drop all the way down till the...
After tapping into the zone of all-time high last week, the price of gold has been rapidly dropping ever since. From the DAILY timeframe chart, it can be witnessed that the previous DAILY candlestick has left a huge wick to the downside and closed in the favour of buyers. Yet, the current DAILY candle looks super bearish. It had been forecasted that the price is...
As it can be inferred from the graphical illustration, the price is still ranging between the boundaries of the downtrending parallel channel. Taking a look at the current price action and few previous DAILY timeframe candles, it can be observed that the price is nicely rejecting the local zone of resistance and preparing to drop even further. If everything plays...
Hey, wizards! Happy time of the day. It's Friday, so we have decided to have a little bit of fun and put out a Trading Alphabet, or in other words, which trading-related tools, securities, phrases do we associate with each and every letter in the Latin alphabet. Do you agree with the list? What would you add or modify? Happy upcoming weekend and big love to you...
As it can be noticed from the chart, the price has been on a bullish run for quite some time. A nice uptrending curve illustrated on the graph serves as a powerful line of support. Moreover, the price is currently sitting on a zone of previous resistance now turned support. Therefore, we are waiting for a nice bottom to be formed before we can open long positions...
The price is currently testing the area of previous support now turned resistance that lines up with 50% Fibonacci retracement level. We are patiently waiting for the price to form a nice top around this local zone before we can go short and aim for the 1.0807 price mark (previous Lower Low).
As it can be inferred from the graphical illustration, the price has nicely completed the "impulse+correction" pattern. A nice top is being formed at the area of previous support now turned resistance that lines up with 50% Fibonacci retracement level. We are expecting for bearish moves to kick in and drive the price all the way down till the area of 149.3 major support.
As it can be noticed from the DAILY timeframe chart, the price has been dropping non-stop. After a strong impulsive move, a correctional move is needed. Therefore, we are expecting for the price to keep rising in the short run and reach the 1.114 area of previous support now turned resistance. Our long-term bias still remains bearish. Therefore, after the...
As it can be inferred from the chart analysis, the price is slowly approaching the zone of previous support now turned resistance. The same zone also lines up with the upper boundary of the formed downtrending parallel channel. We are gonna closely monitor the price action around this area before opening short positions and aiming for the zone of support...
Taking a look at the Weekly timeframe chart, it can be inferred that the price has nicely bounced off 0.52 major zone of support. Could it be a turning point? Will the price skyrocket from here? Only time will tell. Zooming into H4 timeframe chart, we can clearly observe that the price has formed a nice Inverse Head&Shoulders pattern on a zone of previous...
115.35 and 115.75 are zones to follow closely and look for SELL positions. The sentiment of USD/JPY is slowly shifting to bearish. 114.7 zone of support was a crucial area from where the price bounced off nicely. A massive bearish candle that was printed last week is another confirmation of the fact that bears are in control. At the moment, the price is...
After breaking the 0.831 zone of support, the price confirmed that the sentiment of the market is bearish. After an impulsive move, a correctional move is needed. It can be noticed from the current price action that the price has bounced off the downtrending channel illustrated on the graph. It is expected that the price will keep rising and reach the previous...
Good time of the day, dear TradingView family. Happy new month! May March bring you lots of happiness, love, and profits. Today we are gonna be doing a quick reality check and scrutinizing a long way every trader goes through before becoming successful and consistent. All beginning traders get super motivated and excited before beginning this long journey....
Taking a look at the Weekly timeframe chart, it can be noticed that the price has been heavily rejecting the local crucial zone of resistance. The previous weekly candle has left a 700-pip wick and closed below the local structure. Zooming into the H8 timeframe chart, it can be seen that the price has formed some sort of a Head&Shoulders pattern. We are patiently...
On the left hand side of the screen, we can see the Daily timeframe chart analysis of the pair. It can be noticed that the price has been actively rejecting the ascending zone of support. If the current Daily candle leaves a wick and closes above the local zone of support, it can be expected that the price will keep rising and reach the 131.4 area of resistance on...
The current ongoing war between Russia and Ukraine has been having a huge impact on the USD. As it can be inferred from the chart, the price of EURUSD dropped all the way down and visited the area of 1.113 crucial support. After an impulsive move, a correctional move is needed. The price has corrected till the 0.5 Fibonacci retracement level, and we are now...