akumjoel

akumjoel

In today's Gold Spot (XAU/USD) trading setup, we're eyeing a buy opportunity as the price approaches the 71.8% Fibonacci retracement level at 2318.5, which also aligns with a previous resistance turned support. This confluence zone offers a robust entry point, anticipating a bullish rebound. Our targets are set at the -27.20% retracement level of 2348.20,...

akumjoel

In today's trading session, Gold Spot (XAU/USD) showcased a significant price action movement, surging from the 2,312.876 support level to break above the key resistance at 2,336.046, reflecting a substantial intraday bullish momentum. The price reached an impressive 61.80% Fibonacci retracement level of the previous downtrend before encountering selling pressure....

akumjoel

According to the 1H analysis, the price is consolidating near the support area, and I am looking for a Long opportunity from 2296.0 and 2298.0 Targets around 2315.0/2325.0/2335.0

akumjoel

EUR/CAD is poised for a short-term buy as it rebounds off the ascending trend line support near 1.4817, targeting the descending trend line resistance at 1.4967. This setup offers a high-probability entry with a clear risk-reward ratio, aiming for a quick profit as the price ascends to retest the upper resistance. Enter long around 1.4820 with a tight stop loss...

akumjoel

EUR/CAD is setting up for a lucrative short trade as it retraces to test the descending trend line resistance around the 1.4950 region. This technical pattern suggests a high-probability reversal, where traders can look for bearish entries. Target the first take-profit (TP1) at the immediate support level of 1.4700, and if the bearish momentum continues, aim for...

akumjoel

Gold (XAU/USD) presents a compelling sell opportunity if the price retraces to the descending trend line around the 2350.00 region. Look for bearish entries at this level, targeting the initial support zone at 2285.50 as TP1. Should the downtrend continue, aim for TP2 at the ascending trend line, capturing further downside potential.

akumjoel

GBP/USD is in the midst of a compelling sell-off following its third bounce off a critical descending trend line on the daily chart, reinforcing a strong bearish trend purely through price action. The pair has started its descent from the 1.2850 area and is expected to plummet 350 pips, targeting the 1.2500 level. This classic technical setup underscores the power...

akumjoel

With market breaking the opposing trend line, it confirms our buy bias. Currently expecting price to retrace for more entries all the way up

akumjoel

From our previous analysis, everything is moving as predicted. Currently expecting price to push all the way to our target in the coming days.

akumjoel

Expecting GU to respect this 3rd touch of the Daily trend line and move all the way down as price is already showing signs of reversal with previous Daily candle closing Bearish

akumjoel

Price is currently rejecting the Daily trend line for the forth time, expecting price to push all the way down to the Daily lows. Lets see how this plays out

akumjoel

Expecting a 500 pip move to the up side as price is currently at a very significant Daily trend line and also a strong support zone. For safer entries, you can wait for price to break the counter-trendline before going long

akumjoel

Just as predicted, USDCAD has completed the move to the upper part of the triangle. Partially waiting for confirmations for the next move .

akumjoel

Looking at the Daily timeframe, we can see that price is in a big Triangle pattern and it's about to test the Bullish trend line. Upon touching the trend line, wait for a clean Bullish Daily candle to close for confirmation, then swing all the way up to the top of the triangle. Let me know what u think in the comment section.

akumjoel

Update on USDCAD.. As earlier posted, we're expecting USDCAD to push about 100 pips up due to strong dollar index. Price has respected the daily trend line and moving as predicted

akumjoel

Looking forward to a nice 300 pips drop from the 3rd trend line bounce with stop loss above previous resistance zone

akumjoel

DXY (Dollar Index) is on a very relevant Daily trend line. Expecting price to push higher with the coming days. With this I will also be looking for Bullish moves on USD pairs like USDCAD and USDCHF

akumjoel

USDCAD is currently testing the 4H trend line and 78.6 fibonacci zone which has also been a recent support zone. I'm waiting for a 4H Bullish candle close to go long. Let me know what you think in the comment section