Hello fellow traders, We have witnessed a notably bullish trend in the USD over the past few weeks. However, I am anticipating a significant correction soon. Based on technical analysis and the recent rise in oil prices, I am considering opening a short position on USDCAD. What are your thoughts on this strategy? I would appreciate any insights or opinions you might have.
The global oil market is tightening due to reduced supply from key exporters like Russia and Iran, as well as a surge in demand for heating fuels. Looking at the technical charts, oil prices are very tenacious, as if they are building firmer foundations in preparation for a subsequent breakout to the upside.
Now is best times for buying this token.... First goal is 1.5 dallers
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#ABUK time frame 1 DAY created 2 Bullish pattern ( Gartley and AB=CD ) , so we can see action price in this point but in anther hand we are in a downtrend targeted 41.00 to 35.00 especially EGX30 is negative . Entry level at 48.00 to 48.30 Stop loss 47.50 ( loss may go to up -1.7% ) or 46.80 the last stand with loss -4% First target at 51.75 ( with profit around 7% ) Second target 54.25 ( with profit around 12% ) Third target 56.00 ( with profit 15% ) NOTE : this data according to time frame I DAY , it`s may take period up to 3 months to achieve targets , you must study well the Alternative opportunities before invest in this stock . In addition EGX30 is negative. Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing Thanks and good luck
On a Daily timeframe, NZDCHF has broken above the downtrend. Rejection is expected on retest of broken trendline. Swing trade setup No overrisk Follow Risk management
Bonk (BONK): Similarly, Bonk (BONK) is also showing signs of an impending breakout as it approaches the upper resistance of its falling wedge formation. Trading at $0.00003141, BONK has been consolidating for weeks but now appears to be building momentum. The RSI for BONK is at 43.88, suggesting that there is room for upward movement if buyers step in. The MACD indicator also reflects a waning bearish trend, with the potential for a shift in momentum.
CADCHF 2 h Bullish seems in power. 2 R looks easy at this stage.
Hello! this is my evening forecast for 10/01/2024. Going through my main pairs and the DXY
... for a 5.44 credit. Comments: At 42 DTE, selling premium in the semiconductor exchange-traded fund here with a neutral assumption ... . Using wings that are 1/10th of the price of the underlying in width. Metrics: Max Profit: 5.44 Buying Power Effect: 19.56 ROC at Max: 27.8% 50% Max: 2.67 ROC at 50% Max: 13.9% Will generally look to take profit at 50% max; roll in untested side on side test.